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(fxcue news) - Indian shares edged lower at open on Friday, extending losses for a fifth day running amid concerns that U.S. President-elect Donald Trump's fiscal, trade and tariff policies could prompt the Federal Reserve to end its rate-cutting cycle. The benchmark S&P/BSE Sensex was down 292 points, or 0.4 percent, at 78,825 in early trade while the broader NSE Nifty index dipped 67 points, or 0.3 percent, to 23,884. Among the prominent decliners, Larsen & Toubro, UltraTech Cement, JSW Steel, Tech Mahindra and Axis Bank fell 1-2 percent. Acme Solar rallied 2 percent after commissioning a 1,023 MW solar capacity project in Rajasthan. Tata Consumer Products rose about 1 percent. The company has denied reports of coffee chain operator Starbucks mulling an exit from India. Amara Raja Energy & Mobility rose half a percent. Hyundai Motor India said it will use Amaron batteries in its vehicles going forward. DOMS Industries fell about 1 percent after its Italian promoter FILA Group sold a 4.6 pe cent stake worth Rs 798 crore in the company. Indian Oil Corp gained half a percent on news it will invest Rs 21,000 crore towards expanding its refinery in Bihar. SpiceJet declined 2 percent after settling its dispute with aircraft lessor Genesis over the repayment of dues worth $16 million.

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Gold 2630 short selling, stop loss 2640, target 2610.

Short term support for spot gold should first focus on the 2605-2600 area. If it approaches or touches the area for the first time, consider buying long in the short term. Radical investors can buy at 2610, followed by the 2590-2680 area.

Short term short selling near 2630-2635 is recommended for gold trading, with a stop loss of 2642 and a target below 2620-2610. Suggest buying long at 2613-2615, stop loss at 2608, target at 2625-2635;

Gold rebounded near 2631 and sold short, with a loss of 2639, looking at 2620 and 2615; If the support of 2615 is not broken below, you can buy more, and then look at the range!

Short selling of spot gold 2626/2628, take a look at 26162610.

Spot gold rebounds, short selling at the 2636-2640 level, stop loss at 2649, target at the 2610 level, and break through at the 2598-2600 level;

Buy more directly near the current gold price of 2625, with targets of 2642, 2650, and 2664; If three points of 2650, 2664, and 2670 are given for the first time, short selling is allowed; If you buy more in batches around 2621, 2618, and 2612;

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Sensex

U.S. Dollar Advances After Strong Economic Data

Sensex

European Stocks Close Lower Again

European Shares Seen Lower As Investors Await US PCE Data

Canadian Market Extends Losses

Higher Open Tipped For Thai Stock Market

Sensex

U.S. Leading Economic Index Rises For First Time Since February 2022

Please sign in

Trader

Gold 2630 short selling, stop loss 2640, target 2610.

Short term support for spot gold should first focus on the 2605-2600 area. If it approaches or touches the area for the first time, consider buying long in the short term. Radical investors can buy at 2610, followed by the 2590-2680 area.

Short term short selling near 2630-2635 is recommended for gold trading, with a stop loss of 2642 and a target below 2620-2610. Suggest buying long at 2613-2615, stop loss at 2608, target at 2625-2635;

Gold rebounded near 2631 and sold short, with a loss of 2639, looking at 2620 and 2615; If the support of 2615 is not broken below, you can buy more, and then look at the range!

Short selling of spot gold 2626/2628, take a look at 26162610.

Spot gold rebounds, short selling at the 2636-2640 level, stop loss at 2649, target at the 2610 level, and break through at the 2598-2600 level;

Buy more directly near the current gold price of 2625, with targets of 2642, 2650, and 2664; If three points of 2650, 2664, and 2670 are given for the first time, short selling is allowed; If you buy more in batches around 2621, 2618, and 2612;

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