Nifty Analysis EOD – June 29, 2026 – MondayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – June 29, 2026 – Monday 🔴 Tug of War at the Wall: Bulls and Bears Deadlock Below 23,970 🗞 Nifty Summary Nifty opened flat to positive and made an early attempt at 24,110, but that move didn’t hold — the index dropped sharply and found support around 24,005 before staging a strong recovery. That bounce pushed price back above the day high and broke the IBH, but the rally fizzled out quickly. From that point, Nifty fell 195 points from the day high and in that move smoothly breached PDC, PDL, IBL, and the 23,970 support level one by one. Around 12:40 PM, the index found support at 23,925 and spent the rest of the session hovering wildly in a tight 45-point range between 23,925 ~ 23,970. The 3 PM candle looked like it might follow through towards 24,005 ~ 24,025, but it disappointed and the move didn’t come. A 60-point recovery in the final 20 minutes pulled Nifty back up to close at 23,978.50 on the spot — though the average close came in at 23,946.25, sitting below the 23,970 support level. Overall, the day played out broadly as expected — bearish — with the 24,075 ~ 24,135 zone acting as resistance and the 23,970 ~ 23,925 band holding the session. After 1 PM, the intraday chart showed a clear tug of war between bulls and bears that lasted right through to the close. Tomorrow is monthly expiry for Nifty, BankNifty, and FNO stocks, and Nifty is sitting at a crucial point — fighting for the survival of its short-term bullish trend. A close below 23,825 could open the gate for 23,650 ~ 23,620. For bulls, 24,075 ~ 24,125 is now strong resistance — a close above that is needed to resume the bullish trend. Until that happens, the bias stays short-term bearish. Today’s daily candle closed well below the open with a moderate body, reflecting steady selling pressure through the session. Expiry tomorrow sets up a volatile session — the 23,925 and 24,075 levels will likely be the ones to watch. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,061.75 High: 24,120.00 Low: 23,924.55 Close: 23,946.25 Change: −109.75 (−0.46%) 🏗️ Structure Breakdown Type: Bearish candle — sellers were in control for most of the session Range: ≈ 195 points — high volatility Body: ≈ 115 points — moderate selling pressure, not a collapse but a steady drift down Upper Wick: ≈ 58 points — early bullish attempt at 24,120 got pushed back Lower Wick: ≈ 22 points — some support found near the lows, but nothing strong enough to reverse 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 256.65 IB Range: 105.30 → Medium Market Structure: Balanced Trade Highlights: 10:20 Long Trade: Target Hit (R:R 1:3.31) 10:38 Short Trade: Target Hit (R:R 1:3.78) 12:12 Short Trade: Target Hit (R:R 1:2.62) 13:55 Long Trade: Early Exit with Minor Loss Trade Summary: Three targets hit back to back in the morning session — the system did its job cleanly. The early long and short trades both worked well within the IB range, and the 12:12 short caught the afternoon slide nicely. The 13:55 long was an early exit with a minor loss — probably read the 3 PM setup as a follow-through that didn’t materialise. Overall a solid day. The one loss was small and managed well. 🧱 Support & Resistance Levels Resistance Zones: 24,025 | 24,075 ~ 24,125 | 24,190 Support Zones: 23,900 | 23,855 | 23,790 🧠 Final Thoughts “On expiry eve, the market rarely gives clear answers — it just asks harder questions.” Today’s session was a good reminder of how the same level can act like both a magnet and a wall at the same time. The 23,970 ~ 23,925 zone held for most of the afternoon, but the close below 23,970 on an average basis is something worth keeping in mind going into expiry. Tomorrow’s monthly expiry for Nifty, BankNifty and stocks adds a layer of unpredictability that plain levels won’t fully capture. The 23,925 zone and the 24,075 ~ 24,125 resistance band are the two things I’ll be watching first. A decisive move through either one early in the session could define the whole day. Going in with a neutral stance until the market shows its hand in the first 30 minutes seems like the sensible approach. Expiry days can move fast in both directions — patience at the open, and then follow what the price does. ✏️ 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.