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(fxcue news) - Indian shares ended Tuesday's session marginally higher after a choppy session. Benchmark indexes Sensex and Nifty fluctuated before finishing slightly higher near record levels as investors awaited key policy announcement and commentary from the U.S. Federal Reserve at the end of a two-day policy meeting on Wednesday. Fed funds futures traders currently price in a 62 percent probability of a 50 basis-point cut and a 38 percent probability of a 25 basis-point cut, according to the CME FedWatch Tool. Whether the Fed decides to cut rates by 25 or 50 basis points, the central bank is still expected to continue lowering rates over the remainder of the year. Investors also cheered data that showed India's wholesale price inflation softened more-than-expected in August to the lowest level in four months. According to provisional data from the Ministry of Commerce and Industry, the wholesale price index, or WPI, rose 1.31 percent year-over-year in August, slower than the 2.04 percent increase in July. Economists had expected inflation to ease to 1.80 percent. The benchmark 30-share Sensex ended the session up 90.88 points, or 0.11 percent, at 83,079.66 while the broader NSE Nifty index settled up 34.80 points, or 0.14 percent, at 25,418.55. Two-wheeler manufacturers topped the gainers list, with Hero MotoCorp and Bajaj Auto climbing 3.3 percent and 2 percent, respectively. Mahindra & Mahindra, NTPC and Bharti Airtel rose 1-2 percent while Tata Motors and Eicher Motors declined 1.4 percent and 1 percent, respectively. China growth worries weighed on metal stocks, with Tata Steel, Coal India and JSW Steel all falling around 1 percent.

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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

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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