🟢 Nifty Analysis EOD - May 14, 2025 - Wednesday 🔴
Day Ends with Directional Uncertainty from Nifty
🔍 Nifty Summary
Nifty opened with a 35-point gap-up, displaying early strength by slowly climbing toward 24,747, which aligned with the critical resistance zone of 24,768–24,800 and the CPR top. But that’s where the rally halted.
From the day’s high, it reversed lower, testing both the Previous Day Low (PDL) and Previous Week High (PWH). Interestingly, the index took support there and managed to close right at the CPR, underlining indecision.
The day was marked by broad consolidation within a 232-point range, with no strong directional follow-through. Price stayed majorly around the CPR zone, signaling a range-bound session with underlying uncertainty.
🕵️ Intraday Walk
☀️ Opened with 35-point gap-up; gradually climbed to 24,747.
🚫 Hit resistance at 24,768–24,800 and reversed.
🔽 Fell to test PDL and PWH zone (24535 area).
🛑 Found support and bounced back to close at CPR.
🔄 A day filled with range-bound movement and no clear trend.
📏 Inside Bar Pattern Watch (Daily Chart)
A 3-day Inside Bar Structure is forming:
📅 May 12: Mother Candle
📅 May 13: Baby candle (ignore 29-point upper wick)
📅 May 14 (Today): Another baby candle within May 13 (ignore 12-point lower wick)
This nested inside bar scenario could trigger a directional breakout soon.
🔼 Upside Levels:
If today’s high (24,767) breaks:Target Zones: 24,800 → 24,882 → 24,940
🔽 Downside Levels:
If today’s low (24,535) breaks:Target Zones: 24,480 → 24,400 → 24,365 → 24,330
🔎 Key Fib Observations
📏 Today’s high (24,747) = ~50% retracement of May 13’s candle → signals rise-on-sell tone
📉 Today’s close (24,640) = ~50% retracement of today’s candle → neutral-to-positive bias
These confluences reflect a tug-of-war between bulls and bears, waiting for a breakout.
🕯 Daily Candle Breakdown
Candle Type: Small-bodied candle inside previous day’s range
Today’s OHLC:▫️ Open: 24,613.80▫️ High: 24,767.55▫️ Low: 24,535.55▫️ Close: 24,666.90 (▲+88.55 / +0.36%)
🔍 Key Observations:
⚠️ No directional expansion, despite higher high & low
✅ Inside bar formation continues
✅ Close at candle midpoint → Neutral, with slight positive bias
📊 Sign of energy build-up for a potential breakout
🛡 Gladiator Strategy Update
Strategy Parameters
ATR: 349.73
IB Range: 169.70 → 📏 Medium IB
Market Structure: ⚖️ Balanced
Trade Highlights
⚠️ No trade triggered
💼 Total Trades: 0
🔢 Support & Resistance Levels
🟩 Resistance Zones:
24,730
24,768 ~ 24,800
24,882
24,980 ~ 25,000
25,100 ~ 25,128
25,180 ~ 25,212
🟥 Support Zones:
24,882
24,800 ~ 24,768
24,730
24,660
24,590
24,530 ~ 24,480
24,461
24,420 ~ 24,400
24,365 ~ 24,330
24,245 ~ 24,240
🔮 What’s Next?
A 3-day Inside Bar Formation generally signals a volatility contraction phase. The tighter the coil, the stronger the potential breakout.
If 24,767 breaks, bulls might regain momentum.If 24,535 fails, we may retest deeper supports from 24,480 downward.
📌 Patience over prediction — let the range resolve.
💬 Final Thoughts
“Inside bars are calm before the storm. Stay alert — breakout decides the next play.”
✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action.
Day Ends with Directional Uncertainty from Nifty
🔍 Nifty Summary
Nifty opened with a 35-point gap-up, displaying early strength by slowly climbing toward 24,747, which aligned with the critical resistance zone of 24,768–24,800 and the CPR top. But that’s where the rally halted.
From the day’s high, it reversed lower, testing both the Previous Day Low (PDL) and Previous Week High (PWH). Interestingly, the index took support there and managed to close right at the CPR, underlining indecision.
The day was marked by broad consolidation within a 232-point range, with no strong directional follow-through. Price stayed majorly around the CPR zone, signaling a range-bound session with underlying uncertainty.
🕵️ Intraday Walk
☀️ Opened with 35-point gap-up; gradually climbed to 24,747.
🚫 Hit resistance at 24,768–24,800 and reversed.
🔽 Fell to test PDL and PWH zone (24535 area).
🛑 Found support and bounced back to close at CPR.
🔄 A day filled with range-bound movement and no clear trend.
📏 Inside Bar Pattern Watch (Daily Chart)
A 3-day Inside Bar Structure is forming:
📅 May 12: Mother Candle
📅 May 13: Baby candle (ignore 29-point upper wick)
📅 May 14 (Today): Another baby candle within May 13 (ignore 12-point lower wick)
This nested inside bar scenario could trigger a directional breakout soon.
🔼 Upside Levels:
If today’s high (24,767) breaks:Target Zones: 24,800 → 24,882 → 24,940
🔽 Downside Levels:
If today’s low (24,535) breaks:Target Zones: 24,480 → 24,400 → 24,365 → 24,330
🔎 Key Fib Observations
📏 Today’s high (24,747) = ~50% retracement of May 13’s candle → signals rise-on-sell tone
📉 Today’s close (24,640) = ~50% retracement of today’s candle → neutral-to-positive bias
These confluences reflect a tug-of-war between bulls and bears, waiting for a breakout.
🕯 Daily Candle Breakdown
Candle Type: Small-bodied candle inside previous day’s range
Today’s OHLC:▫️ Open: 24,613.80▫️ High: 24,767.55▫️ Low: 24,535.55▫️ Close: 24,666.90 (▲+88.55 / +0.36%)
🔍 Key Observations:
⚠️ No directional expansion, despite higher high & low
✅ Inside bar formation continues
✅ Close at candle midpoint → Neutral, with slight positive bias
📊 Sign of energy build-up for a potential breakout
🛡 Gladiator Strategy Update
Strategy Parameters
ATR: 349.73
IB Range: 169.70 → 📏 Medium IB
Market Structure: ⚖️ Balanced
Trade Highlights
⚠️ No trade triggered
💼 Total Trades: 0
🔢 Support & Resistance Levels
🟩 Resistance Zones:
24,730
24,768 ~ 24,800
24,882
24,980 ~ 25,000
25,100 ~ 25,128
25,180 ~ 25,212
🟥 Support Zones:
24,882
24,800 ~ 24,768
24,730
24,660
24,590
24,530 ~ 24,480
24,461
24,420 ~ 24,400
24,365 ~ 24,330
24,245 ~ 24,240
🔮 What’s Next?
A 3-day Inside Bar Formation generally signals a volatility contraction phase. The tighter the coil, the stronger the potential breakout.
If 24,767 breaks, bulls might regain momentum.If 24,535 fails, we may retest deeper supports from 24,480 downward.
📌 Patience over prediction — let the range resolve.
💬 Final Thoughts
“Inside bars are calm before the storm. Stay alert — breakout decides the next play.”
✏️ 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.