Bank Nifty ready to move?

Bank Nifty as on 19th Feb’13 – 12450

Today i.e. on 20th you will get the answer.  I sense Bank Nifty is on verge of turning up positive, but it will be slightly early to confirm it.  I will be waiting for bank nifty to rise above 12515, where I like to take long position in it, with a stop loss of 12330.  Reason why I am skeptical, because as of now heavy weights are not confirming the fact, so we should be trading with more cautious approach.

Please don’t take this as a trading recommendation.

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