🟢 Nifty Analysis EOD – May 28, 2025 – Wednesday 🔴
Consolidation at the bottom—ready to blast? Or more of the same tomorrow?
📊 Nifty Summary:
Nifty opened mildly higher at 24,832.50, only to spend the entire session grinding within a narrow 127-point range. Most of the action stayed trapped in a 60-point box, giving day traders a frustratingly sideways experience. Attempts to break the range failed, and the index closed at the day's lower edge, continuing the consolidation near key support zones.
🔍 Intraday Walk:
Nifty opened with a small positive bias but failed to find follow-through.
For the major part of the day, price action remained boxed in a tight range—ideal only for scalpers and option writers.
An attempted breakout was seen, but the index quickly fell back into the consolidation zone.
Triangle breakout on 5-min chart came late (3:00 PM), with no time for validation.
Closed near day’s low at 24,752.45, just above crucial support.
🛡 5 Min Chart with Patterns
🛡 5 Min Chart with Patterns and Levels
🔎 Chart Observations:
🔸 Mini M-Pattern formed twice on 5-min chart at key level—adds to bearish caution.
🔸 Box consolidation zone repeated from yesterday’s range.
🔸 Symmetrical Triangle seen on 5-min chart broke on the downside at 15:00—too late to act but worth noting.
🔸 Yesterday’s low stayed protected, though price closed weak.
🔸 Volatility dried up ahead of monthly expiry—expect positioning tomorrow.
🕯 Daily Time Frame Chart
📉 Daily Candle Breakdown:
Open: 24,832.50
High: 24,864.25
Low: 24,737.05
Close: 24,752.45
Change: −73.75 (−0.30%)
Candle Structure:
Real Body: 80.05 pts (Red candle)
Upper Wick: 31.75 pts
Lower Wick: 15.40 pts
Interpretation:
Small-bodied candle with short wicks on both ends—a Bearish Spinning Top, hinting at indecision but with a slight bearish bias.
Inside Bar formation – breakout watch on either side.
🧠 Key Insight:
The market is digesting the recent downside with sideways consolidation. If bulls fail to protect 24,700, deeper cuts could follow. On the flip side, a break above 24,882 could trigger short-covering ahead of expiry.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update:
ATR: 299.84
IB Range: 121.2 → Medium
Market Structure: Balanced
Total Trades: 0
❌ No valid triggers today – system stayed out due to tight range and lack of momentum.
📌 Support & Resistance Levels:
🔺 Resistance Zones:
24,768 ~ 24,820
24,882
24,894
24,920
24,972 ~ 25,000
25,062 ~ 25,070 (Rejected for 5th time!)
25,116 ~ 25,128
25,180 ~ 25,212
25,285 ~ 25,399
🔻 Support Zones:
24,737 ~ 24,727
24,700
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
🔮 What’s Next?
Scenario 1 – Breakdown:If 24,700 breaks and sustains, Nifty may head towards 24,589 → 24,500 → 24,461.
Scenario 2 – Breakout:If 24,882 breaks and sustains, Nifty can test 24,920 → 24,972 → 25,000 → 25,065 → 25,116 → 25,180.
📍 Most probable scenario:Expecting a range-bound day between 24,660 and 24,882, typical of Monthly expiry sessions. However, if short covering triggers, the day could flip into a trend day.
⛔ Caution: Tomorrow is a tricky expiry day—stay nimble, follow strategy, and respect levels!
🧘 Final Thoughts:
"The calm before the storm often wears the mask of boredom. When the market sleeps, prepare for the wake-up call."
✏️ Disclaimer:This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Consolidation at the bottom—ready to blast? Or more of the same tomorrow?
📊 Nifty Summary:
Nifty opened mildly higher at 24,832.50, only to spend the entire session grinding within a narrow 127-point range. Most of the action stayed trapped in a 60-point box, giving day traders a frustratingly sideways experience. Attempts to break the range failed, and the index closed at the day's lower edge, continuing the consolidation near key support zones.
🔍 Intraday Walk:
Nifty opened with a small positive bias but failed to find follow-through.
For the major part of the day, price action remained boxed in a tight range—ideal only for scalpers and option writers.
An attempted breakout was seen, but the index quickly fell back into the consolidation zone.
Triangle breakout on 5-min chart came late (3:00 PM), with no time for validation.
Closed near day’s low at 24,752.45, just above crucial support.
🛡 5 Min Chart with Patterns
🛡 5 Min Chart with Patterns and Levels
🔎 Chart Observations:
🔸 Mini M-Pattern formed twice on 5-min chart at key level—adds to bearish caution.
🔸 Box consolidation zone repeated from yesterday’s range.
🔸 Symmetrical Triangle seen on 5-min chart broke on the downside at 15:00—too late to act but worth noting.
🔸 Yesterday’s low stayed protected, though price closed weak.
🔸 Volatility dried up ahead of monthly expiry—expect positioning tomorrow.
🕯 Daily Time Frame Chart
📉 Daily Candle Breakdown:
Open: 24,832.50
High: 24,864.25
Low: 24,737.05
Close: 24,752.45
Change: −73.75 (−0.30%)
Candle Structure:
Real Body: 80.05 pts (Red candle)
Upper Wick: 31.75 pts
Lower Wick: 15.40 pts
Interpretation:
Small-bodied candle with short wicks on both ends—a Bearish Spinning Top, hinting at indecision but with a slight bearish bias.
Inside Bar formation – breakout watch on either side.
🧠 Key Insight:
The market is digesting the recent downside with sideways consolidation. If bulls fail to protect 24,700, deeper cuts could follow. On the flip side, a break above 24,882 could trigger short-covering ahead of expiry.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update:
ATR: 299.84
IB Range: 121.2 → Medium
Market Structure: Balanced
Total Trades: 0
❌ No valid triggers today – system stayed out due to tight range and lack of momentum.
📌 Support & Resistance Levels:
🔺 Resistance Zones:
24,768 ~ 24,820
24,882
24,894
24,920
24,972 ~ 25,000
25,062 ~ 25,070 (Rejected for 5th time!)
25,116 ~ 25,128
25,180 ~ 25,212
25,285 ~ 25,399
🔻 Support Zones:
24,737 ~ 24,727
24,700
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
🔮 What’s Next?
Scenario 1 – Breakdown:If 24,700 breaks and sustains, Nifty may head towards 24,589 → 24,500 → 24,461.
Scenario 2 – Breakout:If 24,882 breaks and sustains, Nifty can test 24,920 → 24,972 → 25,000 → 25,065 → 25,116 → 25,180.
📍 Most probable scenario:Expecting a range-bound day between 24,660 and 24,882, typical of Monthly expiry sessions. However, if short covering triggers, the day could flip into a trend day.
⛔ Caution: Tomorrow is a tricky expiry day—stay nimble, follow strategy, and respect levels!
🧘 Final Thoughts:
"The calm before the storm often wears the mask of boredom. When the market sleeps, prepare for the wake-up call."
✏️ 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.