Will Nifty create New High ( 12424.5) or go down

Nifty has 2 Scenarios:
----------------------------
1) Nifty Swinging in Box - If it is breaks 12320 on 03-01-20, it will reach the target of Rs: 12424.5 and will create the new high.

2) If Nifty fails to break out, it will reach the target of 12155.