No doubt, the market veterans are betting over the strong fundamental story of India and the Indian benchmark is flirting with the psychological resistance of 12,000 but exhaustion at higher levels is constructing a big reason to worry. The Indian benchmark was opened on a positive note at 11,904.2 levels and negated the formation of 'Spinning Top' formed in previous trading session. However, ongoing lackluster movement at higher levels push the index down to a low of 11,900 levels. Bharti Airtel, Infratel and SBI are top gainers while UPL, IOC and BPCL are top losers. Out of 2139 stocks, 850 are advanced, 904 are trading in red and 385 are unchanged. On hourly scale, the index is forming a 'Head and Shoulder' pattern that signals foe a bearish reversal and possesses high reliability. The index is holding its 89 hours Moving Average. RSI has sensed resistance from 60 levels.