Half Hourly Chart
Daily Line Chart
The weakness was evident since last few days and I had mentioned that "Since last two trading sessions a sharp sell of at midsession is seen with no attempts to recover the highs of the day".The Nifty made a huge black bearish candle today.
Head and shoulder neckline at 5084 broken giving a target of 4984
Double top at 5182 confirmed by break of the trough at 5051 giving a target of 4924
Fibonacci supports before reaching these levels is marked.
Daily Line charts next support is at 4942.
Trade with appropriate stops as per risk profile
Happy Trading !!