BankIndia has broken its support level of 302 and can test 260 in coming time. Traders are advised to avoid any long position from this. Buying interest can be seen if it takes support at next support level of 260. Anyone having long position in this stock is advised to stay away from it for sometime. Fresh buying at these levels are also not advisable. Higher volumes … [Read more...]
Silver weekly Support and Resistance Levels for week16 April 2012
Silver Trading Levels for 16 April 2012 - Silver Future Support and Resistance Levels - Weekly Silver Level for week starting from 16 April 2012 Trading as per the support and resistance levels may be quite useful for intraday and Positional trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go … [Read more...]
Gold Weekly Support and Resistance Levels for week 16 April 2012
Gold Trading Levels for 16 April 2012 - Gold Future Support and Resistance Levels - Weekly Gold Level for week Starting from 16 April 2012 Trading as per the support and resistance levels may be quite useful for intraday and Positional trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. … [Read more...]
What Does Baltic Dry Index – BDI Mean?
The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange.A shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry … [Read more...]
What Does BOBL Futures Contract Mean?
A futures contract with medium term debt that is issued by the Federal Republic of Germany as its underlying asset. The contract has a notional contract value of 100,000 euros, with a term to maturity of 4.5 to five years. Unlike most other types of future contracts, BOBL future contracts tend to be settled by delivery. In America, these futures contracts are traded on the … [Read more...]