Muhurat trading is an hour-long session on Diwali, considered pious and auspicious for investing in shares. It is believed to bring prosperity to families throughout the year.
This year, Muhurat trading will take place on Friday, November 1, 2024. The session will run from 6 pm to 7 pm, with pre-open trade from 5.45 pm to 6 pm.
Both experienced and new traders can benefit from the high trading volumes and bullish market sentiment typical during this festive trading session.
Stockbrokers traditionally start their new year on Diwali. They perform rituals like Chopda Pujan, highlighting the cultural importance of investments during this time.
Traders should be mindful of market volatility during the one-hour session and focus on resistance and support levels to make informed decisions.