Muhurat trading is the auspicious time of the year when traders and investors look forward to trading. The victory of good over evil is celebrated as Diwali in India. That is also the reason goddesses such as Laxmi and Kali were worshipped across India with lights, firecrackers enlightened lamps candles, and sweets on that specific day. Diwali also marks a new account year for persons associated with any kind of business. That is why the NSE or National Stock Exchange opens the stock market for trading. A special 1-hour time period from 6.00 pm to 7.00 pm every year. This period of time was marked by the muhurat trading. Let us discuss the Muhurat Trading Picks 2024 in this post.
FAQ about Muhurat Trading and Picks of 2024
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 of 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 can 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 1st November 2024. It will run from 6.00 pm to 7.00 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 for traders and investors for trading purposes. The notion to start trading for a limited hour comes from the NSE, India’s major stock exchange. That is why muhurat trading started in the evening. So that everyone wholeheartedly celebrates this occasion.
The brokers of Dalal Street also say that the person who buys stocks during the time of muhurat trading should sell those stocks rather they pass them on those stocks to the next generation. That is how prosperity comes generation by generation.
Why Muhurat Trading?
During Muhurat Trading, investors aim to bring prosperity by making timely investments in select stocks. The short trading session is steeped in tradition and offers a moment for reflecting on growth opportunities in the stock market. The concept of Samvat (a traditional Hindu calendar year) is followed, with this year being Samvat 2081. Experts and brokers alike assess the upcoming year to suggest stocks that promise long-term gains, stable returns, and growth potential.
Market Time Table for this Auspicious Day
Muhurat Trading will start from 6 PM on 01.11.2024. There will be a pre-open session from 05:45 PM to 05:59 PM. Regular trading will start at 6:00 PM. Trading will end at 7:00 PM. After 7:00, there will be trade modification and closing time which will be allowed till 7:10 PM.
Muhurat Trading Picks 2024
The festive season is a special time in India, and for those involved in the stock market, it brings a unique opportunity: Muhurat Trading. This one-hour trading session on Diwali is considered auspicious for making investments, often signalling the beginning of a new financial journey. Muhurat Trading Picks have gained popularity as brokers and experts analyze the market to present the best stocks to buy in 2024. In this post, we’ll dive into recommendations from some of India’s top brokerage firms and financial experts, offering you insights into how you can make the most of this Diwali.
ICICI Securities’ Muhurat Trading Picks 2024
ICICI Securities, a leading brokerage firm, has put forth a selection of stocks for Muhurat Trading in 2024. This brokerage has highlighted stocks across sectors that show strong growth potential, particularly over the next few years.
ICICI Securities’ Stock Recommendations
1. Sansera Engineering
- Buying Range: ₹1,490-1,590
- Target Price: ₹2,000
- Upside Potential: 27%
- Investment Rationale: Sansera Engineering is a prominent auto component manufacturer with a diversified portfolio extending into aerospace and EV segments. ICICI Securities predicts significant growth due to the company’s ongoing expansion into global markets and its high-tech offerings in the electric vehicle sector.
2. PCBL (Phillips Carbon Black)
- Buying Range: ₹435-470
- Target Price: ₹600
- Upside Potential: 34%
- Investment Rationale: PCBL is India’s leading carbon black manufacturer, with a substantial footprint in the specialty carbon black sector. With new facilities and a steady increase in export demand, PCBL stands well-positioned for steady growth.
3. NCC Ltd.
- Buying Range: ₹275-300
- Target Price: ₹400
- Upside Potential: 40%
- Investment Rationale: A leading construction company, NCC’s extensive order book and projected revenue growth make it an attractive pick. Its diversification across sectors such as roads, water, and buildings further stabilizes its growth trajectory.
4. Tata Power
- Buying Range: ₹410-450
- Target Price: ₹530
- Upside Potential: 21%
- Investment Rationale: Tata Power’s strategic expansion into renewable energy is expected to fuel growth, with strong demand for green energy and rooftop solar initiatives in India. Its diversified presence across the power sector provides resilience in the face of market changes.
Each of these recommendations reflects ICICI Securities’ focus on quality companies with stable growth, solid fundamentals, and competitive market positioning. Investors looking for reliable long-term picks will find these recommendations particularly valuable.
5paisa’s Top Picks for Muhurat Trading 2024
5paisa, a discount brokerage with a strong following in India, has curated a set of stocks geared for Muhurat Trading 2024. Their focus is on stocks with technical support and growth potential, ideal for the upcoming Samvat.
