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(fxcue news) - Indian shares struggled for direction on Thursday ahead of domestic CPI inflation and industrial output figures due out later in the day. The benchmark S&P/BSE Sensex was up 27 points at 81,553 in early trade while the broader NSE Nifty index was down 7 points at 24,635. IT stocks traded higher, with Infosys, TCS, Wipro and Tech Mahindra rallying 1-2 percent. Reliance Power jumped nearly 5 percent after it formed a new arm for renewable energy business. Reliance Infrastructure climbed 2 percent. The Supreme Court has issued a contempt notice to its subsidiary Delhi Airport Metro Express Pvt Ltd over non-refund of dues. Jubilant Foodworks tumbled more than 3 percent after the Group agreed to acquire a 40 percent stake in Hindustan Coca-Cola Holdings. State Bank of India shares dropped half a percent. The state-run has invited counter bids from entities interested in acquiring bad debt of Rs 52,074 crore in Jaiprakash Associates (JAL) through a Swiss challenge auction. Shriram Finance edged down slightly after completing the sale of its entire stake in its housing finance subsidiary.

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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

Swiss Market Ends Modestly Higher Ahead Of SNB Policy Announcement

Swiss Franc Drops Against Majors

NZ Dollar Falls Against Majors

Sensex

Major European Markets Close Higher As Investors React Positively To U.S. Inflation Data

Bank Of Canada Slashes Interest Rates By Another 50 Basis Points

Sensex

Canadian Dollar Climbs After BoC Decision

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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