Nifty Analysis EOD – March 18, 2026 – Wednesday Nifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – March 18, 2026 – Wednesday 🔴 The 23,000 Battle: Nifty Falls 775 Points as Tension Grips the Market. 🗞 Nifty Summary In my previous report, I mentioned keeping an eye on the 23,840 wall and expected a pullback toward the 23,300 ~ 23,400 zone. While that target was hit today, I have to admit I didn’t expect such a massive fall in a single day. But with the current war news and global tension, these kinds of wild moves are becoming hard to avoid. refer yesterday’s report here : Today, Nifty opened with a huge 521-point Gap Down, starting directly below Tuesday’s low. The first 5 minutes alone had a range of about 200 points, and the market just hovered within that range until 1:30 PM. Once the Initial Balance Low (IBL) broke, Nifty gave up another 240 points, testing Monday’s low of 22955 and marking a day low at 22,930.35. Around 3:00 PM, some profit booking and people closing their positions helped the index recover 163 points to close at 23,002.15. Interestingly, in the last 30 minutes, Nifty futures gained about a 40-point premium instead of just moving with the spot price. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 23,197.75 High: 23,378.70 Low: 22,930.35 Close: 23,002.15 Change: -775.65 (-3.26%) 🏗️ Structure Breakdown Type: Strong bearish candle. Range: ≈ 448 points — very high volatility. Body: ≈ 196 points — showing heavy selling pressure. Upper Wick: ≈ 181 points — shows the failed attempt to fill the morning gap. Lower Wick: ≈ 72 points — some buying support showed up near the day’s end. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 432.16 IB Range: 197.75 → Medium Market Structure: Imbalanced Trade Highlights: 12:17 Long Trade: SL Hit (Tried to catch a bounce, but it didn’t happen). 13:32 Short Trade: SL Hit (My mistake: entered too early and got caught in a stop-loss hunt move). 13:57 Short Trade: Target Hit (R:R 1:3.26) (Caught the breakdown to 22,930. I regret exiting early though; I left many points on the table). Trade Summary: Today was a tough one for my discipline. I took two losses earlier in the day—one trying to catch a bounce and another where I rushed my entry on a short. I did manage to get a good win on the final breakdown, but I felt a bit nervous after the first two losses and closed it too early. I’m still learning to keep my cool on such days. 🧱 Support & Resistance Levels Resistance Zones: 23,110 | 23,175 | 23,300 | 23,380 ~ 23,410 Support Zones: 22,930 | 22,840 ~ 22,800 | 22,736 | 22,500 🧠 Final Thoughts “The 23,000 level is now the ultimate crossroads for the bulls.” 🧠 Two Ways to Look at Tomorrow : 1. The Optimistic View (Is a bottom forming?): Nifty made a “Lower Low” (Closing) today, but the RSI is showing a “Higher Low.” This is called divergence. While it isn’t confirmed yet, it’s often a sign that the market is trying to build a base. It suggests we might see a bottom somewhere around 22,900 ~ 22,700. 2. The Pessimistic View (More falling ahead?): Nifty closed below last Friday’s low, which is a weak sign. This could mean a new leg of the fall is starting. If it can’t hold the 22,800 ~ 22,720 area, we might even see the 21,280 level down the road. I’m not going to guess what happens tomorrow, especially since it’s the last day of the week. I’m hoping for the optimistic view, but I’m keeping my eyes open for the pessimistic one too. ✏️ 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.