Daily Forex Report by www.epicresearch.co 31th January 2013

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips

indore, India (prHWY.com) January 31, 2013 - HEADLINES
Rupee strengthens to over 3-month peak on dollar inflows
The rupee rose to its highest level in more than three months on Wednesday on the back of dollar inflows for upcoming share sales and positive sentiment from a stronger euro. At 3:30 p.m. (1000 GMT), the partially convertible rupee was at 53.3550/3650 per dollar, its strongest since Oct. 23, 2012 and stronger than its close of 53.76/77 on Tuesday. Traders said exporters were also seen selling the greenback of expectations of a stronger rupee in the near-term. India's ministerial panel approved selling a 10 percent stake in Oil India BSE -2.30 % on Feb. 1, the oil secretary said.
* TRADING TIPS
SELL USD/INR
ABOVE 53.52
FOR TGT
53.37/53.22
SL 54.72
* PAST PERFORMANCE
ABOVE 54.00

FOR TGT

53.85/53.3070

SL 54.20
TARGET ACHIEVED
DAILY EUR/INR CHART
ANALYSIS
OPEN: 53.7700
HIGH: 53.8250
LOW: 53.4950
CLOSE: 53.5350

* USD/INR LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE

DAILY USD/INR CHART
ANALYSIS
OPEN: 72.4200
HIGH: 72.6300
LOW: 72.3575
CLOSE: 72.55575

* EUR/INR LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. We provide services in equity, commodity and Forex market.

Option tips
Business analyst jobs
Mcx tips
Intraday tips
Intraday trading tips

GET FREE TRIAL +91 731 6642300
Or mail us here: info@epicresearch.co Or visit our site that is http://www.epicresearch.co/
Or
http:// http://www.epicresearch.co/images/past_performance/DAILY-FOREX-REPORT.pdf
###

Tag Words: business analyst jobs, mcx tips, commodity tips, share tips, forex tips

Categories: Business

Press Release Contact
411 Milinda Manor (Suites 409 - 417)
2 RNT Marg Opp Central Mall
Indore (M.P.)

Link To This Press Release:

URL HTML Code