Hey everyone! As Diwali, the festival of lights, approaches, so does the revered tradition of Muhurat Trading. This unique one-hour trading session, held on Lakshmi Pujan day, is considered an auspicious start to the new financial year.
What is Muhurat Trading?
Muhurat Trading is a symbolic gesture of invoking blessings from Goddess Lakshmi, the goddess of wealth and prosperity. It’s also seen as an opportunity to start the new Samvat year on an auspicious note.
Key Takeaways:
Date and Time: Sunday, November 12, 2023, from 6:15 PM to 7:15 PM IST
Significance: Muhurat Trading marks the beginning of the new Samvat year, seeking blessings for prosperity and wealth.
History: The tradition dates back to 1957, initiated by the Bombay Stock Exchange.
Segments: Muhurat Trading consists of block deal, pre-opening, main trading, call auction, and closing sessions.
Performance: Historical data suggests favorable outcomes in the BSE Sensex during previous Muhurat Trading sessions.
Tips for Muhurat Trading:
- Do your research: Before investing, research potential stocks and understand their fundamentals.
- Avoid emotional trading: Make informed decisions based on facts, not emotions.
- Stick to your investment plan: Don’t deviate from your long-term investment goals.
- Manage your risk: Diversify your portfolio and set stop-loss orders to limit potential losses.
To learn more about it’s history, check out this article below:
NOTE: Remember, Muhurat trading is a symbolic gesture, not a guarantee of wealth creation. Invest wisely and with a long-term perspective.
Happy Trading!