Diwali Muhurta Trading Strategy 2022: As major stock exchanges BSE and NSE gear up for an hour-long Muhurta trading session on Monday from 6:15 pm to 7:15 pm, stock market experts have advised new traders to be cautious as the session is highly volatile. expected to remain unstable. Stock market experts suggest intraday traders to maintain strict stop losses and know their critical levels while taking any positions. He further said that traders should look at the stocks of banking, IT, capital goods and manufacturing sectors as they may outperform Samvat 2079.
Diwali Muhurta Trading Strategies 2022
Expect high volatility during Muhurta Trading 2022 Sessions, Anuj Gupta, Vice President – Research at IIFL Securities said, “Global markets have been highly volatile over the past few sessions and today Muhurta is expected to impact the trading session. But, one must know the level of their pivot and decide on this. Strict stop loss should be maintained during the one hour trading session.
Unveiling the key levels ahead of the Muhurat trading session today, Rahul Sharma, Director, Head – Technical & Derivatives Research, JM Financial Services said, “Nifty is at a turning point at 17,600, above which we are looking at an aggressive target of 18,000. One can expect the price action to go up to 18,100 this week. Nifty futures have seen a long rise of around 12 per cent in the last two trading sessions, while Bank Nifty has seen a long rise of around 10 per cent. Generally, when Even if we see such an increase, the markets move in a decisive way. The position sizing guide recommends going large as a good momentum is expected above 17,600.”
Speaking ahead of Muhurta Trading 2022, Nilesh Shah, Group President and MD, Kotak Mahindra Asset Management Company, said, “Samvat 2079 is likely to be like Diwali. Celebrations will be accompanied by loud bursting of firecrackers. Ukraine, US Fed Rate, Oil China’s inflation and zero Kovid policy will continue to be exposed. He said that in Samvat 2079, there is a possibility of better performance from the market of banks, capital goods, manufacturing. Also, Tech and Pharma reforms will provide interesting opportunities on a bottom up basis.
Muhurat trading has made Diwali a happy one in the last 11 out of 15 sessions
Hoping for a positive response from investors in Muhurta Trading 2022, Upside AI Co-Founder Kanika Agarwal said that though 11 out of the last 15 Muhurta sessions have closed in the green, so Muhurta could be a good day for traders . Perhaps there is a case for “hope arbitrage” where you can go very early in the session and close out positions at the end of the trade.
Will buy trading shares of Deepawali Muhurta today
Anuj Gupta of IIFL Securities said on Diwali 2022 Stock Picks that intraday traders can buy shares of Suzlon Energy and Electronics Mart India. He said shares of Electronics Mart can be bought on CMP maintain stop loss at 102 80 while Suzlon Energy shares can be bought on CMP 11 Maintaining a Stop Loss on the Target 6.50 per. Anuj Gupta further said that long term traders can look at shares of Federal Bank, Indian Hotels Company, Renuka Sugars, DLF and Coal India as these stocks can double the shareholders money by Diwali 2023.
On Muhurat trading shares to buy today, Ravi Singhal, CEO, GCL said, “One can buy Kotak Mahindra Bank for target Maintaining Stop Loss at 940 1870 each level. Similarly, shares of Punjab National Bank can be bought on CMP Maintaining Stop Loss at 44 per share target 38.50 each level.”
On Muhurta trading stocks to buy today, Rahul Sharma of JM Financial Services said, “We have compiled a list of stocks for Muhurta trading that can be bought. They are: Ambuja Cement, Axis Bank, Bajaj Finance, Deepak Nitrite, HDFC Bank, India Cements, Infosys, ITC, KPIT Tech, L&T, Reliance and Tata Chemicals.”
Jayesh Bhanushali, Lead – Research, IIFL Securities on Large-cap Banking stocks said, “ICICI Bank and State Bank of India (SBI) stocks can be a good bet in the bullish Muhurta Trading 2022 session. One can Buy ICICI Bank Shares on CMP 980 target while SBI share price is . can go up to 620 each level.”
Muhurta Trading 2022: Timings, Other Details
BSE and NSE have announced that the Muhurta trading session 2022 will start at 6:15 PM and will end at 7:15 PM. Muhurta Trading 2022 will take place in different sectors like Equity, Commodity Derivatives, Currency Derivatives, Equity Futures & Options, and Securities Lending and Borrowing (SLB) in the same time slot. It is believed that doing business during ‘Muhurta’ or auspicious time brings prosperity and financial growth for the stakeholders.
(with inputs from PTI)
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.