Look at the chart. NIFTY is moving systematically, in a disciplined manner, between the trend lines of the channel. It took sufficient time to go from the left trend line to the right. After touching, it has already started dropping. It looks like it is likely to follow the path shown by the Pink line "A'. Ftalarms' 15 Min setup already gave SHORT signal.
All this indicates a higher chance of NIFTY dropping to 3950 tomorrow, unless anything unusually happens. We will wait and see if it is a FRY Day or not
