@foodiartist, As you can see green parallels channel is long running and from years Nifty has moved between green channel. With Covid as knee jerk Nifty first went out of green channel on lower side and then made sharp correction upwards and now it's correcting again. I am anticipating that it will finally merge into green channel in coming weeks. If thats true we can see levels of 12000-13000 as well. There is one more possibility that NIFTY make take support of upper line of long term green channel and keep going with for some more time and slowly merge down. In any ways it would be good if move get normalize and organic to move inside the long term green channel.
All above is assumption and only time will test it out. I hope you understand my logic. Thanks.