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(fxcue news) - Indian shares fluctuated before ending on a flat note Tuesday ahead of the Christmas holiday. While positive global cues helped underpin sentiment in early trade, higher levels attracted profit taking in the absence of catalysts in the holiday-shortened week. The benchmark S&P/BSE Sensex hit an intra-day high of 78,877.36 before reversing course to end the session down 67.30 points, or 0.09 percent, from its previous close. Likewise, the broader NSE Nifty index closed down 25.80 points, or 0.11 percent, at 23,727.65, after having hit a high of 23,867.65 earlier. Among the prominent decliners, Infosys, Titan Company, SBI Life, JSW Steel and Power Grid Corp fell 1-2 percent. Metal stocks ended mostly lower on profit taking after rallying sharply in the previous session. Tata Group stocks were in focus after Tata Capital, the financial services arm of the Tata Group, has started preparations for a $2 billion initial public offering (IPO). Tata Investment Corp shares surged 4.2 percent, Tata Motors rallied 1.8 percent and Tata Chemicals soared 3.1 percent. Biocon advanced 4.1 percent after receiving regulatory approval for a diabetics drug in the European Union. Aarti Drugs jumped 11.6 percent after the company received the Establishment Inspection Report (EIR) from U.S. FDA for it Tarapur facility. Knowledge Marine & Engineering Works added 1.8 percent on stock-split news.

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Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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Sensex

RBA Minutes: Australia GDP Remains Softer Than Expected

Starbucks Union Expands Strike To More States

China Stock Market Poised To End Losing Streak

U.S. Durable Goods Orders Pull Back More Than Expected In November

Hong Kong Shares May See Additional Support On Tuesday

BoJ Minutes: Japan Economy Growing Above Trend

Sensex

Bay Street May Open With Slightly Negative Bias; GDP

Please sign in

Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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