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Weekly Market Wrap: Nifty & S&P 500 Outlook The Nifty closed the week at 24,853, down 166 points from the previous week's close. It traded within a range of 25,062 (high) and 24,462 (low) — perfectly aligning with our forecasted zone of 24,450 – 25,600. On the weekly chart, the index formed an inside candle pattern, signaling consolidation. Positives: Despite the dip, Nifty continues to hold above the critical support level of 23,800, keeping the medium-term bullish structure intact. Key Levels to Watch for Next Week: High/Low to mark: 25,116 – 24,378 Breakout above 25,116 can lead to tests of 25,329 and 25,500 (resistance zones). Breakdown below 24,378 could retest 23,800 and 23,600. A weekly close below 23,800 could spell trouble for bulls, opening doors for deeper correction towards 22,800 and 22,100. Trend Analysis: Monthly Timeframe: Bearish Daily Timeframe: Turned Bearish Weekly Timeframe: Still Bullish Conclusion: Stay cautious below 24,378 — volatility may rise if this level is breached. S&P 500 Weekly Snapshot: The S&P 500 ended the week at 5,802, down 156 points. Once again, it faced stiff resistance around the 5,980 mark — a historically significant level where the index began its downward move in March 2025. Geopolitical Impact: Markets remain jittery amid escalating global trade tensions and Trump’s tariff war, likely keeping volatility high over the next 2–3 weeks. Key Support Zones: Immediate support at 5,700 Close below 5,700 may trigger declines to 5,551, 5,458 (key Fibonacci support), and 5,392 Bullish Breakout Scenario: Sustained close above 6,000 is required to resume bullish momentum Upside targets: 6,013, 6,082, 6,147 (All-Time High), and potentially 6,225 Final Takeaway: Both Nifty and S&P 500 are at critical junctures. With technical patterns pointing to mixed signals and geopolitical events adding fuel to volatility, traders should stay alert and focus on key breakout and breakdown levels.
NSE:NIFTY
by ssudhirsharma11
Parallel Channel and other Technicals Explained on a Nifty ChartWe have tried to draw a parallel channel on Nifty hourly chart. The chart indicates that we are just below the mid channel line. The mid channel line will act as a resistance if the price is below the same and will act as a support if the price is above it. Right now it is acting as a resistance. Top of the channel always acts as a resistance and bottom of the channel always acts as a support. Additionally there are historic resistances and supports which indicate the other levels which may act as support or resistance. There are also Mother and Father lines (50 and 200 EMA)(EMA = Exponential Moving Average). To understand in detail how parallel channel works or how supports and resistance are derived or what is Mother, Father and Small Child theory. I would recommend you my book The Happy Candles Way to Wealth creation. By reading this book you can understand all these concepts with ease. You can additionally understand what is fundamental and technical analysis and how to do it. You will also get to understand the dos and the don'ts of investment in equity by reading various chapters on Behavioural Finance. Overall it is a value for money book available on Amazon in Paperback and Kindle version. The book is also available on Google play book and other E-book stores. You can also contact us for getting the copy of it. The Happy Candles way is one of the highest rated books in the category and you can go through the reviews of the book on Amazon before purchasing it. Based on Parallel Channel, Supports and Resistances, Mother Father and Small child theory resistances and supports of Nifty remain at. Nifty Resistances Remain at: 24815, 24909, 24977, 25045 and 25116. The channel top resistance for the current parallel channel is around 25372. Nifty Supports Remain at: 24780 (Mother Line Support), 24679 and 24537. The Channel Bottom support is currently around 24396. 