Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 1% in positive at 12087
- AD was 2:1

- this is highest ever weekly close for nifty

- option writing support 12000

- swing low/ double bottom support 11800
- resistance 12200

- rejecting H&S as nifty opened above 12000
- confirmation would be break of 11800.