**Nifty 50 Faces Bearish Pressure Below Ichimoku Cloud – DownsidNifty 50 IndexNSE_DLY:NIFTYSMART_MONEY_CIRCLE The 1-hour Nifty 50 chart shows a bearish market structure after failing to sustain above a rising trendline and breaking down from a prior ascending broadening pattern (highlighted in green). Price has remained below the Ichimoku Cloud, indicating weak momentum and a bearish bias. A rising support trendline (marked in red) was decisively broken near the 23,900–23,950 zone, triggering a sharp decline. The subsequent recovery attempts have been unable to reclaim key resistance levels, while the cloud overhead continues to act as resistance. Current price is trading around **23,438**, below both the cloud and recent swing highs, suggesting sellers remain in control. **Target:** 🎯 **23,130** * Immediate resistance: **23,620** (Ichimoku cloud resistance) * Secondary resistance: **23,800–23,900** * Bearish target: **23,130** * A break below recent lows could accelerate the move toward the target zone.