Last Two Days Up Move was Correction Move or Impulse move that will confirm if the price does not break 12087.9 ( i.e. Previous Swing Low ) so, today we will take a risk and try to buy Nifty between 12130 - 12000 and Keep SL Below 12075 Rs for Target of 12250 - 12400 Rs .
Next Support area is 11850 - 11800. Price-wise correction is due any time we can see selling pressure. Aggressive traders can short below 12300 by keeping SL Above 12400 for Target of 12200 - 12000 - 11850.