A very very broad level analysis - Take it with a pinch of salt, I am a newbie and have a lot to learn.
Till 2003, Nifty was following a fairly flat sloping channel, but it changed its trajectory drastically that year and followed it till Nov 2020 with the exception of COVID crash. December looks like a breakout month from that trajectory and now the slope is very very steep. I am not implying anything here, but just absorb the fact that ANYTHING IS POSSIBLE :-D
Till 2003, Nifty was following a fairly flat sloping channel, but it changed its trajectory drastically that year and followed it till Nov 2020 with the exception of COVID crash. December looks like a breakout month from that trajectory and now the slope is very very steep. I am not implying anything here, but just absorb the fact that ANYTHING IS POSSIBLE :-D