Nifty Movement on Muhurat Trading Day

By | November 7, 2018 9:19 am
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Wishing all readers a Very Happy Diwali and Prosperous New Year.

 

 

The “muhurat” trading session will be conducted for 60 minutes on 07 Nov 2018, on leading bourses NSE and BSE, to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. It would also mark the New Year for traders as per the Hindu calendar, or Samwat 2075. Muhurat Trading session: Vows Traders should make to avoid loss

 

Timing for Muhurat trading

According to NSE, BSE circulars with respect to Diwali Muhurat trading in equity segment, block deal session will be held from 5:00 pm to 5:15 pm and pre-open session will be conducted from 5:15 pm to 5:23 pm. Normal stock market will open at 5:30 pm and will close at 6:40 pm followed by a post closing cooling period of 10 minutes from 6:40 pm to 6:50 pm. In the pre-open session, the order entry period will be from 5:15 pm to 5:23 pm while order matching and determination of equilibrium prices will take place from 5:23 pm to 5:30 pm.
Diwali Muhurat trading with regard to equity derivatives segment (F&O) and commodity derivatives, trading on both BSE and NSE will be facilitated for an hour between 5:30 pm and 6:30 pm which will be followed by a set up cut off time for determining position limit / collateral value up until 6:45 pm.

Nifty Movement on Muhurat Trading Day

Nifty opens with Gap up and closes lower for the day on Muhurat Trading day and same has happened in past 9 years. Also Nifty made a Top on 2013 on Muhurat trading day. So Todays High and low will be crucial as they might remains a short term top or Bottom for next few days. Nifty need to breach and close above 10610 for new round of rally to start, Any break of 10477 can see quick fall till 10410/10370/10310.

 

 

Category: Muhurat trading

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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