🟢 Nifty Analysis EOD – May 21, 2025 – Wednesday 🔴
🌀 The Dead Cat Bounces Effect After Yesterday's Quick Fall 🌀
Nifty opened with a 45-point gap-up and, within the first 10 minutes, that gap was filled—marking a low of 24692.65. From there, a sudden burst of buying pressure launched the index above the 24768–24800 resistance zone in just 25 minutes. This sharp move triggered a round of short covering, propelling Nifty to the day’s high of 24946.20.
As shared live on TradingView, the Fib resistance zone of 24930–24940 (0.764–0.786 levels) was a key level to watch. True to expectation, Nifty faced strong rejection from this zone, leading to a V-shaped reversal—wiping out all gains in the next hour and marking a new low of 24685.35.
🌀 Screenshot from Tradingview - 1
🌀 Screenshot from Tradingview - 2
It was a rollercoaster ride in the first half. Post this, Nifty traded mostly within the CPR’s Top Central (TC) and Bottom Central (BC) range—though this range itself was 104 points, keeping the session active and far from boring.
Nifty’s close at 24813, around the VWAP and Central CPR, suggests a temporary equilibrium between buyers and sellers. The good part? We closed above the critical 24768–24800 support-turned-resistance. But there's a catch—the close is below yesterday’s Fib 0.5 retracement, signaling potential caution.
⚠️ Cautionary Note:In the short-term, today’s session fits the textbook example of a Dead Cat Bounce. With weekly expiry tomorrow, it's wise to stay alert and not get trapped in noise. Discipline and patience will be key.
🛡 25 Min Time Frame Chart
🔄 What’s Next? / Bias Direction
Wide trading range remains intact. But here’s the game plan:
📈 Long Setup:Above 24850, watch for strength with targets:→ 24920→ 24980→ 25075
📌 Above 25075, sharp short covering can drive price towards 25222 (Yes, it’s far—but good traders plan ahead, always).
📉 Short Setup:Below 24640–24625, weakness may extend down towards:→ 24500→ 24460
Let price action confirm.
🛡 5 Min Intraday Chart
🥷 Gladiator Strategy Update
Strategy Parameters
ATR: 324.57
IB Range: 151.65 → Medium IB
Market Structure: Balanced
Trade Highlights
✅ 1st Long Trigger: 10:05 AM – Target Achieved (R:R = 1:1.5)
💼 Total Trades: 1
🕯 Daily Time Frame Chart
🔍 Support & Resistance Levels
🔺 Resistance Zones:
24,882
24,920
24,980 ~ 25,000
25,062 ~ 25,070
🔻 Support Zones:
24,768 ~ 24,800
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
✍️ Final Thoughts
"Volatility doesn’t trap the prepared, it challenges them."
Tomorrow being expiry, let the levels speak. Stay objective, stay adaptive.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
🌀 The Dead Cat Bounces Effect After Yesterday's Quick Fall 🌀
Nifty opened with a 45-point gap-up and, within the first 10 minutes, that gap was filled—marking a low of 24692.65. From there, a sudden burst of buying pressure launched the index above the 24768–24800 resistance zone in just 25 minutes. This sharp move triggered a round of short covering, propelling Nifty to the day’s high of 24946.20.
As shared live on TradingView, the Fib resistance zone of 24930–24940 (0.764–0.786 levels) was a key level to watch. True to expectation, Nifty faced strong rejection from this zone, leading to a V-shaped reversal—wiping out all gains in the next hour and marking a new low of 24685.35.
🌀 Screenshot from Tradingview - 1
🌀 Screenshot from Tradingview - 2
It was a rollercoaster ride in the first half. Post this, Nifty traded mostly within the CPR’s Top Central (TC) and Bottom Central (BC) range—though this range itself was 104 points, keeping the session active and far from boring.
Nifty’s close at 24813, around the VWAP and Central CPR, suggests a temporary equilibrium between buyers and sellers. The good part? We closed above the critical 24768–24800 support-turned-resistance. But there's a catch—the close is below yesterday’s Fib 0.5 retracement, signaling potential caution.
⚠️ Cautionary Note:In the short-term, today’s session fits the textbook example of a Dead Cat Bounce. With weekly expiry tomorrow, it's wise to stay alert and not get trapped in noise. Discipline and patience will be key.
🛡 25 Min Time Frame Chart
🔄 What’s Next? / Bias Direction
Wide trading range remains intact. But here’s the game plan:
📈 Long Setup:Above 24850, watch for strength with targets:→ 24920→ 24980→ 25075
📌 Above 25075, sharp short covering can drive price towards 25222 (Yes, it’s far—but good traders plan ahead, always).
📉 Short Setup:Below 24640–24625, weakness may extend down towards:→ 24500→ 24460
Let price action confirm.
🛡 5 Min Intraday Chart
🥷 Gladiator Strategy Update
Strategy Parameters
ATR: 324.57
IB Range: 151.65 → Medium IB
Market Structure: Balanced
Trade Highlights
✅ 1st Long Trigger: 10:05 AM – Target Achieved (R:R = 1:1.5)
💼 Total Trades: 1
🕯 Daily Time Frame Chart
🔍 Support & Resistance Levels
🔺 Resistance Zones:
24,882
24,920
24,980 ~ 25,000
25,062 ~ 25,070
🔻 Support Zones:
24,768 ~ 24,800
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
✍️ Final Thoughts
"Volatility doesn’t trap the prepared, it challenges them."
Tomorrow being expiry, let the levels speak. Stay objective, stay adaptive.
✏️ 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.