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Date and Time
Muhurat trading in 2023 will be held on Sunday, November 12, from 6:15 pm to 7:15 pm IST. This includes a 15-minute pre-market session.
Significance
Muhurat trading is a symbolic trading session that takes place on Diwali, the Hindu festival of lights. It is considered to be an auspicious time to start new ventures and investments. Many investors believe that buying stocks during Muhurat trading can bring prosperity and wealth in the new Samvat year.
History
Muhurat trading has been a tradition on the Indian stock exchanges for over six decades. It is said to have started in the 1950s, when a few brokers decided to trade on Diwali to mark the beginning of the new Samvat year. Over the years, Muhurat trading has become a popular event among investors, and it is now one of the most active trading days of the year.
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Strategies
If you are planning to participate in Muhurat trading 2023, here are a few strategies to keep in mind:
- Do your research: Before you buy any stocks, it is important to do your research and understand the company’s fundamentals. This will help you to make informed investment decisions.
- Have a plan: Decide how much money you are willing to invest and which stocks you want to buy. This will help you to stay disciplined and avoid making impulsive decisions.
- Be patient: Muhurat trading is a short session, so it is important to be patient and wait for the right opportunities to arise. Do not rush into any trades.
- Be prepared to book profits: If you make a profit on a stock during Muhurat trading, be prepared to book it. This is because the market is volatile and prices can change quickly.
Here are some additional tips for Muhurat trading:
- Avoid trading in penny stocks or stocks with high volatility.
- Focus on blue-chip stocks with strong fundamentals.
- Set realistic profit targets and stop-loss levels.
- Do not overtrade.
- Enjoy the experience! Muhurat trading is a unique and auspicious occasion.
Stocks to Consider for Muhurat Trading 2023
Here are a few stocks that you may want to consider for Muhurat trading 2023:
- Large-cap stocks: Reliance Industries, HDFC Bank, Infosys, TCS, and ICICI Bank.
- Mid-cap stocks: HDFC Life Insurance, Kotak Mahindra Bank, Bajaj Finance, SBI Life Insurance, and Maruti Suzuki.
- Small-cap stocks: Dixon Technologies, Affle Holdings, Polycab India, Astral, and Avenue Supermarts.
Conclusion
Muhurat trading is a popular event among investors in India. It is considered to be an auspicious time to start new ventures and investments. If you are planning to participate in Muhurat trading 2023, it is important to do your research, have a plan, be patient, and be prepared to book profits. You should also focus on blue-chip stocks with strong fundamentals.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Please do your own research before making any investment decisions.
Resources:
Web links for various Stock Exchanges in India
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