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(fxcue news) - Indian stocks closed on a positive note on Tuesday despite giving up a substantial portion of intraday gains. Stocks moved higher thanks to positive global cues, and on bargain hunting after recent losses. However, concerns about geopolitical tensions, uncertainty about U.S. interest-rate trajectory and a lack of significant triggers from the domestic front rendered the mood cautious and prompted investors to lighten commitments at higher levels. Automobile, pharma, realty, technology and media stocks were among the prominent gainers. The BSE benchmark Sensex, which surged to 78,451.65 around noon, gaining more than 1,100 points in the process, eventually ended the day's session with a gain of 239.37 points or 0.31% at 77,578.38, snapping a four-day losing streak. The National Stock Exchange's Nifty50 settled with a gain of 64.70 points or 0.28% at 23,518.50, way down from the day's high of 23,780.65. Mahindra & Mahindra gained more than 3.5%. Tech Mahindra and HDFC Bank both closed higher by about 2.25%. Sun Pharmacutical Industries, Tata Motors, Titan and UltraTech Cement gained 1.4 to 1.6%. Power Grid Corporation, Infosys, Adani Ports, Axis Bank and Tata Consultancy Services posted moderate gains. Dr Reddy's Laboratories, Eicher Motors, Wipro, Trent and ONGC also closed higher. Reliance Industries,State Bank of India, Tata Steel, Bajaj Finserve, Maruti Suzuki and Larsen & Toubro lost 1 to 1.6%. Tata Consumer Products and Shriram Finance also ended weak. The market breadth was positive till the end. On BSE, 2,362 stocks closed higher, and 1,601 stocks ended weak, while 96 stocks closed flat.

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EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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Sensex

DAX Rises As War Fears Ease

China Shares May Extend Tuesday's Gains

Rebound Predicted For Malaysia Stock Market

Pound Rises As U.K. Inflation Accelerates More Than Forecast

China Shares May Extend Tuesday's Gains

Euro Falls Against Majors

Sensex

Pound Rises As U.K. Inflation Accelerates More Than Forecast

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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