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(fxcue news) - Indian shares opened lower on Friday after the readout from a high-level economic policy meeting in Beijing offered another round of strong language about helping the economy but lacked detail about policy or stimulus moves. Meanwhile, domestic IIP and retail inflation figures released after market hours on Thursday left little room for surprises. The benchmark S&P/BSE Sensex was down 50 points, or 0.7 percent, at 80,730 in early trade, with selling seen across the board amid global jitters and concerns over rising oil prices as investors weighed the prospect for tighter U.S. sanctions against Iran and Russia. The broader NSE Nifty index dropped 170 points, or 0.7 percent, to 24,379. Among the prominent decliners, IndusInd Bank, Hindalco, Shriram Finance, JSW Steel and Tata Steel tumbled 2-3 percent. Nalco fell 2.3 percent to extend recent losses due to falling alumina prices and South32's production guidance withdrawal. Greenply Industries declined 2.8 percent after announcing a temporary shutdown of manufacturing operations at the medium-density fiberboard (MDF) plant in Gujarat. JSW Energy gave up 2.3 percent after reports that over 30 students have fallen ill due to exposure to toxic fumes from the plant's storage tank in Ratnagiri. Bajel Projects soared nearly 8 percent after securing an order from Solapur Transmission.

Sensex

U.S. Dollar Rises Against Majors

European Stocks Close Slightly Lower After Cautious Session

Japanese Yen Lower Against Majors

U.S. Dollar Appreciates After Hot PPI Data

U.S. Weekly Jobless Claims Unexpectedly Extend Rebound

Swiss Market Ends Modestly Higher After SNB Lowers Rate By 50 Bps

Sensex

Thai Stock Market Likely To Extend Losing Streak

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Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Spot gold is expected to rebound to 2620, short selling with a loss of 2627, short looking at 2606-00, target 2590-86; Short selling at 2631 with a loss of 2638, the target remains the same.

Buy more spot gold for profit and take profit

Spot gold operation strategy: 1. Gold rebounds 2638-2642, sell empty, stop loss 2651, target line 2588-2593; 2. Gold retraces to buy long at 2586-2593, stop loss at 2575, target at 2630-35 line;

Spot gold 2630 short, target 2618, stop loss 2635. Buy long at 2618-20, stop loss at 2612, target at 2630-40.

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Sensex

U.S. Dollar Rises Against Majors

European Stocks Close Slightly Lower After Cautious Session

Japanese Yen Lower Against Majors

U.S. Dollar Appreciates After Hot PPI Data

U.S. Weekly Jobless Claims Unexpectedly Extend Rebound

Swiss Market Ends Modestly Higher After SNB Lowers Rate By 50 Bps

Sensex

Thai Stock Market Likely To Extend Losing Streak

Please sign in

Trader

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Spot gold is expected to rebound to 2620, short selling with a loss of 2627, short looking at 2606-00, target 2590-86; Short selling at 2631 with a loss of 2638, the target remains the same.

Buy more spot gold for profit and take profit

Spot gold operation strategy: 1. Gold rebounds 2638-2642, sell empty, stop loss 2651, target line 2588-2593; 2. Gold retraces to buy long at 2586-2593, stop loss at 2575, target at 2630-35 line;

Spot gold 2630 short, target 2618, stop loss 2635. Buy long at 2618-20, stop loss at 2612, target at 2630-40.

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