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(fxcue news) - Indian shares continued their upward momentum on Tuesday, with sentiment buoyed by foreign fund inflows and a retreat in oil prices. Crude prices extended recent losses after a hurricane that hit a key U.S. oil-producing hub in Texas caused less damage than markets had expected, easing concerns over supply disruption. The benchmark 30-share BSE Sensex rose 391 points, or 0.49 percent, to 80,351 amid buying in blue-chip stocks. The broader NSE Nifty hit a new high of 24,443 before finishing up 112 points, or 0.46 percent, at 24,433. The BSE mid-cap and small-cap indexes closed up 0.36 percent and 0.22 percent, respectively. Among the top gainers, Maruti Suzuki India shares soared 6.5 percent after the Uttar Pradesh government announced a complete waiver of registration tax on strong hybrid cars. Hindalco, Titan Company, Mahindra & Mahindra and Divis Laboratories all rose around 2 percent while heavyweight Reliance Industries fell about 1 percent. Global cues were mixed as investors looked ahead to key U.S. data on consumer and producer price inflation as well as Federal Reserve Chair Jerome Powell's congressional testimony for clues on the U.S. central bank's policy path. Powell is set to address Congress today and tomorrow. The U.S. CPI report is due on Thursday and is expected to show inflation easing to 3.1 percent in June from 3.3 percent in May. The producer price inflation report is expected Friday.

Sensex

Sensex

Bay Street May Open Slightly Higher; Powell's Testimony In Focus

Sensex

Technical analysis: AUD/NZD close to overbought, may soon face correction

The Bank of Japan will hold three meetings to hear opinions on reducing the scale of bond purchases

Traders waiting for Powell's congressional testimony, will gold prices face a chance to soar?

STARTRADER：Delisting of XAUUSD.m

UiPath To Eliminate About 10% Of Global Workforce Amid Restructuring

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If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

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;

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Sensex

Sensex

Bay Street May Open Slightly Higher; Powell's Testimony In Focus

Sensex

Technical analysis: AUD/NZD close to overbought, may soon face correction

The Bank of Japan will hold three meetings to hear opinions on reducing the scale of bond purchases

Traders waiting for Powell's congressional testimony, will gold prices face a chance to soar?

STARTRADER：Delisting of XAUUSD.m

UiPath To Eliminate About 10% Of Global Workforce Amid Restructuring

Please sign in

Trader

If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

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;

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