Nifty Analysis EOD – March 4, 2026 – WednesdayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – March 4, 2026 – Wednesday 🔴 Panic at the Open: Nifty Tests Oversold Territory with a 426-Point Gap Down. 🗞 Nifty Summary With the clouds of war and geopolitical uncertainty looming, the Nifty resumed trading after the holiday with a staggering 426-point Gap Down. In this environment of extreme panic, technical analysis often takes a back seat, yet the index’s slide into an oversold zone triggered the expected profit-booking bounce. After the opening bell, Nifty attempted a 50-point rise but failed to sustain above 24,575, sliding further to find a floor at 24,305 during the Initial Balance (IB) formation. For the majority of the session, the index remained trapped in a 170-point range. Around 2:00 PM, a burst of momentum saw Nifty break the IBH to initiate a gap-filling process, reaching a day high of 24,602.45—precisely testing the previous session’s low. However, the recovery was short-lived; a sharp 150-point plunge in the final 30 minutes forced the index back to the IBH, closing the day at 24,473.95 (Adjusted close: 24,480.50). This late rejection confirms that while bulls are attempting to bargain-hunt, bears remain aggressive sellers on every significant rise. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,388.80 High: 24,602.45 Low: 24,305.40 Close: 24,480.50 Change: -385.20 (-1.55%) 🏗️ Structure Breakdown Type: Bullish-bodied candle (intraday recovery) despite the heavy net loss. Range: ≈ 297 points — high volatility expansion. Body: ≈ 92 points — moderate recovery strength from the opening dip. Upper Wick: ≈ 122 points — strong rejection from the gap-fill zone. Lower Wick: ≈ 83 points — buying support emerging from the 24,300 base. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 342.02 IB Range: 161.5 → Medium Market Structure: Imbalanced Trade Highlights: 12:37 Long Trade: SL Hit (Mistake: Entered early on the trendline breakout attempt). 12:55 Long Trade: Target Hit (R:R 1:1.88) (Trendline Breakout). 14:05 Long Trade: Target Hit (R:R 1:1.45) (IBH Breakout). Trade Summary: Today was a lesson in patience. I rushed the first entry at 12:37 and took a stop-loss. By staying calm and waiting for clearer confirmation, the later trades at 12:55 and 14:05 recovered the loss and captured the momentum. Simple discipline saved the day. 🧱 Support & Resistance Levels Resistance Zones: 24,570 | 24,825 | 24,950 ~ 24,980 Support Zones: 24,385 | 24,300 (Critical Floor) 🧠 Final Thoughts For the upcoming session, I have no technical words left to offer. In times of global suffering and uncertainty, our charts feel very small. I am simply offering a prayer for peace and the well-being of all: सर्वे भवन्तु सुखिनः सर्वे सन्तु निरामयाः सर्वे भद्राणि पश्यन्तु मा कश्चिद् दुःखभाग्भवेत्॥ May all be happy May all be free from illness May all see what is auspicious May no one suffer ✏️ 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.