🟢 Nifty Analysis EOD – May 16, 2025 – Friday 🔴
Nifty Took a Breather After a Big Bullish Day
📈 Nifty Summary
As anticipated, after Thursday’s strong breakout and euphoric rally, Nifty paused for breath today. Despite Gift Nifty indicating a 75+ point gap-up, the actual open was flat, hinting that global cues couldn't ignite further momentum.
From the start, the tone was set for a retracement-style session—every intraday rise met with selling, while dips around 24,980 continued attracting buyers, keeping the structure range-bound but supported.
The most notable observation: today’s low aligned with the 23.8% Fibonacci retracement of yesterday’s candle, which shows bulls are still in control and defending key levels. However, the recovery from the day’s low couldn’t break past the 50% retracement of the same range—signalling hesitation and exhaustion in the short term.
📊 Intraday Walk
🟢 Flat open despite positive Gift Nifty cues
⚖️ Mean-reverting price action throughout
🧲 Buying seen repeatedly near 24,980
❗Rejection seen around 50% retracement of the previous day’s candle
🔚 Closed mildly negative; a pause, not panic
🕯 Daily Candle Breakdown
Candle Type: Small-bodied candle (Doji-ish) indicating indecision
Range: Tight and narrow (117 Points) session
Key Observation: Low held above 23.8% retracement of May 15 candle
What it Implies: Bulls still holding ground, but upside conviction lacking
🎯 Gladiator Strategy Update
Strategy Parameters
ATR: 350.94
IB Range: 94.2 → ✂️ Small IB
Market Structure: ⚖️ Balanced
Trade Highlights
⚠️ 1st Short Trigger: 11:05 → No Entry Initiated
💼 Total Trades: 0
📍 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
🔮 What’s Next?
Today was a classic breather candle after a strong impulse. If Monday opens bullish and crosses above 25,070, we could see a continuation of the uptrend. But a close below 24,950 may be the first red flag for bulls.
🧠 Final Thoughts
Markets don't rise in a straight line. Today was a healthy pause—a base-building day. As long as 24,980 holds, the bulls have the upper hand.
“A pause in trend isn’t weakness—it’s preparation.”
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Nifty Took a Breather After a Big Bullish Day
📈 Nifty Summary
As anticipated, after Thursday’s strong breakout and euphoric rally, Nifty paused for breath today. Despite Gift Nifty indicating a 75+ point gap-up, the actual open was flat, hinting that global cues couldn't ignite further momentum.
From the start, the tone was set for a retracement-style session—every intraday rise met with selling, while dips around 24,980 continued attracting buyers, keeping the structure range-bound but supported.
The most notable observation: today’s low aligned with the 23.8% Fibonacci retracement of yesterday’s candle, which shows bulls are still in control and defending key levels. However, the recovery from the day’s low couldn’t break past the 50% retracement of the same range—signalling hesitation and exhaustion in the short term.
📊 Intraday Walk
🟢 Flat open despite positive Gift Nifty cues
⚖️ Mean-reverting price action throughout
🧲 Buying seen repeatedly near 24,980
❗Rejection seen around 50% retracement of the previous day’s candle
🔚 Closed mildly negative; a pause, not panic
🕯 Daily Candle Breakdown
Candle Type: Small-bodied candle (Doji-ish) indicating indecision
Range: Tight and narrow (117 Points) session
Key Observation: Low held above 23.8% retracement of May 15 candle
What it Implies: Bulls still holding ground, but upside conviction lacking
🎯 Gladiator Strategy Update
Strategy Parameters
ATR: 350.94
IB Range: 94.2 → ✂️ Small IB
Market Structure: ⚖️ Balanced
Trade Highlights
⚠️ 1st Short Trigger: 11:05 → No Entry Initiated
💼 Total Trades: 0
📍 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
🔮 What’s Next?
Today was a classic breather candle after a strong impulse. If Monday opens bullish and crosses above 25,070, we could see a continuation of the uptrend. But a close below 24,950 may be the first red flag for bulls.
🧠 Final Thoughts
Markets don't rise in a straight line. Today was a healthy pause—a base-building day. As long as 24,980 holds, the bulls have the upper hand.
“A pause in trend isn’t weakness—it’s preparation.”
✏️ 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.