Nifty having taken support at 19329, the recent reaction low on Friday, a buy on dips mode is in play, which augurs well for Muhurat day and for those worrying about a dip on the next day, he says. Edited excerpts from a chat:
The best Muhurat performance was in 2008, during the global financial crisis, when indices jumped nearly 6%. Last year s Muhurat on October 24 saw indices rise around 0.88%. A screener ran by ETMarkets shows that there are at 457 stocks with a market capitalisation of more than Rs 1,000 crore that have given positive returns in all the last 5 Muhurat days. Out of them, there are at least 19 stocks that gave a return of at least 5% in the last Muhurat session.
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