War & Nifty ! What to Do ?

Mar 2

As anticipated, Nifty opened with a gap down at 24,645, almost exactly near 24,574, which marks a very strong Demand Zone along with a Fair Value Gap. Within the first 15 minutes, the index recovered sharply by nearly 300 points from the lows, touching around 24,945. Currently, it is trading near 24,840.

Technical View

The zone around 24,575 continues to remain crucial. It holds both a Fair Value Gap and a strong demand structure.

If this level sustains, it can act as a solid base for a potential reversal. However, if this zone breaks decisively, the next important support stands near 24,450. This area could act as a CHoCH ( as marked in the Chart ) Change of Character level, effectively a make or break zone for short term structure.

Scenario Analysis

In case of further negative developments or escalation in the war situation:

A sustained break below 24,450 may bring additional pressure on the index. In that case, lower levels to watch would be:

• 24,175
• 23,950

In case of positive developments or signs of de-escalation:

The 24,550 to 24,450 zone is likely to act as a strong support and potential reversal base.

On the upside, resistance levels to monitor are:

• 24,970 as immediate stiff resistance
• 25,100
• 25,370

For bulls to regain some complete control, 25,370 needs to be taken out decisively. A sustained move above this level can open the path towards 25,500 and 25,750.

Closing Note

Markets are currently sensitive to global developments. While we continue to focus on technical structures and disciplined execution, it is equally important to hope for stability and peace. Any easing of tensions would be positive not just for markets but for humanity as a whole.

Trade with clarity. Manage risk strictly. Let price confirm the direction.

Mar 5

Trade active

as mentioned

Scenario Analysis

In case of further negative developments or escalation in the war situation:

A sustained break below 24,450 may bring additional pressure on the index. In that case, lower levels to watch would be:

• 24,175
• 23,950

In case of positive developments or signs of de-escalation:

The 24,550 to 24,450 zone is likely to act as a strong support and potential reversal base.

On the upside, resistance levels to monitor are:

• 24,970 as immediate stiff resistance
• 25,100
• 25,370



24450 acted as a Base with recent low at 24305 & recovery towards 24650

Mar 5

Note

DH 24854
Close 24765