24247 is the most important Father line support. Shadow of the candles currently is neutral. Indicating Nifty can still go in any direction. A pennant like structure (Triangle is also formed). This indicates that Breakout or Breakdown of this triangle or pennant can take Nifty a long way on either side. Nifty is currently squeezing in the pennant with limited space. Usually when the space is limited a Breakout can happen in either direction. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Analysis EOD – May 20, 2025 – Tuesday🟢 Nifty Analysis EOD – May 20, 2025 – Tuesday 🔴 Breakout Denied. Breakdown Delivered. 📈 Nifty SummaryAfter two sessions of tight-range traps, the long-awaited move finally played out today—and it was all about the bears. Despite a 50-point gap-up start at 24,996 (just shy of the psychological 25,000 level), Nifty quickly reversed. The open was inside the resistance zone (24,980–25,000), and ignoring a minor 15-point wick, it resembled a classic Open = High (OH) trap. By 35 minutes into the session, the index had already broken PDL and S1, hitting a low of 24,863, only to bounce 100+ points back toward 24,967—again rejected from just below 25K. This rejection triggered a sharp vertical fall, with a steep 35° downward slope, showing no pause, no VWAP reversion—just pure directional intent. The downside breach hit multiple key levels:✅ 24,920✅ PDL✅ 24,882✅ 24,800–24,768 zone✅ and finally marked a low of 24,669, right at our 24,660 support level from yesterday’s map. In yesterday’s report, we noted: “A move below 24,882 could accelerate downside momentum. All eyes on 24,800 next.”✅ Targets 24,800 and 24,732 both achieved today. 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown Candle Type: Strong Bearish (near Marubozu) Intraday Range: 340 points Upper Wick: ~15 pts (negligible) Lower Wick: ~44 pts (also insignificant vs range) Candle Interpretation: Textbook bearish Marubozu-type (near full-body) 📉 Closing Concerns: 🔻 Below 24,732, the 0.618 Fib of May 15th candle 🔻 Below May 15 Open ❌ No retracement or end-of-day bounce These signals point to a structurally weak close and increase the probability of further downside extension. 📊 Bias Going ForwardAs of today, there are no signs of buyers stepping in. If 24,670 (today's low) breaks, it could open the gates to test: 🧨 24,640–24,625 zone (watch closely during IB) 🧨 Below that → 24,535 / 24,500 / 24,480 On the upside, any pullback will face hurdles at: 🛑 24,768–24,800 (strong resistance zone) 🛑 24,882 / 24,920 Let the first half of tomorrow's session guide the tone. Any sustained hold above 24,800 might stall the fall. Else, the drift may continue. 🛡 25 Min Time Frame Chart 🛡 5 Min Intraday Chart 🛡 Gladiator Strategy Update Strategy Parameters ATR: 331.49 IB Range: 146.95 → 🟡 Medium IB Market Structure: ⚖️ Balanced Trade Highlights 🔻 1st Short Trigger: 11:55 – Trapped, Loss Booked ✅ 2nd Short Trigger: 12:45 – Target Achieved (Risk:Reward 1:3.5) 📊 Total Trades: 2 📍 Support & Resistance Levels 🟩 Resistance Zones: 24,768 ~ 24,800 24,882 24,920 24,980 ~ 25,000 25,062 ~ 25,070 🟥 Support Zones: 24,660 24,640 ~ 24,625 24,590 24,530 ~ 24,480 24,460 🔮 What’s Next?The market has broken key fib and candle support zones from the May 15th rally. If there's no defence early tomorrow, the fall may intensify. Keep an eye on 24,640–24,625 during IB. Holding above could invite some short covering. But failure here can extend toward 24,500 and below. 🧠 Final ThoughtsThe market gave us what it hinted at yesterday—a fast break once 24,882 gave way. But with no bounce, no defence, and a full-body bear candle—the pressure is still on. “Markets don't always roar before falling. Sometimes, they whisper, then collapse.” ✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty Still near the top of Parallel Channel. Nifty is consolidating near the top of the parallel channel and searching for momentum for getting a clear breakout. Till it regains the momentum and Mojo the upside looks limited. The current resistances it is facing is near 25068. Once we get a closing above the same there is possibility of some upside. In case we get a closing above 25068 the next resistances will be near 25134 and 25290. 