The market ended the week on a flat note. The 50-share index Nifty bounced back from support of 5700 and headed towards 5950 mark on the back of stronger rupee and weak US job data where it managed to close with the gain of 1.27 %. The BSE Sensex rose 4% while INR appreciated 5% as compared to US Dollar, driven by RBI's confidence building measures to support INR.

Nifty futures surged in the weekly trading session and managed to touch its psychological 6000 mark, closing flat at 5957, up by 68.85 points from the previous week's close. Technically, index is having resistance at the mark of 6030 and is likely to move bullish in the near term with the cracking of the same. Next resistance is at 6100.

For downside, major support is at the level of 5900 and 5840.

Stocks to watch on:

ADANI ENTERPRISES (ADANIENT):  The stock is consolidating at the lower levels with the positive bias, which is likely to show an upside movement in the near term with the cracking of its strong resistance of 150. One may go for buying on dips strategy above the mark of 150 for a target of 155 and stop loss at 145.

ALLAHABAD BANK (ALBK) Technically, the stock is  trading sideways sustaining above its 50 and 200 DMA on daily charts. It is currently facing major resistance at the level of  82 with the crossing of which an upward movement in the prices can be seen. One may go for long position in it above the level of  82 for a target of 85 and a strict stop loss of 79.