🟢 Nifty Analysis EOD – March 24, 2026 – Tuesday 🔴
The Character Shift: Bulls Reclaim 22,800 as RSI Divergence Brews.
🗞 Nifty Summary
As I suspected in yesterday’s notes, news of geopolitical de-escalation sent Gift Nifty flying by over 800 points overnight. While much of that extreme spike faded by morning, Nifty still opened with a significant 398-point Gap Up.
The opening was volatile; the index fell 266 points from the first tick to find its footing at 22,624 within the CPR zone. From this base, the bulls launched a massive 432-point rally, slicing through the 22,800 level, the PDH, and the IBH. The move finally hit a wall at 23,050, where a sharp rejection pushed the price back down by 181 points. Nifty eventually settled at 22,958.40 (Adjusted close: 22,912.40), gaining +399.75 points (+1.78%).
Today’s action is technically important for three main reasons.
First, for the first time in a long while, the intraday movement breached the Change of Character (CHoCh), which often hints at a short-term trend reversal.
Second, on the Daily Time Frame, a bullish RSI divergence is in progress—though I’m waiting for a close above 38 on the RSI to confirm it.
Third, the bulls managed a decisive close above the 22,800 mark, which has been an important support zone.
🛡 5 Min Intraday Chart with Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 22,878.45
High: 23,057.30
Low: 22,624.20
Close: 22,912.40
Change: +399.75 (+1.78%)
🏗️ Structure Breakdown
Type: Small bullish body with long wicks (Near-Doji).
Range: ≈ 433 points — extremely high volatility.
Body: ≈ 34 points — very small real body relative to the range.
Upper Wick: ≈ 145 points — strong rejection from the 23,050 supply zone.
Lower Wick: ≈ 254 points — very powerful buying support from the 22,600 base.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 455.19
IB Range: 198.4 → Medium
Market Structure: Imbalanced
Trade Highlights:
11:44 Long Trade: Target Hit (R:R 1:1.92).
13:50 Short Trade: SL Hit.
Trade Summary: I managed to catch a good long move at 11:44 AM as the recovery gained momentum, which hit its target nicely. However, I tried to play a short reversal at 1:50 PM that didn’t work out due to volatality hit my stop-loss. One win and one loss today, but I’m grateful the system kept me on the right side of the main move for most of the morning.
🧱 Support & Resistance Levels
Resistance Zones: 23,050 | 23,200 | 23,333 | 23,410
Support Zones: 22,840 ~ 22,800 | 22,624 (Critical Floor)
🧠 Final Thoughts
“A change in character is the first step toward a new trend.”
The breach of the CHoCh and the potential RSI divergence are encouraging signs for the bulls.
For the upcoming session, if we can decisively breach 23,050, the next challenge will be the 23,333 level. On the downside, today’s low of 22,624 is now the line in the sand that must be protected.
I’ll stay practical: the war news is cooling, but the wicks on today’s candle show the fight is far from over. I will wait for the IB to form tomorrow before making my next move.
✏️ 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 Character Shift: Bulls Reclaim 22,800 as RSI Divergence Brews.
🗞 Nifty Summary
As I suspected in yesterday’s notes, news of geopolitical de-escalation sent Gift Nifty flying by over 800 points overnight. While much of that extreme spike faded by morning, Nifty still opened with a significant 398-point Gap Up.
The opening was volatile; the index fell 266 points from the first tick to find its footing at 22,624 within the CPR zone. From this base, the bulls launched a massive 432-point rally, slicing through the 22,800 level, the PDH, and the IBH. The move finally hit a wall at 23,050, where a sharp rejection pushed the price back down by 181 points. Nifty eventually settled at 22,958.40 (Adjusted close: 22,912.40), gaining +399.75 points (+1.78%).
Today’s action is technically important for three main reasons.
First, for the first time in a long while, the intraday movement breached the Change of Character (CHoCh), which often hints at a short-term trend reversal.
Second, on the Daily Time Frame, a bullish RSI divergence is in progress—though I’m waiting for a close above 38 on the RSI to confirm it.
Third, the bulls managed a decisive close above the 22,800 mark, which has been an important support zone.
🛡 5 Min Intraday Chart with Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 22,878.45
High: 23,057.30
Low: 22,624.20
Close: 22,912.40
Change: +399.75 (+1.78%)
🏗️ Structure Breakdown
Type: Small bullish body with long wicks (Near-Doji).
Range: ≈ 433 points — extremely high volatility.
Body: ≈ 34 points — very small real body relative to the range.
Upper Wick: ≈ 145 points — strong rejection from the 23,050 supply zone.
Lower Wick: ≈ 254 points — very powerful buying support from the 22,600 base.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 455.19
IB Range: 198.4 → Medium
Market Structure: Imbalanced
Trade Highlights:
11:44 Long Trade: Target Hit (R:R 1:1.92).
13:50 Short Trade: SL Hit.
Trade Summary: I managed to catch a good long move at 11:44 AM as the recovery gained momentum, which hit its target nicely. However, I tried to play a short reversal at 1:50 PM that didn’t work out due to volatality hit my stop-loss. One win and one loss today, but I’m grateful the system kept me on the right side of the main move for most of the morning.
🧱 Support & Resistance Levels
Resistance Zones: 23,050 | 23,200 | 23,333 | 23,410
Support Zones: 22,840 ~ 22,800 | 22,624 (Critical Floor)
🧠 Final Thoughts
“A change in character is the first step toward a new trend.”
The breach of the CHoCh and the potential RSI divergence are encouraging signs for the bulls.
For the upcoming session, if we can decisively breach 23,050, the next challenge will be the 23,333 level. On the downside, today’s low of 22,624 is now the line in the sand that must be protected.
I’ll stay practical: the war news is cooling, but the wicks on today’s candle show the fight is far from over. I will wait for the IB to form tomorrow before making my next move.
✏️ 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
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.