NSE:NIFTY forming small wedges and going up properly after that indicates one can expect Nifty to move up on Monday as well. Though technically 12320 is a crutial level of resistance but one can put money till 12280-12300 levels, iff it doesn't enter back into previous wedge area.
Technically I agree with this analysis but considering situation in middle east, latest developments and behavior of Asian Markets will decide the direction of Nifty. I am bearish for Monday.