🌐🌐NSE, BSE special session today: What to expect from markets in today's trading

Markets may see a less volatile session with low volumes in today's special trading, similar to the last few special sessions. Broader markets may see stock-specific action today, with traders having to brace for some restrictions.

Indian stock markets will remain open on Saturday, May 18, 2024, as both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have scheduled a special trading session. This session, focused on the equity and equity derivatives segments, aims to evaluate the exchanges' disaster preparedness in the event of major disruptions. Earlier, a special trading session was held on March 2, 2024.

Here’s what to expect from today’s special trading session

The last three special Saturday sessions have been muted, with indices remaining in tight ranges and stock-specific action taking the spotlight due to individual news flows and actions. “Indian markets are expected to witness another less volatile session with low volumes in this special trading, similar to the last few special sessions,” said Arun Kumar Mantri, Founder of Mantri Finmart.

Trading restrictions and settlement calendar

Mantri expects broader markets to see stock-specific action today, with traders having to brace for some restrictions as before. Trading will occur in two sessions, and any open orders not executed by the end of the first session will be cancelled and not moved to the next session. There will be no intraday trading; only delivery trades will be allowed in the cash market. Additionally, circuit limits will be revised to 5 percent for stocks in the F&O segment.

Mantri noted that the settlement for trades executed on Saturday will occur on Tuesday, along with the sale proceeds, as markets remain closed on Monday due to parliamentary elections in Mumbai.

“Among the markets, the ongoing momentum in mid and small caps is expected to continue, as sentiment remains upbeat on the street. However, action in the futures and options space will depend on intraday market moves. Given the long weekend and ongoing high volatility, traders are expected to stay on the sidelines, as intraday trades are not allowed and delivery positions may remain muted,” he said.

Timings: May 18 live trading session

The primary session for the cash market will commence with the morning block deal window from 8:45 am to 9:00 am, followed by the pre-open session from 9:00 am to 9:08 am. Regular trading for the primary session will run from 9:15 am to 10:00 am, followed by a break until 11:15 am.

For the second session at the disaster recovery site, the pre-open session will run from 11:15 am to 11:23 am, with normal trading scheduled from 11:30 am to 12:30 pm. Post-close order closing and modifications will be allowed until 1:00 pm.

🔝🔝Welcome back everyone, Mr John Wilson will bring a wonderful stock skills sharing later🔝🔝

🔄🔄Next Monday at 7 pm, Mr William Alfred will explain next week's trading plan and tell everyone some stock information that you can focus on in advance🔄🔄

🌐🌐Week ahead to favour sellers, technical charts suggest caution

📊📊With index-heavy stocks turning negative, the index is likely to stay under pressure for a few more days; a major negative candle is expected to form this week.
✅Day-wise weekly forecast ✅
🕯🕯May 21, 2024: Tuesday: 13:good after 1 pm
🕯🕯May 22, 2024: Wednesday: S.14: bad day
🕯🕯May 23, 2024: Thursday:happy day
🕯🕯May 24th, 2024: Friday: 10.30/Jyestha: bullish day
🕯🕯May 24th, 2024: Friday: bullish day

🌐🌐Stock market holiday: BSE, NSE to remain shut today for Lok Sabha polling

🌐🌐Trading on both the NSE and the BSE will resume on Tuesday, May 21.

Prime Minister Narendra Modi predicted a significant boost to the stock market following the election results, expressing confidence in the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government retaining power with a strong majority for a third term.
In an interview with the NDTV Profit television channel, Modi said he expects a stock market rally within a week of the June 4 election results because of the positive impact of the government’s policies on investor confidence.

🔈🔈Stock Code: TEMBO🔈🔈

💵Buying range: 225 - 245💵

📈arget Price: The short-term target is 278 the medium-term target is 321📈

📌Stop loss price: 200📌

🔝Holding time: 1 week – 2 weeks🔝

🛡Reasons for Recommendation🛡

💯💯💯Reasons for Recommendation: This is a small company operating in the engineering field and the product/revenue segment includes steel products. The company's performance is very good, with a total revenue of 5.654 billion rupees increased by 109.33% compared with the same period last year. It is growing rapidly and has received larger orders. The fundamentals are strong and the long-term trend is bullish. From a technical perspective, it is now in the bottom rebound stage and has remained above the 20-day MA for 2 consecutive weeks, making it suitable for buying on dips💯💯💯

🌐🌐Tonight, Professor William will explain the basic information about stocks and why he recommends buying TEMBO stock today. Please seize every learning opportunity to improve yourself🌐🌐