25290 is the point above which we have a clear channel top Breakout. We will wait for that to happen for giving further resistances. The supports for Nifty are currently near 24924, 24761 (Mother Line Support of Hourly chart). If we get a closing below 24761 the bears will come back into the game and can drag the Nifty further towards the levels of 24647, 24509, 24259 or even 24162. 24162 is a Father line support of hourly chart. A closing below this levels can bring Bears in a total action mode. We will comment about further supports if by chance we get a closing below this level. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Analysis EOD – May 19, 2025 – Monday🟢 Nifty Analysis EOD – May 19, 2025 – Monday 🔴 Silence Before the Storm? A “Double Distribution” Kind of Day 📈 Nifty Summary Another quiet yet deceptive start to the week as Nifty opened flat-to-negative (-14 points) but quickly formed a 92-point wide 5-minute candle at the open. That set the tone for the entire day—a tight, trapped market trading within this early range until post-2 PM. Things got interesting later, as Nifty breached its IB Low, Previous Day Low (PDL), and closed decisively below key support zones, finally taking support near 24,920 (day’s low: 24,916.65). The structure fits the classic textbook term—a “Double Distribution Day”, where the index transitions into a new value area in the second half. Option writers erased premiums on both sides, frustrating breakout traders and intraday scalpers alike. 25Min Time Frame Chart: Daily Time Frame Chart: 🕯 Daily Candle Breakdown Candle Type: Bearish with late-session breakdown Day Type: 📘 Double Distribution Day Key Breakdown Levels: IB Low, CDL, PDL Support Held: 24,920 zone 🕵️‍♂️ Observation of the Day Is this just a pause… or the calm before a storm? Though there's no strong reversal signal yet, subtle clues emerge: 🔎 On the 25-minute chart, the 13:25 candle was the first to close below the 24,980–25,000 support zone. 📉 Post-PDL breakdown, the retracement attempt was shallow, and price remained under S1 and PDL levels, which hints at weak buying interest. 📊 Bias Going Forward No reversal yet. Trend watchers should stay patient. But given price action and weak retracements, the bias tilts toward a deeper retracement, possibly toward the 24,800 zone in the next session. Until strong bullish follow-through is seen, expect continued corrective movement. 5 Min Time Frame Chart: 🛡 Gladiator Strategy Update Strategy Parameters ATR: 330.48 IB Range: 92.9 → 🟠 Small IB Market Structure: ⚖️ Balanced Trade Highlights ⏰ 1st Short Trigger: 14:00 ❌ Trade Timed Out → Loss Booked 📊 Total Trades: 1 📍 Support & Resistance Levels 🟩 Resistance Zones: 24,980 ~ 25,000 25,062 ~ 25,070 25,116 ~ 25,128 25,180 ~ 25,212 25,285 25,399 25,485 ~ 25,511 🟥 Support Zones: 24,920 24,882 24,800 ~ 24,768 24,660 24,590 24,530 ~ 24,480 🔮 What’s Next? No storm yet, but the structure is weakening quietly. Until the bulls reclaim 25,000 decisively, the short-term path of least resistance appears lower. A move below 24,882 could accelerate downside momentum. All eyes on 24,800 next. 🧠 Final Thoughts Markets aren’t always noisy when they turn. Watch the subtle signs. For now, retracement bias stays—but don’t front-run reversals. “Strong trends may pause quietly. It’s the silence that often precedes the sharpest moves.” ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
2
Nifty Analysis EOD - May 6, 2025 - Tuesday🟢Nifty Analysis EOD - May 6, 2025 - Tuesday 🔴 📌 Opening Mood: A deceptive start near resistance—buyers had a moment, but bears owned the day. 📊 Nifty Summary: Nifty opened at 24,509, precisely at the psychological and structural resistance zone. The first candle itself (O=H) reflected immediate selling pressure, and the index slid quickly, dropping 140+ points in the first hour. It tested the support zone around 24,330 ~ 24,365, which had earlier acted as resistance—a polarity zone now holding as support. Despite multiple attempts, Nifty couldn’t break back above the upper consolidation band (around 24,400–24,410). For most of the day, it traded in a tight 40–50 point range and eventually settled near the lower end of that range at 24,379.60, while intraday close came in at 24,331.80. ⏱ Intraday Walk (5-min Time Frame Highlights): 🔻 First hour: Quick 140-point drop straight into support 🔄 10:30 AM–2:50 PM: Multiple bounce-back attempts failed at 24,400 and 24350 🧊 3:00 PM–3:30 PM: High volatility zone, test both sides of the range and the day ends with a new low. 