Hi, yes actually it is a good time.
Also, please visit Coonoor, it is around 20 km away from Ooty and it is really a beautiful place with lush green tea gardens.
Some popular things to be bought from Ooty are home-made chocolates and flavoured tea.
Things to do are like capturing views through Binoculars from Doddebetta peak, boating in lake and a ride in train.