Indian stock market got the diwali gift today. It was the historical day for all traders. Nifty approaches first time 5300 in last two months. As the whole market was bullish today it is because of the diwali festival. Today Nifty rally to 5380 and closed at 5360.70 with the gaining points of 158.90.
On the other side Nifty futures current contract closed with the same it shut shop at 5,386.05 having the gain of 154.00 points. Technically both are looking positive. So it is really a good time to make a fresh position in market for short term.
Technical Levels for Nifty
Resistance : 5460 : 5550.
Support : 5270 : 5180.
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