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Nifty near to resistance of 5150 levels

Rupee hit a 13-month high on dollar weakness and good inflows. Sensex ended day at 17231, up 204 points and Nifty at 5118, up 63 points from the previous close. CNX Midcap index was up 2.08% and BSE Smallcap index was up 1.54%. The market breadth was positive with advances at 831 against declines of 441 on the NSE. Top Nifty gainers included Jindal Steel, Mahindra & Mahindra and Cairn Inida while losers were RCom, Tata Communications and Bharti Airtel.

Expect this uptrend till diwali trading,then there will be a Monetary policy by RBI to reverse trend,CRR hike can't rule out.