NIFTY completed wave "d" near 16900 and sell off started

nifty six time touched the level 16800---16850

wave "d" compled at channel top and tringle breakdown retest level ...

wave "e" down started towards 16400---16100--15500

in previous post reminded that bulls stay cautious and do profit booking.. and no fresh buying recommended..
whereas today excellent sell off started..
as per option chain data distribution/sell off seen at 16800/900 level


veiws are educational