🟢 Nifty Analysis EOD – August 1, 2025 – Thursday 🔴
🎢 Illusion Rally: What You See, Isn’t What It Was!
🧾 Nifty Summary
As we all expected, a negative gap-down opening occurred due to external news. Nifty opened 183 points lower, tested the 24,660–24,675 support zone, then rebounded sharply after a symmetrical triangle + VWAP breakout. The rally pierced through all key levels like a hot knife through butter, topping at 24,950, only to reverse with equal intensity. Closed at 24,765.
📌 Despite the technical structure, today’s move had no clear technical reasoning — more likely triggered by a mix of tariff news, confidence in Modi, weekly + monthly expiry, and manipulation.
📌 in spite of a bullish candle, strong upper rejection from 24,950 hints weakness. Candle appears bullish on colour, but bears dominated intraday close — forming a bearish Moboroshi Candle (illusion of strength).
📌 Bearish Moboroshi Candle Structure : close > open and close < Previous Close
🔍 Intraday Walk
📉 Gap down of 183 pts
🟢 Support held at 24,660–24,675
🔺 Symmetrical triangle + VWAP breakout
🚀 Sharp upmove to 24,950 zone
🔁 Reversal with same intensity
📉 Closed at 24,765 — below prior close
🖼 5 Min Time Frame Chart with Intraday Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 24,642.25
High: 24,956.50
Low: 24,635.00
Close: 24,768.35
Change: −86.70 (−0.35%)
Candle Structure:
✅ Green Candle (Close > Open) → +126.10 pts real body
⬆️ Upper Wick → 188.15 pts (Very Long)
⬇️ Lower Wick → 7.25 pts (Tiny)
Interpretation:
Opened near yesterday's low
Intraday sharp rally towards 24,950+
Faced strong selling at highs
Closed above open, but way below high — signals clear rejection
Candle Type:
📌 Bearish Moboroshi Candle — Appears bullish but hides weakness
🧠 Buyers strong initially, but sellers took control at the top
Key Insight:
Bulls need decisive close above 24,880–24,910
Else, expect drift back toward 24,660–24,675
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 208.29
IB Range: 93.95 → Medium
Market Structure: Unbalanced
Trades Triggered:
✅ 10:40 AM – Long Entry → Trailing Target Hit (R:R – 1:6.25)
📌 Trade Summary: Big R:R win today on breakout with trailing logic execution!
🧱 Support & Resistance Levels
🔺 Resistance Zones:
🔻 Support Zones:
💭 Final Thoughts
"When the move can’t be explained, the best position is caution."
Today's market behavior reinforces the idea that not all moves are technical. Keep your tools sharp, but don’t ignore contextual chaos.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
🎢 Illusion Rally: What You See, Isn’t What It Was!
🧾 Nifty Summary
As we all expected, a negative gap-down opening occurred due to external news. Nifty opened 183 points lower, tested the 24,660–24,675 support zone, then rebounded sharply after a symmetrical triangle + VWAP breakout. The rally pierced through all key levels like a hot knife through butter, topping at 24,950, only to reverse with equal intensity. Closed at 24,765.
📌 Despite the technical structure, today’s move had no clear technical reasoning — more likely triggered by a mix of tariff news, confidence in Modi, weekly + monthly expiry, and manipulation.
📌 in spite of a bullish candle, strong upper rejection from 24,950 hints weakness. Candle appears bullish on colour, but bears dominated intraday close — forming a bearish Moboroshi Candle (illusion of strength).
📌 Bearish Moboroshi Candle Structure : close > open and close < Previous Close
🔍 Intraday Walk
📉 Gap down of 183 pts
🟢 Support held at 24,660–24,675
🔺 Symmetrical triangle + VWAP breakout
🚀 Sharp upmove to 24,950 zone
🔁 Reversal with same intensity
📉 Closed at 24,765 — below prior close
🖼 5 Min Time Frame Chart with Intraday Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 24,642.25
High: 24,956.50
Low: 24,635.00
Close: 24,768.35
Change: −86.70 (−0.35%)
Candle Structure:
✅ Green Candle (Close > Open) → +126.10 pts real body
⬆️ Upper Wick → 188.15 pts (Very Long)
⬇️ Lower Wick → 7.25 pts (Tiny)
Interpretation:
Opened near yesterday's low
Intraday sharp rally towards 24,950+
Faced strong selling at highs
Closed above open, but way below high — signals clear rejection
Candle Type:
📌 Bearish Moboroshi Candle — Appears bullish but hides weakness
🧠 Buyers strong initially, but sellers took control at the top
Key Insight:
Bulls need decisive close above 24,880–24,910
Else, expect drift back toward 24,660–24,675
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 208.29
IB Range: 93.95 → Medium
Market Structure: Unbalanced
Trades Triggered:
✅ 10:40 AM – Long Entry → Trailing Target Hit (R:R – 1:6.25)
📌 Trade Summary: Big R:R win today on breakout with trailing logic execution!
🧱 Support & Resistance Levels
🔺 Resistance Zones:
- 24,820 ~ 24,830
- 24,850
- 24,880 ~ 24,890
- 24,910
🔻 Support Zones:
- 24,780
- 24,725 ~ 24,715
- 24,660 ~ 24,650
- 24,620 ~ 24,600
💭 Final Thoughts
"When the move can’t be explained, the best position is caution."
Today's market behavior reinforces the idea that not all moves are technical. Keep your tools sharp, but don’t ignore contextual chaos.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
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.