Tue Oct 29 14:51:26 UTC 2024: ## Indian Stocks Ready for Samvat 2801 Muhurat Trading on Diwali

**MUMBAI, INDIA -** The Indian stock market is gearing up for the auspicious Muhurat trading session on Friday, November 1st, marking the beginning of Samvat 2801. The one-hour session, from 6-7 PM, is a traditional practice associated with Diwali, the festival of lights, where investors seek good fortune for the year ahead.

Samvat 2080 saw impressive returns for investors, with an overall gain of 25%. For Samvat 2801, analysts are recommending a handful of stocks based on current market trends and technical analysis.

**ICICI Bank** stands out with a remarkable 45% growth in the past year. Analysts predict it could reach ₹1,773 in the upcoming Samvat, with support levels at ₹1,215 and ₹1,150.

**ITC** is seen trading with a positive bias, supported by its 100-DMA at ₹481. It has the potential to reach ₹633, with interim resistance at ₹545 and ₹579.

**Macrotech Developers** is another promising pick, despite recent downtrends. The stock could see an upside towards ₹1,600, with interim resistance at ₹1,310 and ₹1,380.

**Varun Beverages** has witnessed a remarkable surge of over 1,700% since 2018. The stock could reach ₹922 if it breaks above ₹675, with interim resistance between ₹727 and ₹800.

**Jindal Steel & Power** has shown a strong rally of 53% in just four months. The stock is likely to continue its positive trend if it stays above ₹905, with the potential to reach ₹1,400.

These are just a few of the recommended stocks for Samvat 2801. Investors are encouraged to conduct thorough research and seek professional advice before making any investment decisions.

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