Muhurat Trading 2023: Everything You Need To Know🪔
Diwali, the Festival of Lights, is more than just fireworks and tasty treats. It’s a special time when we celebrate the victory of light over darkness, knowledge over not knowing, and good over evil.
Like any major festival, Diwali comes with its own set of beliefs and traditions. One of these traditions is Muhurat Trading, and we’re here to break it down for you in a personal and friendly way.
What Is Muhurat Trading?
Let’s start with the basics. Muhurat means an auspicious time. In Hindu customs, it’s a time when the planets align just right, bringing good vibes and positive outcomes. Muhurat Trading is a unique tradition among Indian traders. It’s a one-hour window on Diwali day when buying and selling stocks is believed to bring prosperity.
A Little History
The tradition of Muhurat Trading goes back to when stockbrokers would mark the beginning of their financial year on Diwali. They’d open new accounts for their clients during this auspicious time, which was called Muhurat. Traders would also perform Chopda Pujan, a ritual to worship their account books on Diwali.
In the past, some traders believed that money should not enter their homes on Diwali, so they’d sell stocks. On the other hand, others thought it was a great time to buy shares, and the tradition continued.
Today, it’s more about believing that the Muhurat period is auspicious. Many Hindu investors pray to Goddess Lakshmi and invest in fundamentally strong companies for long-term returns.
What Happens in Muhurat Trading?
On Diwali, both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) opens for trading for a limited time. The session includes:
- Pre-Open Session: Where two parties agree on a stock price.
- Opening Price Determination: The stock exchange decides the opening price.
- Muhurat Trading: The special one-hour trading session.
- Special Session: For trading illiquid securities.
- Market Close: The session ends, and final prices are fixed.
Muhurat Trading Timings 2023
This year, Muhurat Trading will take place on November 12, 2023. The schedule is as follows:
| Pre-Open Session | 6:00 PM – 6:08 PM IST |
| Muhurat Trading | 6:15 PM – 7:15 PM IST |
| Post-Close Session | 7:30 PM – 7:38 PM IST |
| Market Close | 7:40 PM IST |
Who Can Benefit?
Muhurat Trading is an excellent time for both investors and traders. The market is usually bullish during this period because of the festive spirit. This makes it a good time for beginners to start investing. If you’ve never invested in stocks before, Diwali can be your lucky day to begin.
Since many trade as a symbolic gesture, the focus may be more than just profitability. Seasoned traders can take advantage of the situation by making smart moves.
What to Keep in Mind
Before you dive into Muhurat Trading, here are some things to remember:
- This period is considered auspicious for investing.
- Any open positions at the end of the session will need to be settled.
- Be cautious about market volatility and pay attention to support and resistance levels.
- Stick to the fundamentals of a company if you plan to invest for the long term.
- Choose stocks with good trading volumes to profit from the volatility.
- Remember that investing during Muhurat Trading doesn’t guarantee returns.
In the end, Muhurat Trading is a special tradition that adds a touch of festivity to the stock market. It’s a time to invest, celebrate, and hope for a prosperous year. Happy investing and a happy Diwali! 🪔
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