Nifty Analysis EOD – September 3, 2026 – ThursdayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – September 3, 2026 – Thursday 🔴 Gap, Grind, Fade: Nifty's Round Trip From 24,025 to 23,873 🗞 Nifty Summary Today’s price action was dramatic. The day started on a positive note with a gap-up open right at the strong resistance zone. From there, price slipped 70 points to find support at 23,950, then climbed back to the day’s high, pushing into that same resistance zone at 24,010 ~ 24,025 once again. It couldn’t hold there either, and the index gradually drifted down toward the PDH, near 23,900. That was around 12:20 PM, and from there the market settled into a battle zone — bulls looking to buy the dip, bears (already in control) trying to drag it lower. That tug-of-war played out right on the chart. The rest of the session stayed stuck in a tight 20~40 point range, printing a handful of patterns along the way — a box formation, an MC pattern, an HTF (25 min) double inside bar — all of it inside a broader Megaphone structure. The 3:15 PM close came in at 23,903.90, and CAS dragged it another 30 points lower to 23,873.45. Yesterday’s strength and momentum were missing on the chart today. A daily close above CPR still leaves a little hope for bulls, but not much to work with. The candle itself closed strong bearish, right on the low with almost no lower wick — sellers stayed in control into the close. Let’s see: does yesterday’s low hold, or do bulls attempt to capture 24,010 ~ 24,025 again and close above it? 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 23,997.95 High: 24,025.40 Low: 23,873.45 Close: 23,873.45 Change: −41.00 points (−0.17%) 🏗️ Structure Breakdown Type: Strong Bearish — closed right on the low with barely any lower wick, sellers firmly in control into the bell Range: ≈ 151.95 points — moderate volatility Body: ≈ 124.50 points — a big-bodied red candle, sellers pushing through most of the session Upper Wick: ≈ 27.45 points — a small rejection near the high before sellers took over Lower Wick: ≈ 0 points — no cushion at all, closed right on the low 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 176.83 IB Range: 70.05 → Medium Market Structure: ImBalanced 🧱 Support & Resistance Levels Resistance Zones: 23,935 | 23,975 | 24,010 ~ 24,025 | 24,070 Support Zones: 23,850 ~ 23,835 | 23,785 | 23,650 🧠 Final Thoughts “Some days the market isn’t trying to go anywhere — it’s just testing who blinks first.” Twice today the index tried to push through 24,010 ~ 24,025, and twice it got turned away — that zone held firm both times. Outside of that, the whole session felt like it was stuck inside its own Megaphone pattern, chopping without really going anywhere. If 23,850 ~ 23,835 holds up, there’s room for another attempt back toward 23,975 and maybe 24,010 ~ 24,025 again. A break below that zone could open the door toward 23,785 and eventually 23,650. Nothing about today felt like it was in a hurry to pick a direction, so tomorrow I’m just watching to see which side actually commits first before doing anything. ✏️ 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.