Sensex Plunges 1fxcue.com

(fxcue news) - Indian shares ended sharply lower on Thursday after a modest start. Weak global cues, profit booking after recent gains and volatility as a result of the expiry of monthly derivative contracts weighed on domestic markets. Global cues were tepid as uncertainty prevailed over U.S. President-elect Donald Trump's tariff policies and the Federal Reserve's interest rate path. The U.S. inflation outlook has become cloudier as another solid monthly core inflation for November challenged the FOMC's view of bringing inflation to the 2 percent target. The benchmark S&P/BSE Sensex slumped 1,190.34 points, or 1.48 percent, to 79,043.74 while the broader NSE Nifty index closed at 23,914.15, down 360.75 points, or 1.49 percent, from its previous close. Infosys, Mahindra & Mahindra, HDFC Life and SBI Life fell 3-5 percent in the Nifty pack while SBI, Shriram Finance and Cipla ended with modest gains. Adani Group stocks rallied for a second straight day, with Adani Green, Adani Energy Solutions and Adani Total Gas rising 10-15 percent.

Sensex Plunges 1

French GDP Growth Accelerates; Inflation Rises Marginally

German Unemployment Rises Less Than Forecast

Singapore Shares May Take Further Damage On Thursday

Swiss Market Ends On Firm Note

Eurozone Economic Confidence Rises Unexpectedly

European Stocks Close Higher

Sensex Plunges 1

Swiss Market Ends On Firm Note

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Trader

Crude oil rose and fell yesterday, with a precise drop around 70.5. Today, we will use 70.5 as a defense to see the drop. Just follow 69.5 and 70 to enter the market, and continue to watch the new low!

Today's crude oil operation is considering a high sell low buy strategy, with a focus on resistance at $70.0-71.4 above and support at $68.4-67.7 below.

You can buy more near Gold 2647 and 2642, with a target of 2655-65.

Today, the short-term trading strategy for gold is mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line at 2335-2341, while the short-term focus below is on the support line at 2295-2306.

The gold price is expected to rebound to 2657 or above, short selling at a loss of 2662, short looking at 2635-30, target at 2620-10 or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

If spot gold falls back to 2637 today, buy long, conservatively buy long at 2635, stop loss at 2631, target at 2657, break through at 2661 and 2667 pressure.

Buy spot gold at 2643, take profit at 2652.

Today, all USDJPY, EURUSD, and GBPUSD trades were cut off...

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Sensex Plunges 1

French GDP Growth Accelerates; Inflation Rises Marginally

German Unemployment Rises Less Than Forecast

Singapore Shares May Take Further Damage On Thursday

Swiss Market Ends On Firm Note

Eurozone Economic Confidence Rises Unexpectedly

European Stocks Close Higher

Sensex Plunges 1

Swiss Market Ends On Firm Note

Please sign in

Trader

Crude oil rose and fell yesterday, with a precise drop around 70.5. Today, we will use 70.5 as a defense to see the drop. Just follow 69.5 and 70 to enter the market, and continue to watch the new low!

Today's crude oil operation is considering a high sell low buy strategy, with a focus on resistance at $70.0-71.4 above and support at $68.4-67.7 below.

You can buy more near Gold 2647 and 2642, with a target of 2655-65.

Today, the short-term trading strategy for gold is mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line at 2335-2341, while the short-term focus below is on the support line at 2295-2306.

The gold price is expected to rebound to 2657 or above, short selling at a loss of 2662, short looking at 2635-30, target at 2620-10 or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

If spot gold falls back to 2637 today, buy long, conservatively buy long at 2635, stop loss at 2631, target at 2657, break through at 2661 and 2667 pressure.

Buy spot gold at 2643, take profit at 2652.

Today, all USDJPY, EURUSD, and GBPUSD trades were cut off...

Tags

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