Going ahead, let us wait and watch as this rally can go beyond the 11,900-11,940 mark. Closing above the 11,940 level, which is 61.8 per cent retracement of the recent fall, will take the markets above the 12,000 mark. Currently, it is advised to avoid short positions as long as Nifty stays above the 11,820 mark. Stocks in news: Reliance Nippon Life Asset Management, Tata Motors, Balaji Telefilms, TCS, Wipro, Au Small Finance Bank, GAIL.