Nifty Analysis EOD – July 9, 2026 – ThursdayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – July 9, 2026 – Thursday 🔴 Inside Bar, Outside Noise: Nifty's Harami Doji Sets Up a Coin-Flip Session 🗞 Nifty Summary After yesterday’s chaos, Nifty opened gap up 47 points. From the opening tick, the index moved up 149 points and formed the IB, along with a 45-point box at the IBH — both sides saw wild spikes that might have hurt a lot of intraday traders. Nifty made multiple failed attempts to break IBH (rounding level 24,080). In this process, it formed an ascending triangle pattern. Around 2:05 PM this broke, but that attempt turned out to be a fakeout. The second attempt successfully broke the ascending triangle pattern to the downside at 2:35 PM, and price fell sharply into the IBL, where it found support and recovered 57 points, closing at 23,981.90 (adjusted close 23,962.80). The daily candle formed a Doji, with today’s entire price action staying inside the previous day’s range — together, both candles are creating an Inside Bar, specifically a Harami Doji pattern. We know how to play this pattern, so I’ll be ready for a range breakout on either side in tomorrow’s session. We’re still under geopolitical tension, so I’d rather avoid holding a position overnight. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 23,928.95 High: 24,134.70 Low: 23,925.70 Close: 23,962.80 Change: +80.75 (+0.34%) 🏗️ Structure Breakdown Type: Doji — long upper wick rejection, almost no lower wick, indecision at the highs Range: ≈ 209 points — moderate volatility Body: ≈ 34 points — buyers and sellers basically cancelled each other out Upper Wick: ≈ 172 points — sellers stepped in hard once IBH was tested Lower Wick: ≈ 3 points — almost no rejection at the lows, demand held right at open 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 261.67 IB Range: 149.10 → Medium Market Structure: Balanced Trade Highlights: 10:35 Short Trade: SL Hit 14:10 Short Trade: SL Hit 14:39 Short Trade: Target Hit (R:R 1:2.51) Trade Summary: The first short at 10:35 got stopped out as Nifty kept pushing into the IBH zone. The second short at 14:10 also hit SL — the fakeout breakdown caught me a touch early. The third attempt at 14:39, after the real breakdown, hit target for R:R 1:2.51 and pulled the day back into the green. Two SLs before the winner is a reminder that this range wanted to shake out both sides before it committed. 🧱 Support & Resistance Levels Resistance Zones: 24,020 | 24,110 | 24,180 | 24,280 Support Zones: 23,865 ~ 23,785 | 23,630 🧠 Final Thoughts “Some days the market isn’t choosing a side, it’s just checking who’s still paying attention.” Today felt like Nifty was testing patience more than direction — two attempts at the same triangle before it finally gave up the real move. The Doji close makes sense after a session like that; nobody really won the day outright. If 23,865 ~ 23,785 holds tomorrow, this range could still stretch a bit wider before picking a direction. A break below that, or a clean push through 24,110–24,180, might finally tell us which way this Inside Bar wants to resolve. With geopolitical tension still hanging over the market, I’m keeping size measured and staying flexible on direction rather than forcing a bias into tomorrow. ✏️ 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.