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(fxcue news) - Indian shares opened a tad lower on Monday, mirroring weak cues from global markets. The benchmark S&P/BSE Sensex was down 132 points, or 0.2 percent, at 79,096 in early trade while the broader NSE Nifty index was down 76 points, or 0.3 percent, at 23,928. Among the prominent decliners, Hindalco, Coal India, BPCL, Tata Steel and Kotak Mahindra Bank all fell around 2 percent. Bajaj Finance rose 1.3 percent. In its quarterly business update, the company said that its assets under management grew 28 percent in the third quarter ended December 31, 2024. FSN E-Commerce Ventures jumped nearly 4 percent. The company said it expects Q3 consolidated net revenue growth to be higher than mid-twenties. Bank of India declined 1.7 percent on reports it is looking to sell stressed loans in Simbhaoli Sugars and Visa Steel. Hindustan Unilever fell 1.5 percent on reports it is in advanced talks to acquire direct-to-consumer (D2C) skincare brand Minimalist at a valuation of Rs 3,000 crore. Dabur India tumbled 4.4 percent after saying it expects low single-digit revenue growth in the December quarter. Easy Trip Planners soared 6 percent after one of its co-promoters confirmed that there will be no further stake sale from any of its promoters in the future.

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U.S. Manufacturing Index Indicates Modestly Slower Contraction In December

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Trader

Today, crude oil supported 74.5 and continued to rise directly to 75.3. If it accidentally falls back to 74.5 tonight, or even breaks through 74.4, it belongs to a small wash. If it rebounds and stabilizes above the daily moving average of 73.7, it is still necessary to try to be bullish;

1.8 Gold US trading strategy: Short selling near 1:2656, stop loss 2666, target 2646-2640; strategy 2: Buy long near 2633, stop loss at 2623, target at 2642-2648;

Short selling in the 74.87 area of US crude oil (default stop loss of 50 points, set breakeven stop loss for profit of 50 points, pursue high win rate of 75 points. Band moving stop loss protects existing profits held until take profit)

1.8 Gold Trading Reference: Gold rebounds around 2656-2660, with short selling (buy down) of 2/10 positions in batches, stop loss of 6 points, target around 2645-2630, break at the 2615 line;

1/8 Gold Day Short term Strategy Reference: 1. The rebound saw a short sale near 2662 for the first time, with a loss of 2668. The target is 2650-2640-2630; 2. Falling back for the first time at 2632. Short buy once more, loss at 2628, target at 2642-2652-2662!

EUR/USD 1.03850 short, stop loss 1.04050, target below 1.03350, break below 1.03000 and 1.02700

Today's spot silver was sold short at 30.25, with a stop loss of 30.45. The lower targets are at 30 and 29.85, with a drop below the support range of 29.6-29.5.

If spot gold rises today, it will be sold short at 2660 with a stop loss of 2666. The targets below are 2645, 2640, and 2634-2630

The main focus of crude oil retracement is buying long at low prices, supplemented by short selling at high prices during rebound. Short term attention is paid to the resistance line of 75.8-76.3 above, while short-term attention is paid to the support line of 73.7-73.2 below.

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Sensex

Australian Dollar Drops Against Most Majors

TSX Starts New Year On Strong Note

Sensex

Australian Market Notably Higher

Canadian Market Remains Positive

Indonesia Bourse May Extend Its Winning Streak

Sensex

U.S. Manufacturing Index Indicates Modestly Slower Contraction In December

Please sign in

Trader

Today, crude oil supported 74.5 and continued to rise directly to 75.3. If it accidentally falls back to 74.5 tonight, or even breaks through 74.4, it belongs to a small wash. If it rebounds and stabilizes above the daily moving average of 73.7, it is still necessary to try to be bullish;

1.8 Gold US trading strategy: Short selling near 1:2656, stop loss 2666, target 2646-2640; strategy 2: Buy long near 2633, stop loss at 2623, target at 2642-2648;

Short selling in the 74.87 area of US crude oil (default stop loss of 50 points, set breakeven stop loss for profit of 50 points, pursue high win rate of 75 points. Band moving stop loss protects existing profits held until take profit)

1.8 Gold Trading Reference: Gold rebounds around 2656-2660, with short selling (buy down) of 2/10 positions in batches, stop loss of 6 points, target around 2645-2630, break at the 2615 line;

1/8 Gold Day Short term Strategy Reference: 1. The rebound saw a short sale near 2662 for the first time, with a loss of 2668. The target is 2650-2640-2630; 2. Falling back for the first time at 2632. Short buy once more, loss at 2628, target at 2642-2652-2662!

EUR/USD 1.03850 short, stop loss 1.04050, target below 1.03350, break below 1.03000 and 1.02700

Today's spot silver was sold short at 30.25, with a stop loss of 30.45. The lower targets are at 30 and 29.85, with a drop below the support range of 29.6-29.5.

If spot gold rises today, it will be sold short at 2660 with a stop loss of 2666. The targets below are 2645, 2640, and 2634-2630

The main focus of crude oil retracement is buying long at low prices, supplemented by short selling at high prices during rebound. Short term attention is paid to the resistance line of 75.8-76.3 above, while short-term attention is paid to the support line of 73.7-73.2 below.

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