How to know if Nifty will break-down or break-out?

It has been observed that whenever a bottom or top was made, the earliest signals have come in long dated options of December of that year. Consider this, December 2015 calls of 9000 and 9500 strike would have given sufficient hints about the March 2015 top. And same is the case with December 2016 puts of 7000, 7500 would have given sufficient hints about February 2016 bottom.

Again for September 2016 top, the call options of December 2016, especially 9000 and 8500 calls gave enough hints.

Now what does the Dec 2017 options say?

From the table, we can see that the chances of seeing 6500/7000/7500 are remote!!