By Malvika Gurung
Investing.com -- A special trading session, the Muhurat trading, held every year after Lakshmi Puja on Diwali will start from 6.15 pm on November 4 for a window of one hour and end at 7.15 pm. Lakshmi Puja before the block deal session commenced at 4:45 pm and investors have lined up for the pre-booking session, which is to begin at 6 pm and last until 6:15 pm.
Sensex surged 850 points to 60,638 on Thursday during the Muhurat trading session, while Nifty climbed 105.85 points to 17,935.
Marked as an auspicious event, analysts expect the market to be bullish during the Muhurat trading session, backed by global market performances and Nifty 50 Futures index trading 0.41% higher at 5:55 pm.
Investors are advised to buy value-based stocks, to avail good long-term returns, during the window session.
The Index has support at 17,600 levels, a sustained above the same can show upside momentum while crossing above 18,030-18,050 levels can show upside movement with fresh buying position, states the Mumbai-based ChoiceBroking.
Analysts have recommended over 60 stocks to buy during the customary 1-hour session, some of which are Bharat Petroleum (NS: BPCL ), Federal Bank (NS: FED ), UPL (NS: UPLL ), Aarti Industries (NS: ARTI ), Divi's Laboratories, HDFC (NS: HDFC ), PVR (NS: PVRL ), SBI (NS: SBI ), L&T (NS: LART ), and Hindustan Unilever (NS: HLL ), among others.
While intraday trading is allowed, experts only ‘seasoned’ investors to indulge in intraday trading, as the trading window is extremely short and the market volatile.
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