Nifty Analysis for 04th March 2026Nifty 50 IndexNSE:NIFTYsimpletradewithpatience📊 Nifty Analysis for 04th March 2026 (Simple Chart Reading) CMP: 24,865 Current Structure: Downtrend on daily chart with continuation of lower highs Market Mood: Bearish bias with volatility expanding Nifty continues to trade in a declining structure on the daily timeframe, forming lower highs and slipping below recent range support. The broader trend remains weak as price sustains below the 25,000–25,200 region, which may now act as resistance on any recovery. Immediate resistance is placed near 25,035, followed by 25,205 and 25,421. A stronger supply zone is visible between 25,527 and 25,586, and beyond that near 25,622–25,724, where earlier selling pressure was observed. On the downside, immediate support is seen near 24,649. If weakness extends, the next supports may appear near 24,433 and 24,263. The recent bearish candles indicate continued selling interest, while short-term charts show bounce attempts that are yet to change the broader structure. For intraday reference, support levels are placed near 24,649, 24,433 and 24,263. Resistance levels are seen near 25,035, 25,205 and 25,421. The immediate supply band lies between 24,887 and 25,035, which aligns with the recent gap zone. A stronger resistance area remains between 25,527 and 25,586. If the market opens higher with a gap up and sustains above 25,035, price may attempt to move towards 25,205. If buying strength continues, an extension towards 25,421 may be possible. However, selling pressure may emerge inside the 25,205–25,421 band, and stronger rejection may appear near 25,527–25,586. If price fails after a gap up, it may drift back towards 24,887, then 24,649, and if pressure builds, towards 24,433. If the market opens directly near 25,205–25,421, upside may remain limited as this region aligns with prior supply. Rejection from this area may pull price back towards 25,035 and then towards 24,887–24,649. Sustained strength above 25,421 would be required to signal broader recovery attempts. If the market opens lower with a gap down near 24,649, price may move towards 24,433. Continued weakness may extend towards 24,263. A bounce may emerge near 24,433, and stronger demand may appear around 24,263. If recovery begins after a gap down, price may first attempt to reclaim 24,887 and then 25,035. If the market opens below 24,649, immediate downside may take price towards 24,433 and then 24,263. Any technical bounce from lower levels may face resistance near 24,887–25,035. Sustaining above that zone would be necessary to reduce immediate bearish pressure. In case of a sideways or range-bound session, price may oscillate between 24,649 and 25,035 as the immediate band. An extended range may stretch from 24,433 to 25,205. Inside this range, movement may remain rotational, breakouts may lack follow-through, and direction may depend on how price behaves near supply zones. Observationally, if price sustains above 25,586, higher reference zones may appear near 25,724, 25,800 and 26,000, where reaction patterns can be observed. On the downside, if price breaks below 24,263, reference levels may emerge near 24,000 and 23,750, where demand response can be monitored. Overall, the daily structure remains weak with price trading below prior range support. Strong supply is placed above 25,200, while immediate support lies near 24,649–24,433. A broader directional move may develop once price clearly breaks beyond this wider range. STWP View: The market remains weak below 25,205–25,421. Upside possibilities may improve only if price sustains above 25,527. Downside pressure may increase below 24,649–24,433. If both sides hold, consolidation within the lower band may continue. Early session behaviour may provide clarity on whether bounce attempts can sustain or weakness resumes. ⚠️ Disclaimer This post is intended solely for educational and informational purposes. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Market investments are subject to risk. Please consult a SEBI-registered financial advisor before making any investment decisions. STWP is not responsible for actions taken based on this analysis.