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.
upper wedge formation on Monthly NSE:NIFTY with 100% fibonacci extention on what seems to be Wave 3 at around 12200 levels, suggest a reversal from here. 12200 will be crucial for further upward movement. My bets on short side!