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Nifty Analysis EOD – 17th April 2025🟢 Nifty Analysis EOD – 17th April 2025 🔴 Weekly Expiry Surprise – A One-Sided Short Covering Rally! 📌 Market Background Before jumping into today’s rally, let’s briefly revisit yesterday’s analysis: “Tomorrow’s weekly expiry + a holiday on Friday = high chance of a rangebound expiry day. Even if we get a gap-up due to global cues or news, I’m not expecting a breach above 23,500.” This view was based on the recent expiry behavior and range contraction, especially with the past two days showing just a 170-point range and the last 10 expiries averaging a 192-point intraday range. But today, the market did what it does best – surprised everyone! 📌 Today’s Price Action Nifty gave a one-sided, mind-blowing short-covering rally on the weekly expiry day. IB High + PDH Breakout triggered a sharp move early in the session. Sustained price action above 23,550 in the morning session activated aggressive short covering. This momentum carried Nifty all the way to an intraday high of 23,872. Closing at 23,852, Nifty registered a new swing breakout, moving above its previous highest swing close. 📊 Intraday Movement Stats Total movement: 574 points 🔥 Nifty: +414 points (+1.77%) Bank Nifty: +1172 points (+2.21%) Nifty 500: +277 points (+1.3%) Midcap: +312 points (+0.60%) Smallcap: +61 points (+0.37%) 📌 Key Observations Bank Nifty is now just 177 points away from its All-Time High closing. Smallcap and Midcap underperformance suggests today’s rally was index-heavy – many portfolios might not reflect the same gains as Nifty. 📉 So, What’s Next at 23,850? Honestly… don’t know! Will it push to 24,050? Or take a pause and pull back for a retracement? With Friday being a holiday, we’ll have to wait until Monday for clarity. 📌 Important Levels to Watch 🔼 Resistance Zones 23,950 ~ 24,000 24,050 24,190 ~ 24,225 🔽 Support Zones 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,340 23,200 ~ 23,190 🧠 Strategy Insight Don’t chase. Watch price action around 23,820–23,950. Be flexible. Don’t marry a bias. Let Monday’s opening structure guide your next move.
NSE:NIFTY
by kzatakia
OP Secondary trend. Wedge. Reversal zones. 17 04 2025From the wedge breakout, the price reached the level of 2.857 (81%) and from it the trend reversal under the general trend of altcoins, breaking through the "neck" zone of the head and shoulders, thereby realizing this pattern on a large scale and reaching the reversal zone of the minimums of the level of 0.509. We went down to the range below along the fan. Consolidation above the dynamic support opens up the potential for movement to its resistance, I specifically put another meridian, as from it with a high degree of probability, even with the implementation of the bullish potential, there will be a significant pump / dump rollback. It just intersects with the previous consolidation of support, which in this case acts as resistance (those who previously bought in this zone will sell, thereby going into breakeven and stimulating the stop of the impulse and a rollback (logical probability). Locally, again having formed on the fall, as before, a descending wedge in the secondary trend. It has not yet been fully formed, the price is not clamped. But, conditionally, the price is at the minimum zone. You can start gaining from the average price, or work on a breakthrough of the formation, observing risk and money management. If you are scared (it is always like this at the minimum zone) - then everyone is the same, and most refuse to buy, but willingly buy when the price is already expensive. A breakthrough of this wedge is a corrective upward movement to the mirror resistance zone of the previous consolidation (highlighted in gray), if in general, a "revival of faith" is observed in alts. Also after breakout of the wedge, if the market as a whole is bearish on alts, then they will make a cut (in this case, a repeated set) at the zone of minimums in a wide range of price slippage and the complete death of faith in the candy wrapper of "crypto whales", highlighted in green.
Long
by SpartaBTC
OP/USDT Major trend. 07 2024Logarithm. Time Frame 1 week. After the listing there were 3 cyclical pumping of the “participation” phase. PR, hype, connection of the majority in mass media. The reversal occurred with a typical breakout in the secondary trend of a triangle (first pumping) or a wedge (second pumping). Now the third wedge is forming, the price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. On a line chart (liquidity, no slippage) the declines are cyclical at -63% each time according to the algorithm. Each successive top +55% of the previous secondary trend. It is quite possible that something similar will happen again this time (not necessarily), but only ideally after holding dynamic fan support and breaking wedge resistance. I have purposely shown only medium-term targets after a trend break. Gann's trend fan is plotted on the chart, i.e. dynamic support/resistance areas for the future. Optimism customization - L2's blockchain scaling solution ETH Crypto funds have invested a total of $267 million. Secondary trend Time frame 3 days
Long
by SpartaBTC
2
OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024 Logarithm. Time frame 3 days. A descending wedge is forming. The price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. The reaction in this resistance zone will determine the trend for the near future. On the chart, I have specifically shown the minimum percentages of the two key reversal zones for the trend to local resistance levels, for the potential of option A and B. Major trend. OP/USDT Major trend. 07 2024 Time frame 1 week.
