Things need Keep in Mind Before Muhurat Trading

BY STAFF REPORTER: Before you dive into buying or selling stocks during the  Muhurat Trading, there are several critical factors to consider. This one-hour trading window, set for November 1, 2024, is traditionally seen as a lucky time to start investments. However, it's crucial to remember that any positions left open when the session ends will need to be settled.

The market can be unpredictable and might move in unexpected directions during this time. It's essential for traders to monitor the resistance and support levels closely to make informed decisions. Additionally, despite the excitement, sticking to a company's fundamentals is advisable for those looking to invest in the long term. Rumors can quickly spread, so it's best to invest according to your plan and what you're comfortable risking.

Remember, the high volatility offers a chance to profit, but choosing stocks with significant trading volumes is wise since the session lasts only an hour. Investing during Muhurat Trading doesn't automatically mean you'll see returns; a stock's future performance will rely on its basics and broader economic factors. So, invest wisely, keeping these points in mind.