🔒 Close: Near day’s low—weak handoff for next session 🧭 Daily Candle Breakdown 📌 Today’s Candle Type: Strong Bearish Candle 📖 Know How of Candle Type: This candle type signals strong seller dominance. The real body is wide with almost no upper wick, implying bears controlled the day from start to end. Appears frequently after a failed attempt to break resistance. 📌 Today’s OHLC: Open: 24,500.75 High: 24,509.65 Low: 24,331.80 Close: 24,379.60 Change: –81.55 (–0.33%) 📐 Candle Structure: 🔹 Real Body: 121.15 points → Strong Red Body (Bearish Control) 🔹 Upper Wick: 8.90 points → No meaningful buying (Daily TF, Intraday No Wick) 🔹 Lower Wick: 47.80 points → Slight pullback, but bears still dominate(Daily TF) 📌 Interpretation: Bears were in control from the opening tick The candle sits near the bottom of the day’s range Comes after a bullish candle at resistance → Potential short-term reversal signal Watch for confirmation below 24,330 to trigger an extended downside ⚔️ Gladiator Strategy Update 📌 Strategy Parameters: ATR: 290.90 IB Range: 129.85 IB Category: Medium IB Market Structure: Balanced 📌 Trade Highlights: 🔹 Trade Count: 1 ✅ Long Trigger @ 11:25 AM → Minor profit as Trade Time Exit Trigger 🔮 What’s Next? 🟥 Short bias: Only below 24,330 with conviction 🟩 Long bias: Only if the price crosses and sustains above 24,460 ~ 24,490 ⚠️ Between these levels: Avoid directional bets. Look for scalping setups only. 🔍 Support & Resistance Levels 📌 Resistance Zones: 24,400 ~ 24,420 (Immediate hurdle) 24,480 ~ 24,530 (Key zone with 24,500 psychological level) 24,590 24760~24,800 📌 Support Zones: 24,365 ~ 24,330 (Immediate support) 24,290 24,245 ~ 24,240 24,188 24,050 24,000 ~ 23,950 23,820 23,710 ~ 23,660 🧠 Final Thoughts "In tight ranges, patience is not just a virtue—it’s a strategy. Let the levels do the talking." ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
N
by kzatakia
Weekly Market Wrap: Nifty Surges Past 25,000 – What's Next? The Nifty 50 index closed the week at 25,019, posting an impressive 1,000-point rally from the previous week’s close. The index made a high of 25,116 and a low of 24,378. The rally was driven by short covering and a surprise truce between India and Pakistan, which injected a wave of optimism into the market. More importantly, Nifty broke out of the consolidation range of 23,200–24,600, closing strong above the psychologically significant 25,000 mark – a clear sign of bullish sentiment. What to Expect Next Week (Outlook May 20–24) Expected Range: 24,450 – 25,600 A breakout above 25,600 could open the doors for a retest of the all-time high (ATH) at 26,277. As long as Nifty trades above 23,800, the broader trend remains intact. Monthly Chart Patterns to Watch A bullish "W" pattern could be forming, which ideally would require a pullback from current levels before resuming upward. On the flip side, a bearish "M" pattern may emerge if the index tests ATH and faces rejection, which could trigger a sharp correction of 2,500–2,600 points. For now, I remain cautious until the monthly time frame confirms a clear bullish breakout. Global Markets Check: S&P 500 Eyes Key Resistance The S&P 500 closed at 5,958, gaining 300 points week-on-week. As anticipated, a breakout above 5,770 propelled the index to meet all short-term targets of 5,821 / 5,850 / 5,900. Key Level to Watch: 6,013 This is a major Fibonacci resistance — the same level where the market started correcting back on March 3, 2025. A weekly close above 6,013 would be bullish, potentially triggering rallies toward 6,091 / 6,142 / 6,225. However, a breakdown below this week’s low of 5,786 would confirm a failed breakout, with downside targets at 5,637 / 5,551 / 5,458. Momentum traders, get ready – sharp moves are coming either way!
NSE:NIFTY
by ssudhirsharma11
Nifty Analysis EOD – May 16, 2025 – Friday🟢 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.
