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(fxcue news) - Indian shares struggled for direction in early trade on Tuesday, tracking weak cues from global markets and ahead of the presentation of the Union Budget 2024 later in the day. The benchmark S&P/BSE Sensex was up 6 points at 80,508 while the broader NSE Nifty index was down 12 points at 24,496. Apollo Hospitals Enterprise, Grasim, ITC, NTPC and Eicher Motors gained 1-2 percent while ONGC, JSW Steel, BPCL, Hindalco and Shriram Finance dropped 1-2 percent. Suzlon Energy jumped 5 percent after Q1 net profit surged 200 percent. Inox Wind rallied 2.3 percent on expectations that the finance minister will announce extension of Inter-State Transmission System (ISTS) tax waivers and increased capex announcements for the renewable energy sector in the Budget. MRPL tumbled 3.3 percent after quarterly net profit plunged 93 percent. RailTel Corp surged nearly 3 percent on securing a contract worth Rs. 186.81 crore from the Ministry of Railways. Gensol Engineering soared 5 percent after it emerged as the winning bidder for 116 MW (150 MWp) of solar projects in Gujarat,

Sensex

Thai Stock Market May Open To The Upside

U.S. Existing Home Sales Plunge To Six-Month Low In June

Sensex

Japanese Market Modestly Lower

Hong Kong Shares May Open To The Upside

Most experts predict that the Bank of Japan will not raise interest rates in July, warning that the yen will quickly fall back to its recent low!

Overview of "Hub Points+Long Short Ratio" of Gold, Crude Oil, and Foreign Exchange Stock Index (2024/07/24)

Indonesia Stock Market May Be Stuck In Neutral

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Trader

If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

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Sensex

Thai Stock Market May Open To The Upside

U.S. Existing Home Sales Plunge To Six-Month Low In June

Sensex

Japanese Market Modestly Lower

Hong Kong Shares May Open To The Upside

Most experts predict that the Bank of Japan will not raise interest rates in July, warning that the yen will quickly fall back to its recent low!

Overview of "Hub Points+Long Short Ratio" of Gold, Crude Oil, and Foreign Exchange Stock Index (2024/07/24)

Indonesia Stock Market May Be Stuck In Neutral

Please sign in

Trader

If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

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