Stock market is open tomorrow. Timings, trading strategy, do’s and don’ts for special session
The special session is part of the framework for the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock exchanges and depositories and would involve intraday switchover to the Disaster Recovery site.
Stock market timings on Saturday
Saturday's trading day is divided into two sessions. The first one, which involves live trading from the primary site, will start from 9:15 am till 10 am. Pre-open timings for the first session are from 9 am to 9:08 am.
The second session, which involves a switchover to the disaster recovery site, runs from 11:30 am to 12:30 pm.
Intraday trading is restricted during the special Saturday trading session due to anticipated lower trading volumes.
«Since volumes would be less, the spreads could be wider leading to potential loss during auto square offs. Moreover, the exchanges have imposed a 5% lower price band for all stocks, including those that trade in the derivative segment. This increases the odds of stocks hitting upper/lower circuits potentially leading to open long or short positions at the end of the second trading session or square-offs happening which are not in the best interest of our clients,» Zerodha has told clients.
Any F&O credits (i.e. premium from options sold, marked-to-market profit, intraday profits, etc.) and intraday equity profits from March 1 will not be included in the available funds during the special trading session due to the settlement holiday, Zerodha said.
In the meantime, currency and commodity (MCX) markets will stay closed.
