Once again the same chart I am presenting. As you can see, 22 trading hours has passed since NIFTY touched T2. It could not even pass thorough "T T" or even come closer. This indicates the cautious sentiment among traders. Unless it breaches at least "T T", there is no chance of the upward momentum continuing. On the other hand, all indications are that, it might accelerate downwards in the coming hours. As everyone knows 4800 holds the key…which is just a kissing distance away.
