Diwali Muhurat trading is a one-hour, auspicious session held on the day of Diwali, believed to bring prosperity to traders and investors alike. During the Diwali Muhurat trading session tomorrow, market volumes often surge as participants seek symbolic buys in quality stocks. This year, technical analysts have identified Bajaj Auto as a prime candidate for delivering festive gains.
Why Focus on Bajaj Auto
Bajaj Auto has formed a solid base above its 200-day moving average, confirming strong long-term support. Recent price action shows a golden crossover where the 50-day moving average crossed above the 200-day, signaling the onset of a bullish trend. For Diwali Muhurat trading, this bullish setup suggests a high probability of upside movement toward ₹11,000, with immediate support at ₹8,250.
Technical Levels and Entry Strategy
For traders participating in Diwali Muhurat trading, consider an entry near ₹9,000–₹9,100, with a target of ₹11,000 and a stop loss at ₹8,250. The 14-day RSI is above 60, indicating positive momentum without being overbought. A breakout confirmation above the immediate resistance at ₹9,200 adds further conviction for bullish positions.
Entry and Exit Points
- Entry: ₹9,000–₹9,100
- Target: ₹11,000
- Stop Loss: ₹8,250
Risk Management in Muhurat Trading
Even though Diwali Muhurat trading sessions often display bullish bias, volatility can spike due to the limited one-hour window. Protect capital by strictly adhering to stop losses and position sizing. Ensure exposure does not exceed 5% of trading capital in a single trade to manage risks effectively during the Diwali Muhurat trading session.
Complementary Festive Trading Tips
- Confirm market breadth before initiating positions in Diwali Muhurat trading.
- Monitor sectoral performance; auto and banking stocks often lead in festive rallies.
- Avoid emotional trades—stick to technical setups and risk parameters.
Standard Disclaimer
This article is for educational purposes only and does not constitute financial advice. Trading involves risk and you should conduct your own research or consult a financial advisor before making any trading decisions.
#DiwaliMuhuratTrading #BajajAuto #StockMarketToday