Leave the number of colored lines in this chart. Only two lines are important at this time.
1. Kijun-Sen of Ichimoku: Although the price was rising in last few days, but the kijun-sen line was flat, thus not supporting the bull run. Result, the gravitational force of kijun-sen will attract the price and Nifty will kiss this line, which is currently around @5550.2.
2. Double smoothed stochastic: On the bottom of chart, the stochastic line is in over-bought mode. This will come down below, resulting in Nifty correction.