Nifty crossed 11968 and it was a good rally till 12035 and after making a strong 4 hourly close nifty again swung in to action by closing above 12050. It's a stone throw distance from ATH now. Whether we will be able to see a new high or not, only Tuesday should give the answer.
For us it was a perfect level and all the members were able to see the anticipated move.
On the whole, Nifty has brought cheers in market. Today is the step towards next good move up to 12278-402 with a strong support at 11951.
Good Luck!
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