Nifty needs to sustain above the all-time high of 12,041 and, in which scenario, Nifty may test the level of 12,200 in the short term. The trend for the Nifty is clear as it has managed to hold above the opening upside gap of May 20 for nine sessions after its formation. On the downside, the last week low of 11,812 is likely to act as a good support and, therefore, any intra-day dips towards 11,812-11,830 should be used as buying opportunity. Stocks in news: MOIL, Bharti Infratel, Tata Steel BSL, Axiscades Engineering Technologies, FLFL, NTPC, Vaibhav Global, NLC India, Dilip Buildcon, Biocon.