Nifty watch out for correction until 12550 to 12750 .. Stop loss 14550.. Expecting minimum retracement of 23.6% hence be cautious if you are long... (7511 to 14050) -23.6% retracement gives your target of 12506... this could be retracement of breakout level for Nifty..
Post retracement correction expecting a resumption of rally towards 16800 to 17300