Nifty Analysis EOD – 31 July 2026 – FridayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – 31 July 2026 – Friday 🔴 Question Mark Candle: Bulls and Bears Split the Day at 24350 🗞 Nifty Summary Nifty opened with a 63-point gap up. After the initial push of about 22 points, it found resistance and dropped back to test the PDC. Around that level it found a base, then crossed PDH — but got stuck in a tight 25-point range between PDH and CDO. At 11:15, that range broke, but instead of running cleanly, it settled into yet another smaller range of about 10 points for the next 30 minutes. Finally at 12:05, the range broke and a sharp northward move began, testing the 24,420 resistance zone. From there, the index gradually fell back toward CDO, where buyers stepped in again and gave it one more push into the close. The day closed at 24,366.70, with an adjusted close of 24,383.60 — still below the 24,420 zone that capped the move twice during the session. On the daily time frame, Nifty formed a spinning top candle right at a major resistance zone, with a 130-point range — a clear sign of indecision at a critical level. Today’s high and low become very important for setting the short-term directional view. Meanwhile, we are staying with a cautious bullish tone. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 📉 Weekly Time Frame Chart 🕯 Daily Candle Breakdown Open: 24,361.45 High: 24,429.40 Low: 24,299.70 Close: 24,383.60 Change: +66.45 (+0.27%) 🏗️ Structure Breakdown Type: Spinning Top — indecision candle with a small body relative to the overall range Range: ≈ 130 points — moderate volatility Body: ≈ 22 points — reflects near-equal pressure from buyers and sellers across the session Upper Wick: ≈ 46 points — supply present above; the 24,420 zone rejected the move Lower Wick: ≈ 62 points — demand held below; buyers stepped in around PDC 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 216.89 IB Range: 100.15 → Medium Market Structure: Balanced Trade Highlights: 10:21 Long Trade: Target Hit (R:R 1:2.68) 13:31 Short Trade: Target Hit (R:R 1:1.70) Trade Summary: Both trades hit target today — a clean green finish to the week. The morning long caught the breakout from that initial base near PDC, and the afternoon short picked up the fade from 24,420. Two setups, two targets — the system did its job. A good day to step back and let the result stand as it is. 🧱 Support & Resistance Levels Resistance Zones: 24,365 ~ 24,420 | 24,500 ~ 24,530 Support Zones: 24,330 ~ 24,310 | 24,280 | 24,235 | 24,185 🧠 Final Thoughts “Indecision at resistance is not a pause — it is a negotiation still in progress.” Going into Monday, the levels to watch are clear. If 24,420 gets taken out with some follow-through, 24,500 ~ 24,530 becomes the next conversation. But if we open weak and the 24,280 ~ 24,310 zone starts giving way, the short-term picture looks more uncertain. Not expecting fireworks either way — more of a wait-and-see until the market shows its preference. Two targets in a day like this — where the index spent most of its time chopping in tight ranges before picking a direction — is a satisfying way to close the week. The plan worked, the exits held. Rest over the weekend, come back fresh on Monday. ✏️ 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.