No doubt, the further escalation in U.S.-China tariff war has spooked the global and other Asian markets but failed to make any effective impact over the Indian market. The Indian benchmark was opened on a positive note above the psychological resistance of 12,000 levels and continued to move north. Heavy additions in Put Writing at 12,000 levels are not hinting for any kind of pullback. Most of the indices are trading in green out of which pharma stocks gained 2.57%. Market Breadth is positive as 963 stocks are advanced while 768 are trading in red. On hourly scale, the index is forming a 'Rounded Bottom' pattern that signals for continuation of bullish momentum and possesses high reliability. RSI is trading at 70.80 levels showing no signs of divergence and oversold. Stochastic oscillator is hinting for continuation of bullish momentum.