Long
by SpartaBTC
1
TRXUSDT TRXUSDT Price Action Analysis (1H Timeframe) 🔹 Overall Trend: After a strong rally, the price is in a correction phase, currently trading at 0.2291. The key resistance at 0.2300 must be broken for a bullish continuation. 🔹 Bullish Scenario: A breakout above 0.2300 with confirmation could push the price towards 0.2345 and 0.2435. If this happens, the bearish structure will be invalidated, increasing bullish momentum. 🔹 Bearish Scenario: Failure to break 0.2300 may lead to a pullback towards 0.2250 and 0.2205. Losing 0.2205 could open the way for a deeper drop to 0.2160, a critical support zone. 🎯 Conclusion: Watch key levels closely; a confirmed breakout above 0.2300 signals a buy opportunity, while losing 0.2250 strengthens the bearish outlook.
by EhsanZeydabadi
GOLD (XAUUSD): Updated Support & Resistance Analysis With a strong bullish rally that we saw on Gold since the beginning of the week, I prepared for you the updated support & resistance analysis. Resistance 1: 3340 - 3357 area Resistance 2: 3390 - 3406 area Resistance 3: 3440 - 3450 area Support 1: 3235 - 3246 area Support 2: 3135 - 3167 area Support 3: 2957 - 2983 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
1
KAS ANALYSIS (12H)A significant trendline has been broken on the chart, and a bullish iCH formation has also formed. Additionally, a liquidity pool is visible above the chart, which is expected to be swept soon. The demand zone is our entry area. If the price reaches this zone before touching Supply 2, we can consider entering a position. A daily candle close below the invalidation level will invalidate this analysis. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
by iMoneyTeam
Gold Hits Another All-Time High Amid Market JittersHello, XAUUSD has once again surged to a record high of 3245.515 this Friday, driven by a weakening dollar and renewed U.S.-China tensions. As uncertainty grows, gold continues to shine as a safe haven asset—bolstered by fears of a potential recession and lingering inflation concerns. The rally is further supported by rising expectations that the Federal Reserve may soon begin cutting interest rates. While some analysts anticipate a short-term pullback, the broader trend remains bullish, fueled by rate cut hopes, global instability, and ongoing strong demand. Currently, gold is hovering around a key resistance level at 3272.103 . This area could mark the final push—designed to trap overly optimistic buyers—before a potential bearish reversal. If this resistance holds, it could trigger a significant downside move, possibly targeting the 1-year pivot point (PP) at 2466.313 . Although current conditions may not seem to support such a drop, these are exactly the kind of unexpected moves market manipulators might orchestrate. Remember what happened when Trump posted bullish comments followed by a 90-day tariff break? Stocks temporarily soared. The takeaway? Anything is possible. One could argue there's an effort to stabilize the USD, masked by public optimism that doesn’t always reflect economic reality. This all points to a potential bigger play unfolding—a move that temporarily strengthens the dollar, possibly as part of a broader long-term strategy. We’re likely to see sharp bursts of USD strength followed by weakness, creating a rollercoaster pattern as the U.S. works to rebuild and gradually reinforce its currency. Trump’s current leverage comes from the power of the U.S. consumer—arguably among the most valuable in the world. Over time, more countries may be compelled to strike favorable deals with the U.S. to avoid economic fallout from imposed tariffs. It’s like a trial period for a premium service: first, you get a taste of the benefits without tariffs, and once you're accustomed to it, the terms change—creating a stark contrast that acts as a negotiation tool. This “shock factor” strategy—swinging from favorable to harsh conditions—puts other nations in a position of urgency and increases the likelihood of deal-making. While technicals and fundamentals still play a role in the market, tariffs are currently the main catalyst behind the scenes. In summary: 📊 XAUUSD Market Overview – April 2025 🟡 Current Status Latest High: 3245.515 🔺 (Record-breaking) Key Resistance: 3272.103 Trend: Bullish momentum fueled by: Weaker USD 💵 Fed rate cut expectations 📉 Recession & inflation fears 😟 Geopolitical tension (U.S.–China) 🌏⚠️ 🔮 Potential Scenarios Condition Market Reaction 🔼 Break above 3272.103 More upside likely – bull trend continuation 🐂📈 🔽 Rejection at 3272.103 Bearish reversal – trap for late buyers 🐻📉 🎯 Bearish Target: 1Y Pivot Point @ 2466.313 📌 Underlying Narrative USD Stabilization Strategy: Behind-the-scenes moves to strengthen dollar temporarily. Tariff Manipulation: Market shocks used as leverage in international trade talks. Trump Factor: Tariffs → Shock value → Deals → Strengthen USD via negotiation. Psychology: "Free trial" tactic – benefits removed to push for favorable deals. 📈 Key Takeaway If 3272.103 holds as resistance → Bearish move ahead If broken → Expect continued bullish momentum Good luck out there! The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1D-1Y timeframes! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAUUSDShort
by TradeWithTheTrend3344
2
Gold Dips From PRZ – Will Supports Hold for New ATH?Gold ( OANDA:XAUUSD ) started to correct again from the Potential Reversal Zone(PRZ) and near the Resistance lines . The question is, can Gold create a new All-Time High(ATH) again? In terms of Elliott waves , Gold appears to be completing a main wave 4 . This main wave 4 is likely to complete near the Support lines and Support zone($3,168-$3,133) . I expect Gold to either rise again after breaking the Resistance zone($3,220-$3,211) or near the Support zone($3,168-$3,133) and Support lines . Do you think Gold can create a new All-Time High(ATH) again? Note: If Gold breaks the Support zone($3,168-$3,133), we should expect a further correction from Gold. Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
3