🟢 Nifty Analysis EOD – August 6, 2025 – Wednesday 🔴
A Day of Noise, Not Direction: Will the Squeeze Explode Soon?
Nifty started flat with indecisive vibes, struggling initially around the 24,660 ~ 24,675 zone. After multiple failed attempts to hold, it slipped toward 24,580 — a cluster of PDL + S1 + Key Support — and broke below, forming the IB Low.
A quick bounce followed, but the index was firmly rejected near the VWAP + CPR + Fib zone, pushing it to a new day low at 24,544. Repeated intraday bounces faced selling pressure around 24,620, while 24,540 provided solid support — creating a tight intraday range.
Despite a perfect CPR setup for breakout, the market moved within just 132 points, the narrowest range in the last 4 sessions. A compression phase is building; breakout traders may soon get their moment.
📉 5 Min Time Frame Chart with Intraday Levels
🗣 Voice of the Intraday Option Buyer
Trend direction flipped multiple times — bearish to bullish and vice versa.
PDL + S1 zone experienced repeated fakeouts.
Low conviction moves on both sides frustrated momentum setups.
RBI event also not enough strong or trigger to guide directional bias.
Bank Nifty broke IB Low → IB High, closed strong; Nifty stayed muted.
Weekly expiry ahead — theta decay took control.
Many traders, including myself, anticipated a double inside bar breakout — but the trap continued.
Last 4 sessions (since Aug 1) have been painful for intraday option buyers — but it's all part of the game.
📉 Daily Time Frame Chart with Intraday Levels
🕯️ Daily Candle Breakdown
Candle Structure:
Interpretation:
Attempted upside early on but couldn’t hold.
Both wicks show intraday tug-of-war; red close confirms sellers still in control.
Repeated rejection from 24,660–24,675 highlights weak bullish attempts.
Candle Type:
Bearish indecision candle — resembles an Inverted Hammer, indicating weakness despite dip buying attempts.
🔍 Nifty Short-Term View – As of August 6, 2025
Last 5 sessions show directional fatigue and failed bullish attempts above 24,700.
Two consecutive inside bars signal tight range and pending breakout.
Lower closes and long lower wicks = sellers dominate, but buyers defend dips.
Break below 24,535 = fresh selling.
Close above 24,660 = potential short-covering rally.
📌 Conclusion:
Nifty is coiling — a strong breakout may soon end this sideways-to-weak grind.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 195.66
IB Range: 91.70 → Medium
Market Structure: Balanced
Trade Summary:
⏱ 10:35 AM – Short Entry → SL Hit
⏱ 12:15 PM – Long Entry → SL Hit
📏 Today's CPR Setup presenting...
⚠️ Today’s setup didn’t deliver, but backtests show such narrow CPRs often explode in the following session.
📌 Support & Resistance Levels
🔼 Resistance Zones:
🔽 Support Zones:
🧠 Final Thoughts
The market is in consolidation mode with narrowing range. The double inside bar setup points to an imminent move — be prepared for a breakout trade soon. Don’t lose patience; big days often follow tough ones.
🛡 Disclaimer
This analysis is shared for educational purposes only. It is not trading advice. Please consult your financial advisor before making any trading decisions. Always trade with proper risk management.
A Day of Noise, Not Direction: Will the Squeeze Explode Soon?
Nifty started flat with indecisive vibes, struggling initially around the 24,660 ~ 24,675 zone. After multiple failed attempts to hold, it slipped toward 24,580 — a cluster of PDL + S1 + Key Support — and broke below, forming the IB Low.
A quick bounce followed, but the index was firmly rejected near the VWAP + CPR + Fib zone, pushing it to a new day low at 24,544. Repeated intraday bounces faced selling pressure around 24,620, while 24,540 provided solid support — creating a tight intraday range.
Despite a perfect CPR setup for breakout, the market moved within just 132 points, the narrowest range in the last 4 sessions. A compression phase is building; breakout traders may soon get their moment.
📉 5 Min Time Frame Chart with Intraday Levels
🗣 Voice of the Intraday Option Buyer
Trend direction flipped multiple times — bearish to bullish and vice versa.
PDL + S1 zone experienced repeated fakeouts.
Low conviction moves on both sides frustrated momentum setups.
RBI event also not enough strong or trigger to guide directional bias.
Bank Nifty broke IB Low → IB High, closed strong; Nifty stayed muted.
Weekly expiry ahead — theta decay took control.
Many traders, including myself, anticipated a double inside bar breakout — but the trap continued.
Last 4 sessions (since Aug 1) have been painful for intraday option buyers — but it's all part of the game.
📉 Daily Time Frame Chart with Intraday Levels
🕯️ Daily Candle Breakdown
- Open: 24,641.35
- High: 24,671.40
- Low: 24,539.20
- Close: 24,574.20
- Change: −75.35 (−0.31%)
Candle Structure:
- Real Body: Red candle (67.15 pts)
- Upper Wick: 30.05 pts
- Lower Wick: 35.00 pts
Interpretation:
Attempted upside early on but couldn’t hold.
Both wicks show intraday tug-of-war; red close confirms sellers still in control.
Repeated rejection from 24,660–24,675 highlights weak bullish attempts.
Candle Type:
Bearish indecision candle — resembles an Inverted Hammer, indicating weakness despite dip buying attempts.
🔍 Nifty Short-Term View – As of August 6, 2025
Last 5 sessions show directional fatigue and failed bullish attempts above 24,700.
Two consecutive inside bars signal tight range and pending breakout.
Lower closes and long lower wicks = sellers dominate, but buyers defend dips.
Break below 24,535 = fresh selling.
Close above 24,660 = potential short-covering rally.
📌 Conclusion:
Nifty is coiling — a strong breakout may soon end this sideways-to-weak grind.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 195.66
IB Range: 91.70 → Medium
Market Structure: Balanced
Trade Summary:
⏱ 10:35 AM – Short Entry → SL Hit
⏱ 12:15 PM – Long Entry → SL Hit
📏 Today's CPR Setup presenting...
- Value Relationship: Inside Value → Breakout-Ready
- Avg CPR Width: 37.54
- Today’s CPR Width: 8.10 (🟠 21.58%)
- CPR Type: Narrow → Perfect setup for big expansion
⚠️ Today’s setup didn’t deliver, but backtests show such narrow CPRs often explode in the following session.
📌 Support & Resistance Levels
🔼 Resistance Zones:
- 24,620
- 24,660 ~ 24,675
- 24,725 ~ 24,735
- 24,780 ~ 24,795
- 24,860 ~ 24,880
🔽 Support Zones:
- 24,542 ~ 24,535
- 24,500
- 24,470 ~ 24,460
🧠 Final Thoughts
The market is in consolidation mode with narrowing range. The double inside bar setup points to an imminent move — be prepared for a breakout trade soon. Don’t lose patience; big days often follow tough ones.
🛡 Disclaimer
This analysis is shared for educational purposes only. It is not trading advice. Please consult your financial advisor before making any trading decisions. Always trade with proper risk management.
Read my blogs here:
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.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.
Read my blogs here:
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.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.