NEW DELHI: Nifty50 took out its strong resistance zone at 12,000-12,050 on Monday and ended up forming a large bullish candle on the daily chart. The index broke above this range after three weeks of struggle. Analysts said Nifty might have kicked off the next leg of up-move, where it is likely to scale fresh all-time highs in the short term.Gaurav Ratnaparkhi, Senior Technical Analyst at Sharekhan, said the index had taken support near the 20-day moving average on Friday."The key short-term moving average indeed turned out to be a strong support and induced the bulls to stretch their arms. The index has reached the daily upper Bollinger Band and is now just a stone’s throw away from the all-time high of 12,103. Once the index gets into the uncharted territory, the 12,270-12,300 range will be the subsequent target area to watch out for. The 12,030-12,000 range will now act as the immediate support zone," he said.For the day, Nifty climbed 164.60 points, or 1.38 per cent, to 12,079 mark.The time-wise correction now seems to be over and the momentum may accelerate from here on, said Ruchit Jain of Angel Broking."We will not be surprised if the market sees a gap-up opening to register new highs on Tuesday and then continue its northward trajectory. Once Nifty reaches new highs, the immediate target will be around 12,180, followed by 12,290 levels and the immediate support in the 12,000-11,950 range," he said.Mazhar Mohammad of Chartviewindia.in advised positional traders to create fresh long positions with a stop loss below 11,919 level on a closing basis for a bigger target at 12,300 level.