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(fxcue news) - Indian shares gave up early gains to end marginally lower on Wednesday. The benchmark 30-share BSE Sensex ended the session down 138.74 points, or 0.17 percent, at 80,081.98 due to concerns over stretched valuations and continued selling by foreign institutional investors amid rising global uncertainties. The broader NSE Nifty index dropped 36.60 points, or 0.15 percent, to close at 24,435.50. Power Grid Corp, Shriram Finance, Eicher Motor, Sun Pharma and Mahindra & Mahindra fell 2-3 percent in the Nifty pack, while Bajaj Finance jumped 4.9 percent after Q2 net profit surged 80 percent. HDFC Bank, Bajaj Auto, Tata Consumer Products and Tech Mahindra rose 1-2 percent. Global cues were mixed, while the dollar and bonds remained elevated amid easing expectations of aggressive Federal Reserve rate cuts and fears the U.S. may be heading toward fiscal collapse. U.S. Treasury yields hovered near three-month highs as traders pondered the prospect of a Donald Trump presidency. It is feared that Trump policies including tariffs and restrictions on undocumented immigration could increase inflation and keep interest rates relatively high for a longer-than-anticipated period. Gold extended its uptrend to reach new record highs, while oil prices were down around 1 percent in European trade as industry data signaled a rise in U.S. oil inventories and the Biden administration renewed efforts to secure a cease-fire in the Middle East.

Sensex

Sensex

South Korea GDP Rises 0.1% In Q3

Singapore Shares May Head South Again On Thursday

South Korea GDP Expands 0.1% On Quarter In Q3

Taiwan Stock Market May Extend Losing Streak

Continued Consolidation Called For Malaysia Stock Market

South Korea Shares Likely To Remain Rangebound On Thursday

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Trader

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

Spot silver can be bought long at the position of 30.2 today, with a stop loss set at 30. The target is first to look at 30.5 and 30.7, and if a break can be achieved, the target can be further focused on 30.9 and 31.2.

Spot gold trading recommendation for today's operation is to short one near 2650-2648, with a stop loss of 2656 and a target of 2640-2635. Buy one more time on the first retracement of 2620-2622, stop loss at 2615, target around 2635-2645.

Profit from gold trading

Profit from selling foreign exchange gold orders

Sell directly near gold 2630, targeting 2616-2608-2598; If sold in batches at four o'clock on 2633, 2637, 2642, and 2650; If it is given around 2616, 2608, and 2598 for the first time, it can be bought;

Gold intraday strategy: Buy near 2626-2629 Stop loss 2620 Target 2645

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Sensex

Sensex

South Korea GDP Rises 0.1% In Q3

Singapore Shares May Head South Again On Thursday

South Korea GDP Expands 0.1% On Quarter In Q3

Taiwan Stock Market May Extend Losing Streak

Continued Consolidation Called For Malaysia Stock Market

South Korea Shares Likely To Remain Rangebound On Thursday

Please sign in

Trader

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

Spot silver can be bought long at the position of 30.2 today, with a stop loss set at 30. The target is first to look at 30.5 and 30.7, and if a break can be achieved, the target can be further focused on 30.9 and 31.2.

Spot gold trading recommendation for today's operation is to short one near 2650-2648, with a stop loss of 2656 and a target of 2640-2635. Buy one more time on the first retracement of 2620-2622, stop loss at 2615, target around 2635-2645.

Profit from gold trading

Profit from selling foreign exchange gold orders

Sell directly near gold 2630, targeting 2616-2608-2598; If sold in batches at four o'clock on 2633, 2637, 2642, and 2650; If it is given around 2616, 2608, and 2598 for the first time, it can be bought;

Gold intraday strategy: Buy near 2626-2629 Stop loss 2620 Target 2645

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