Nifty at an important point. Holding 12000 will be positive!

NIFTY: The index corrected in the last session and closed just at a support level. The TS line serves as a good support to strong trends, in the coming sessions 12000 will play an important role for the index, as long as the level is safe the index is expected to move higher however giving away 12000 may install weakness in Nifty and drag it to 11800, this is another strong support level. On the positive side, Nifty is expected to move to 12270 – 12440 if the support levels hold.