Nifty is expected to bounce back to above 12000 levels as budget movement get digested .... and short covering kicks in. Also, visible green shots in economy gets factored in. Plus, positive impact of DDT removal and new income tax regime.
See Nifty moving back to 12360 levels by end of feb.
Level to watch out stoploss at 11720... on upside first target 12000, second 12225 and 12360