1. Set up: Reversal from supporting TL
2. SL risky but if trade works out RR will be extra ordinary
3. Set up is risky but with 30% accuracy RR is way to good with such set up
4. If SL hits also, this chart will take SL's and will reversal high probability
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.