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(fxcue news) - Indian shares gave up early gains to end modestly lower on Wednesday as investors waited for the U.S. Federal Reserve's first cut to interest rates in more than four years. The odds of a super-sized Federal Reserve interest rate cut later in the day have diminished after data showed U.S. retail sales unexpectedly rose in August and production at factories bounced back. The benchmark 30-share BSE Sensex ended the session down 131.43 points, or 0.16 percent, at 82,948.23, after having hit a fresh record high of 83,326.38 during intra-day trade. Likewise, the broader NSE Nifty index scaled a record high level of 25,482.20 before giving up all gains to close at 25,377.55, down 41 points, or 0.16 percent, from its previous close. IT stocks were among the worst hit as U.S. Treasury yields ticked higher ahead of the Fed decision. Wipro, Tech Mahindra, HCL Technologies, Infosys and TCS fell 3-4 percent. Financials topped the gainers list, with Bajaj FinServ, Bajaj Finance and Shriram Finance rallying 2-4 percent.

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U.S. Housing Starts Spike Much More Than Expected In August

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Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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Sensex

Sensex

U.S. Housing Starts Spike Much More Than Expected In August

Sensex

Sensex

Please sign in

Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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