Nifty Analysis EOD – March 16, 2026 – MondayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – March 16, 2026 – Monday 🔴 The Oversold Bounce: Massive 547-Point Volatility Expansion! 🗞 Nifty Summary Following Friday’s deep correction into oversold territory, the Nifty delivered a spectacular and highly volatile recovery session today. The day began flat, with an initial 186-point rise to reach 23,280. However, the overhead supply proved too strong, triggering a sharp 329-point slide that breached the PDL and tested a fresh low at 22,955. This level acted as a spring; a V-shaped recovery immediately brought the index back up by 260 points. From 11:30 AM to 2:00 PM, the market went into a “silent” mode, forming a Descending Triangle pattern on small candles. The breakout at 2:05 PM was the definitive move of the day, launching a sharp 386-point rally that reclaimed the PDH and hit a day high of 23,502. Late profit-booking saw the index retreat 163 points from the peak, ending the intraday session at 23,355.60 (Adjusted close: 23,408.80), gaining +257.70 points (+1.11%). While the geopolitical situation remains uncertain, it is bold yet possible to suggest that the 22,950 zone is now entering a base-building process. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 23,116.10 High: 23,502.00 Low: 22,955.25 Close: 23,408.80 Change: +257.70 (+1.11%) 🏗️ Structure Breakdown Type: Strong Bullish Candle. Range: ≈ 547 points — Extremely high volatility expansion. Body: ≈ 293 points — Reflects strong buying conviction after the mid-day consolidation. Upper Wick: ≈ 93 points — Profit booking encountered near the day’s peak. Lower Wick: ≈ 161 points — Aggressive rejection of lower prices at the 22,955 base. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 407.39 IB Range: 186.65 → Medium Market Structure: Balanced Trade Highlights: 09:33 Long Trade: SL Hit (Caught in the initial 186-point rejection). 11:01 Long Trade: Target Hit (R:R 1:1.82) (V-shape recovery capture). 12:26 Long Trade: SL Hit (Caught in the Descending Triangle consolidation). 14:11 Long Trade: Target Hit (R:R 1:3.12) (Descending Triangle Breakout). Trade Summary: It was a high-octane day that required a lot of patience. I took two stop-losses during the choppy phases—one at the very start and one during the mid-day grind. However, staying disciplined paid off. The strategy captured the breakout at 2:11 PM perfectly, yielding a 1:3.12 reward that more than made up for the earlier losses. 🧱 Support & Resistance Levels Resistance Zones: 23,675 ~ 23,700 | 23,850 | 24,020 ~ 24,040 Support Zones: 23,200 | 23,080 | 22,955 (Critical Floor) 🧠 Final Thoughts “The 22,950 floor is the new line in the sand.” Today’s action confirms that buyers are finding value at these deeper levels. The pullback we expected from the oversold zone has arrived with force. For the upcoming session, 23,200 will act as the primary support. On the upside, the 23,675 ~ 23,700 and 23,850 zones will be tough hurdles to clear. In this geopolitical environment, anything can happen, but for now, the chart suggests bulls are trying to build a fort at the 22,950 base. ✏️ 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.