🟢 Nifty Analysis EOD - May 15, 2025 - Thursday 🔴
Heart-Throbbing Wild Weekly Expiry by Nifty
📈 Nifty Summary
What a day! In yesterday’s report, we highlighted the potential for breakout on both sides—and Nifty said, “Why choose one? Have both!”
Opening with a modest gap-up of 28 points at 24,694, the index wasted no time and took a sharp dive, breaching the Previous Day Low (PDL) and hitting 24,494. This test of the 24,483–24,528 support zone sparked an immediate V-shaped recovery.
By 10:30 AM, Nifty had reclaimed its mean level, and breaching 24,600 triggered short-covering that pushed it sharply toward PDH, which was taken out in just 10 minutes. A rumored update from Trump on a USA–India tariff deal (unverified but possible catalyst) might have played a role—though, as always, price is the final news.
However, within the next 30 minutes, Nifty wiped out all the gains, only to enter a consolidation phase until 1 PM. Then came the real action—another breakout above PDH with strong short-covering and fresh buying. The rally took Nifty to a fresh weekly high of 25,116, closing near the highs at 25,035.
This wasn’t a regular expiry. This was a thriller.
📊 Intraday Walk
📉 Breach of PDL to form 24,494 low
🧲 V-shaped recovery from 24,500 zone
🚀 24,600 breakout triggers short-covering to PDH
⚡ Spike to PDH wiped out → range-bound for 2 hours
🟢 1 PM breakout → new weekly high 25,116
🔚 Closed at 25,035, a solid 341-point day
🕯 Daily Candle Breakdown
Candle Type: Bullish Marubozu-like Engulfing
Range: ~622 points
Key Observation: Engulfed previous two candles and broke 12th May’s high & close
What it Implies: Strong bullish momentum, signs of sustained short-covering
🎯 Gladiator Strategy Update
Strategy Parameters
ATR: 376.94
IB Range: 212.3 → 📏 Medium IB
Market Structure: ⚖️ Balanced
Trade Highlights
✅ 1st Long Trigger: 13:05
🎯 Target Achieved: 1:4 Risk-Reward
💼 Total Trades: 1
📍 Support & Resistance Levels
🟩 Resistance Zones:
25,116 ~ 25,128
25,180 ~ 25,212
25,285
25,399
25,485 ~ 25,511
🟥 Support Zones:
25,000 ~ 24,980
24,882
24,800 ~ 24,768
24,730
24,660
24,590
24,530 ~ 24,480
🧠 Final Thoughts
The Nested Inside Bar setup we spoke of yesterday? It delivered. Clean breakdown of PDL without triggering trade saved us from a trap, while the PDH breakout delivered a 1:4 reward—textbook price action setup. With a strong bullish engulfing on the daily, expect continued strength with dips being bought.
“When the market offers clarity, act. When it offers confusion, observe.” — Stay nimble.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Heart-Throbbing Wild Weekly Expiry by Nifty
📈 Nifty Summary
What a day! In yesterday’s report, we highlighted the potential for breakout on both sides—and Nifty said, “Why choose one? Have both!”
Opening with a modest gap-up of 28 points at 24,694, the index wasted no time and took a sharp dive, breaching the Previous Day Low (PDL) and hitting 24,494. This test of the 24,483–24,528 support zone sparked an immediate V-shaped recovery.
By 10:30 AM, Nifty had reclaimed its mean level, and breaching 24,600 triggered short-covering that pushed it sharply toward PDH, which was taken out in just 10 minutes. A rumored update from Trump on a USA–India tariff deal (unverified but possible catalyst) might have played a role—though, as always, price is the final news.
However, within the next 30 minutes, Nifty wiped out all the gains, only to enter a consolidation phase until 1 PM. Then came the real action—another breakout above PDH with strong short-covering and fresh buying. The rally took Nifty to a fresh weekly high of 25,116, closing near the highs at 25,035.
This wasn’t a regular expiry. This was a thriller.
📊 Intraday Walk
📉 Breach of PDL to form 24,494 low
🧲 V-shaped recovery from 24,500 zone
🚀 24,600 breakout triggers short-covering to PDH
⚡ Spike to PDH wiped out → range-bound for 2 hours
🟢 1 PM breakout → new weekly high 25,116
🔚 Closed at 25,035, a solid 341-point day
🕯 Daily Candle Breakdown
Candle Type: Bullish Marubozu-like Engulfing
Range: ~622 points
Key Observation: Engulfed previous two candles and broke 12th May’s high & close
What it Implies: Strong bullish momentum, signs of sustained short-covering
🎯 Gladiator Strategy Update
Strategy Parameters
ATR: 376.94
IB Range: 212.3 → 📏 Medium IB
Market Structure: ⚖️ Balanced
Trade Highlights
✅ 1st Long Trigger: 13:05
🎯 Target Achieved: 1:4 Risk-Reward
💼 Total Trades: 1
📍 Support & Resistance Levels
🟩 Resistance Zones:
25,116 ~ 25,128
25,180 ~ 25,212
25,285
25,399
25,485 ~ 25,511
🟥 Support Zones:
25,000 ~ 24,980
24,882
24,800 ~ 24,768
24,730
24,660
24,590
24,530 ~ 24,480
🧠 Final Thoughts
The Nested Inside Bar setup we spoke of yesterday? It delivered. Clean breakdown of PDL without triggering trade saved us from a trap, while the PDH breakout delivered a 1:4 reward—textbook price action setup. With a strong bullish engulfing on the daily, expect continued strength with dips being bought.
“When the market offers clarity, act. When it offers confusion, observe.” — Stay nimble.
✏️ 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.