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(fxcue news) - Indian shares ended Monday's session modestly lower amid concerns over slowing earnings growth and a weakening rupee amidst continued foreign fund outflows. Rising geopolitical risks also weighed on markets after fighting between Russia and Ukraine intensified over the weekend, and outgoing U.S. President Joe Biden authorized the first use of U.S.-supplied long-range missiles by Ukraine for strikes inside Russia. The benchmark S&P BSE Sensex ended the session down 241.30 points, or 0.31 percent, at 77,339.01, with IT, energy and healthcare stocks leading losses. The broader NSE Nifty index closed at 23,453.80, down 78.90 points, or 0.34 percent, from its previous close. Cipla, BPCL, Infosys, Dr Reddy's Laboratories and TCS fell 2-3 percent in the Nifty pack while Hindustan Unilever, Nestle India, Tata Steel and Hero MotoCorp gained 1-3 percent. NALCO, Hindalco and Vedanta surged 3-9 percent after China withdrew export tax rebate on aluminum and copper products. Gas distribution companies Mahanagar Gas and Indraprastha Gas fell 14 percent and 20 percent, respectively after the government, over the weekend, cut the Administered Price Mechanism (APM) allocation to the companies by 20 percent for the second consecutive month.

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Trader

I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

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Sensex

Euro Slides Against Majors

CPI Uptick

Bay Street Seen Opening Lower On Geopolitical Concerns; Canadian Inflation Data In Focus

European Stocks Tumble As Russia-Ukraine War Hurts Sentiment

Eurozone Inflation Rises To 2% As Estimated

Indian Shares Seen Opening Slightly Higher

Sensex

U.S. Housing Starts Tumble More Than Expected In October

Please sign in

Trader

I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

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