5paisa’s Stock Picks
1. Reliance Industries
- Rationale: A household name in India, Reliance has diverse interests across telecom, retail, and digital services. Its ongoing expansion and aggressive investments in renewable energy present significant growth opportunities.
2. SBI (State Bank of India)
- Rationale: As one of India’s largest banks, SBI remains a solid investment with consistent growth in its loan portfolio, backed by strong public sector support.
3. Olectra Greentech
- Rationale: With India’s growing emphasis on electric vehicles, Olectra is positioned well to benefit from government initiatives in the EV sector. Its focus on electric buses and infrastructure offers robust potential for long-term growth.
5paisa’s recommendations serve investors looking for a mix of stability and growth, especially those interested in capitalizing on current sector trends like green energy and technology.
IIFL Securities’ Stock Recommendations
IIFL Securities has also weighed in on Muhurat Trading Picks, with a focus on fundamentally strong companies. Their stock picks cater to investors interested in sectors with predictable, steady demand and growth.
IIFL Securities’ Stock Picks
1. PNB Housing Finance
- Rationale: Housing finance remains a key growth sector in India. PNB Housing Finance has shown resilience and growth, positioning itself to benefit from increasing demand for housing loans.
2. Aurobindo Pharma
- Rationale: The pharma sector is always a safe bet, with Aurobindo Pharma showing promising growth in both domestic and international markets. Its robust product portfolio and research pipeline make it an ideal pick for steady returns.
3. Radico Khaitan
- Rationale: As one of India’s top liquor brands, Radico Khaitan has strong brand equity and distribution channels. The increasing demand for premium alcoholic beverages in India is expected to drive its growth.
IIFL’s picks focus on steady, recession-resistant industries that provide dependable returns, making them suitable for risk-averse investors.
Expert Tips for Maximizing Returns During Muhurat Trading
In addition to stock picks, there are several strategies that can help investors maximize their returns during Muhurat Trading:
1. Opt for Low-Volatility Strategies
Experts recommend strategies such as the butterfly options strategy for traders looking to leverage low volatility in the session. The butterfly approach allows investors to profit within a specific price range, minimizing risk.
2. Focus on Long-Term Potential
Muhurat Trading is often seen as the beginning of a new financial journey. By focusing on stocks with solid fundamentals, investors can ensure that their Diwali purchases yield gains over the years rather than just short-term returns.
3. Symbolic Purchases
Many traders make symbolic stock purchases during Muhurat Trading. Even if the investments are small, the gesture can help reinforce a commitment to financial growth and learning.
These tips are especially valuable for newcomers who may feel overwhelmed by the pressure of making the “perfect” investment.
How to Approach Muhurat Trading as a New Investor
If you’re just getting started with stock market investments, Muhurat Trading is an ideal time to dive in. Here are some pointers to make the most out of this opportunity:
Start Small and Diversify
If you’re new to investing, start with a small amount to familiarize yourself with market dynamics. Choose stocks from different sectors to balance your risk.
Use StockManiacs Tools to Inform Your Decisions
Tools like the GANN Calculator and the Nifty Trend Finder on StockManiacs.net can help you analyze market trends. These tools provide data that can guide your investments, especially if you’re unsure where to start.
Learn from Experts and Brokers
The recommendations from ICICI Securities, 5paisa, and IIFL can offer a solid foundation. By analyzing their picks, you’ll start understanding what makes certain stocks stand out.
Open a Trading and Demat Account
Opening an account with a trusted broker, such as Zerodha, Angel One, or 5paisa, will enable you to participate in Muhurat Trading. As a partner to these brokers, StockManiacs offers free tools and guidance to those who open an account under our affiliation.
Closing Thoughts
Muhurat Trading is more than just an hour of trading; it’s a symbolic step towards financial growth. With the right picks and strategy, you can make this Diwali truly auspicious. We’ve covered recommendations from industry leaders like ICICI Securities, 5paisa, and IIFL, each bringing their own insights into the best stocks to buy this season. Whether you’re a seasoned trader or a new investor, these expert-backed picks can help you make informed choices.
This Diwali, take your first or next step in building a strong financial future. Embrace the tradition of Muhurat Trading with careful planning, guidance from experts, and tools like the ones offered at StockManiacs.net to keep you ahead in your investing journey.
Happy Diwali and prosperous trading!