The Road to a New All-Time HighA correction in the Nasdaq Composite toward the 27,000 area could potentially create an important foundation for the next medium-term bullish move and a return toward previous record highs.
The key point is that by “new records,” I am referring to a retest and potential breakout of the previous all-time high, rather than simply a short-term recovery.
If the Nasdaq finds support around the 27,000 level, this area could become an important base from which the index begins its next upward movement toward its previous record high and, eventually, potentially establishes a new all-time high.
This scenario can also be supported by the positive correlation between the Nasdaq and other major U.S. equity benchmarks, particularly the Dow Jones Industrial Average and the S&P 500, as well as the performance of major technology and growth-related stocks.
The broader structure of the U.S. equity market remains constructive, with the major indices continuing to trade at historically elevated levels. Recent market data also shows that the Nasdaq, S&P 500, and Dow Jones remain closely connected within the broader market cycle.
From this perspective, the current weakness can be interpreted as a correction within a broader bullish structure, rather than necessarily the beginning of a long-term bearish trend.
Medium-Term Outlook
The primary variable in this bullish scenario may not be direction, but time.
In other words, the market may require more time to complete its correction, build liquidity, and establish a stronger base before the next expansion begins.
As long as the broader market structure remains intact, the 27,000 area could become a significant support zone and a potential launch point for the next major move toward previous highs.
A successful recovery followed by a breakout above the previous record high would strengthen the bullish structure and open the possibility of new price discovery and further record highs.
The main thesis is therefore simple: the 27,000 area could represent an important medium-term accumulation and support zone, while the primary objective remains a return to the previous record high and, ultimately, the creation of a new record.
Sasha Charkhchian 
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BANKNIFTY SEPTEMBER 2ND WEEK ANALYSIS.Bank Nifty’s weekly closing at 57,369 shows that it has been consolidating in this range for the past 5 weeks. Last week, Bank Nifty formed a Doji candle on the weekly timeframe, which suggests that the period of consolidation might be over soon.If we analyse both the bull and bear case scenarios, things personally look favourable for the bulls.
Anyway, let’s discuss both the bull and bear case scenarios:
BULL CASE – If Bank Nifty is able to cross and sustain above 57,600–57,700, then we can expect the uptrend to continue up to 58,753.
BEAR CASE – If Bank Nifty breaches the support range of 57,178–56,916, then we can expect further retracement up to 56,444–56,181.
All levels are marked in the chart posted.
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NIFTY SEPTEMBER 2ND WEEK ANALYSISNifty’s weekly closing at 23,897 is clearly in favor of the bears. However, in the upcoming week we should expect high volatility, and Nifty might complete the ongoing retracement.
Due to the expected volatility, we should analyze both the bull and bear case scenarios:
BULL CASE – If Nifty is able to reclaim 24,000–24,071, then we can expect the upside to resume. This upmove would face resistance near the 24,332–24,432 zone.
BEAR CASE – If Nifty continues the ongoing retracement and breaches 23,791, then we can expect further retracement up to the 23,570–23,430 zone.
All levels are marked in the chart posted.
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Nifty 50 on a Weekly chartThe setup is based on a bearish ABCD pattern on Nifty:
A ≈ 26,500 — major swing high
B ≈ 22,100 — major swing low
C ≈ 25,000 — corrective rally and lower high
D ≈ 20,300–20,500 — projected Fibonacci extension target
The bearish view is strengthened if Nifty continues to face resistance below 25,000. The preferred trade is to look for a confirmed bearish rejection around 24,200–24,600, with a stoploss above the C zone.
The most important confirmation comes if 22,100 breaks and later acts as resistance. That could open the path toward 21,200, followed by the final 20,300–20,500 D target zone.
Global factors such as rising crude oil, a stronger US dollar, higher US bond yields, rising volatility, and weakness in US/global equity markets could provide additional downside pressure.
Invalidation: Sustained strength above 25,000 weakens the bearish view, while a move above 26,500–26,600 would largely invalidate the setup. 
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S&P 500 Daily Chart Analysis For Week of Sep 4, 2026Technical Analysis and Outlook:
In the prior week's trading session, the S&P500 index rose progressively higher after retesting the crucial Mean Support level at 7,643 and re-marking the support level to a new Mean Support level of 7,611.
In the upside scenario, the index pattern indicates a retest of In-Force Rebound prices to the Mean Resistance level at 7,767, extending to do-over the completed Outer Index Rally at 7,815, driving through the Key Resistance level marked at 7,800.
Nevertheless, on the downside, there is a likelihood that index prices will experience steady-to-lower price movements and afterward rebound higher, as indicated in the upside scenario above. If this sequence of events fails, the downside-suggested price target is strong: Mean Support 7,611. 
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Nifty Analysis EOD – September 4, 2026 – Friday🟢 Nifty Analysis EOD – September 4, 2026 – Friday 🔴
Caged in 20 Points: Harami Doji Signals a Pause, Not a Pick
🗞 Nifty Summary
Nifty opened with a gap up, and that positive tone extended another 40 points after the opening tick before finding a base at the 23,895 ~ 23,900 support zone. From there it gradually started climbing, adding 109 points off the day’s low — in that move we saw the IBH breakout and a test of the psychological 24,000 level. Unfortunately, it couldn’t reach PDH and fell back below both PDH and VWAP.
Around 12:15 PM, the market got stuck in a cage of 20 ~ 25 points, a narrow 23,935 ~ 23,955 range for the rest of the session.
The day ended with the 3:15 closing at 23,938.40, while the CAS closing came in 40 points lower at 23,897.70.
Overall, the previous two days’ undertone is bearish, and today’s range of just 110 points stayed within the previous day’s range. The daily candle formed a Harami Doji (Inside bar with a doji), which indicates consolidation as well as the market waiting for a directional view.
My short-term directional view remains intact, as mentioned in the previous day’s note.
🛡 5 Min Intraday Chart with Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 23,910.90
High: 24,005.75
Low: 23,895.85
Close: 23,897.70
Change: +24.25 (+0.10%)
🏗️ Structure Breakdown
Type: Harami Doji — Inside Bar with a Doji, price opened, pushed toward 24K, then drifted back to close almost flat
Range: ≈ 110 points — low volatility
Body: ≈ 13 points — barely any net push from either side, buyers and sellers basically canceled out
Upper Wick: ≈ 95 points — the rejection near the 24K test, supply showed up right at that level
Lower Wick: ≈ 2 points — almost nothing here, the day’s low held without much fuss
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 172.38
IB Range: 59.40 → Small
Market Structure: Balanced
🧱 Support & Resistance Levels
Resistance Zones: 23935 | 23975 | 24010 ~ 24025 | 24070
Support Zones: 23850 ~ 23835 | 23785 | 23650
🧠 Final Thoughts
“Sometimes the market isn’t picking a side — it’s just waiting for you to blink first.”
Today felt like the market was testing patience more than direction — a strong push toward 24,000 that just couldn’t hold, followed by hours of going nowhere in a 20-point box. The Harami Doji says it plainly: nobody wants to commit yet.
If 23,935 holds up above, a move back toward 23,975 and 24,010 ~ 24,025 could open up. Lose 23,850 ~ 23,835 and the 23,785 support comes into play, with 23,650 further down if things really slip.
My short-term view hasn’t changed, so I’m staying patient rather than forcing anything on a day like this. Let the range resolve itself first.
✏️ 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. Short 
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