Today on Diwali day the stock markets will open only for Muhurat Trading.
These are the timings:
5.30 pm to 6.45 pm – Equity & F&O (NSE, BSE, MCX-SX)
5.45 pm to 7.45 pm – Commodity (MCX)
Intraday positions will get automatically squared up around 6.30 pm.
Why You Should Not Trade on Muhurat Trading
My sincere advice is please do not trade on Muhurat Trading. You have just one hour and at least Intraday it does not makes sense. Plus people celebrating the occasion have a lot of things lined up for the evening – Lighting Diyas, Laxmi Puja and Burning Crackers. And of course lovely food. 😛 Obviously your minds will be there and you will not be able to trade peacefully.
So its better do not even open the trading app or your TV to look at whats happening in the markets.
But I know there are some people who will do some trade on this day as they feel its auspicious to do trading on Diwali day.
Well when investments are concerned its your knowledge that brings returns not the day or time when you are trading.
Muhurat Trading Tip 2015
Still if you are forced to trade then I would suggest start buying Sun Pharmaceutical Industries Ltd in stages like some today, some after a decline of 10% and some after a decline of 20% from here. Its looking very strong at 726.00. Its now at 52 week low as well. A very strong company. Though it is having some issues right now, they are short term and the stock will recover very fast when the management will solve those issues. The stock should give you good returns within a few months – but please do not invest a lot, and, invest in stages. If the stock goes down 10% more from here buy more. Or if the stock goes up 10-12% sell and book your profits.
Note: The stock gave a return of 10% in 45 days and I emailed my subscribers on December 28, 2015 to exit the stock when it closed at 790.85. Next day the stock opened over 801 for trading and my subscribers made a profit of more than 10% in 45 days. Please note that the profits may have come earlier, but stock markets investing should be done with proper research and proper money management rules must be followed.
Another good stock is HDFC Bank Ltd. Its looking very strong at 1050 levels. A very strong company – actually an evergreen company and a heavy weight stock. Please note that there can be issues with this company in future like NPA (Non-performing asset is defined as a credit facility in respect of which the interest and/or installment of Bond finance principal has remained ‘past due’ for a specified period of time. NPA is used by financial institutions that refer to loans that are in jeopardy of default the so called NPL), bad loans (loans that cannot be recovered), some management issues etc, but I am sure with time this stock will prove to be a great stock to invest therefore invest in stages not at one go.
Update on 07-Nov-2018 (Diwali Day) – Let us see how this stock has performed over the last three years:
Closed at 1946.55 on 6-Nov-2018 – this is a return of ((1947-1050)/1050)*100 = 85.43% in just three years.
Hope you made good money in this stock. 🙂
Here is Wishing You All and Your Family A Very Happy Diwali 2015, and a Prosperous New Year.
Disclaimer: Stock market investment is subject to market risk so please do through research yourself before investing in any stock even if the recommendation is coming from me or anyone else. This investment is proposed for a long term and not short term, therefore please invest with the money which you will not need for at least 1 year.
Here are some of the Happy Diwali 2015 Wishes from my customers. Thank You so Much for believing in me and wishing me. I hope your next Diwali is even brighter. (Please note that the signal is missing in images because my mobile got corrupted and these are snapshot from my mobile with a non-working SIM. I had changed my mobile by then.)
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Dilip Shaw, Founder
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