Nifty Analysis EOD – July 7, 2026 – TuesdayNifty 50 IndexNSE:NIFTYkzatakia🟢 Nifty Analysis EOD – July 7, 2026 – Tuesday 🔴 Gap, Grind, Give Back: Nifty Touches 24,530 Then Fades to 24,398 🗞 Nifty Summary Nifty gapped up 47 points above the PDH, opening with continuous bullish sentiment. After the first tick, it filled the gap and found a base near PDC, marking the day low almost exactly at that level. From there, Nifty climbed gradually, breaking above PDH, 24,480, IBH, and 24,500 ~ 24,510, eventually marking the day high at 24,530.70. After hovering above 24,500 for close to an hour, it failed to push any higher. Around 12:10 PM, price came down below the trendline and started falling sharply, losing 111 points from the day high and testing the IBL ~ PDC level. From that level it tried to build a base and managed a 50-point recovery, reaching VWAP — where selling pressure came in again and pushed Nifty down another 122 points, taking it to the 24,350 support level. The day closed at 24,355.10 without much of a bounce back, though the adjusted close came in at 24,398.70, about 50 points above the day low. The daily candle closed bearish with wicks on both sides, reflecting a moderate-volatility, somewhat indecisive finish after the intraday swings. Overall the day gave opportunities on both sides, with high volatility likely tied to expiry-day adjustments. Bullish sentiment might continue tomorrow — today marked the 6th consecutive day forming an HH-HL structure — but the rejection from 24,500 looks like this momentum could be fading. 24,285 ~ 24,235 is the level to watch; a break there might be an early sign to observe in tomorrow’s session. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,464.45 High: 24,530.90 Low: 24,348.95 Close: 24,398.70 Change: −31.65 (−0.13%) 🏗️ Structure Breakdown Type: Bearish candle with wicks on both sides — a pullback from the highs with sellers slightly ahead Range: ≈182 points — moderate volatility Body: ≈65.75 points — sellers had the edge, but not by a wide margin Upper Wick: ≈66.45 points — rejection showing up near the day high Lower Wick: ≈49.75 points — some demand stepping in near the day low 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 225.92 IB Range: 64.95 → Small Market Structure: ImBalanced Trade Highlights: 09:42 Long Trade: Target Hit (R:R 1:1.52) 11:00 Long Trade: Target Hit (R:R 1:1.23) 12:13 Short Trade: Target Hit (R:R 1:2.31) 13:39 Short Trade: SL Hit 14:59 HERO ZERO Trade: Target Hit (R:R 1:6.2) Trade Summary: Four out of five trades hit target today, with both longs early and the shorts after the reversal working out well. The Hero Zero trade in the last hour was the standout, closing out the session on a strong note. Days like this remind me why sticking to the system matters more than trying to predict every swing. 🧱 Support & Resistance Levels Resistance Zones: 24460 | 24500 ~ 24520 | 24600 Support Zones: 24285 ~ 24235 | 24160 | 24125 🧠 Final Thoughts “A gap can open the door, but it’s the follow-through that decides who walks through it.” What stood out today was how quickly the rejection came once 24,500 was tested — six days of higher highs and higher lows, and the first real sign of hesitation showed up right there. If 24,285 ~ 24,235 holds, the broader up move could still be intact, but a break below that zone might be the first real crack in this run. On the upside, 24,500 ~ 24,520 and 24,600 are the zones I’m watching for any fresh push higher. Expiry days test patience more than strategy, and today was no exception. Sticking to the plan through both the rally and the fade felt like the right call, and that’s really all I can ask of myself. ✏️ 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.