Trend is likely to be continued till the time 12000 is holding on hourly closing basis. All supply that was emerging near 12000 has been absorbed in past 30-45 sessions. Now, we may see a new high near 12480 or 12630, depending upon the trend channel which market wants to adhere. The probability of a 100-120 point dip is there but it may be temporary.
Disc : It's not an advise to buy or sell