Nifty OI PCR pre cursor to Nifty

As per the chart below nifty OI PCR is falling before market falls.

Means we are heading for a fall ?

Nifty Up for a month now. Earlier also Nifty up for about 30 days and fell for two weeks and up.

Seems two weeks consolidation or down trend in the offing.

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True, atleast till Sept month expiry.