Tomorrow we discussed to short from 16815 levels. Fall came of around 85 points from there. then recovered. But as soon as the trendline broke Nifty collapsed around 200 points from top.
Coming to tomorrow's trade setup, Nifty has closed again with bearish sentiment. This sentiment will be triggered again below 16680. Also Nifty may consolidate between 17000 and 16400. This is the range as of now.