Nifty Analysis EOD – August 2, 2025 – Friday🟢 Nifty Analysis EOD – August 2, 2025 – Friday 🔴
Trapped at the Top, Slammed at the Close – Bulls Burnt Out!
🗓️ Nifty Summary
With the continuation of yesterday's hidden weakness, today's session gave early hope but ended with a bearish surprise. Nifty opened near the key support zone of 24,735 ~ 24,725, hovered indecisively, then suddenly rallied to 24,780, trapping bulls just under resistance.
But the trap was set.
A sharp reversal followed as Nifty broke not just the day’s low, but also the previous day’s support zone of 24,660 ~ 24,675, pulling the index lower into the 24,565.35 close — the second lowest close since May 12.
A fierce 2–3 hour tug-of-war between bulls and bears took place in a tight 40–50 point range until 2:50 PM, when bulls gave up—leading to a 100+ point fall in the last half-hour. shocked many traders, especially those fatigued from the earlier choppy action.
Much like yesterday, both sides of the trade were available today.
Did you catch them?
Zoom Out View :
Today’s close is just 23 points above the June 3 close, wiping out nearly 59 sessions (81 days) of gain.
Will the zone of 24460 ~ 24542 provide support again, or are we headed for a retest of the 24000 ~ 23800 and 23200 ~ 22800 (Pattern Target and Virgin) range?
Yes, you read correctly 23200 ~ 22800…!
Not so soon…but eventually…!
wish you tell me crazy and hope I am wrong…!
📈 5 Min Time Frame Chart with Intraday Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯️ Daily Candle Breakdown
Open: 24,734.90
High: 24,784.15
Low: 24,535.05
Close: 24,565.35
Change: −203.00 (−0.82%)
Candle Structure
🔴 Large bearish body (169.55 pts)
☁️ Moderate upper wick (49.25 pts)
⬇️ Short lower wick (30.30 pts)
Interpretation
Opened lower, climbed early but failed at 24,780+.
Selling dominated the rest of the session, closing near lows.
Moderate upper wick shows early bullish attempt was rejected.
Candle Type
Bearish Marubozu-like – clear seller dominance.
Key Insight
Sellers defended 24,780–24,800 zone.
Closing near 24,560 keeps the short-term bias bearish.
Next support: 24,500, 24,470 ~ 24460
⚠️ Bulls must reclaim 24,735+ on closing basis to neutralize sentiment.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 212.37
IB Range: 87.55 → Medium
Market Structure: Balanced
Trades Triggered
🕙 10:05 AM – Long Entry → 🎯 Target Hit (R:R – 1:1)
🕚 11:09 AM – Short Entry → 🎯 Target Hit (R:R – 1:2)
🔍 Trade Summary
Both sides were offered—clean hit on long and solid breakdown on short. A Gladiator’s delight.
📊 Support & Resistance Levels
🔼 Resistance Zones
24620
24660 ~ 24675
24725 ~ 24735
24780 ~ 24795
24860 ~ 24880
🔽 Support Zones
24,542 ~ 24,535
24,500
24,470 ~ 24,460
24,380
💬 Final Thoughts
"Traps are laid where confidence is highest. Stay alert, stay flexible."
A textbook day where patience paid off — those who didn’t force trades were rewarded with clean moves in both directions.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
