Nifty Analysis EOD – April 28, 2026 – TuesdayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – April 28, 2026 – Tuesday 🔴 Expiry Day Drama: Bulls and Bears Trapped as the 24,180 Ceiling Holds Firm. 🗞 Nifty Summary The monthly expiry day delivered exactly the kind of drama we’ve come to expect. Nifty started the session on a weak note, opening 60 points below the previous day’s close and slipping an additional 50 points to find its initial support. However, once the low was marked, the bulls staged a spirited 182-point northern journey, reaching a day high of 24,181.80. In this process, the index successfully reclaimed both the Previous Day Close (PDC) and the Previous Day High (PDH). The victory was short-lived, however. After attempting to settle above the PDH, the index faced a sharp rejection. This supply wall pushed Nifty back down aggressively, breaking the Current Day Open (CDO) and returning all the way to the morning’s lows. The remainder of the day was spent in a wild, 60~80 point range. Nifty eventually closed at 24,016.50 (Adjusted close: 23,995.70), marking a loss of −97.00 points (−0.40%). Technically, today was a day of traps: bulls were trapped as the breakout above PDH failed, and bears were trapped because the Previous Day Low (PDL) was never breached despite the sharp morning sell-off. With a total range of 224 points—very similar to yesterday’s 195—the index remains in a consolidation phase between the boundaries set on April 24th. The long upper shadow is a clear sign that bulls are weakening at higher levels, yet their ability to hold the “fort” at the PDL keeps the structural outlook balanced. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,049.90 High: 24,181.80 Low: 23,957.05 Close: 23,995.70 Change: −97.00 (−0.40%) 🏗️ Structure Breakdown Type: Bearish candle (Close below Open). Range: ≈ 225 points — Moderate volatility during expiry. Body: ≈ 54 points — Relatively small real body, reflecting mild selling pressure. Upper Wick: ≈ 132 points — Strong rejection from higher resistance zones. Lower Wick: ≈ 39 points — Some buying support evident near the day’s lows. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 348.31 IB Range: 162.55 → Medium Market Structure: Balanced Trade Highlights: 09:45 Long Trade: Trailing SL Hit 11:06 Short Trade: Target Hit (R:R 1:3.36) 13:35 Short Trade: SL Hit (Caught in the late-day range-bound chop). Trade Summary: Expiry days are never easy, but following the levels kept me disciplined. The 11:06 AM short trade was the highlight, perfectly timing the rejection from the PDH for a solid 1:3.36 reward. While I gave back a portion of the gains during the afternoon volatility, the net result was positive. 🧱 Support & Resistance Levels Resistance Zones: 24,175 ~ 24,210 | 24,310 | 24,424 | 24,520 (Expansion Target) Support Zones: 23,815 ~ 23,775 | 23,555 ~ 23,540 (Breakdown Target) | 23,400 🧠 Final Thoughts “The market doesn’t move on hope; it moves on the exhaustion of one side or the other.” The standoff continues. Today’s high and low are now the defining boundaries for our directional view. The bulls are holding their ground at the PDL, but the massive upper shadow suggests they lack the conviction to push into higher territory right now. I will be keeping a very close watch on the 24,181 (High) and 23,957 (Low) levels. Until one of these is decisively taken out, we should expect more range-bound behaviour. ✏️ 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.