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(fxcue news) - Indian shares ended modestly higher on Thursday, giving up some early gains as investors awaited cues from U.S. PMI and initial jobless claims figures as well as Fed Chair Powell's Friday speech at the Jackson Hole Symposium. Underlying sentiment remained supported by a continued fall in oil prices and dovish minutes from the Federal Reserve meeting. The July Fed meeting minutes showed 'vast majority' of policymakers thought move to lower borrowing costs was 'appropriate' if data continued to come in as expected. Also, new data showed on Wednesday that U.S. job growth during much of the past year was significantly weaker than initially estimated, raising concerns the world's largest economy is slowing and the Fed has waited too long to cut interest rates. Markets are currently pricing in a 100 percent probability of a September cut, but there is divided opinion on the quantum of the cut. The 30-share BSE Sensex ended at 81,053, up 148 points, or 0.18 percent from its previous close, while the broader NSE index closed 41 points, or 0.17 percent, higher at 24,812. Grasim topped the gainers list to close 2.7 percent higher while Tata Steel, Apollo Hospitals Enterprise, Bharti Airtel and Tata Consumer Products climbed 1-2 percent. On the losing side, Dr Reddy's Laboratories, Mahindra & Mahindra, Tata Motors, NTPC and Wipro all fell over 1 percent.

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Sensex

U.S. Dollar Declines As Powell Indicates Imminent Rate Cut

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Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

Spot gold trading strategy today: sell 2597-2600, stop loss 2609, target at 2585-2577.

EURUSD, XAUUSD profit close trading

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Sensex

Sensex

Sensex

U.S. Dollar Declines As Powell Indicates Imminent Rate Cut

Please sign in

Trader

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

Spot gold trading strategy today: sell 2597-2600, stop loss 2609, target at 2585-2577.

EURUSD, XAUUSD profit close trading

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