Nifty Analysis EOD – 22 Jun 2026 – MondayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – 22 Jun 2026 – Monday 🔴 Rangebound Reckoning: Bears Hold the 24,125 Fort 🗞 Nifty Summary Back at the desk after a long stretch away. Delivering physical trading lectures and developing new tools kept the notes on hold. Good to be writing again. Nifty opened with a 66-point gap-up, and for a brief moment, the geopolitical fog of the weekend seemed to lift enough to hand the bulls a clear bias. The first minute anchored the day’s low at 24,073.15 — just 37 points below the open — and from the opening tick the index climbed 38 points to carve out the IB. A small, tight range, but it set the tone. What followed was a lesson in patience — and traps. After nearly an hour and a half of consolidation above IBH, the market staged a false IBH Breakout, a classic false IBH breakout and fell below IBH and VWAP. Over the next two hours, price coiled in a suffocating 15–20 point range, testing the conviction of every intraday participant. The fakeout of the swing low did exactly what it was designed to do — trapped the early movers who had leaned short. Then post-3:00 PM, the session showed its hand. A clean, one-sided ~60-point slide unfolded without little resistance, and the day closed near session lows. The structure tells the full story: the entire day’s movement stayed within the IB range, the IBH fakeout was the only 20-point swing, and the price returned to roughly where it started. A textbook rangebound Monday. Total range: 94.90 points. IB range: 75.55 points — nearly the whole day captured during the IB formation period. For the next session: 24,000 ~ 23,980 is the last line of defence for bulls — a failure there opens the door to 23,890 and 23,790. Bears, meanwhile, are firmly defending their fort at 24,090 ~ 24,125. Tomorrow brings weekly expiry. After a day like today — coiled, rangebound, unresolved — the unwinding could be sharp. Stay alert. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,106.60 High: 24,168.05 Low: 24,073.15 Close: 24,102.90 Change: +89.80 (+0.37%) 🏗️ Structure Breakdown Type: Spinning Top — indecision candle, buyers and sellers cancelled each other out Range: ≈ 95 points — moderate volatility Body: ≈ 4 points — near-doji body, reflects complete neutrality between buyer and seller pressure Upper Wick: ≈ 65 points — clear supply rejection at the highs; bulls could not hold above IBH Lower Wick: ≈ 34 points — demand held the opening gap zone, but without conviction 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 252.39 IB Range: 75.55 → Small Market Structure: ImBalanced Trade Highlights: 10:10 Long Trade: SL Hit Trade Summary: The long at 10:10 didn’t work out — the IBH fakeout had more teeth than the setup suggested, and the SL was hit cleanly. One trade, one loss, clean exit. Lower Value CPR Relationship with IBH Breakout rarely gifts smooth follow-through, and today was a reminder of that. 🧱 Support & Resistance Levels Resistance Zones: 24,180 | 24,240 ~ 24,275 Support Zones: 24,000 ~ 23,980 | 23,890 | 23,790 🧠 Final Thoughts “A rangebound day is not a wasted day — it is the market loading the spring.” Today was about what didn’t happen as much as what did. No breakout, no trend, no resolution — just the market consolidating at a fork, waiting for a reason to commit. The candle structure says it plainly: four points of body on a 95-point range. Neither side won. Tomorrow’s expiry might change the equation. 24,000 ~ 23,980 is where the bull case either holds or cracks — below that, the structure deteriorates fast toward 23,890 and 23,790. On the upside, any move that clears and sustains above 24,125 puts 24,180 and 24,240 ~ 24,275 back in play. After a long break from writing, it's good to be back at the desk. Expiry weeks demand presence — tomorrow, the plan is to wait for the range to break cleanly before committing. No anticipation, no rushing. Let the market form IB first and show its direction. ✏️ 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.