Nifty Analysis EOD – July 10, 2026 – FridayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – July 10, 2026 – Friday 🔴 Full Circle: Grinds Back to 24,200 Panic-Selling Level 🗞 Nifty Summary Another range-bound day, and this time with a smaller range than yesterday’s. Nifty opened with a 162-point gap up, trading with bullish sentiment above R1 and PDH. From the first tick, the index pushed further north, adding another 105 points to form the IB at 105 points. The rest of the day mostly stayed within this range, though mid-session activity got denser inside the 30-point band of 24,150 ~ 24,180. By the close, Nifty settled at 24,211.65, near the day’s high, with an adjusted close of 24,206.90. Today’s move also stayed inside 8th July’s big candle range, but held above yesterday’s high. The chart shows some selling pressure near 24,200, yet closing right at this level puts us in a bit of a dilemma. Today’s close lands at the exact spot where the 8th July panic selling started — so what do we make of that? Was that fear gone, or was that whole situation actually resolved? The geopolitical situation hasn’t thrown up anything fresh either way. Let’s see where we open on Monday; that should define the short-term trend bias from here. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,124.70 High: 24,228.45 Low: 24,120.35 Close: 24,206.90 Change: +244.10 (+1.02%) 🏗️ Structure Breakdown Type: Strong Bullish — buyers stayed in control right through the session Range: ≈ 108 points — low volatility Body: ≈ 82 points — reflects steady buying pressure holding up through the day Upper Wick: ≈ 22 points — some rejection near the high, minor supply showing up Lower Wick: ≈ 4 points — barely any selling at the low, sellers didn’t get much room 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 262.07 IB Range: 105.70 → Medium Market Structure: ImBalanced Trade Highlights: 09:31 Long Trade: Trailing Target Hit (R:R 1:1.19) 10:29 Short Trade: Target Hit (R:R 1:1.81) 11:53 Short Trade: SL Hit 12:45 Long Trade: SL Hit Trade Summary: I got trapped in a couple of fakeouts, so I decided to stay out and wait for an IB breakout, which kept me from getting caught in any more whipsaws. 🧱 Support & Resistance Levels Resistance Zones: 24,250 | 24,360 | 24,500 Support Zones: 24,110 | 24,040 | 23,960 | 23,865 ~ 23,785 🧠 Final Thoughts “Price can return to the same number twice and still be telling two different stories” Today felt like the market took yesterday’s gap and just sat on it. 162 points up at the open, another 105 points added early, and then most of the day just chopped around inside the IB range. If 24,200 holds through Monday’s open, this range might slowly build into something bigger. A break below 24,110 could bring the 24,040 ~ 23,960 zone back into play, and losing 23,865 ~ 23,785 opens the door to revisit lower levels. On the upside, 24,250 and then 24,360 are the zones worth watching if buyers stay in charge. Not going to read too much into the closing print at 24,200 — it’s just one more data point until Monday’s open gives us more to work with. Staying patient with the IB breakout approach worked today, and that’s probably the right way to walk into next week too. ✏️ 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.