Nifty Analysis EOD – August 31, 2026 – MondayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – August 31, 2026 – Monday 🔴 Hammer at the Fort: Nifty Dips to 23,993 Before Buyers Step In 🗞 Nifty Summary Day started with a 21-point gap down while Gift Nifty was showing 80–100 points down, but right after the opening tick, price sharply adjusted with Gift Nifty and lost more than 100 points, breaking PDL at 24,040 and the 24,025 swing low before finding support at 23,995. The 24K level came to the rescue and price got stuck in a box after a sharp 95-point recovery from the day’s low. At 3:15, Nifty closed at 24,050, and the CAS closing came in 30 points higher at 24,080.40 — worth noting that Bank Nifty’s CAS close was 627 points above its 3:15 close at 58,004.65, almost 1% away from the 3:15 print. It raises the question again — was it MSCI, or has Bank Nifty CAS once again failed to find an equilibrium closing price? Overall, Nifty seems to be holding and reacting at the 24K level, closing at 24,080, almost right at PDL — the daily candle reflects a tight, controlled finish after the recovery, more hesitation than conviction into the bell. I’m considering that a good sign, yet tomorrow’s session is the weekly expiry, so bulls have a tough task ahead to capture and hold the fort at 24,185; otherwise bears are already in the driving seat and ready to drag it back below 24K. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,117.55 High: 24,128.70 Low: 23,993.60 Close: 24,080.40 Change: −95.25 (−0.39%) 🏗️ Structure Breakdown Type: Hammer — small red body sitting near the top of the range, with a long lower wick showing the dip got bought Range: ≈ 135.10 points — low volatility Body: ≈ 37.15 points — modest seller pressure, not much conviction on the down move Upper Wick: ≈ 11.15 points — barely any rejection at the highs, sellers didn’t push hard up top Lower Wick: ≈ 86.80 points — solid demand showing up at the lows, buyers stepped in and pulled it back 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 167.34 IB Range: 115.55 → Medium Market Structure: ImBalanced Trade Highlights: 10:26 Long Trade: Target Hit (R:R 1:1.97) 12:59 Short Trade: Target Hit (R:R 1:1.38) Trade Summary: Both trades today went the system’s way — the 10:26 long caught the recovery off the lows for a 1:1.97 target hit, and the 12:59 short read the stall near resistance well for a 1:1.38 target hit. Two clean target hits going into an expiry-eve session feels good, though I know days like this don’t come around every week. Sticking to the plan and letting the Gladiator setups do the work rather than forcing anything extra. 🧱 Support & Resistance Levels Resistance Zones: 24255 | 24285 | 24335 ~ 24365 | 24430 | 24485 Support Zones: 24170 ~ 24135 | 24085 | 24040 🧠 Final Thoughts “Buyers didn't shout today, they just quietly showed up where it counted.” What stood out today was how fast price bounced back after the gap-down, pushing straight into the 24K zone. The dip got bought quickly, and that recovery felt like the more important part of the session, not the drop itself. If 24,185 is captured and held tomorrow, bulls might have a real shot at extending this recovery through the expiry session. But if that fort gives way, it could open the door for bears to press this back below 24K again — the 24,040 and 23,995 zone becomes the level to watch on the downside. Tomorrow’s expiry, so I’m keeping size sensible and not chasing the first move either way. Letting the level do the talking and staying a bit more conservative than usual feels like the right call here. ✏️ 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.