I repeatedly said that as long as 12k put writers defends, market will give sharp move. Today the move has given above 110 points. Once again clients data bearish and FII data seems mild bullish. Pros data neutral to bullish. Over all data neutral to bullish. Once again i says that as long as the china wall of 12k put writers defends new high comes. As per the data my target in NIFTY 12365 still pending. Watch and use the dip as buy that we have created strong bullish base near 11800. Bears need to kill the 12k and 11800 wall for the bearish trend.
