Nifty Weekly Analysis For 26-06-23. Nifty50 was in the channel Whole week and given a breakout & Close on Downside of the Channel which indicates a bearish sentiment in the Market. 18880-18920 is the Weekly Resistance. On Monday If Nifty retests the Channel and trades below 18650, more Downside Possible and Targets are 18550/18450. Below 18650, XABCD Pattern gets activated and 18512 is the Target. If Nifty enters back in to the Channel, We will see a Volatile Market in between the Channel.