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We have already seen how the pre-open session or call auction trading session for existing securities works. And similarly for the new listings of the IPOs during listing day, the exchanges have introduced a Special Pre-Open Session (SPOS) for IPOs and re-listed scrips. Salient Features of Special Pre-open Session : 1. This session shall be conducted for IPO scrips only on the first day of trading, i.e. day of listing of the scrip on the Exchange and for Re-listed scrips only on the day of re-commencement of trading of that scrip on the Exchange. 2. SPOS shall be for duration of 60 minutes from 9:00am – 10:00am for scrips participating in that session and shall be followed by continuous trading session. 3. From the next trading day onwards, trading would be normal. 4. Only limit orders will be permitted during the special pre-open session and Market orders will not be accepted. 5. For IPOs of Issue size greater than Rs.250 cr - during pre-open session, there would no Price Bands. But,

MCX or Multi Commodity Exchange of India, the country's largest commodity exchange, is coming out with an IPO of 6 million shares of Rs.10 each in the price band of Rs.860-1032 next week. After long period of time, an IPO of this size and stature has hit the market, which is unique of its own. This is the first ever IPO by an exchange in the country and the issue has been given highest grade of 5/5 by the rating agency Crisil. Issue Detail: Issue Open: Feb 22 - Feb 24, 2012. Issue Size: 6,427,378 Equity Shares of Rs. 10. Issue Price: Rs.860-Rs.1032. Listing At: BSE, NSE. The promoter of the company is Financial Technologies , which is a leader in offering trading solutions like ODIN and other similar products. Globally, MCX is the fifth largest commodity exchange, which holds top two positions in gold and silver segments and  higher positions in other commodities as well. The EPS for the reported year 2011 stands at Rs.34.5 and the book value at Rs.210.  The company had recorded Rs

200 DMA or the 200 Day (Simple) Moving Average, is an important indicator in technical analysis. The 200 DMA is a long term moving average that helps determine overall strength of an index or a stock. The 200 DMA is generally used as a trend following indicator, which do not predicts market direction, but rather gives an idea about the current direction. Moving average is a lagging indicator, since it is based on past prices of an index or a particular stock. An index that is trading below its 200 DMA is considered to be in a long term downtrend and when it is above, it is in an uptrend. Whenever the index or a stock trades near these averages, they attract support in a bull market and finds resistance in a bear market. Currently, the 200 DMA of Nifty is around 5200 and the index has closed around this level of 5200. What does this indicate ? Is the market heading higher or is it going to correct after good run in the past few weeks? As said earlier during bearish phases, the 200 DMA f