There are multiple unfilled gaps in this zone which will act as a
Also 12000 is also a major psychological level
The rally has been over extended and has also created Exhaustion Gaps in between
Short NIFTY at these levels.
After any technical signals such as a Breakdown in a 5-min or 15-min time frame or if any divergence observed @ these levels keeping SL@ above 12070 for a target of at least 10800