NSE:NIFTY
by kzatakia
Major Breakout For Nifty But a Lot of Resistances Await.We saw a major Breakout for Nifty today but there are a few resistances ahead of us. Three things could happen now: 1) Nifty Rampages ahead towards 26K If the Bull Rally has real substance. 2) We might see some consolidation in this range and and after consolidating, Nifty retesting some important support the rally begins again. 3) Bears That are trapped throw a counter punch. Scenario 1) Nifty has some resistance ahead near 25116 and 25221. We already hit 25116 and then closed at 25062. But if these 2 resistances are cleared and we get a closing above them Nifty can move swiftly towards 25352, 25453, 25662, 25882 and then regain 26K+ levels. Scenario 2) As the Nifty has been rampaging ahead post ceasefire news there is practically need of a consolidation here. If Nifty chooses Consolidation then it may come down to test the bottom and the supports from where it can launch again remain at 24864, 24525, 24369 and then Mother and Father Line supports at 23775 and 23536 respectively. Scenario 3) Bears who are trapped badly with the shorts can also throw a counter punch. This punch however will be effective only if we get a closing below 23536. In such a scenario Bears can pull back the Nifty towards 23942, 23401, 22805 or even 22K levels. (This however looking at the momentum looks less likely but you can never say never in stock market.) Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Analysis EOD - May 15, 2025 - Thursday🟢 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.
NSE:NIFTY
by kzatakia
Volatile day where Mother line gave support to NiftyIt was a volatile day on browsers where Mother line of hourly chart gave support to Nifty and helped it close in Green. after opening in Green Nifty and making a high of 24767 Nifty saw selling pressure which took it to as low as 24535 losing over 232 points. There Nifty found the support of Mother line and rose 141 points closing at 24666 which is 88 points hig from yesterdays close. Further volatility cant be ruled out as Nifty is facing the resistance of the trend line at 24684. If this level is crossed Nifty can find further resistance at 24852 and 25012. 25012 seems to be a Channel top resistance which will be little difficult to cross. Supports for Nifty remain at 24505 (Mother Line Support), 24374, 24165 and 23979 (Father Line Support). If Father line support is broken by chance bears can drag Nifty further down to 23786 levels. Around this zone we will also have mid channel support of the parallel channel. Thigs are delicately poised with positive shadow of the candle. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Analysis EOD - May 13, 2025 - Tuesday🟢 Nifty Analysis EOD - May 13, 2025 - Tuesday 🔴 Is it Retracement or Breakout Failed? 🔍 Nifty Summary Nifty opened with a mild gap-down of 35 points and within the first 20 minutes, it sliced through multiple supports — Previous Day Close, 24,882, 24,801–24,768, and even 24,730 — in what looked like a determined breakdown. However, the follow-up was missing. Instead of extending lower, the index hovered indecisively near the CPR until 12:30 PM. Post-lunch, a breakout attempt did arrive — but momentum was lukewarm. Both sides saw significant premium erosion, making it a tough day for option buyers. Despite the early pressure, Nifty closed at 24,578 (-57 pts) — a mild negative close, but interestingly near multiple fib supports and recent swing zones, hinting at absorption. 🕵️ Intraday Walk 🔽 Broke PDC → 24,882 → 24,801–24,768 → 24,730 within 20 minutes. 🌀 Stuck inside CPR zone until 12:30 PM – volatility without trend. 📈 Breakout attempt post-lunch lacked strength. 💸 Both calls and puts decayed heavily – option writers ruled. 🧭 75-Min Chart Analysis / Zone Commentary Market flirted with imbalance in the morning, but later balanced out, forming a neutral structure. The rejection of deeper downside and close near key fibs point to a pause more than a trend. 