Bulls absorbed yesterday's selling pressure and held Ground. Trend Up.

Yesterday, Due to RBI policy markets witnessed sharp selling pressure at higher levels but Bulls able to sustain crucial supports. Today Markets moving up with minor gap up.
Trend Remains Up.
Buy on Dip mode.
As long as Nifty holds 12000-11950 zone, Its trend up and moves towards 12100-12150+ levels.
Short Term Technical Indicator in Buy mode and bouncing from Oversold zones.
Most probably this upmove likely to continue further.
Upward targets 12100-12150+
Supports 12000-11950-11900.
Suryadev Bandari
Research Analyst

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