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(fxcue news) - Indian stocks closed on a positive note on Tuesday despite giving up a substantial portion of intraday gains. Stocks moved higher thanks to positive global cues, and on bargain hunting after recent losses. However, concerns about geopolitical tensions, uncertainty about U.S. interest-rate trajectory and a lack of significant triggers from the domestic front rendered the mood cautious and prompted investors to lighten commitments at higher levels. Automobile, pharma, realty, technology and media stocks were among the prominent gainers. The BSE benchmark Sensex, which surged to 78,451.65 around noon, gaining more than 1,100 points in the process, eventually ended the day's session with a gain of 239.37 points or 0.31% at 77,578.38, snapping a four-day losing streak. The National Stock Exchange's Nifty50 settled with a gain of 64.70 points or 0.28% at 23,518.50, way down from the day's high of 23,780.65. Mahindra & Mahindra gained more than 3.5%. Tech Mahindra and HDFC Bank both closed higher by about 2.25%. Sun Pharmacutical Industries, Tata Motors, Titan and UltraTech Cement gained 1.4 to 1.6%. Power Grid Corporation, Infosys, Adani Ports, Axis Bank and Tata Consultancy Services posted moderate gains. Dr Reddy's Laboratories, Eicher Motors, Wipro, Trent and ONGC also closed higher. Reliance Industries,State Bank of India, Tata Steel, Bajaj Finserve, Maruti Suzuki and Larsen & Toubro lost 1 to 1.6%. Tata Consumer Products and Shriram Finance also ended weak. The market breadth was positive till the end. On BSE, 2,362 stocks closed higher, and 1,601 stocks ended weak, while 96 stocks closed flat.

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Trader

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

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Sensex

Yen Retreats After BoJ Ueda Comments Add Rate Hike Uncertainty

Taiwan Shares May Bounce Higher Again On Tuesday

DAX Slips As War Worries Return

Antipodean Currencies Rise As Asian Markets Trade Mostly Higher

Euro Falls Against Majors

Yen Retreats Against Majors

Sensex

South Korea Shares May Add To Their Winnings On Tuesday

Please sign in

Trader

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

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