🔍 Key Observations: ✅ Closed near recent swing high at 24,589 ✅ Near 0.382 Fib retracement from the previous close (24,587) ✅ Near 0.618 Fib from the prior session (24,595) ❌ No follow-through after support breaks ❌ Momentum faded quickly after the breakout attempt 📌 Implication: The market shows signs of absorption near support zones but lacks strength for a reversal — neutral to slightly bullish bias, but still cautious. 🛡 Gladiator Strategy Update Strategy Parameters ATR: 362.82 IB Range: 298.2 → 📏 Large IB Market Structure: ⚖️ Balanced Trade Highlights 📈 Long Trigger @ 12:40 PM 🎯 Target 1:1 Achieved 💼 Total Trades: 1 🔢 Support & Resistance Levels 🟩 Resistance Zones: 24,660 24,730 24,768 ~ 24,800 24,882 24,980 ~ 25,000 25,100 ~ 25,128 25,180 ~ 25,212 🟥 Support Zones: 24,882 24,800 ~ 24,768 24,730 24,660 24,590 24,530 ~ 24,480 24,461 24,420 ~ 24,400 24,365 ~ 24,330 24,245 ~ 24,240 🔮 What’s Next? Today’s session looked like a failed to sustain above 24800 and lack of retracement. close around the fib level, raises a question about whether is it breakout failure or just retracement ? In short: no clarity. 📌 If Nifty holds above 24,530–24,480, it may attract buying towards 24,730–24,800 again. 📉 But a sustained break below 24,480 could invite a retest of 24,365 ~ 24,330 zone. ➡️ For now, traders should stay nimble and option buyers cautious. 💬 Final Thoughts “Confusion is a part of clarity. Let the market reveal itself — reacting is better than predicting.” ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty cooled down from the overbought zone. The correction in Nifty we saw today in most likelihood seems like a correction from overbought zone. The indicator for this is RSI which had reached 77.09 yesterday in the hourly chart. After the correction today it is back to 53.28 after reaching 51.5 earlier today. Another reason can be US and China agreeing to a trade deal which might also be seen as a negative for Indian markets. whether it will have very negative impact and send market further down is there to be seen. IT, Metals, Infra, MNC, Pvt Banking and Finance stocks were laggard. The indices that were positive today are Midcap, Small cap, Psu Banks, CG, Media and Pharma. Supports for Nifty remain at: 24450 (Mother line of Hourly chart), 24374, 24165, 23929 (Father line of Hourly chart) and Mid channel support at 23786. Resistances for Nifty remain at: 24642, 24797 and 25012 (Channel top resistance). Shadow of the candle looks neutral as of now. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Brahmos Candle took off today. The situation was delicate on Friday but weekend brought a news that was favorable for the market. The news related to Ceasefire always helps the business and give a relief to the investors. We are yet to see how things shape up when the 'war of fog' disperses but things are coming back on track it seems as of now. Trade talks between US and China are also yielding some positive vibes. Thus the market today took off like a BRAHMOS Missile and had given one of the strongest candles which is very rare to see. Things are looking very bullish as of now if everything remains calm. The Nifty supports right now seem to be near 24802, 24621 (Trend line Support) 24361, 23849, 23648 (Mother line on Daily chart) and 23498 (Father line on Daily chart). The Nifty Resistances right now seem to be near 24944, 25062, 25245, 25505 and 25772. Once we close above 25772 if everything remain positive we can think of regaining even 26K levels and going deeper just like our missiles. But before we reach the Euphoria zone there are a lot of resistances to be crossed. Shadow of the candle is Bullish however there can be chances of Profit booking as well where investors can tend to take their short / medium term profit. