There is no "if", Santa is traveling south 17 days from now--lol.
If the EUR/USD breaks to 1.29, then I'm wrong as far as 1.38 is concerned. It is headed to the low 1.2000's.
After saying that, that's the Euro market, and my charts show move south for Nifty.
You'll pardon me, Timepass, for not wanting to correlate the 2. I see no practical trading element associated with it. I only see my charts.
We may have given the answer away, but a man walks 3 miles due south. Afterward, he walks 3 miles due east. There he meets a bear. Then he walks 3 miles due north. He is back at his original starting point. What color is the bear? You have all the information you need.
That was an extra credit problem I was given in 6th grade.