Nifty Analysis EOD – August 12, 2025 – Tuesday🟢 Nifty Analysis EOD – August 12, 2025 – Tuesday 🔴
24700 Attempt, But Bulls Lose Steam at Resistance
🗞 Nifty Summary
Nifty opened 18 points lower and slipped further by 12 points to hit the day’s low at 24,530.75. From there, a steady and confident rally took it one-sided to the 24,700 zone, marking the high at 24,702.60.
As highlighted in yesterday’s note, 24,725 was expected to be a key resistance zone — and right near 24,700, selling pressure emerged. The index slipped back toward the previous day’s close, tried to hold, but dipped again to the day’s low.
A positive sign was that the day’s low held, forming a double bottom pattern, followed by a rise above VWAP. However, failure to sustain above 24,620 saw bulls lose momentum, and bears dragged Nifty to 24,475, finally closing at 24,485.20.
We were expecting a close above 24,660–24,675 to keep bullish momentum intact, but such expectations may be premature while base-building is underway at lower levels.
Today’s price action suggests higher levels are attracting selling pressure, and sentiment shifted despite breaking the previous day’s high. Still, holding the day’s low at the Fib 0.618 retracement of the previous session means tomorrow’s opening above and sustaining this level could lead to a retest of 24,700 — with 24,620 and 24,650 acting as interim hurdles.
Interestingly, since 31st July, price action has shown random intraday swings without clear news or events — a cautionary sign for traders in the coming days.
🛡 5 Min Intraday Chart with Levels
🚶 Intraday Walk
Opened slightly negative, extended minor losses to the day’s low at 24,530.75.
Strong, steady upside rally to 24,700 zone.
Resistance selling kicked in right before the key 24,725 zone.
Sharp fall back toward the previous day’s close, followed by a double-bottom intraday structure.
VWAP break failed to sustain, leading to late-day selling pressure.
Closed well below the morning’s highs, losing bullish momentum.
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Today’s Candle Type: Inverted Hammer on a down day.
OHLC:
Open 24,563.35
High 24,702.60
Low 24,465.65
Close 24,487.40
Change −97.65 (−0.40%)
Body: 75.95 points (small)
Upper Wick: 139.25 points (long)
Lower Wick: 21.75 points (small)
Key Observation:
Buyers pushed strongly early but failed to hold — sellers dominated into the close.
What it Implies:
Near-term bearish bias below 24,500; rejection at 24,700 confirms supply zone pressure.
🛡 5 Min Intraday Chart
⚔ Gladiator Strategy Update
ATR: 216.97
IB Range: 171.85 → Medium
Market Structure: ImBalanced
Trade Highlights:
09:20 AM: Long Entry → Target Hit (R:R = 1:1.5)
🎯 What’s Next? / Bias Direction
Bias: Bearish below 24,500.
Supports: 24,460 – 24,420, then 24,350.
Resistances: 24,640 – 24,700.
A sustained open above 24,500 with holding could invite a retest of 24,700, but the path remains choppy.
📌 Support & Resistance Levels
Resistance Zones:
24,620
24,660 ~ 24,675
24,725 ~ 24,735
24,780
Support Zones:
24,475 ~ 24,445
24,410 ~ 24,400
24,350
💡 Final Thoughts
"The market doesn’t care about your hopes — it moves where the pressure flows."
Until the base solidifies, upside rallies will face headwinds. Respect the zones, trade the levels, and let price prove itself.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
