🟢 Nifty Analysis EOD – June 2, 2025 – Monday 🔴
“Relaxed day... if you forget the first and last 20 minutes!”
Nifty opened flat with a slightly negative tone and, within the first 20 minutes, collapsed over 200 points, hitting an intraday low of 24,526. However, the day had other plans. A slow and steady recovery followed, with Nifty reclaiming almost all its losses by mid-session. But just when things looked stable, the index shed 88 points in the final 20 minutes, eventually closing at 24,716.60, just 34 points lower than the previous close.
If you ignore the volatility of the first and last few minutes, the day felt calm—almost deceptive. Small and mid-cap stocks, along with Bank Nifty, saw a positive day, showcasing broad market strength despite Nifty’s indecisiveness.
🛡 5 Min Chart with Levels
📌 Diamond Pattern BreakoutAs discussed in yesterday’s note, the diamond pattern on the daily and 5-min chart finally saw a breakout today—and yes, the target was achieved. But let’s be real: with all the action packed into the opening move, most traders (including me) missed the train. A frustratingly textbook pattern—but a tricky execution.
🕯 Daily Time Frame Chart
📊 Daily Candle Breakdown
Open: 24,669.70
High: 24,754.40
Low: 24,526.15
Close: 24,716.60
Change: −34.10 (−0.14%)
Candle Structure:
🟩 Green Candle: Close > Open (46.90 pts body)
🔻 Lower Wick: 143.55 pts – Strong buying at the dip
🔺 Upper Wick: 37.80 pts – Limited rejection from top
Interpretation:Despite closing slightly lower, the candle reflects strong intraday buying after a deep dip. The long lower shadow shows support around 24,520–24,550 is active. Close near the top half signals buyers held their ground after early weakness.
Candle Type:🔨 Hammer-like: Bullish sentiment hidden in the chaos.
Key Insight:
Holding above 24,755 can trigger a fresh bullish leg.
Breach of 24,520 may invite more selling pressure.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 272.03
IB Range: 191.40 → 🔴 Wide IB
Market Structure: ImBalanced
Total Trades: 0
12:35 – Long signal came, but entry didn’t trigger. No trades taken.
🧭 Support & Resistance Levels
📈 Resistance Zones:
24,727 ~ 24,737
24,768 ~ 24,800
24,820
24,882
24,894
24,920
24,972 ~ 25,000
25,062 ~ 25,070 (5th rejection!)
25,116 ~ 25,128
25,180 ~ 25,212
25,285 ~ 25,399
📉 Support Zones:
24,700
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
🧠 Final Thoughts
"Structure se hi samjho... market bhale chhup jaye, lekin footprint chhod deta hai."Diamond breakout ho gaya, lekin execution ne dhoka diya. Lesson? Stay ready—patterns repeat, but you only profit if you’re prepared.
✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action.
“Relaxed day... if you forget the first and last 20 minutes!”
Nifty opened flat with a slightly negative tone and, within the first 20 minutes, collapsed over 200 points, hitting an intraday low of 24,526. However, the day had other plans. A slow and steady recovery followed, with Nifty reclaiming almost all its losses by mid-session. But just when things looked stable, the index shed 88 points in the final 20 minutes, eventually closing at 24,716.60, just 34 points lower than the previous close.
If you ignore the volatility of the first and last few minutes, the day felt calm—almost deceptive. Small and mid-cap stocks, along with Bank Nifty, saw a positive day, showcasing broad market strength despite Nifty’s indecisiveness.
🛡 5 Min Chart with Levels
📌 Diamond Pattern BreakoutAs discussed in yesterday’s note, the diamond pattern on the daily and 5-min chart finally saw a breakout today—and yes, the target was achieved. But let’s be real: with all the action packed into the opening move, most traders (including me) missed the train. A frustratingly textbook pattern—but a tricky execution.
🕯 Daily Time Frame Chart
📊 Daily Candle Breakdown
Open: 24,669.70
High: 24,754.40
Low: 24,526.15
Close: 24,716.60
Change: −34.10 (−0.14%)
Candle Structure:
🟩 Green Candle: Close > Open (46.90 pts body)
🔻 Lower Wick: 143.55 pts – Strong buying at the dip
🔺 Upper Wick: 37.80 pts – Limited rejection from top
Interpretation:Despite closing slightly lower, the candle reflects strong intraday buying after a deep dip. The long lower shadow shows support around 24,520–24,550 is active. Close near the top half signals buyers held their ground after early weakness.
Candle Type:🔨 Hammer-like: Bullish sentiment hidden in the chaos.
Key Insight:
Holding above 24,755 can trigger a fresh bullish leg.
Breach of 24,520 may invite more selling pressure.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 272.03
IB Range: 191.40 → 🔴 Wide IB
Market Structure: ImBalanced
Total Trades: 0
12:35 – Long signal came, but entry didn’t trigger. No trades taken.
🧭 Support & Resistance Levels
📈 Resistance Zones:
24,727 ~ 24,737
24,768 ~ 24,800
24,820
24,882
24,894
24,920
24,972 ~ 25,000
25,062 ~ 25,070 (5th rejection!)
25,116 ~ 25,128
25,180 ~ 25,212
25,285 ~ 25,399
📉 Support Zones:
24,700
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
🧠 Final Thoughts
"Structure se hi samjho... market bhale chhup jaye, lekin footprint chhod deta hai."Diamond breakout ho gaya, lekin execution ne dhoka diya. Lesson? Stay ready—patterns repeat, but you only profit if you’re prepared.
✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action.
Blogs : substack.com/@kzatakia
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Blogs : substack.com/@kzatakia
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.