🟢 Nifty Analysis EOD - May 13, 2025 - Tuesday 🔴
Is it Retracement or Breakout Failed?
🔍 Nifty Summary
Nifty opened with a mild gap-down of 35 points and within the first 20 minutes, it sliced through multiple supports — Previous Day Close, 24,882, 24,801–24,768, and even 24,730 — in what looked like a determined breakdown. However, the follow-up was missing. Instead of extending lower, the index hovered indecisively near the CPR until 12:30 PM.
Post-lunch, a breakout attempt did arrive — but momentum was lukewarm. Both sides saw significant premium erosion, making it a tough day for option buyers.
Despite the early pressure, Nifty closed at 24,578 (-57 pts) — a mild negative close, but interestingly near multiple fib supports and recent swing zones, hinting at absorption.
🕵️ Intraday Walk
🔽 Broke PDC → 24,882 → 24,801–24,768 → 24,730 within 20 minutes.
🌀 Stuck inside CPR zone until 12:30 PM – volatility without trend.
📈 Breakout attempt post-lunch lacked strength.
💸 Both calls and puts decayed heavily – option writers ruled.
🧭 75-Min Chart Analysis / Zone Commentary
Market flirted with imbalance in the morning, but later balanced out, forming a neutral structure.
The rejection of deeper downside and close near key fibs point to a pause more than a trend.
🔍 Key Observations:
✅ Closed near recent swing high at 24,589
✅ Near 0.382 Fib retracement from the previous close (24,587)
✅ Near 0.618 Fib from the prior session (24,595)
❌ No follow-through after support breaks
❌ Momentum faded quickly after the breakout attempt
📌 Implication:
The market shows signs of absorption near support zones but lacks strength for a reversal — neutral to slightly bullish bias, but still cautious.
🛡 Gladiator Strategy Update
Strategy Parameters
ATR: 362.82
IB Range: 298.2 → 📏 Large IB
Market Structure: ⚖️ Balanced
Trade Highlights
📈 Long Trigger @ 12:40 PM
🎯 Target 1:1 Achieved
💼 Total Trades: 1
🔢 Support & Resistance Levels
🟩 Resistance Zones:
24,660
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?
Today’s session looked like a failed to sustain above 24800 and lack of retracement. close around the fib level, raises a question about whether is it breakout failure or just retracement ?
In short: no clarity.
📌 If Nifty holds above 24,530–24,480, it may attract buying towards 24,730–24,800 again.
📉 But a sustained break below 24,480 could invite a retest of 24,365 ~ 24,330 zone.
➡️ For now, traders should stay nimble and option buyers cautious.
💬 Final Thoughts
“Confusion is a part of clarity. Let the market reveal itself — reacting is better than predicting.”
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Is it Retracement or Breakout Failed?
🔍 Nifty Summary
Nifty opened with a mild gap-down of 35 points and within the first 20 minutes, it sliced through multiple supports — Previous Day Close, 24,882, 24,801–24,768, and even 24,730 — in what looked like a determined breakdown. However, the follow-up was missing. Instead of extending lower, the index hovered indecisively near the CPR until 12:30 PM.
Post-lunch, a breakout attempt did arrive — but momentum was lukewarm. Both sides saw significant premium erosion, making it a tough day for option buyers.
Despite the early pressure, Nifty closed at 24,578 (-57 pts) — a mild negative close, but interestingly near multiple fib supports and recent swing zones, hinting at absorption.
🕵️ Intraday Walk
🔽 Broke PDC → 24,882 → 24,801–24,768 → 24,730 within 20 minutes.
🌀 Stuck inside CPR zone until 12:30 PM – volatility without trend.
📈 Breakout attempt post-lunch lacked strength.
💸 Both calls and puts decayed heavily – option writers ruled.
🧭 75-Min Chart Analysis / Zone Commentary
Market flirted with imbalance in the morning, but later balanced out, forming a neutral structure.
The rejection of deeper downside and close near key fibs point to a pause more than a trend.
🔍 Key Observations:
✅ Closed near recent swing high at 24,589
✅ Near 0.382 Fib retracement from the previous close (24,587)
✅ Near 0.618 Fib from the prior session (24,595)
❌ No follow-through after support breaks
❌ Momentum faded quickly after the breakout attempt
📌 Implication:
The market shows signs of absorption near support zones but lacks strength for a reversal — neutral to slightly bullish bias, but still cautious.
🛡 Gladiator Strategy Update
Strategy Parameters
ATR: 362.82
IB Range: 298.2 → 📏 Large IB
Market Structure: ⚖️ Balanced
Trade Highlights
📈 Long Trigger @ 12:40 PM
🎯 Target 1:1 Achieved
💼 Total Trades: 1
🔢 Support & Resistance Levels
🟩 Resistance Zones:
24,660
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?
Today’s session looked like a failed to sustain above 24800 and lack of retracement. close around the fib level, raises a question about whether is it breakout failure or just retracement ?
In short: no clarity.
📌 If Nifty holds above 24,530–24,480, it may attract buying towards 24,730–24,800 again.
📉 But a sustained break below 24,480 could invite a retest of 24,365 ~ 24,330 zone.
➡️ For now, traders should stay nimble and option buyers cautious.
💬 Final Thoughts
“Confusion is a part of clarity. Let the market reveal itself — reacting is better than predicting.”
✏️ Disclaimer
This 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.