Nifty Opened gap up but it drifted down from the opening, showing weakness. It formed a symmetric triangle and gave breakdown in the last half hour. It reached the first target and almost reached the second target.
Nifty Chart - Hourly:
Yesterday Nifty closed at the previous pivotal support of 4388 levels.
On the higher side 4470 may give resistance, above which 4510 may give next major resistance.
On the lower side yesterdays close of 4388 may give good support as it was a previous pivotal support. Below which the yellow line which acted as support resistance in the earlier cases may give good support at present it is at 4370 levels. Next support comes at 4285 levels.
Long at 4068 booked 50% at 4275
booked 25 % 4590
last 25% at 4440
on the average booked all at around 4395, around 320 points profit per lot 
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