Indian bourses are strong now. Market witnessed rally ahead of Diwali. It is believed that muhurat trading (one hour trading during Diwali) will decide the fate of the market. The great Indian bull Rakesh Jhunjhunwala predicted that market will reach at it's peak at the beginning of next year. It is the opportune time to buy under valued stocks. On muhurat trading day usually Indian market will be under control of bulls. (Some doubt this time since market closes for long weekend). FIIs are watching diwali season in patience and they will decide after muhurat trading.
In short muhurat trading will decide the fate of the market.
No comments:
Post a Comment