We continue to reiterate the swing low of 11,974 is a key the level to keep an eye on. Any breach of this swing low would mean that the index could decline further towards level of 11,840-11,800. On the upside, the zone of 12,150-12,200 is likely to act as a stiff resistance in the short-term. Stocks in news: Navin Fluorine International, NBCC, NHPC, BOSCH, Goa Carbon, Thomas Cook, Jaypee Infratech.