Nifty Analysis EOD – March 2, 2026 – MondayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – March 2, 2026 – Monday 🔴 Megaphone Bounce: Nifty Survives 440-Point Gap Down Amidst War Fears! 🗞 Nifty Summary Today was a day dominated by fear and geopolitical uncertainty. The Nifty opened with a massive 440-point Gap Down, starting well below what we considered the strongest support zone of 24,980 ~ 24,950. After an initial 95-point slide from the first tick, the index staged a sharp 340-point recovery from the lows, only to find that our previous support zone had now flipped into a stiff resistance ceiling. The market then silently gave back those gains, eventually testing the morning lows again around 2 PM. Just as a breakdown seemed imminent, a sudden wave of buying triggered another 310-point V-shape recovery that took the index back toward 24,915 before settling at 24,849.75 (Adjusted close: 24,865.70). Technically, today was fascinating despite the chaos. The recovery move faced a wall exactly at the Fibonacci 0.786 ~ 0.764 zone, and the daily candle managed to bounce precisely after testing a megaphone trendline (visible on the black background chart). However, a major structural shift is visible on the daily chart as the index has fallen out of its downtrend channel. Today’s lows essentially tested levels we haven’t seen since October 2025. Given how wild things are, I don’t have a clear directional view for tomorrow. I’ll just let the Initial Balance (IB) guide me and focus strictly on intraday moves until the dust settles. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,659.25 High: 24,989.35 Low: 24,603.50 Close: 24,865.70 Change: -312.95 (-1.24%) 🏗️ Structure Breakdown Type: Bullish-bodied candle (on an intraday basis) despite the deep red net change. Range: ≈ 386 points — extremely high volatility. Body: ≈ 206 points — shows a solid effort to recover from the gap. Upper Wick: ≈ 124 points — significant profit-booking and resistance near 25,000. Lower Wick: ≈ 56 points — buyers stepped in to protect the October ‘25 lows. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 317.76 IB Range: 344.25 → Extra Large Market Structure: ImBalanced Trade Highlights: 10:43 Short Trade: Target Hit (R:R 1:3.39) (IBL Breakdown). 14:06 Long Trade: Negated/No Trade (System rules). Trade Summary: I managed to catch a really nice move on the short side during the morning breakdown, which yielded a 1:3.39 reward. Later in the afternoon, a long trade triggered at 14:06, but because the risk-reward didn’t meet the system’s strict requirements, I had to pass on it. Even though I missed out on about 150 points of that final bounce, I feel proud that I stuck to my rules. In a market this crazy, discipline is the only thing that keeps you safe. 🧱 Support & Resistance Levels Resistance Zones: 24,950 ~ 24,980 | 25,090 | 25,160 Support Zones: 24,825 | 24,570 ~ 24,600 (The Last Resort) 🧠 Final Thoughts “The charts are speaking, but the world is shouting.” Today showed that even in a state of panic, technical levels like the megaphone trendline and Fibonacci zones still carry weight. However, the breakdown from the daily channel is a serious warning. I’m not going to try and be a hero by predicting the next big swing. I’ll wait for the market to open, see where the IB forms, and take it one step at a time. The focus is 100% on intraday capital protection right now. ✏️ 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.