That is super speculative to consider Nifty to go from current 17100 to 12000.
Technical charts of long term are not indicating that, nor any macroeconomic indication to state such anticipation.
When Nifty was 15500, your post was writing it to go towards 12000, but it went just opposite side, 18000.
Now it has fallen to 17000, and long term 12k view still alive ! which is far from objectivity.
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