🟢 Nifty Analysis EOD – June 4, 2025 – Wednesday 🔴
A Pause with a Purpose: Calm Before the Storm?
Today’s Nifty price action was quiet and composed. The index opened with a mild 33-point gap-up, only to find resistance around the 24,600 mark—tested multiple times through the day. Eventually, it retraced to fill the gap, took support near the 24,500 zone, and spent most of the session within a tight initial balance of just 82 points.
A mid-session breakout attempt gave bulls a fleeting 30-point push, but the rally fizzled at the 24,625–24,640 resistance zone, and the index settled at 24,620.20, wrapping up the day in a 114-point range.
While the range was narrow, the price structure hints at a market in wait mode, possibly anticipating upcoming events or news flow. Patience is the key here.
🛡 5 Min Chart with Levels
📦 Bigger Picture: Still Trapped in the Box
This was the 14th session and 20th trading day stuck in a 653-point box range (24,462–25,116) formed since the 15th May breakout candle.
Nifty is now near the bottom of that range, and the 15th May Master Candle low of 24,494 is becoming crucial.
🔴 A close below that level could potentially unlock lower zones near 24,000 or even 23,800.
No need to pre-empt the move—let the market trigger, then respond.
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,560.45
High: 24,644.25
Low: 24,530.45
Close: 24,620.20
Net Change: +77.70 (+0.32%)
Candle Structure
Real Body: 59.75 pts (Green)
Upper Wick: 24.05 pts
Lower Wick: 30.00 pts
Interpretation
A quiet session with modest gains. The candle shows buyers stepping in after yesterday's sell-off, but the recovery lacked strength. The small body and limited wicks signal a day of balance—neither bulls nor bears fully in control.
Candle Type
🟩 Neutral Bullish Candle / Basic Continuation Bar
Indicates pause in selling pressure, but not yet a confirmation of bullish reversal.
Key Insight
A close above 24,645 is needed to validate any recovery attempt.
As long as 24,530–24,500 holds, short-term sentiment stays cautiously optimistic.
Tomorrow’s session will be crucial to set the tone.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 262.59
IB Range: 82.3 → Small IB
Market Structure: Balanced
Trades:
❌ No trade triggered today
📌 Support & Resistance Zones
Resistance Levels
24,625 ~ 24,640
24,660
24,727 ~ 24,737
24,768 ~ 24,800
24,820
24,882
24,894 (Strong Resistance)
Support Levels
24,600
24,530 ~ 24,480
24,460
24,420 ~ 24,400
24,365 ~ 24,330
24,245 ~ 24,240
💭 Final Thoughts:
A day of controlled consolidation in a narrow range. While the broader market may look indecisive, this could be accumulation or energy build-up for the next big directional move. Stay observant—levels are speaking louder than volume right now.
📌 "When markets whisper, smart traders listen. The quiet days often precede the loudest moves."
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
A Pause with a Purpose: Calm Before the Storm?
Today’s Nifty price action was quiet and composed. The index opened with a mild 33-point gap-up, only to find resistance around the 24,600 mark—tested multiple times through the day. Eventually, it retraced to fill the gap, took support near the 24,500 zone, and spent most of the session within a tight initial balance of just 82 points.
A mid-session breakout attempt gave bulls a fleeting 30-point push, but the rally fizzled at the 24,625–24,640 resistance zone, and the index settled at 24,620.20, wrapping up the day in a 114-point range.
While the range was narrow, the price structure hints at a market in wait mode, possibly anticipating upcoming events or news flow. Patience is the key here.
🛡 5 Min Chart with Levels
📦 Bigger Picture: Still Trapped in the Box
This was the 14th session and 20th trading day stuck in a 653-point box range (24,462–25,116) formed since the 15th May breakout candle.
Nifty is now near the bottom of that range, and the 15th May Master Candle low of 24,494 is becoming crucial.
🔴 A close below that level could potentially unlock lower zones near 24,000 or even 23,800.
No need to pre-empt the move—let the market trigger, then respond.
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,560.45
High: 24,644.25
Low: 24,530.45
Close: 24,620.20
Net Change: +77.70 (+0.32%)
Candle Structure
Real Body: 59.75 pts (Green)
Upper Wick: 24.05 pts
Lower Wick: 30.00 pts
Interpretation
A quiet session with modest gains. The candle shows buyers stepping in after yesterday's sell-off, but the recovery lacked strength. The small body and limited wicks signal a day of balance—neither bulls nor bears fully in control.
Candle Type
🟩 Neutral Bullish Candle / Basic Continuation Bar
Indicates pause in selling pressure, but not yet a confirmation of bullish reversal.
Key Insight
A close above 24,645 is needed to validate any recovery attempt.
As long as 24,530–24,500 holds, short-term sentiment stays cautiously optimistic.
Tomorrow’s session will be crucial to set the tone.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 262.59
IB Range: 82.3 → Small IB
Market Structure: Balanced
Trades:
❌ No trade triggered today
📌 Support & Resistance Zones
Resistance Levels
24,625 ~ 24,640
24,660
24,727 ~ 24,737
24,768 ~ 24,800
24,820
24,882
24,894 (Strong Resistance)
Support Levels
24,600
24,530 ~ 24,480
24,460
24,420 ~ 24,400
24,365 ~ 24,330
24,245 ~ 24,240
💭 Final Thoughts:
A day of controlled consolidation in a narrow range. While the broader market may look indecisive, this could be accumulation or energy build-up for the next big directional move. Stay observant—levels are speaking louder than volume right now.
📌 "When markets whisper, smart traders listen. The quiet days often precede the loudest moves."
✏️ 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.