On the 1st day of the December Indian benchmark opened gap up at 12137.05 but opening and high for the Nifty is very identical which indicates bearish signal for the week on the charts if it is unable to breach its high. It almost corrected more than 100 points from day’s open. Today India Manufacturing PMI data declared, as per data index rose to 51.2 last month from 50.6 in October. We can interpret data as if its above 50 denotes expansion and below it can say contraction. Nifty 50 made a low of 12025 till now and it is trading above 50 & 200 DMA. RSI is at 46.48 level on hourly chart. There can be strong support around 12010 level & resistance can be seen around 12160.