Falling House of Cards - Anil Desai

Nifty spot chart is full of patterns showing a triangle break down, Head and shoulder etc. Now it is at a very important support level. Break of 4212 might test 3790 again in absence of any positive news remaining. An equally important level 4180 may act as an oasis in desert.
A bounce back before reaching above levels may be an opprtunity to sell and cover later.