Nifty 50 on a Weekly chartNifty 50 IndexNSE:NIFTYRahul789The setup is based on a bearish ABCD pattern on Nifty: A ≈ 26,500 — major swing high B ≈ 22,100 — major swing low C ≈ 25,000 — corrective rally and lower high D ≈ 20,300–20,500 — projected Fibonacci extension target The bearish view is strengthened if Nifty continues to face resistance below 25,000. The preferred trade is to look for a confirmed bearish rejection around 24,200–24,600, with a stoploss above the C zone. The most important confirmation comes if 22,100 breaks and later acts as resistance. That could open the path toward 21,200, followed by the final 20,300–20,500 D target zone. Global factors such as rising crude oil, a stronger US dollar, higher US bond yields, rising volatility, and weakness in US/global equity markets could provide additional downside pressure. Invalidation: Sustained strength above 25,000 weakens the bearish view, while a move above 26,500–26,600 would largely invalidate the setup.