The muhurat trading day is just a week away and it the right time for the last minute preparation. Count on us to help you warm up. Here are a few muhurat trading tips to have up your sleeve when the day comes.
Why is muhurat trading important?
Muhurat trading draws a lot of attention from traders and broker. Why? The Hindu accounting year begins on Diwali. For centuries, Indian traders are celebrating the day by worshipping Goddess Laxmi, the goddess of wealth and prosperity, and they believe carrying out token trading on this day ensures good business for the rest of the year.
Following that tradition, muhurat trading started in Indian exchanges. So, on this day, thousands of investor make customary trading, which they believe will mark the beginning of a profitable trading year. BSE is organizing muhurat trading for half a century now. The oldest stock market in India is performing muhurat trading since 1957. This year too muhurat trading will happen on the day of Diwali. The market will open for a special trading hour in the evening between 6:15 pm and 7:15 pm.
Here is the timeline for the day
The muhurat trading hour will open at 6:15 pm in both BSE and NSE. The session will last only for an hour.
|6:00 -6:08 pm
|5:45 -6:00 pm
|6:15 – 7:15 pm
|6:20 to 7:05 pm
|7:25 to 6:35 pm
All trades executed during the session would result in settlement obligations.
Diwali Muhurat Trading Tips
Diwali is an auspicious day to invest and trade, and hence, traders turn up in huge numbers to buy securities. Many believe the securities purchased on this day are for long-term investment. So, they would invest in securities with a strong performance record. This one hour window is considered auspicious, so you would have to react fast. Preparing in advance will you give you a headstart.
Then what should you do?
Follow the muhurat trading stock tips mentioned below.
Make the right plan and trade confidently. Whether you are first time trader or veteran investor, muhurat session is the best time to make a fresh beginning. If you are still unsure, take help from a financial advisor and embark on a journey of financial independence.
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