Sensex Drops 942 Points; Nifty Ends Below 24fxcue.com

(fxcue news) - Indian shares tumbled on Monday, as heightened tensions in the Middle East along with anxiety ahead of this week's U.S. presidential election and the Federal Reserve's interest-rate decision dented investors' appetite for risk. Oil prices were up nearly 3 percent in European trade after OPEC+ agreed to push back its December production increase by at least a month, prioritizing price support over regaining market share. There is some concern that rising crude prices could further stoke inflationary pressures and inflate India's import bill. The benchmark S&P/BSE Sensex fell 941.88 points, or 1.18 percent, to 78,782.24, after having ended Samvat 2081's first trading session, called Muhurat Trading, on a positive note on Friday. The broader NSE Nifty index ended down 309 points, or 1.27 percent, at 23,995.35 amid across-the-board selling. The Sensex hit a low of 78,232.60 in early trade and the Nifty dipped to 23,816.15 in intraday trade on the back of unbated selling by foreign portfolio investors. Among the prominent decliners, BPCL, Adani Ports, Bajaj Auto, Grasim and Hero MotoCorp lost 3-4 percent.

Sensex Drops 942 Points; Nifty Ends Below 24

Sensex Drops 942 Points; Nifty Ends Below 24

Crude oil prices rise by over 3%, OPEC+delays production increase due to demand concerns

COT report: Traders turn to net short yen

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Trader

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

Gold morning trading strategy: Buy directly near 2639, target 2652-2662; If it is sold around 2652 and 2662 for the first time; If given around 2630 and 2622, you can buy in batches;

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Sensex Drops 942 Points; Nifty Ends Below 24

Sensex Drops 942 Points; Nifty Ends Below 24

Crude oil prices rise by over 3%, OPEC+delays production increase due to demand concerns

COT report: Traders turn to net short yen

Please sign in

Trader

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

Gold morning trading strategy: Buy directly near 2639, target 2652-2662; If it is sold around 2652 and 2662 for the first time; If given around 2630 and 2622, you can buy in batches;

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