Nifty made a low of 5291 high of 5342 and closed at 5332 which is 32 points up from previous close.
Nifty is exactly getting resisted on 50DMA .
As today is the weekly closing so today's closing will decide the market condition for the coming week.
A close above 5340 will give positive signal which can take the Nifty further towards 5500.
So one can consider buying Nifty in between 5290- 5330 with stop loss of 5280 for the target of 5400 , 5450 and 5500.
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