Nifty Analysis EOD – April 6, 2026 – MondayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – April 6, 2026 – Monday 🔴 23,000 Doorstep: Bulls Shake Off Geopolitical Trauma with a 450-Point Reversal. 🗞 Nifty Summary The week began with quite a shock. Nifty opened with an 88-point Gap Up above the PDH, but the positivity was short-lived. Within the first minute, the index slipped 206 points to mark an early low at 22,561.90, right in our support zone. It felt like the market was still under the “trauma” of the last three days of geopolitical news. For a good portion of the morning, Nifty stayed range-bound between 22,560 ~ 22,675. There was even a moment where it broke the morning low by 20 points to trap some buyers, but our support zone at 22,555 ~ 22,535 held firm. By 12:45 PM, a Double Bottom pattern was confirmed with a neckline break. This sparked a sharp rally that added another 200 points, slicing through the intraday trendline, PDH, and IBH. After a brief 50-minute consolidation near 22,875, another breakout added 100 points, leading Nifty to a day high of 22,998.35. We missed the psychological 23,000 mark by just 2 points! The index closed at 22,959.45 (Adjusted close: 22,968.25), gaining +1.12%. While this was a strong show by the bulls, we actually underperformed compared to Bank Nifty’s massive 2.06% gain. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 22,780.30 High: 22,998.35 Low: 22,542.95 Close: 22,968.25 Change: +255.15 (+1.12%) 🏗️ Structure Breakdown Type: Strong bullish candle with a long lower tail. Range: ≈ 455 points — high volatility. Body: ≈ 188 points — shows steady buying strength throughout the second half. Upper Wick: ≈ 30 points — minimal resistance encountered near the day’s high. Lower Wick: ≈ 237 points — Aggressive demand and clear rejection of lower prices. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 495.46 IB Range: 231.60 → Medium Market Structure: Balanced (Transitioned to Expansion) Trade Highlights: 11:19 Long Trade: Target Hit (R:R 1:1.59) 12:20 Long Trade: SL Hit (Caught in the volatility). 12:45 Long Trade: Target Hit (R:R 1:3.75) Trade Summary: Today was a test of resilience. I caught a small move early on, but then took a stop-loss as the market chopped around. I didn’t let that discourage me, and when the Double Bottom confirmed at 12:45 PM, I jumped back in. That final trade was the star of the day, yielding a fantastic 1:3.75 reward. It’s a great reminder that the second half of the day can completely change the story. 🧱 Support & Resistance Levels Resistance Zones: 23,025 | 23,185 ~ 23,210 | 23,315 | 23,455 Support Zones: 22,875 ~ 22,860 | 22,820 | 22,675 | 22,555 ~ 22,535 🧠 Final Thoughts “The noise of the past often masks the opportunity of the present.” For tomorrow, we are reaching a very crucial level: the 22,960 ~ 23,025 zone. This is the upper band of the channel where we’ve faced rejection four times before. Here is how I am looking to play it: Breakout Scenario: If we Gap Up above 23,025 and sustain, I’ll consider it a confirmed channel breakout. Rejection Scenario: If we Gap Down below 22,640 and sustain, I’ll assume the channel rejection is confirmed. Wait-and-Watch: If we open anywhere between 23,025 ~ 22,780, I will wait for the Initial Balance (IB) to form. That will be my guide for the next setup. Let’s see if the bulls have the strength to finally smash through this ceiling! ✏️ 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.