Wednesday, December 29, 2010

Mcx Free Commodity Trading Tips

Yesterday, the domestic commodity trading markets were closed with a mixed trend. At MCX future, 3 out of 4 indexes closed with an upward trend. In the commodity future, MCXCOMDEX closed at 3,256.62 after opening at 3,258.10, MCXAGRI closed at 2,731.26 after opening at 2,725.60, and MCX GOLD closed at 20,514.00 .

On the domestic front, Commodity  trading in sugar resumed on Monday with a positive note after a gap of 19 months as the country''s top two national exchanges Free Commodity Trading tips and NCDEX launched new contracts. At commodity future, Sugar MDEL for January contract closed at Rs 3,216.00, up by 5.44 per cent, Sugar MDEL for February contract closed at Rs 3,269.00, up by 5.11 per cent and Sugar MDEL for March contract closed at Rs 3,312.00, up by 4.48 per cent.

Market seems to be very dull and flat today also as wee seen in past couple of commodity trading sessions. Nifty almost closes flattish as compare to yesterdays closing. Today it closes at 5996 down by 0.04%. Nifty traded mainly in a very small range of 15 points between 5990-6005 almost throughout the day. No major movements seen in Nifty 50 stocks today.30 stocks advances and 20 stocks declines in CNX Nifty today.
CNX Reality shows some positive moves today and closes in green up by 0.44% . Only 4 counters in this pack makes positive closing and rest of 6 counters in red.Unitech shows some strength on closing and closed up above 2%.
The next index which gives moral support to Nifty today was CNX IT. This IT pack is continuing it move slowly and steadily .Today it closes in green and up by 0.31%. One counter Moserbaer  continues  its up movement today also  and closes strongly by increasing 9.24%.Today this counter gives  a good breakout above 59.25 and we may see this rally upto 68.So one can keep eye on it. 

While Patni closes down by 3%.  10 counters closes in green and 9 counters closes in red while HCL-Insys remains unchanged out of 20 counters in this pack. While  counters like Polaris(up 2.56%),FSL(up 1.89%), Hcl Tech(up 1.47%) and  Wipro(up 1.3%) gives some good support to this pack.

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