God of wealth KUBER CALLING! Want to become money bull of stock markets to earn big moolah? DO THIS
It goes without saying that endless number of people are willing to break into stock trading to rake in big moolah from the share bazaar but they remain hesitant and confused about when to start.
It goes without saying that endless number of people are willing to break into stock trading to rake in big moolah from the share bazaar but they remain hesitant and confused about when to start. If you are among those people, then this article will become a gamechanger for your financial life.
If you want to enter the stock market to become a big bull, here is the right time - Muhurat trading!
For an hour every Diwali, stock market trading activity picks up rapidly. It is also a time when the usual ‘dry’ surroundings of stock brokerage offices have a festive air about them. After all, it is the day of Muhurat trading and everyone wants to become rich. Kuber, the deity of wealth, is paid homage to and the trading community celebrates the beginning of ‘Samvat’ or New Year.
Muhurat trading: What it is? Why it's done? What is its significance?
Muhurat trading is a ritual that has been ongoing since trading started on BSE in 1957 and on NSE in 1992. It is mostly held during a non-scheduled trading hour, and is announced by the stock market to notify traders and investors of the non-scheduled trading hour. This year, the pre opening session will be from 6:00 to 6:08pm while the trading will be held from 6:15 to 7:15pm on Oct’27th 2019.
Prosperity and wealth
It is believed that Muhurat trading brings prosperity and wealth. This particular auspicious time is believed to ward off the evil of losses, and as the old account books are closed to open new ones, the people of Dalal Street want to steer clear of these spirits. Family members of stock brokers join in the festivities in the office, and it is a moment of great excitement when the first token order, usually a buy is placed, says Prabhakar Tiwari, CMO, Angel Broking Ltd.
It is said that newbies who want to begin their investment journey should ideally start on the Muhurat hour. Prices are less volatile, and people are mostly buying, so there are only a few people looking to make a killing. Moreover, for new investors and stock traders, observing the muhurat session is important as the price trends give a good account of what’s happening nationally and globally, adds Tiwari.
Essentially, the day is an occasion of celebration and joyous fervor for the stock broking community. Investors may buy stocks for children, which are sometimes held for a long long time. As it is said, well begun is half done, and starting of one's stock broking journey on this day guarantees you divine blessings. However, not sentiment, but sanity and acute observation, as well as a little bit of luck, is needed to ace the stock broking world, and Muhurat day is a good start.
So, gear up for Muhurat trading to make a grand entry into stock markets!
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