Nifty Analysis EOD – August 12, 2026 – Wednesday Nifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – August 12, 2026 – Wednesday 🔴 Down But Not Out: Nifty’s Late Rally Erases the Day’s Damage Near 24,365 🗞 Nifty Summary Same as yesterday, Nifty formed an Open = High (OH) candle and slipped 115 points before the IB formation near the support zone of 24,365. At this level, Nifty tried to recover but couldn’t hold and slipped down another 90 points; around 24,275, price hovered in a 15–30 point range for more than two hours. Around 2:15 PM, Nifty broke out of this range, and a sharp 107-point recovery took it back toward 24,365, with the adjusted close at 24,435.95 — 74 points up from the 3:15 close. Overall, today’s pattern looked a lot like yesterday’s, except for the sharp recovery of more than 100 points in the last hour. The daily candle formed a strong hammer at the important support level of 24,365. Today’s low of 24,266 will be the key level for the next session — until this holds, my bias stays short-term bullish. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,472.45 High: 24,473.30 Low: 24,265.95 Close: 24,435.95 Change: −35.75 (−0.15%) 🏗️ Structure Breakdown Type: Hammer — long lower wick shows a sharp rejection of lower prices right at support Range: ≈ 207 points — moderate volatility Body: ≈ 37 points — small body, open and close staying close together Upper Wick: ≈ 1 point — almost no upper wick, sellers barely got a look at higher prices Lower Wick: ≈ 170 points — strong demand stepped in well below the close, buyers defended the lows 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 193.89 IB Range: 96.75 → Medium Market Structure: ImBalanced Trade Highlights: 09:57 Short Trade: Trailing Target Hit (R:R 1:3.37) 13:14 Long Trade: Target Hit (R:R 1:4.08) Trade Summary: Both trades worked in my favor today — the system did its job on both sides of the move. A good reminder that patience through the midday chop pays off when the breakout finally comes. 🧱 Support & Resistance Levels Resistance Zones: 24,475 | 24,510 ~ 24,525 | 24,560 | 24,600 Support Zones: 24,420 | 24,365 ~ 24,333 | 24,265 🧠 Final Thoughts “Some days test your patience before rewarding it — the market waited until the final hour to decide.” What stood out today was how similar the setup felt to yesterday until the last hour flipped the story. The dip below 24,275 looked heavy, but the hammer forming right at 24,365 support tells me buyers were quietly stepping in even during that flat two-hour stretch. For tomorrow, 24,266 is the level I’m watching first — if that holds, this recovery could carry through toward 24,475 and maybe the 24,510–24,525 zone. A break below 24,266 would put that bullish bias on hold and open the door back toward 24,365 and lower. My plan is simple — stay patient through any early chop and let the setup confirm itself rather than forcing an entry. Two clean trades today were enough; no reason to chase a third. ✏️ 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.