Nifty November Futures ended very close to an all-time high Every micro dips in the November series got bought. Short-term buyers totally dominated the series. Shorter term trend still remains upwards leaving very little cues about the trading inventory.

The Market Profile chart indicates that the Nifty December series has single print support at approximately 20,200 levels, with a spike base forming a support zone near 20,000. The current trading sentiment is optimistic. Over the last three trading sessions, the market has experienced slightly increased volatility due to anticipation of the GDP announcement and the results of elections in five states this Sunday.
However, the Nifty has previously shown signs of weakness around 19,865, with notable references such as a weaker dominant reference, an AB Poor Low at 19,496 and 19,124, and a super poor low at 19,060 in the December series. While these references are not a primary concern at the moment, they may become significant later in the December series, especially after the election results or following the RBI Policy Announcement.
India VIX
After a prolonged period of low volatility, the India VIX has shown some improvement in the last few sessions, consistently trading above 12 with occasional minor spikes.

Nifty OI Statistics
Nifty highest OI stands at 19000 levels on the Put Side with no immediate bearish odds from the OI statistics and the monthly PCR stands at 1.38

The general outlook is bullish to neutral as key events approach, with the 20,200 level being crucial in determining a shift in trend. A trend change to a downward direction will only be confirmed if prices consistently fall below 20,200