🟢 Nifty Analysis EOD – June 5, 2025 – Thursday 🔴
🎭 Trap and Manipulation on Expiry Day
As discussed in yesterday’s note—a calm before the storm—today delivered the volatility, but not in the form anyone truly expected. Nifty opened with a 53-point gap-up, filled the gap in the first 5 minutes, and then marched upwards to hit a day high of 24,761.
But that wasn't the end…
Within just 20 minutes, Nifty spiked to 24,899—a sharp and unexpected move that defied recent technical context. Why?Because just two sessions ago (June 3), the 24,800 level was a clear rejection zone, yet today the price cut through that zone like butter, crossing the highs of the past 6 sessions—only to fall just as sharply.
📉 That’s not strength—it’s classic expiry day manipulation.
The past 16 sessions have shown candles with unusual shadows, and today added another one to the list. For swing traders, this market structure has been offering no clean entry triggers. The message is loud and clear: focus only on intraday setups and stay cautious.
🛡 5 Min Chart with Levels
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,691.20
High: 24,899.85
Low: 24,613.10
Close: 24,750.90
Net Change: +130.70 (+0.53%)
📊 Candle Structure Breakdown
Real Body: 59.70 pts (Green)
Upper Wick: 148.95 pts
Lower Wick: 78.10 pts
🔍 InterpretationThe candle paints a story of early optimism followed by profit booking or supply absorption near 24,900. Though the day closed green, the long upper shadow shows sellers dominating higher levels, leaving buyers with little to celebrate by the close.
🔦 Candle Type
🟢 Green Spinning Top with Long Upper Wick
Indicates indecision, with a bullish undertone that lacks conviction at higher levels.
📌 Key Insight
24,900 remains a psychological and technical barrier.
A bullish close above 24,900 might invite momentum traders, but until then—suspicion stays.
A breakdown below 24,600 may trigger downside interest again.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 265.01
IB Range: 148.4 → Medium IB
Market Structure: imBalanced
Trades:✅ 11:00 AM – Long Triggered → Target Achieved (1:1.5)✅ 11:50 AM – Long Triggered → Trailing SL Hit, but Target Achieved (1:4.8)
📌 Support & Resistance Zones
Resistance Levels
24,768 ~ 24,800
24,820
24,882
24,894 (Strong Resistance)
Support Levels
24,727 ~ 24,737
24,660
24,625 ~ 24,640
24,600
24,530 ~ 24,480
24,460
💭 Final Thoughts
A day of deception more than direction.This expiry session was less about trend and more about clearing premiums, trapping both sides, and faking strength in the middle of a boxed consolidation.
📌 “Not every green candle is bullish. Some are just well-disguised traps.”
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
🎭 Trap and Manipulation on Expiry Day
As discussed in yesterday’s note—a calm before the storm—today delivered the volatility, but not in the form anyone truly expected. Nifty opened with a 53-point gap-up, filled the gap in the first 5 minutes, and then marched upwards to hit a day high of 24,761.
But that wasn't the end…
Within just 20 minutes, Nifty spiked to 24,899—a sharp and unexpected move that defied recent technical context. Why?Because just two sessions ago (June 3), the 24,800 level was a clear rejection zone, yet today the price cut through that zone like butter, crossing the highs of the past 6 sessions—only to fall just as sharply.
📉 That’s not strength—it’s classic expiry day manipulation.
The past 16 sessions have shown candles with unusual shadows, and today added another one to the list. For swing traders, this market structure has been offering no clean entry triggers. The message is loud and clear: focus only on intraday setups and stay cautious.
🛡 5 Min Chart with Levels
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,691.20
High: 24,899.85
Low: 24,613.10
Close: 24,750.90
Net Change: +130.70 (+0.53%)
📊 Candle Structure Breakdown
Real Body: 59.70 pts (Green)
Upper Wick: 148.95 pts
Lower Wick: 78.10 pts
🔍 InterpretationThe candle paints a story of early optimism followed by profit booking or supply absorption near 24,900. Though the day closed green, the long upper shadow shows sellers dominating higher levels, leaving buyers with little to celebrate by the close.
🔦 Candle Type
🟢 Green Spinning Top with Long Upper Wick
Indicates indecision, with a bullish undertone that lacks conviction at higher levels.
📌 Key Insight
24,900 remains a psychological and technical barrier.
A bullish close above 24,900 might invite momentum traders, but until then—suspicion stays.
A breakdown below 24,600 may trigger downside interest again.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 265.01
IB Range: 148.4 → Medium IB
Market Structure: imBalanced
Trades:✅ 11:00 AM – Long Triggered → Target Achieved (1:1.5)✅ 11:50 AM – Long Triggered → Trailing SL Hit, but Target Achieved (1:4.8)
📌 Support & Resistance Zones
Resistance Levels
24,768 ~ 24,800
24,820
24,882
24,894 (Strong Resistance)
Support Levels
24,727 ~ 24,737
24,660
24,625 ~ 24,640
24,600
24,530 ~ 24,480
24,460
💭 Final Thoughts
A day of deception more than direction.This expiry session was less about trend and more about clearing premiums, trapping both sides, and faking strength in the middle of a boxed consolidation.
📌 “Not every green candle is bullish. Some are just well-disguised traps.”
✏️ 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.