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Analysis EOD - May 12, 2025 - Monday🟢 Nifty Analysis EOD - May 12, 2025 - Monday 🔴 🚀 Peace Talks & Policy Push – Bulls Break Chains, Nifty Soars to New Heights! Opening Mood: Relief from geopolitical tension and global trade optimism lit a fire under the bulls—marking one of the most powerful sessions in recent weeks. 🧭 Nifty Summary: Following positive developments—ceasefire between India and Pakistan and trade policy easing between China and the US—Gift Nifty signaled a sharp gap-up. Nifty opened at 24,420 (▲ 412 points | 1.72%), jumping above multiple resistance levels: 24,400~24,420 and 24,365~24,300. The first 5-minute candle alone posted a 184-point rally—and from there, bulls never looked back. By breaching the 24,800 resistance and making a new swing high at 24,944.80, the day stamped bullish dominance. The close just 20 points below the high reflects strong buying interest and minimal profit booking. 🕯️ Daily Candle Breakdown: Today’s Candle: Bullish Marubozu (full-bodied, tiny/no wicks) — high conviction buying Close: 24,924.60 (Near day’s high) Key Observations: ✅ Breakout above 24,800 resistance ✅ Closed above 22nd Oct 2024 candle high — a key Head & Shoulder confirmation level ✅ Strong volume and price confirmation 🔜 Watch for follow-through above 24,700–24,800 zone What It Implies: Clear strength from bulls with no hesitation. If follow-through sustains, we could be heading toward a fresh leg of upside—likely to test the psychological 25,000 mark and beyond. ⚔️ Gladiator Strategy Update Strategy Parameters: ATR: 355.76 IB Range: 358.95 → Extreme Large IB Market Structure: ImBalanced Trade Highlights: Total Trades: 1 ✅ Long Trigger @ 12:25 PM → Target 1:3.5 Achieved 📈 Intraday Walk (5-Min View): Opened strong above multiple resistance zones First candle: explosive 184-point rally Smooth rally continued with no major retracement A new swing high formed at 24,944.80 Day closed just shy of the high—strength intact 🔍 Support & Resistance Levels 🔼 Resistance Zones: 24,980 ~ 25,000 25,100 ~ 25,128 25,180 ~ 25,212 🔽 Support Zones: 24,882 24,800 ~ 24,768 24,730 24,660 24,590 24,530 ~ 24,480 📌 Final Thoughts: "Markets love clarity. With news-driven fear subsiding, technicals are taking charge again. Follow momentum—but don't chase it blindly." ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Weekly Market Wrap: Nifty Dips 340 Points Amid Global TensionsThis week, the Nifty 50 ended on a cautious note, closing at 24,008, down 340 points from the previous week's close. The index traded within a tight range, hitting a high of 24,526 and a low of 23,935—well within my anticipated levels of 24,900 to 23,800. Silver Lining: Despite ongoing geopolitical tensions and negative news flow—including war-related developments—bulls managed to defend the critical psychological support of 24,000. That’s a sign of resilience in an otherwise shaky environment. What’s Ahead? For the upcoming week, expect high volatility. I see Nifty moving between 24,600 and 23,200. A weekly close below 23,800 could spell trouble for bulls, potentially opening the door for a drop toward major support zones at 23,200 and 23,000. Technical Outlook: Monthly & Daily Timeframes: Weak Weekly Timeframe: Still bullish So, while long-term charts show vulnerability, the weekly trend gives hope. I'm staying cautiously bullish—but will only turn aggressive once the monthly chart flips positive. Until then, it’s time to stay vigilant, not impulsive. Global Cues: S&P 500 Holding Up Amid Uncertainty The S&P 500 closed at 5,659, just 30 points down from the previous week, forming a doji candle—a clear sign of indecision. As long as the index holds above 5,532, there's no major cause for concern. Bearish Trigger: Below 5,532, expect downside pressure toward 5,458 and 5,392, which could spill over into already fragile emerging markets like India. Bullish Breakout: Above 5,770, bulls gain momentum, with potential upside targets of 5,821, 5,850, and 5,900. A rally here could bring relief to global equities, including Indian markets.
