As Seen from the chart, the next stopover is at 4560-50 (Say 4555). This is of course below the 200 DMA. After hitting 4555, I expect NIFTY to bounce between the congestion bands, few days and the next action will begin. Even if it is a short trading session tomorrow, we cannot rule out the possibility of NIFTY touching 4555 tomorrow. I know, it is a bit too high to expect in 90 min of trading. But such an aftershock cannot be ruled out. Let us keep the fingers crossed.
