How Muhurat Trading Works
It is that time when you are nudged to start something new. The festive season brings auspicious moments that you hope will benefit you in the future. If you are into investing, you probably know about Muhurat Trading. During Diwali, traders and investors worship their account books and execute trades to make a new beginning. Stock exchanges open for trade in the evening for Laxmi Puja during Diwali. Goddess Laxmi is the deity for wealth and prosperity for Hindus. It is also the start of the new financial year in the Hindu calendar and is considered auspicious.
The Best Way To Get Ready For Muhurat Trading
Don't know how to trade mahurats but want to? Use the following advice to get ready to take part in this year's mahurat trade.
List the shares you want to buy before the spot trading begins in the evening. Since the trading session is only an hour long, you should plan your trades. Some of you could buy stocks to hold for a long time. So, list the equities you want to trade for the fortunate Diwali hour.
Do Your Research
When you are ready and have a list of stocks, look at the technical indicators to see how the prices are trending. Based on previous data and market momentum, you can decide when it is the optimum time to trade those stocks.
If you are a trader, you must monitor the resistance and support levels. Due to the low participation of institutional investors, trading volume is usually low. Share prices can get volatile. As a result, if you know the resistance and support levels of significant shares or indices, you can make an informed trade choice.
How Can You Benefit From Samvat Trading?
There is an air of optimism during the Muhurat Trading session. Very few 'sell' trades are executed. People tend to buy and keep fundamentally strong companies during the auspicious period. If you are a new investor or a trader, you can make a beginning to your stock market journey. It is the start of the new financial year.
Muhurat Trading is an excellent time to take a breather and evaluate your investment or trading strategy. If you have yet to start your stock market investment journey, that is perhaps the most auspicious time of the year. You need to approach Muhurat Trading with clarity of thought and awareness. Enjoy Diwali, and have a prosperous new year!
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