🟢 Nifty Analysis EOD – May 30, 2025 – Friday 🔴
Whatever gain on Thursday, wiped out... today! classic trap reset day
📌 Opening Note:After Thursday’s expiry surprise rally, today’s session turned out to be a mean reversion reality check. With a 44-point gap-down, Nifty attempted a recovery but failed to cross the previous day’s high — just 27 points shy, and rolled over into selling pressure.
📊 Nifty Summary:
Today’s price action stayed entirely within yesterday’s range, forming an inside bar pattern — a classic sign of indecision before a breakout. The morning attempt towards the high was quickly sold into, and the index retraced straight to PDL, where the previous day’s swing low came to the rescue at 24,717.40. From there, it bounced back to VWAP and stayed rangebound (~60–70 points) for the rest of the session.
By the close, intraday gains of Thursday were completely erased — ending exactly at the breakout zone of yesterday: 24,736.65.
🛡 5 Min Chart with Levels
🪞 Mirror Candle Alert!Interestingly, today’s candle (May 30) closely mimics the May 28 candle in structure and price levels:
High: 24,864.25 ~ 24,863.95 (🔁 0.30 pt diff)
Close: 24,752.45 ~ 24,750.70 (🔁 1.75 pt diff)
Low: 24,737.05 ~ 24,717.40 (🔁 19.65 pt diff)
This pattern alignment forms a diamond shape across the last 3 days (May 28–30), visible clearly on Daily and 5-min charts. This diamond formation + inside bar combo could be a powerful breakout setup — direction to be confirmed by the next session’s range expansion. Check out 5 min and Daily candle chart for visual insight.
🛡 5 Min Chart with Patterns
🕯 Daily Time Frame Chart
📉 Daily Candle Breakdown:
Candle Type: Inside Bar
Structure:
Real Body: Very small
Wick Sizes: Decent on both ends, implying indecision
Interpretation:
Inside bar at the top of a move with a prior hammer-like candle signals pause or reversal.
A break of 24,717 on downside = bearish confirmation
A break of 24,893 on upside = bullish breakout
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update:
ATR: 276.90
IB Range: 83.95 → Small
Market Structure: Balanced
Total Trades: 3
🔹 10:15 – Short triggered → Trailing SL hit @ 1:1.6
🔹 11:30 – Short triggered → 1:1.5 achieved
🔹 13:40 – Short triggered → SL Hit
📌 Support & Resistance Zones:
Resistance:
24,768 ~ 24,800
24,820
24,882
24,894
24,920
24,972 ~ 25,000
25,062 ~ 25,070 (5th rejection!)
25,116 ~ 25,128
25,180 ~ 25,212
25,285 ~ 25,399
Support:
24,737 ~ 24,727
24,700
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
📌 What’s Next? / Bias Direction:
Nifty has compressed into a tight 3-day structure — with a diamond and an inside bar pattern.🎯 Watch for breakout beyond 24,894 or breakdown below 24,677 for directional clarity.Bias remains neutral until price decisively exits this range.
💬 Final Thoughts:
“Breakouts don't lie. Ranges prepare. Patience pays.”
Today was a classic trap reset day. Tomorrow, the trigger might fire. Stay sharp.
✏️ Disclaimer:
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Whatever gain on Thursday, wiped out... today! classic trap reset day
📌 Opening Note:After Thursday’s expiry surprise rally, today’s session turned out to be a mean reversion reality check. With a 44-point gap-down, Nifty attempted a recovery but failed to cross the previous day’s high — just 27 points shy, and rolled over into selling pressure.
📊 Nifty Summary:
Today’s price action stayed entirely within yesterday’s range, forming an inside bar pattern — a classic sign of indecision before a breakout. The morning attempt towards the high was quickly sold into, and the index retraced straight to PDL, where the previous day’s swing low came to the rescue at 24,717.40. From there, it bounced back to VWAP and stayed rangebound (~60–70 points) for the rest of the session.
By the close, intraday gains of Thursday were completely erased — ending exactly at the breakout zone of yesterday: 24,736.65.
🛡 5 Min Chart with Levels
🪞 Mirror Candle Alert!Interestingly, today’s candle (May 30) closely mimics the May 28 candle in structure and price levels:
High: 24,864.25 ~ 24,863.95 (🔁 0.30 pt diff)
Close: 24,752.45 ~ 24,750.70 (🔁 1.75 pt diff)
Low: 24,737.05 ~ 24,717.40 (🔁 19.65 pt diff)
This pattern alignment forms a diamond shape across the last 3 days (May 28–30), visible clearly on Daily and 5-min charts. This diamond formation + inside bar combo could be a powerful breakout setup — direction to be confirmed by the next session’s range expansion. Check out 5 min and Daily candle chart for visual insight.
🛡 5 Min Chart with Patterns
🕯 Daily Time Frame Chart
📉 Daily Candle Breakdown:
Candle Type: Inside Bar
Structure:
Real Body: Very small
Wick Sizes: Decent on both ends, implying indecision
Interpretation:
Inside bar at the top of a move with a prior hammer-like candle signals pause or reversal.
A break of 24,717 on downside = bearish confirmation
A break of 24,893 on upside = bullish breakout
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update:
ATR: 276.90
IB Range: 83.95 → Small
Market Structure: Balanced
Total Trades: 3
🔹 10:15 – Short triggered → Trailing SL hit @ 1:1.6
🔹 11:30 – Short triggered → 1:1.5 achieved
🔹 13:40 – Short triggered → SL Hit
📌 Support & Resistance Zones:
Resistance:
24,768 ~ 24,800
24,820
24,882
24,894
24,920
24,972 ~ 25,000
25,062 ~ 25,070 (5th rejection!)
25,116 ~ 25,128
25,180 ~ 25,212
25,285 ~ 25,399
Support:
24,737 ~ 24,727
24,700
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
📌 What’s Next? / Bias Direction:
Nifty has compressed into a tight 3-day structure — with a diamond and an inside bar pattern.🎯 Watch for breakout beyond 24,894 or breakdown below 24,677 for directional clarity.Bias remains neutral until price decisively exits this range.
💬 Final Thoughts:
“Breakouts don't lie. Ranges prepare. Patience pays.”
Today was a classic trap reset day. Tomorrow, the trigger might fire. Stay sharp.
✏️ 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.