🟢 Nifty Analysis EOD – March 27, 2026 – Friday 🔴
Bear Dominance: Nifty Slips to Fib 0.618 as the 22,800 Floor is Tested.
🗞 Nifty Summary
The Nifty started the day with a 123-point Gap Down, and the very first 5-minute candle set a grim tone with an Open = High (OH) formation that immediately breached the Previous Day Low (PDL).
From that first tick, the index entered a free-fall, losing 260 points straight before finding a temporary base around the 22,950 level. For the next two hours, the market hovered in a dull 50-60 point range. However, around 2:00 PM, the bears struck again, breaking the consolidation and driving the index down another 144 points to test the critical support at 22,839. Nifty eventually settled at 22,819.60, marking a heavy loss of -486.85 points (-2.09%).
Overall, the bears were in total control today. There were no signs of recovery or trend change, and the high volatility made it very difficult for scalpers and intraday traders as the lows weren’t significant enough to play until the 2:00 PM breakdown.
Technically, we have closed right at the Fib 0.618 level. If the bulls want to keep this recovery alive, they must defend today’s low at all costs.
However, with the Monday session being a monthly expiry and Tuesday being a holiday, there is a lot of dilemma in the air.
🛡 5 Min Intraday Chart with Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 23,173.55
High: 23,186.10
Low: 22,804.55
Close: 22,819.60
Change: −486.85 (−2.09%)
🏗️ Structure Breakdown
Type: Strong bearish candle.
Range: ≈ 382 points — very high volatility.
Body: ≈ 354 points — reflecting aggressive and sustained selling pressure.
Upper Wick: ≈ 12 points — negligible buying strength at the open.
Lower Wick: ≈ 15 points — almost no buying support seen at the lows.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 468.66
IB Range: 207.65 → Big
Market Structure: ImBalanced
Trade Highlights:
10:19 Short Trade: SL Hit (Caught in the early volatility near the 22,950 base).
11:26 Short Trade: Target Hit - Trailing (R:R 1:2.18) (Captured the afternoon slide).
Trade Summary: Today was a lesson in staying with the trend despite the noise. My first short trade was stopped out during the morning chop, but I stayed patient and re-entered at 11:26 AM. That second trade hit the target and allowed me to trail my stop, eventually yielding a 1:2.18 reward. I’m glad I didn’t let the first loss stop me from following the system.
🧱 Support & Resistance Levels
Resistance Zones: 23,030 | 23,100 | 23,220
Support Zones: 22,705 ~ 22,680 | 22,625 | 22,515 ~ 22,470
🧠 Final Thoughts
“No trade is a trade, and not losing money is the same as earning money.”
Being a conservative trader, I’ve decided that the best move right now is to stay away from the chaos. With the monthly expiry coming up on Monday and a holiday on Tuesday, the risk of getting trapped in wild swings is too high for me.
I plan to avoid trading on Monday and instead use the next four days to relax and enjoy time with my family. Sometimes, the best thing a learner can do is step back and let the market find its own way.
Wishing you all a calm and peaceful long weekend!
✏️ 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.
Bear Dominance: Nifty Slips to Fib 0.618 as the 22,800 Floor is Tested.
🗞 Nifty Summary
The Nifty started the day with a 123-point Gap Down, and the very first 5-minute candle set a grim tone with an Open = High (OH) formation that immediately breached the Previous Day Low (PDL).
From that first tick, the index entered a free-fall, losing 260 points straight before finding a temporary base around the 22,950 level. For the next two hours, the market hovered in a dull 50-60 point range. However, around 2:00 PM, the bears struck again, breaking the consolidation and driving the index down another 144 points to test the critical support at 22,839. Nifty eventually settled at 22,819.60, marking a heavy loss of -486.85 points (-2.09%).
Overall, the bears were in total control today. There were no signs of recovery or trend change, and the high volatility made it very difficult for scalpers and intraday traders as the lows weren’t significant enough to play until the 2:00 PM breakdown.
Technically, we have closed right at the Fib 0.618 level. If the bulls want to keep this recovery alive, they must defend today’s low at all costs.
However, with the Monday session being a monthly expiry and Tuesday being a holiday, there is a lot of dilemma in the air.
🛡 5 Min Intraday Chart with Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 23,173.55
High: 23,186.10
Low: 22,804.55
Close: 22,819.60
Change: −486.85 (−2.09%)
🏗️ Structure Breakdown
Type: Strong bearish candle.
Range: ≈ 382 points — very high volatility.
Body: ≈ 354 points — reflecting aggressive and sustained selling pressure.
Upper Wick: ≈ 12 points — negligible buying strength at the open.
Lower Wick: ≈ 15 points — almost no buying support seen at the lows.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 468.66
IB Range: 207.65 → Big
Market Structure: ImBalanced
Trade Highlights:
10:19 Short Trade: SL Hit (Caught in the early volatility near the 22,950 base).
11:26 Short Trade: Target Hit - Trailing (R:R 1:2.18) (Captured the afternoon slide).
Trade Summary: Today was a lesson in staying with the trend despite the noise. My first short trade was stopped out during the morning chop, but I stayed patient and re-entered at 11:26 AM. That second trade hit the target and allowed me to trail my stop, eventually yielding a 1:2.18 reward. I’m glad I didn’t let the first loss stop me from following the system.
🧱 Support & Resistance Levels
Resistance Zones: 23,030 | 23,100 | 23,220
Support Zones: 22,705 ~ 22,680 | 22,625 | 22,515 ~ 22,470
🧠 Final Thoughts
“No trade is a trade, and not losing money is the same as earning money.”
Being a conservative trader, I’ve decided that the best move right now is to stay away from the chaos. With the monthly expiry coming up on Monday and a holiday on Tuesday, the risk of getting trapped in wild swings is too high for me.
I plan to avoid trading on Monday and instead use the next four days to relax and enjoy time with my family. Sometimes, the best thing a learner can do is step back and let the market find its own way.
Wishing you all a calm and peaceful long weekend!
✏️ 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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.