Nifty Analysis EOD – March 20, 2026 – FridayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – March 20, 2026 – Friday 🔴 The Harami Cross: Bulls and Bears in a Standoff after a 23,300 Rejection. 🗞 Nifty Summary Today’s session was quite spectacular to watch, showing a classic fight between bulls and bears. Nifty started with a 43-point Gap Up, which was a bit disappointing considering Gift Nifty was up more than 100 points earlier in the morning. This gap-up failure suggested right from the start that there was some selling pressure or at least a lack of strong conviction. After the open, the index rose about 188 points to reach the 23,300 resistance zone. I noticed multiple attempts to break this level, but every rise was met with aggressive selling. You can see it clearly on the chart—after failing several times to cross 23,300, Nifty fell all the way back to the day’s low, gradually filled the opening gap, and eventually took support at the Previous Day Close (PDC). We ended the day with a 112-point gain on a closing basis, but only a 47-point gain from where we closed Intraday. Technically, today’s movement was completely inside yesterday’s range. With the total range being about 277 points—which is roughly half of what the Gladiator indicator is showing—and the daily candle forming a Doji, it looks like the market is coiling up and waiting for a fresh direction. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 23,110.15 High: 23,345.15 Low: 23,067.60 Close: 23,114.50 Change: +112.35 (+0.49%) 🏗️ Structure Breakdown Type: Indecision candle (Doji). Range: ≈ 278 points — moderate volatility compared to yesterday. Body: ≈ 4 points — almost no real body, showing a total standoff. Upper Wick: ≈ 231 points — very strong rejection from the 23,300 area. Lower Wick: ≈ 43 points — mild buying support near the lows. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 423.24 IB Range: 209.80 → Medium Market Structure: Balanced Trade Highlights: 10:18 Short Trade: SL Hit 11:22 Long Trade: SL Hit (Big Mistake: I jumped in too early without confirmation, just anticipating a breakout of 23,300). Trade Summary: Today was a bit of a struggle for my personal discipline. I took two stop-losses. The second one was a clear mistake on my part—I let my anticipation of a 23,300 breakout get the better of me and entered before the market actually gave a signal. Trading and psychology are feeling a little bit tougher these days. 🧱 Support & Resistance Levels Resistance Zones: 23,110 | 23,175 | 23,300 (The Wall) | 23,380 ~ 23,410 Support Zones: 22,930 | 22,840 ~ 22,800 | 22,736 | 22,500 🧠 Final Thoughts “The 23,300 level remains a heavy lid on this consolidation.” The combined two-day pattern has formed a “Harami Cross”. This is a very interesting setup, and as a lifelong learner, I know this usually means we need to wait for a breakout of this range. For Monday, the opening tick will be very important. I won’t be guessing the direction; I’ll just wait to see where it opens and how it reacts to yesterday’s high and low. ✏️ 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.