On our yesterday discussed hourly chart, bulls are still exactly taking the support from the above-shown unique angle line. On a break below, this angled line will add further weakness & we can expect another 75-110 points downside.

At the starting of the week, we discussed the target of 12400, which is almost hit, as yesterday, the high was around 12389 levels. 

Now from the swing trading point of view, Nifty bulls need the close above 12365-12400 range for further rise. 

On the lower side, support is still around 12240 levels. Only below that, we can see bears getting some strength back.