It was false breakout given by the nifty. Pushed into the trendline again. One can definitely short the market by keeping a SL exactly at trend point. Prediction - Nifty can touch and hold 16650 and even more fall if nothing supports the market.
* Bearish AB=CD * Probably false breakout * Divergence on Stochastic > Test of ~4750 on cards > View negates above 5K