Diwali Muhurat Trading: A Special Trading Session
The Indian stock market will remain open for only an hour on Tuesday, for the Diwali muhurat trading between 1:45 pm and 2:45 pm. The one-hour period, which is considered auspicious, will mark the start of trading in the Hindu calendar year of Vikram Samvat 2082.
Trading During Auspicious Periods
Trading during the auspicious period is often driven by sentiments rather than technicalities, according to analysts. This means that traders are expected to make their decisions based on sentiments rather than fundamentals.
Nifty Faces Resistance at 26,000–26,300
The NSE Nifty 50 index faces resistance at 26,000–26,300 levels, according to Ponmudi R, chief executive officer of Enrich Money. Nifty technical analysis suggests that as long as the index holds above 25,750, the bullish momentum is expected to continue.
On the downside, 25,600 remains the support zone, while a break below 25,500 could trigger mild consolidation toward 25,200, according to the expert. A sustained move above the 26,000 mark could ignite fresh buying momentum and trigger short-covering, potentially driving the index towards 26,300 in the near term.
Key Levels to Watch for Nifty
According to Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, the immediate support is placed around 25,600–25,700, where strong demand is expected to limit any short-term corrections. The overall sentiment is likely to remain strong, with the potential to reach 26,000–26,200 in the short term.
The technical setup remains positive as long as the index stays above 25,700, below which it may move back into consolidation. The 25,750–25,650 zone remains a key “buy-on-dips” region, supported by multiple technical confluences, including the breakout neckline and major swing lows.
Bank Nifty: A Sustained Move Above 58,200
For Bank Nifty, a sustained move above the 58,200 resistance band could ignite fresh long positions and trigger short covering, potentially propelling the index toward the 58,500 mark in the near term. A sustained close above 58,000 could pave the way towards 58,500–59,000, while 57,800 remains the key level to protect the short-term uptrend.
On the downside, Dhameja identified immediate support between 57,500–57,600, where strong buying interest is likely to limit any short-term pullbacks. As long as the index remains above the 57,500 zone, the broader trend stays decisively bullish. A “Buy-on-Dips” strategy remains the preferred approach, with a close above 58,100–58,200 expected to unfold the next leg of the uptrend.
Indian Benchmark Indices Gain for the Fourth Straight Day
Meanwhile, the Indian benchmark indices gained for the fourth straight day on Monday, with Nifty 50 closing above the 25,800 mark. This indicates a strong momentum in the market, which is expected to continue in the short term.
Investors can look to stock market news India for the latest updates on the Indian stock market. They can also look to Nifty live chart for real-time updates on the Nifty index.
Conclusion
In conclusion, the Diwali muhurat trading session is expected to be driven by sentiments rather than technicalities. The Nifty index faces resistance at 26,000–26,300, while the Bank Nifty index is expected to move above the 58,200 resistance band. Investors should keep a close eye on the key levels and look to investing in stock market for long-term gains.