🟢 Nifty Analysis EOD – May 19, 2025 – Monday 🔴
Silence Before the Storm? A “Double Distribution” Kind of Day
📈 Nifty Summary
Another quiet yet deceptive start to the week as Nifty opened flat-to-negative (-14 points) but quickly formed a 92-point wide 5-minute candle at the open. That set the tone for the entire day—a tight, trapped market trading within this early range until post-2 PM.
Things got interesting later, as Nifty breached its IB Low, Previous Day Low (PDL), and closed decisively below key support zones, finally taking support near 24,920 (day’s low: 24,916.65).
The structure fits the classic textbook term—a “Double Distribution Day”, where the index transitions into a new value area in the second half. Option writers erased premiums on both sides, frustrating breakout traders and intraday scalpers alike.
25Min Time Frame Chart:
Daily Time Frame Chart:
🕯 Daily Candle Breakdown
Candle Type: Bearish with late-session breakdown
Day Type: 📘 Double Distribution Day
Key Breakdown Levels: IB Low, CDL, PDL
Support Held: 24,920 zone
🕵️♂️ Observation of the Day
Is this just a pause… or the calm before a storm?
Though there's no strong reversal signal yet, subtle clues emerge:
🔎 On the 25-minute chart, the 13:25 candle was the first to close below the 24,980–25,000 support zone.
📉 Post-PDL breakdown, the retracement attempt was shallow, and price remained under S1 and PDL levels, which hints at weak buying interest.
📊 Bias Going Forward
No reversal yet. Trend watchers should stay patient.
But given price action and weak retracements, the bias tilts toward a deeper retracement, possibly toward the 24,800 zone in the next session. Until strong bullish follow-through is seen, expect continued corrective movement.
5 Min Time Frame Chart:
🛡 Gladiator Strategy Update
Strategy Parameters
ATR: 330.48
IB Range: 92.9 → 🟠 Small IB
Market Structure: ⚖️ Balanced
Trade Highlights
⏰ 1st Short Trigger: 14:00
❌ Trade Timed Out → Loss Booked
📊 Total Trades: 1
📍 Support & Resistance Levels
🟩 Resistance Zones:
24,980 ~ 25,000
25,062 ~ 25,070
25,116 ~ 25,128
25,180 ~ 25,212
25,285
25,399
25,485 ~ 25,511
🟥 Support Zones:
24,920
24,882
24,800 ~ 24,768
24,660
24,590
24,530 ~ 24,480
🔮 What’s Next?
No storm yet, but the structure is weakening quietly. Until the bulls reclaim 25,000 decisively, the short-term path of least resistance appears lower.
A move below 24,882 could accelerate downside momentum. All eyes on 24,800 next.
🧠 Final Thoughts
Markets aren’t always noisy when they turn. Watch the subtle signs. For now, retracement bias stays—but don’t front-run reversals.
“Strong trends may pause quietly. It’s the silence that often precedes the sharpest moves.”
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Silence Before the Storm? A “Double Distribution” Kind of Day
📈 Nifty Summary
Another quiet yet deceptive start to the week as Nifty opened flat-to-negative (-14 points) but quickly formed a 92-point wide 5-minute candle at the open. That set the tone for the entire day—a tight, trapped market trading within this early range until post-2 PM.
Things got interesting later, as Nifty breached its IB Low, Previous Day Low (PDL), and closed decisively below key support zones, finally taking support near 24,920 (day’s low: 24,916.65).
The structure fits the classic textbook term—a “Double Distribution Day”, where the index transitions into a new value area in the second half. Option writers erased premiums on both sides, frustrating breakout traders and intraday scalpers alike.
25Min Time Frame Chart:
Daily Time Frame Chart:
🕯 Daily Candle Breakdown
Candle Type: Bearish with late-session breakdown
Day Type: 📘 Double Distribution Day
Key Breakdown Levels: IB Low, CDL, PDL
Support Held: 24,920 zone
🕵️♂️ Observation of the Day
Is this just a pause… or the calm before a storm?
Though there's no strong reversal signal yet, subtle clues emerge:
🔎 On the 25-minute chart, the 13:25 candle was the first to close below the 24,980–25,000 support zone.
📉 Post-PDL breakdown, the retracement attempt was shallow, and price remained under S1 and PDL levels, which hints at weak buying interest.
📊 Bias Going Forward
No reversal yet. Trend watchers should stay patient.
But given price action and weak retracements, the bias tilts toward a deeper retracement, possibly toward the 24,800 zone in the next session. Until strong bullish follow-through is seen, expect continued corrective movement.
5 Min Time Frame Chart:
🛡 Gladiator Strategy Update
Strategy Parameters
ATR: 330.48
IB Range: 92.9 → 🟠 Small IB
Market Structure: ⚖️ Balanced
Trade Highlights
⏰ 1st Short Trigger: 14:00
❌ Trade Timed Out → Loss Booked
📊 Total Trades: 1
📍 Support & Resistance Levels
🟩 Resistance Zones:
24,980 ~ 25,000
25,062 ~ 25,070
25,116 ~ 25,128
25,180 ~ 25,212
25,285
25,399
25,485 ~ 25,511
🟥 Support Zones:
24,920
24,882
24,800 ~ 24,768
24,660
24,590
24,530 ~ 24,480
🔮 What’s Next?
No storm yet, but the structure is weakening quietly. Until the bulls reclaim 25,000 decisively, the short-term path of least resistance appears lower.
A move below 24,882 could accelerate downside momentum. All eyes on 24,800 next.
🧠 Final Thoughts
Markets aren’t always noisy when they turn. Watch the subtle signs. For now, retracement bias stays—but don’t front-run reversals.
“Strong trends may pause quietly. It’s the silence that often precedes the sharpest 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.