The Nifty closed in green to end at 5865.10, up 28 points or 0.48 per cent. The 30-share index, BSE Sensex pared most of its intraday gains and ended at 19495.82, up 84 points or 0.44 per cent weighed down by sharp decline in rupee. Rupee has been the victim of rising dollar demand. It has plunged 1.8 per cent in a matter of just 5 days and is Asia's worst performer this week.

Nifty is expected to be in a bullish step up. It is expected to go to 6000 initially and is likely to hover in 200 points range for few sessions. However, the charts are not bearishly poised.

Nifty futures traded amid volatility in the weekly session and closed green at the mark of 5874.95 up by few points from the previous week's close. Technically, it is forming an H&S pattern on daily charts facing resistance at the level of 5910 with the cracking of which 6000 can be touched.

For downside, major support is at the level of 5750 and 5670.

Stocks to watch on:

INDIAN HOTELS COMPANY LTD. (INDHOTEL): The stock is in a long consolidation phase on daily charts trading with the positive bias. It is currently facing strong resistance at the level of 50 with the cracking of which the stock is likely to experience fresh buying from the lower levels in the near term. We recommend our traders to initiate a long position above the mark of 50 for a target of 53.50 and a strict stop loss of 46.50.

ACC: The stock is following a sideways trend trading with the positive sentiment. Technically,  it is likely to surge in the upcoming session with the cracking of the resistance mark of 1256 above  which the traders can go for buying in the scrip for a target of 1300 and stop loss at 1210.