Bearish ABCD pattern in Spot Nifty - 24th Aug 09

Update on 25 Aug 09 at 2:40 PM:

Stop loss hit at 4678, Booked 50 % at 4603

50 points profit in 50% and 25 points loss in 50% on the whole 25 points profit, after brokerage its only 15 point profit in this trade.

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Nifty chart - 15 mins:

Spot Nifty formed Bearish ABCD pattern, It didn't give any sell signal yet. It reached the inverted head and shoulder target. Short Trade must be taken after watching the sell signal.