Dear Investors/Traders,We would request you to buy any good stock (may be for a small token amount) on the day of Mahurat trading on Oct 28th, it is the auspicious stock market trading for an hour on Diwali (Deepawali), the biggest festival for Hindus. Muhurat trading will be on Oct 28 for Samvat 2065. The market will open for trading at 1815 hrs and will close at 1915 hrs IST.
At 6.15 p.m on tuesday, when the whole nation will be celebrating the festival of lights with their families, with some flying off to distant lands on exotic vacations, there is one particular community that would still go to work.
A little known ritual known as mahurat trading, an integral part of the festivities, for those involved in the stock and share markets takes places every Diwali. For the trading community, Diwali assumes special significance. New account books are opened during the festive season. A little known ritual known as mahurat trading is an integral part of the festivities for those involved in the stock and share markets.
Dalal Street may witness the worst ever Diwali this time as the benchmark Sensex after plunging to nearly three-year low on Friday is likely to see further steep falls this week."In the current scenario everything is possible. With the current free fall in the market and the rate at which it is falling market can witness the 7,000-8,000 levels in another couple of months".
"There is sheer panic selling and frustration in the market. Nobody knows where is the end and when it will end. However, one thing is clear the bottom has not yet been established". There could may be slight recovery in the coming weeks, but only to be followed by further losses, adding that as long as the bailout does not come for the global economy as a whole, the concerns of recession would continue pulling domestic market down.
WISH YOU & YOUR FAMILY A VERY HAPPY AND PROSPEROUS DIWALI!!!
WE AT HBJ CAPITAL STRONGLY BELIEVE THAT BY NEXT DIWALI WE ALL WILL BE ENJOYING BULL MARKET AGAIN!!!
Good Luck!!!
-HBJ Capital Team
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