BSE Muhurat Trading 2020: The Pre-Open Session will be from 18:00 to 18:08 while the Muhurat Trading Session will be from 18.15 to 19.15, duration will be 1 hour. The Block Deal window will be open from 17.45 to 18.00. Call Auction will be from 18.20 to 19.05. Post Closing will be from 19.25 to 19.35.

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Investors and traders have seen a lot of volatility in the past 1 year and major analysts believe that from this Diwali to next Diwali market direction will remain strong with upward bias. Globally, there would be less volatility and vaccine news development will boost the world economy further.

As far as today's market performance is concerned, Sharekhan said that the bulls maintained their upper hand on the Nifty for the eighth straight session. After a positive start, the index witnessed a dip in the first half of the session but found support near the lower end of a rising channel on the hourly chart as well as near the 20- hour moving average. The index witnessed a fresh round of buying near these parameters resulting in a leap in the second half. The index is a stone’s throw away from its equality target for the current upmove, near 12850. Over there, the index can take a pause for a breather before heading further north. On the flipside, 12570-12520 is a near term support zone to watch out for.

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Other technical observations on the daily chart indicates that the Nifty is above the 20-day moving average (DMA) and the 40-DEMA, i.e. 11965 and 11813 respectively. The momentum indicator is bullish on the daily chart. On the hourly chart, the Nifty is above the 20-hour moving average (HMA) and the 40-HEMA, i.e. 12578 and 12385 respectively. The hourly momentum indicator is bearish. The market breadth was positive with 1001 advances and 820 declines on the National Stock Exchange.