Daily Forex Report by www.epicresearch.co 8th March 2013

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indore, India (prHWY.com) March 8, 2013 - HEADLINE
Rupee at near 1-week high; good dollar inflows seen
The rupee was trading to 54.54/55 versus its previous close of 54.7150/7250 after hitting 54.52, its highest since March 1. Traders said good dollar inflows have been seen in the market, while stop losses in the rupee also triggered after the pair inched up to 54.63. Domestic shares were also up 0.3 per cent after a choppy morning session, helping the pair.
TRADING TIPS:
BUY USD/INR
* ABOVE 54.85
* FOR TGT 55.00/55.15
* SL 54.65
PAST PERFORMANCE
SELL EUR/INR
* BELOW 71.65
* FOR TGT 71.50/71.35
* SL 72.85
* TARGET ACHIEVED
ANALYSIS
DAILY USD/INR
OPEN: 55.0600
HIGH: 55.1450
LOW: 54.7475
CLOSE: 54.7925
* USD/INR LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
DAILY EUR/INR
OPEN: 71.4925
LOW: 71.6025
HIGH: 71.1975
CLOSE: 71.2925
* EUR/INR LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE

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