NIFTY by today's price action has given an uncomfortable signal. It barley touched the 4930 region and was heading lower, after several failed attempts; for almost 6 hours. That is majority of the trading time, NIFTY was struggling. We can see the net effect in the Candlestick chart attached (Futures). It has now shown its intension to head lower. In my morning post, I had given 70% chance to head lower, but, now, I give 80% chance for that to happen.
