Nifty Analysis EOD – May 29, 2025 – Thursday🟢 Nifty Analysis EOD – May 29, 2025 – Thursday 🔴
Tricky Expiry Day Rollout… Catch or Caught?
🗞 Nifty Summary:
Nifty opened with a gap-up of 88 points at 24,846, making a quick move to 24,889.70—but the bulls couldn’t hold for long. By 10:30, the key support zone at 24,800–24,768 was breached, dragging the index to an intraday low of 24,677.30.
Just when things seemed to be settling into a narrow expiry-day range, a sharp 65-point spike in 3 minutes surprised both sides—creating a mean-reversion V-shape move right back to VWAP and BC levels.
The real twist? A sudden domino-effect breakout at 15:00, marking a fresh high of 24,892.60 and closing at 24,880.85, nearly at the day’s peak.
⏪ Yesterday’s Note Recap:
"Most probable scenario: range-bound day between 24,660 and 24,882... Tricky expiry day."✔️ Spot on. Nifty respected the projected boundaries almost precisely.
🛡 5 Min Chart with Patterns and Levels
📈 Intraday Walk:
09:15 – Gap-up start, optimism in the air.
10:25 – Support at 24,800–24,768 tested and breached.
10:29 – IB Low Break and Day’s low at 24,677.30, bears step in.
12:38 – Surprise spike of 65 points in 3 min
Midday – Consolidation around VWAP and BC levels.
15:00 – Final push leads to breakout above day high → 24,892.60.
Close – Ends at 24,880.85, just below the day high.
🔍 Chart Observations:
✅ Inverse Head & Shoulders pattern formed around 24,768 on the 5-min chart—target achieved.
📦 Box Consolidation Zone repeated from yesterday and respected.
⚠️ Volatility spikes despite being an expiry day—tricky traps for both sides.
🛡 5 Min Chart with Patterns
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown:
Open: 24,825.10
High: 24,892.60
Low: 24,677.30
Close: 24,833.60
Change: +81.15 (+0.33%)
Candle Structure:
Real Body: +8.50 pts → Tiny green body
Upper Wick: 59.00 pts
Lower Wick: 147.80 pts
Interpretation:A classic Hammer-like candle, showing strong intraday buying from lower zones. Although bulls couldn’t extend gains, they clearly defended 24,700 levels well.
🔔 Pattern Insight:
Outside Bar pattern on Daily → Often a bullish reversal sign
Bullish confirmation comes above 24,890+
Breakdown below 24,677 would invalidate the bullish signal
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update:
ATR: 291.38
IB Range: 110 → Medium
Market Structure: Balanced
Total Trades: 1
🕐 10:25 AM – 1st trade triggered→ Trailing SL hit at 1:3 risk-reward
🧱 Support & Resistance Levels:
Resistance Zones:
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 Zones:
24,820
24,768 ~ 24,800
24,737 ~ 24,727
24,700
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
🧭 What’s Next?
Above 24,890 → May trigger short-covering rally toward 25,000, 25,065, and 25,116 levels.
Below 24,677 → Expect downside toward 24,625, 24,590, and possibly 24,530.
With expiry behind, volatility may remain elevated tomorrow as new series begins.
📌 Bias: Mild bullish, but needs confirmation above 24,890.
🧠 Final Thoughts:
“Markets don’t trap you; your bias does.”Stay sharp. Today was a day full of whipsaws—but also full of lessons.
✏️ Disclaimer:This is just my personal viewpoint. Always consult your financial advisor before taking any action.
