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STOCK MARKET "BULL"ISH

Sensex back on 29k, a 2-year high

The benchmark SENSEX regained 29000 mark today. Markets made a powerful comeback. Sensex rallied almost 216 points and reclaimed the 29,000-mark to close at a 2-year high, taking comfort from progress in GST and cashing in on gains in heavyweight RIL.The all-powerful GST Council approved the final draft of central GST (C-GST) and integrated GST (I-GST) and will take up for approval the state-GST and Union Territory-GST (UT-GST) laws at its next meeting due March 16, which instilled a sense of confidence in investors. "Domestic market rallied despite a strong hint of a possible March rate hike by the US Fed and setback for IT sector due to temporary suspension of H1B visa. The current buoyancy in the market is led by positive cues like GST, state elections and FII inflows," said Vinod Nair, Head of Research, Geojit Financial Services.
- The 30-share barometer remained up throughout and hit a high of 29,070.20, powered by a rally in RIL and other blue-chips. The index ended 215.74 points up at 29,048.19 -- its highest closing since March 5, 2015, when it had closed at 29,448.95.
- NSE Nifty gained by 65.90 points to end at 8,963.45, a level last seen on March 3, 2015, too when it settled at 8,996.25.
- The rupee notched up gains against the dollar, which added to the sunny side.
- Reliance Industries was on the top of the heap, surging 3.69 per cent and settling at a fresh 9-year high, after the company announced that the promoters will be reshuffling their shareholding. RIL has gone up by over 21 per cent after its telecom venture Jio said last month that it will begin charging for data services from April.
- Dredging Corporation rallied 12.68 per cent, largely on reports of possible stake sale. Capital inflows continued, which ensured both the Sensex and the Nifty were back at their crucial levels.
- Major gainers that drove the rally were Adani Ports (2.48 per cent), Tata Motors (2.30 per cent), Bharti Airtel (1.81 per cent) and SBI (1.79 per cent). As many as 23 stocks finished higher while 7, including TCS, Hindustan Unilever and Dr Reddy's, ended lower.
- On the sectoral front, oil & gas zoomed 1.32 per cent, followed by infrastructure, auto and power. Broader markets such as the BSE mid-cap and small-cap turned positive.

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ASTRO TECHNICAL GUIDE FOR NIFTY

 for 11, April 2017
Opening Session  Subdued
Tithi ::Chaitra Bahula  Padyami
Nakshatra:Chitta
Persons born in Pushyami, Anuradha and Uttarabhadra constellations and those born in Libra and Aquarius are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.05 AM; 11.40 AM; 2.30 PM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open  Subdued  and remain so  till about 11.20AM and could remain  better from  about 11.30 AM till about 1.30 pm and could remain subdued thereafter till  about end of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below  ATP/ Open level by about 9.30 AM , Short   Positions can be taken with suitable   SL, and such positions can be closed by about 11.30 AM. If Nifty Fut trades above  ATP by about 11.45 AM, Long Positions can be taken with suitable SL,and such positions can be closed by about 1.30 PM / 1.45 PM.
Technical Levels... Resistance : 9220, 9255 Sup…