Nifty Analysis EOD – 21 July, 2026 – TuesdayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – 21 July, 2026 – Tuesday 🔴 Defended, Not Decided: Bulls Hold 23,975 but Bears Drive the Close 🗞 Nifty Summary Nifty opened with a 48-point gap down on negative sentiment driven by geopolitical tensions. From the day’s high, it dropped sharply — a 157-point fall — where the 24,000 level tried to hold. After a 43-point recovery attempt, the index slipped again and tested the 23,975 support zone. That level held for the rest of the session like a strong floor, and from around 12:45 PM, the market settled into a tight 50-point range. The session ended in the middle of that range at 23,991.05, with an adjusted close of 23,996.25 — just below the psychological level of 24,000. Today’s close is below the previous seven sessions’ closes and confirms a fakeout of the 17th July breakout zone. Bulls still have a base in the 23,975 ~ 24,030 zone, but today it looks like that grip is weakening — bears seem to be in the driver’s seat now. The daily candle is a bearish body with a modest lower wick, suggesting some demand did show up near 23,975 but wasn’t strong enough to push back meaningfully. Tomorrow is the key session — if today’s low holds, bulls get a chance to reset; if not, 23,900 and 23,785 may come into view. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,150.45 High: 24,166.30 Low: 23,961.40 Close: 23,996.25 Change: −191.45 (−0.79%) 🏗️ Structure Breakdown Type: Bearish candle — sellers dominated the session from the open with limited recovery Range: ≈ 205 points — moderate volatility Body: ≈ 154 points — steady selling pressure through the session Upper Wick: ≈ 16 points — barely any buying above the open, supply appeared almost immediately Lower Wick: ≈ 35 points — some demand did step in near the lows, but not with enough force to matter 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 228.09 IB Range: 157.60 → Medium Market Structure: ImBalanced Trade Highlights: 10:23 Short Trade: Trailing SL Hit 11:53 Short Trade: Target Hit (R:R 1:3.81) 12:58 Short Trade: SL Hit 13:58 Short Trade: SL Hit Trade Summary: The day had four short trades — one target hit, one trailing SL, and two SL hits. The 11:53 trade did the work, closing at a solid 1:3.81 R:R, but the afternoon gave back some ground. The two SL hits in the second half were clean exits — the system did what it was supposed to, even if the outcome wasn’t in our favour. Two out of four is not the day I wanted, but the process held. Tomorrow I’ll come in fresh and let the levels do the talking. 🧱 Support & Resistance Levels Resistance Zones: 24,260 | 24,300 | 24,360 ~ 24,380 | 24,430 | 24,460 Support Zones: 24,200 ~ 24,160 | 24,100 | 24,030 🧠 Final Thoughts “The floor held today, but the market doesn't hand out ownership for just showing up.” The notable thing today was how 23,975 held through the afternoon. The index tested it, sat on it, and refused to break — but equally refused to bounce with any real intent. That kind of price action where a level holds but buying doesn’t follow is worth watching. It’s not a sign of strength; it’s more like the bears pausing before the next move. For tomorrow, 23,975 ~ 24,030 is the zone that matters. If the index opens above and defends it, bulls might get a chance to stabilise and push toward 24,100. If that floor gives way, 23,900 becomes the next meaningful area to watch, and below that 23,785 is on the map. I’ll keep the bias short until the structure says otherwise. No need to overthink it — the market has been fairly clear about direction today, and tomorrow I just need to follow what the levels show me, not what I want to see. ✏️ 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.