Sensex Slumps 1fxcue.com

(fxcue news) - Indian shares fell sharply on Monday even as metal stocks logged strong gains following China's announcement of several measures to boost its slowing economy over the weekend. A cautious undertone prevailed due to rising tensions in the Middle East after Israel intensified its military operations against Hezbollah in Lebanon on Sunday, targeting numerous sites following the killing of the group's leader, Sayyed Hassan Nasrallah. It is feared that Israel's increased attacks against Hezbollah in Lebanon and Houthi in Yemen may bring the region one step closer to a much wider conflict involving Iran and the United States. There were also apprehensions that a plausible increase in Yen interest rate can reduce cross country investments in equity. The benchmark S&P/BSE Sensex tumbled 1,272.07 points, or 1.49 percent, to 84,299.78 while the broader NSE Nifty index closed at 25,810.85, down 368.10 points, or 1.41 percent, from its previous close. BEL, Reliance Industries, Trent, Axis Bank and Hero MotoCorp fell 3-4 percent in the Nifty pack, while JSW Steel topped the gainers list to end nearly 3 percent higher. Tata Steel, Britannia Industries, Hindalco and NTPC all rose around 1 percent.

Sensex Slumps 1

CAC 40 Slides As Yields Rise

Sensex Slumps 1

Indonesia Shares May Inch Higher On Monday

FTSE 100 Declines After GDP Data

Australian Market Notably Higher

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Trader

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.

Buy more directly near the current gold price of 2617, 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 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

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Sensex Slumps 1

CAC 40 Slides As Yields Rise

Sensex Slumps 1

Indonesia Shares May Inch Higher On Monday

FTSE 100 Declines After GDP Data

Australian Market Notably Higher

Please sign in

Trader

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.

Buy more directly near the current gold price of 2617, 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 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

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