Nifty Analysis EOD – April 7, 2026 – TuesdayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – April 7, 2026 – Tuesday 🔴 Channel Breakout: Bulls Conquer 23,025 After a High-Voltage Intraday Recovery. 🗞 Nifty Summary Today was a total rollercoaster ride and a clear sign of a strong fight between bulls and bears. Under the weight of geopolitical events, Nifty started with a 186-point Gap Down. After the opening bell, the index fell another 50 points to find support in the 22,720 ~ 22,760 zone. From those lows, the bulls initiated a sharp recovery, though they were briefly held back by a long-term trendline. Once that was cleared, the index reached the Previous Day Close (PDC), which acted as a heavy ceiling level. At the PDC, the index faced strong resistance. After multiple failed attempts at breaching it, Nifty cooled down for almost 2 hours and stayed range-bound within a 50-point range between the PDC and the Initial Balance High (IBH), forming a Box pattern. Around 1:30 PM, this box and the PDC level were finally breached, followed by the formation of an MC Pattern. The index spent another 50 minutes consolidating inside this MC zone (effectively another 50-point consolidation box). The final explosion happened at 2:45 PM; Nifty broke the MC zone and charged north, adding about 200 points from the lower zone of the MC consolidation. We marked a day high of 23,153.85 and ended at 23,129.95 (Adjusted: 23,123.65), gaining +155.40 points (+0.68%). On this expiry note, the bulls emerged as clear winners, successfully closing above the 23,025 crucial level with an extra lead of 100 points. While today’s close is above the PDH and the upper band of the channel—showing a clear breakout—bulls still need to give a closing above the 23,185 ~ 23,210 zone for confirmation of Longer Time Frame Trendline Breakout. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 22,838.70 High: 23,153.85 Low: 22,719.30 Close: 23,123.65 Change: +155.40 (+0.68%) 🏗️ Structure Breakdown Type: Bullish candle with a strong closing. Range: ≈ 435 points — high volatility. Body: ≈ 285 points — reflects strong buying pressure throughout the afternoon. Upper Wick: ≈ 30 points — minor resistance encountered near the day high. Lower Wick: ≈ 119 points — moderate buying support seen at the morning dips. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 489.37 IB Range: 181.75 → Medium Market Structure: Balanced (Morning) → Expansion (Afternoon) Trade Highlights: 09:55 Long Trade: Target Hit (R:R 1:1.63) 10:34 Short Trade: SL Hit 10:53 Short Trade: Trailing SL Hit 13:13 Long Trade: Target Hit (R:R 1:3.34) Trade Summary: Today was a real battle. I managed to catch the early bounce, but the mid-day chop was tricky, resulting in a stop-loss and a trailing hit on the short side. However, staying patient for the afternoon breakout paid off. The 1:13 PM long trade was the winner of the day. 🧱 Support & Resistance Levels Resistance Zones: 23,185 ~ 23,210 (Critical) | 23,315 | 23,455 Support Zones: 23,025 (Flipped) | 22,880 | 22,820 ~ 22,770 | 22,675 🧠 Final Thoughts “The channel is broken, but the events ahead will test the bulls’ conviction.” It will be tough to expect a bullish continuation day immediately. There are two major events looming in the upcoming days: 1st is Trump’s final deadline, and 2nd on Thursday is the Monetary Committee policy announcement. Furthermore, Nifty has formed a higher high for 3 consecutive sessions and likely needs a “pause day” before tackling the next important level. Already, Nifty is slowing down in terms of range. It would be a great setup if tomorrow Nifty stays between 22,880 ~ 23,220. I know it’s bold talk to consider such a specific range of movement, but a pause here would build strength for the next move. If 23,185 ~ 23,210 breaks, I wouldn’t be surprised to see 23,455. I will be waiting and watching closely how Nifty reacts at these peaks before planning a bullish trade. ✏️ 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.