Is it possible for Nifty to make a new high on diwali muhurat trading day?

I don’t think so. It will be positive but not new peak, I guess.

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For a new high Nifty has to cross above 8187.

Considering Nifty is at 7979, it calls for a 2.6% up move between today (another 2.5hrs for markets close today) and tomorrow’s Muhurat session.

Considering Muhurat session is open only for a short time, volumes will be also be low.

Hence it would be quite challenging for a new high.

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anything is possible with the market… according to me :slight_smile:

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Most of the earlier Diwalis markets used to trade positive, not new highs. So, you can rule out new high for today’s Muhurat, but markets will be trading on a plus side (this also depends on American, Asian and European Indices). Lets see. And ha…Happy Diwali.

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