USD/INR, has been one of the lead indicators in analyzing the nifty direction. However in the recent past there has been complete disorientation/Non co-relation between the two. However , now the co-relation seems to be getting back on track. USD/INR has an unfinished target at 59.05 and the pair seems to be on track this time to take out its target. If this is the case, I see nifty trading below 5000 level in the near future.