NSE:NIFTY
by ssudhirsharma11
Nifty Analysis EOD - May 9, 2025 - Thursday🟢 Nifty Analysis EOD - May 9, 2025 - Thursday 🔴 🧨 Gap Down, Rebound & a Triangle Trap – Bulls Show Spine Amid Chaos Opening Mood: Overnight panic from geopolitical tensions shook the market’s foundation—but the bulls weren’t ready to surrender just yet. 🧭 Nifty Summary: Gift Nifty had plunged to 23,760 late last night on news of escalating conflict—marking a 445-point fall. However, as the night wore on without further developments, markets began to stabilize. At the open, Nifty registered a gap-down of 338 points at 23,935, but the first 5-minute candle showed strength, racing to fill the gap. After a brief attempt to break the Previous Day’s Low (PDL), Nifty failed to hold below and slid back to its origin. The rest of the day was a tug-of-war with sharp two-sided moves, eventually forming a descending triangle pattern—a sign of compression and directional indecision. 🕯️ Daily Candle Breakdown: Today’s Candle: Wide-range doji with upper wick—signs of volatility and hesitation Close: 24,008 (▲ Positive) Key Observations: ✅ Above 24,000 Psychological Mark ✅ Held Support Zone: 24,000 ~ 23,950 ✅ Above Recent Swing Low: 23,847.85 ❌ Slightly Below Previous Week’s Low: 24,054.05 ❌ Below Previous Swing Close: 24,036 What It Implies: Buyers are stepping in at key supports, but conviction is still lacking. The market remains reactive to global cues, especially Mission Sindoor ones. ⚔️ Gladiator Strategy Update Strategy Parameters: ATR: 291.20 IB Range: 204.00 (Large IB) Market Structure: ImBalanced Trade Highlights: Total Trades: 1 ✅ Long Trigger @ 10:10 AM → Target 1:1.5 Achieved 📈 Intraday Walk (5-Min View): Strong gap-fill in the first candle signaled bullish intent Failed breakdown below PDL trapped weak shorts Descending triangle emerged as price compressed Market closed near resistance but above key support—neutral to slightly bullish tone 🔮 What’s Next? This market is walking a tightrope between sentiment and structure. On one hand, technical levels are being respected—but on the other, global uncertainty is keeping participants hesitant. “This is a news-driven market. Delivery trades are best avoided. Stay nimble, trade the levels, and protect capital. Remember, sometimes staying out is a profitable strategy.” 🔍 Support & Resistance Levels 🔼 Resistance Zones: 24,036 ~ 24,044 24,150 ~ 24,165 24,188 ~ 24,240 24,290 24,330 ~ 24,365 24,400 ~ 24,420 🔽 Support Zones: 24,000 ~ 23,950 23,935 23,890 ~ 23,870 23,848 23,820 23,710 ~ 23,660 📌 Final Thoughts: “Structure is key. When levels work, respect them. When they break, adapt.” In a market full of noise, discipline and level-based action is your edge. ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
So finally Nifty recedes a bit due to Indo-Pak tensions.Finally Nifty today receded a bit due to Indo-Pak tensions and war like situation/war between Indo-Pak. The support levels for Nifty now remains at 23924, 23809 important (Father line support of hourly chart), 23676 important mid channel support if this support is broken bears can drag Nifty further down to 23462, 23279, 22771 and finally 22579 which is the channel bottom support. If this level is broken there can be further free fall. Resistances on the upper side remain at 24111, 24247 (Mother Line resistance on the hourly chart), 24443, 24634 and 24892 (Channel top resistance). Situation remains fluid due to the Geo-Political situation no support can be very strong support as a lot can happen during the week end and no resistance can be a solid resistance if few things move in the anticipated direction. Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Surgical strike on Nifty call sellers at 24800-900Market Update: Nifty Outlook Today, amid news of an Indian Army operation, Nifty opened with a significant gap down but swiftly recovered, showing strong upward momentum. Currently, the chart structure indicates the need for a higher low to set the stage for the next leg of the uptrend towards the 24,800–24,900 zone. A flat opening in the next session could provide the ideal setup for a strong rally. Notably, a sustained move above 24,500 could trigger a "surgical strike" on call sellers positioned at the 24,800–24,900 levels, potentially leading to sharp short-covering. We recommend closely tracking price behavior near key support areas for confirmation of the next move.
NSE:NIFTYLong
by utradewithme
Very Strong performance by Nifty to close in Positive todayDespite the fear of escalation of tensions at Indo-Pak border and Indian carrying out Operation Sindoor Nifty closed in Green today. This signifies the strength of Indian market, India as an Economy and India as a country. Very few would have imagined that Indian markets will close in Green today when the market begun early morning. The situation still remains fluid/dynamic and explosive. so still investors should keep stop losses and trailing stop losses in place. Supports for Nifty remain at: 24315 (Strong Mother line for hourly chart), 24202, 24083, 23944 and 23754 (Strong Father Line support). Below 23754 Bears can take control of the market and drag it towards 23K. Resistances For Nifty remain at: 24430, 24528, 24616 and 24863. Closing above 24863 can empower Bulls in a big way to Pull Index towards 25K+ levels. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment