Muhurat trading is the auspicious time of the year when traders and investors look forward to doing trading. The victory of good over evil is celebrated as Diwali in India. That is also the reason goddesses such as Laxmi and Kali worshiped across India with lights, firecrackers enlightened lamps candles, and sweets on that specific day. Diwali also marks a new account year for the persons who are associated with any kind of business. That is why NSE or National Stock Exchange opens the stock market for trading. A special 1-hour time period from 6.15 pm to 7.15 pm every year. This period of time mark as the muhurat trading. Let us discuss the Muhurat Trading Picks 2021 in this post.
FAQ about Muhurat Trading
During Diwali, the NSE and BSE set up a trading session window. The trading session begins to mark the beginning of the Hindu new year. Samvat is the name for the new year.
During Muhurat trading, stock movement is likewise minimal. As a result, there is no significant index change during Muhurat trading. There is some intraday trade, but it is not big. Depending on the business environment, the index may close higher or lower.
Yes, equity commodity trading con be done during this time period. Not only that Equity F&O, Currency F&O all kinds of share related trading can be done during this time period.
The upcoming muhurat will be on 4th November 2021. It will start from 6.15 pm to 7.15 pm.
What is Muhurat Trading?
The Muhurat is a term that refers to a specific time. Diwali also denotes the Hindu new year in some parts of India. So, muhurat trading suggests a fresh start during the Diwali festival. During Diwali, we begin a new business year, as the name suggests. Diwali marks the beginning of a new business year for the Indian business community. That is why the Indian trading authority provides a special time period to the traders and investors for trading purposes. The notion to start trading for a limited hour comes from the NSE, India’s major stock exchange. During the evening, that is why muhurat trading starts at that time. So that everyone wholeheartedly celebrates this occasion.
The brokers of Dalal street also says that the person who buys stocks during the time of muhurat trading should sell those stocks rather they should pass on those stock to the next generation. That is how prosperity comes generation by generation.
Market Time Table for this Auspicious Day
- Pre-opening of market =6.00pm to 6.08pm
- Block Deal timings = 5.45pm to 6.00pm
- Normal market timing = 6.15pm to 7.15pm
- Call Auction Illiquid session = 6.20 pm to 7.05 pm
- Clossing time =7.25 pm to 7.35 pm
Top Muhurat Trading Picks 2021
During this special period of time investors keenly wait for the most potential stocks to invest in. On the other hand, the traders also wait to generate profit as much as possible. As most of the traders eagerly wait during that time to trade in that one-hour time period some down trading stocks started going upwards. That is why the market becomes very volatile during that time. So it is very important to invest wisely to gain profit and profit only.
In the following, I have presented the best broker house with their muhurat trading picks 2021. So that it would help you to generate profit. The broker house and their recommendations are,
1) Muhurat Trading Picks 2021 by Reliance Securities
i. Ashok Leyland:
Suggested to Buy. Target price 170.
The broking firm anticipates a solid double-digit increase in volume. It forecasts the company’s market share to remain constant, with an EBIDTA margin of 10.8% also. Given that the worst of the present down-cycle for the M&HCV industry and Ashok Leyland appears to be over. The company expects that an upcycle in FY22 and FY23 would bring back substantial earnings growth and valuation expansion also. That would result in a sharp upside from current levels.
ii. Gujrat Gas:
Suggested to Buy. Targeted price 967.
With a growing preference for gas over other alternative such as fuels and the relative pricing advantage of gas over alternative fuels. A broking firm forecasts a 16 percent volume in CAGR. It expects the company’s earnings to grow at a 23 percent compound annual growth rate also. Not only its ROCE is predicted to increase by 254bsp to 30.8 percent, but it also has the potential to become India’s first USD 10 billion CGD firm.
iii. HCL Technologies:
Suggested to Buy. Target price 1480.
Reliance Securities expects the company to post a large revenue recovery over the next three years, powered by consistent transformative deal wins as well as multi-decade experience in IMS/cloud services offerings, and a growing percentage of Mode 2 business.
Some other top recommendations by Reliance Securities are
- Infosys: Suggested to buy; target price is 2021 rupees.
- Kalpataru Power : Suggested to buy and the target price is 678 rupees.
- Larsen & Toubro: Suggested to buy and the target price is 2303 rupees.
- Nippon Life India AMC: Suggested to buy and target price is526 rupees.
- RK Forgings: Suggested to buy and target price is 1700rupees.
- UltraTech Cement: Suggested to buy and target price is 9400 rupees.
- Varun Baverages: Suggested to buy and target price is 1141 rupees.
2) Muhurat Trading Picks 2021 by HDFC Securities
i. Orient Cement Ltd:
- Protensial upside 20.50%,
- CMP 178.90
- Target price 214
- Stoploss should be 158.
ii. Indian bank
- Protensial upside 20.86%
- CMP 173.05
- Target price 210
- Stoploss should be 155.5
iii. IDBI Bank Ltd
- Protensial upside 16.91%,
- CMP 55.85
- Target price 65
- Stoploss should be 48.
iv. Oberoi Realty Ltd
- Protensial upside 4.41%
- CMP 1034
- Target price 1080
- Stoploss should be 887
v. Orient Electric Ltd
- Protensial upside 17.35%
- CMP 377.05
- Target price 440
- Stoploss should be 320.
vi. Piramal Enterprise Ltd
- Protensial upside 17.13%,
- CMP 2713.50
- Target price 3180
- Stoploss should be 253.
vii. Sobha Ltd
- Protensial upside 4.45%,
- CMP 926
- Target price 980
- Stoploss should be 740
viii. Dishman Carbogen Amcis Ltd
- Protensial upside 11.27%,
- CMP 213
- Target price 237
- Stoploss should be 194
I hope my readers have a clear view about the most profitable stocks to invest in and also make this muhurat trading most profitable possible.