Today Indian Stock Market rally on first day of December contract, due to recovery in Indian Rupee which was dip in last session.
At 11:30 a.m.; the 50-share index was at 6,166.60, up 74.75 points or 1.23 per cent. It touched a high of 6,182.40 and a low of 6,103.80 in trade today.
Nifty formed a bullish pattern on the daily charts which has confirmed a positive bias. The index has managed to hold the crucial support of 5,950 levels and bounced sharply. We expect the markets to rise in the near term and maintain an upside target of 6,180 & 6,220 levels.
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