Muhurat Trading signifies a very auspicious moment for all of the stock broking & traders community in India. For the traders in India, the new financial year begins with Deepawali. For traders, Deepawali signify the beginning of new year. “A coin” – which signifies wealth in Indian Mythology, is placed on the account books before the puja is done. Stock brokers and traders perform ‘Lakshmi Puja’ at the exchange and the customary Muhurat trading takes place on specified time as declared by Exchanges. It is believed that on the night of Lakshmi Puja, the Goddess resides at the place of the puja being done.
BSE Ltd and the National Stock Exchange (NSE) informed that they will conduct a special Muhurat trading session on Thursday, 19 October 2017. The Muhurat trading, marks Diwali, will be held between 6.30pm and 7.30pm, the stock exchanges said. The pre-opening session will start at 6.15pm and will last for 8 minutes till 6.23pm. It will be a total of 60 minutes duration.
Stock Broker Guidance on Muhurat Trading
With some leading financial app offering guidance like “pathaka stock” for future we need to look into fundamental as always. For traders the story remains as usual though. Top investors from history emphasizes on “selling on too much of optimism and, buying on too much of pessimism.” But for those who trade on daily basis its their expertise, trading ideas and astute decision making will help them make profit.
Tomorrow i.e. 19th Oct 2017, on Muhurat trading day take hold of the stocks which are good from long term perspective. Many firms provides recommendations to buy and sell on this day. One can refer the same if they are new to the trading in stock market. But always do your proper stock analysis and trade in the stocks which are technically and fundamentally strong.
As we make resolutions on the New Year, like wise we should make some good change (resolutions) in our habits as a trader or as an investor so we remain in profit. As Benjamin Graham says we should always control our emotions while decision making, we need to stick to it.
Muhurat Trading performance Analysis
Muhurat Trading had seen significant upside on about 85% occasions when we look into the history. So go ahead and try your luck/skill on this Muhurat Trading. Recently, the economic data analysis has shown a dose of good news since the middle of last week, making it one of the best times for the Indian economy in several months.
Stock Market during Muhurat Trading
A series of economic data revealed yesterday i.e. 17th Oct 2017 (Dhanteras), is indicating towards one of the best times ahead for Indian Economy. Cooling inflation numbers, increased exports and better factory output is pointing towards a pleasing shift in economic climate. The economy seems defying the aftershocks of demonetization and implementation of GST. The trend looks like is indicating towards a long bull run and the present one to continue without any major set back. The CPI and WPI which at one point of time were trading into dangerous territory since three months receded in comfortable zone. The food prices also followed the trend and contributed a lot in reducing the inflation.
In total, the overall economy looks comfortable and this MUHURAT TRADING looks like will not surprise us with any odd event.