🟢 Nifty Analysis EOD – April 1, 2026 – Wednesday 🔴
The 22,900 Gap Trap: Bulls Struggle to Hold Peace-Talk Gains.
🗞 Nifty Summary
I am back at my desk after a nice 4-day vacation. The market greeted me with a very hopeful opening tick today. Driven by positive news regarding peace talks, Nifty opened with a massive 493-point Gap Up at 22,872.85, comfortably above the Previous Day High (PDH).
Initially, the index found support around 22,800 and climbed another 127 points. However, the 22,925 zone acted as a major hurdle. With the RSI already in the overbought zone, the bulls failed to cross this level.
The rejection was sharp, taking Nifty down 200 points from its high, breaching the Initial Balance Low (IBL) and the 22,800 level to test the PDH zone. At this lower level, Nifty formed a Double Bottom pattern, which eventually hit its target back near 22,900.
Unfortunately, the Fib 0.786 resistance at that level pushed the index down once more. It slipped below the PDH to test the 22,625 support. After a small 84-point recovery from the day’s low, the session ended at 22,703—just 11 points shy of the PDH.
While the day was positive compared to the last close, the selling pressure on every rise shows that bears still have their hands on the steering wheel.
🛡 5 Min Intraday Chart with Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 22,899.00
High: 22,941.30
Low: 22,618.60
Close: 22,679.40
Change: +348.00 (+1.56%)
🏗️ Structure Breakdown
Type: Bearish candle (Close is lower than the Open, despite the green net change).
Range: ≈ 323 points — high volatility after the holiday.
Body: ≈ 220 points — reflects significant selling pressure after the initial gap.
Upper Wick: ≈ 42 points — limited strength shown above the opening price.
Lower Wick: ≈ 61 points — some buying support found near the 22,625 floor.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 488.82
IB Range: 128.65 → Small
Market Structure: ImBalanced
Trade Highlights:
10:10 Short Trade: Target Hit (R:R 1:1.51)
10:58 Short Trade: SL Hit
13:20 Short Trade: Target Hit (R:R 1:1.8)
Trade Summary: Coming back from vacation, I had to be very careful not to let the “gap-up excitement” cloud my judgment. The small Initial Balance and the rejection at 22,925 gave me the confidence to look for short opportunities as the structure turned heavy. I took one stop-loss during a mid-day fakeout, but the other two trades hit their targets, making it a decent day for my discipline.
🧱 Support & Resistance Levels
Resistance Zones: 22,820 | 22,860 ~ 22,875 | 22,960 | 23,025 | 23,185 ~ 23,210
Support Zones: 22,618 (Today’s Low/PDL) | 22,555 ~ 22,535 | 22,440 ~ 22,420
🧠 Final Thoughts
“A gap-up is a gift from the news, but holding it is a test of conviction.”
For tomorrow, I’ll wait for the opening tick before making a plan. As long as the 22,440 level holds on a closing basis, I’m still inclined toward a short-term bullish play, keeping in mind the RSI divergence I noted in my previous diary entries.
The bulls really need to clear the 22,860 ~ 22,875 zone to prove they are back in control; otherwise, the bears will keep using every rise to sell.
✏️ Disclaimer
This is my personal digital diary and represents my own analysis and point of view. It is not financial advice; please consult a professional advisor before making any trading decisions.
The 22,900 Gap Trap: Bulls Struggle to Hold Peace-Talk Gains.
🗞 Nifty Summary
I am back at my desk after a nice 4-day vacation. The market greeted me with a very hopeful opening tick today. Driven by positive news regarding peace talks, Nifty opened with a massive 493-point Gap Up at 22,872.85, comfortably above the Previous Day High (PDH).
Initially, the index found support around 22,800 and climbed another 127 points. However, the 22,925 zone acted as a major hurdle. With the RSI already in the overbought zone, the bulls failed to cross this level.
The rejection was sharp, taking Nifty down 200 points from its high, breaching the Initial Balance Low (IBL) and the 22,800 level to test the PDH zone. At this lower level, Nifty formed a Double Bottom pattern, which eventually hit its target back near 22,900.
Unfortunately, the Fib 0.786 resistance at that level pushed the index down once more. It slipped below the PDH to test the 22,625 support. After a small 84-point recovery from the day’s low, the session ended at 22,703—just 11 points shy of the PDH.
While the day was positive compared to the last close, the selling pressure on every rise shows that bears still have their hands on the steering wheel.
🛡 5 Min Intraday Chart with Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 22,899.00
High: 22,941.30
Low: 22,618.60
Close: 22,679.40
Change: +348.00 (+1.56%)
🏗️ Structure Breakdown
Type: Bearish candle (Close is lower than the Open, despite the green net change).
Range: ≈ 323 points — high volatility after the holiday.
Body: ≈ 220 points — reflects significant selling pressure after the initial gap.
Upper Wick: ≈ 42 points — limited strength shown above the opening price.
Lower Wick: ≈ 61 points — some buying support found near the 22,625 floor.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 488.82
IB Range: 128.65 → Small
Market Structure: ImBalanced
Trade Highlights:
10:10 Short Trade: Target Hit (R:R 1:1.51)
10:58 Short Trade: SL Hit
13:20 Short Trade: Target Hit (R:R 1:1.8)
Trade Summary: Coming back from vacation, I had to be very careful not to let the “gap-up excitement” cloud my judgment. The small Initial Balance and the rejection at 22,925 gave me the confidence to look for short opportunities as the structure turned heavy. I took one stop-loss during a mid-day fakeout, but the other two trades hit their targets, making it a decent day for my discipline.
🧱 Support & Resistance Levels
Resistance Zones: 22,820 | 22,860 ~ 22,875 | 22,960 | 23,025 | 23,185 ~ 23,210
Support Zones: 22,618 (Today’s Low/PDL) | 22,555 ~ 22,535 | 22,440 ~ 22,420
🧠 Final Thoughts
“A gap-up is a gift from the news, but holding it is a test of conviction.”
For tomorrow, I’ll wait for the opening tick before making a plan. As long as the 22,440 level holds on a closing basis, I’m still inclined toward a short-term bullish play, keeping in mind the RSI divergence I noted in my previous diary entries.
The bulls really need to clear the 22,860 ~ 22,875 zone to prove they are back in control; otherwise, the bears will keep using every rise to sell.
✏️ Disclaimer
This is my personal digital diary and represents my own analysis and point of view. It is not financial advice; please consult a professional advisor before making any trading decisions.
Read my blogs here:
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Read my blogs here:
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.