Diwali Muhurat Trading 2024: Unlocking Prosperity in Samvat 2081

Diwali, a time of new beginnings and prosperity, is celebrated in the Indian stock markets through the auspicious Muhurat Trading. This special trading session, scheduled for November 1, 2024, on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), offers investors a unique opportunity to partake in an hour of symbolic trading.

Muhurat Trading: An Auspicious Start for Samvat 2081

Muhurat Trading, a deep-rooted practice in the Indian financial market, signifies the onset of Samvat 2081 - the Hindu New Year. Historically conducted on Diwali, this session is regarded as an auspicious time for investments, aligning with the cultural belief that activities commenced during this period lead to prosperity and success.

Muhurat Trading 2024 – Timing & Schedule

This year, the BSE and NSE will host the Muhurat trading session on November 1 between 6-7 pm, right after a pre-open session from 5:45 PM to 6:00 PM. 

This special session allows trading across various segments, including equity, commodities, currency derivatives, and equity futures & options, along with securities lending and borrowing (SLB). 

Essential Tips for Participating in Muhurat Trading

Over the past decade, the Nifty 50 has posted positive outcomes in 8 of the last 10 Muhurat Trading sessions, adding to the belief that this period is beneficial for investing. However, here are some important considerations for a successful Muhurat Trading session:

• Monitor Market Volatility: It's important to closely watch resistance and support levels, as markets tend to be volatile during these sessions, often lacking a clear direction. As a day trader, focusing on these levels can guide more informed trading decisions.
• Choose Liquid Stocks for Short-Term Gains: If you're aiming to capitalize on the session's volatility, opt for high-volume stocks that allow for easy entry and exit within the one-hour trading window.
• Stick to Fundamentals: While the festive excitement can fuel rumours, remember to ground your long-term investments in solid fundamental analysis. Consider your investment goals, risk tolerance, and align with companies that demonstrate reliable growth prospects.
• Be Cautious, No Guaranteed Returns: Remember, investing during Muhurat Trading doesn't guarantee returns. A stock's performance on Diwali is not necessarily indicative of its future success, which depends on fundamental factors and broader macroeconomic conditions.

Diwali Picks 2024: 7 Stock Recommendations for Samvat 2081

Liquide has identified seven promising stocks across sectors spanning from pharma to telecom, that are expected to perform well in Samvat 2081. Each recommendation is grounded in strong fundamentals, sectoral trends, and key growth drivers.

If you haven't joined Liquide One yet, now's your chance! Download the Liquide App today and set yourself up for a prosperous Samvat 2081. Let’s make the most of new opportunities and work towards those goals with renewed energy.

From all of us at Liquide, wishing you and your family a joyful, successful, and truly Happy Diwali!