Nifty EOD Analysis – May 2, 2025 - Friday🟢 Nifty EOD Analysis – May 2, 2025 (Friday)🔴
Another day... tug-of-war between buyers and sellers
📊 Nifty Summary
Another one-day tug-of-war between buyers and sellers. As usual, morning momentum — driven by buyers and short-covering — pushed the index into a bullish zone. However, profit booking and seller dominance dragged it back down, ultimately parking Nifty again in the 24,330 ~ 24,365 zone — now the 4th straight session closing within this narrow range.
Nifty opened on a bullish note at 24,311 and launched into a swift rally, breaching multiple resistance zones and clocking a new high at 24,589 within the first hour. However, the enthusiasm faded quickly. Sellers stepped in aggressively, and all the major support levels crumbled one by one. What started as a breakout turned into a breakdown.
The index drifted lower and spent the rest of the session stuck in a narrow zone of 24,330–24,365 — now for the fourth session in a row! The close at 24,346 reflects indecision and caution ahead of next week’s events.
📌 5 Min Time FrameChart
🕔 Intraday 5-Min Chart (Price Walkthrough)
🔹 Opened at 24,311 and rallied sharply to 24,589 — breaching multiple resistance zones.
🔹 Sellers took control and dragged the index back below 24,400.
🔹 Breakdown through all major support levels including PDH, CPR, and CDL.
🔹 Post-lunch session remained directionless between 24,330–24,365.
🔹 Fourth consecutive close inside this compression zone.
📌 75 Min Time FrameChart
⏱️ Intraday 75-Min Time Frame Chart
📐 First two candles formed a bullish setup, but the third candle completely reversed the gains, forming an Inside Bar breakdown trap. The remaining candles failed to break out of the previous range, with momentum fading.
⚠️ A breakout (or breakdown) from this compression is now imminent — keep your eyes on the next session for direction.
📌 Daily Time FrameChart
🕯️ Daily Time Frame Chart & Candle Breakdown
📈 Today’s Candle Type: Spinning Top with long upper wick
🟢 Open: 24,311.90
🔺 High: 24,589.15
🔻 Low: 24,238.50
🔚 Close: 24,346.70
📊 Change: +12.50 (+0.05%)
🧠 Know Your Candle:
A Spinning Top reflects market indecision — the long wicks show strong attempts by both bulls and bears, but neither managed to dominate.
Upper Shadow: 242.45 pts → Strong selling from highs
Lower Shadow: 73.40 pts → Mild buying near lows
Real Body: 34.80 pts → Modest positive close
🔍 Interpretation:
Despite an early morning breakout, the close back in the congestion zone signals a lack of directional strength. The long upper wick reflects failure to hold higher ground — bias slightly tilting bearish unless this zone is broken with conviction.
⚔️ Gladiator Strategy Update
📌 Strategy Parameters:
ATR: 317.21
IB Range: 270.30
IB Category: Medium IB
Market Structure: Balanced
📊 Trade Summary:
✅ 1st Trade (Long): Triggered at 9:25 – Target Achieved (1:2 RR)
❌ 2nd Trade (Short): Triggered at 12:25 – SL Hit
🔮 What’s Next?
The bias remains neutral to slightly bearish. Despite a strong upside in the first hour, the repeated failure to sustain above 24,400 and four closes within 24,330–24,365 suggest exhaustion.
A breakout from this tight coil should give a clear move — wait for confirmation.
📌 Support & Resistance Levels
🔺 Resistance:
24,330 ~ 24,360 (Immediate hurdle)
24,400 (PDH)
24,457
24,480 ~ 24,540
24,589 (CDH)
24760 ~ 24,800
🔻 Support:
24,190 ~ 24,225
24,120
24,050
24,000 ~ 23,950
23,820
23,710 ~ 23,660
23,500
23,410 ~ 23,370
23,215
💬 Final Thoughts
“Range traps continue to fool both sides — momentum without conviction is just noise.”
Watch the compression zone — a genuine breakout or closing above 24,365 or breakdown below 24,225 could bring clarity. Until then, trade light and watch levels.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
