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NIFTY trade ideas

Today 3june 2025 nifty prediction and trade plan 🔼 Upside Scenario (Bullish Bias) Above 24,820: ➤ "Above positive trade view" zone → Bullish momentum expected. ➤ Target Zone: 24,930 ➤ Further target: 25,128 (Strong resistance & short-cover possible). Above 25,128: ➤ Strong breakout area → Possible aggressive short covering. ➤ Bullish continuation possible if it sustains above this level. 🔽 Downside Scenario (Bearish Bias) Below 24,630: ➤ Breaks opening support. ➤ Next support: 24,538 → Opening resistance turned into potential support. Below 24,534 – 24,518: ➤ Enters PE (Put Entry) zone. ➤ Weakness increases below 24,516 → Safe zone for PE traders. ➤ Final bear trigger: Below 24,397 → Unwinding possible. ➤ Target zone for heavy downside: 24,300–24,200. 🟡 Sideways / Choppy Zone Between 24,630 to 24,820: ➤ No clear trend unless breakout. ➤ Stay cautious → scalp only at levels. 📣 Summary View: Trend Trigger Level Target Range Bullish Above 24,820 24,930 → 25,128+ Bearish Below 24,630 24,534 → 24,397 → 24,300 Sideways 24,630 – 24,820 Wait for breakout
NSE:NIFTYLong
by mayuraj_820
#NIFTY Intraday Support and Resistance Levels - 03/06/2025Nifty is expected to open flat near the 24700 mark, continuing its sideways trend from previous sessions. The index is currently hovering just below the key resistance zone of 24750–24800. A breakout above this level can trigger bullish momentum with upside targets of 24850, 24900, and 24950+. Sustained strength may push the index further toward the 25000–25050 area. However, if Nifty fails to hold and breaks below 24700, it could lead to bearish pressure. A confirmed breakdown may open downside targets of 24650, 24600, and 24550. Further decline could test the next major support at 24500–24450 levels. As the market remains range-bound, traders are advised to wait for breakout confirmation with strict stop-loss. Watch for volume and momentum near breakout zones to avoid false signals.
NSE:NIFTY
by TradZoo
3 june Nifty prediction #Nifty50 #option trading 99% working trading plan ✅ Gap-Up Opening Strategy 🔹 If Nifty opens above 24,860 and hold for 15 mins: 📈 Bullish Trade 🎯 Targets: 24,970 🔹 If Nifty opens at 24,860 but fails to break above after 15 mins: 📉 Bearish Trade 🎯 Targets: 24,670 → 24,560 ✅ Gap-Down Opening Strategy 🔹 If Nifty opens above 24,670 and hold for 15 mins: 📈 Bullish Trade 🎯 Targets: 24,860 → 24,970 🔹 If Nifty opens below 24,670 and fails to break above after 15 mins: 📉 Bearish Trade 🎯 Target: 24,560 🎓 For more educational content, follow & support me! 📈 TradingView ID: @mayuraj_820
NSE:NIFTYLong
by mayuraj_820
2
NIFTY50.....Buy signal!Hello Traders, the NIFTY50 declined this morning roughly 210 points to 24526! This was today's low! After, a upmove started and created a buy-signal! Chart analisys! This buy-signal will be eliminated below the Monday's low @ 24526! You can enter the trade, if the upmove getting exhausted and retrace a 0.618 Fibo of the advance or you jump directly into the marked! Price targets will be submitted later! It becomes essential to handle the stop-loss level consequently @ 24526 points! Just one tick below and the trade must be stop! If the bulls want to ride this buy signal we can expect a wave c=a! I will update the count in the coming 1-2 days! Thank you for your understanding! Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
5
Nifty Bounces from Channel Bottom. Amidst escalation in Ukraine and Russia tussle with Ukraine going on major Drone offensive and Russia likely to respond anytime this week. The escalation can lead to NATO involvement and this can spell a major downside for Global market. The above is just speculation and things can take a different trajectory as well. During such global negative news Indian markets made a low of 24526 but recovered 190 points to close near 24716. This shows the strength of Indian market and shows that we are quiet buoyant. Resistance for Nifty Remain near: 24763 (Mother Line of Hourly Chart), 24887, 25041 (Mid channel resistance and 25151. Supports For Nifty Currently remain at: 24637, 24519 (Parallel Channel Bottom) and 24474 (Father Line of Hourly Chart). If we get a closing below 24474 Bears will have an upper hand and can drag market further down we give the downside levels if we reach there. If we get a closing above 25151 Bulls Will have an Upper hand and can pull the index further upwards we give further upside levels once we reach there. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Analysis EOD – June 2, 2025 – Monday🟢 Nifty Analysis EOD – June 2, 2025 – Monday 🔴 “Relaxed day... if you forget the first and last 20 minutes!” Nifty opened flat with a slightly negative tone and, within the first 20 minutes, collapsed over 200 points, hitting an intraday low of 24,526. However, the day had other plans. A slow and steady recovery followed, with Nifty reclaiming almost all its losses by mid-session. But just when things looked stable, the index shed 88 points in the final 20 minutes, eventually closing at 24,716.60, just 34 points lower than the previous close. If you ignore the volatility of the first and last few minutes, the day felt calm—almost deceptive. Small and mid-cap stocks, along with Bank Nifty, saw a positive day, showcasing broad market strength despite Nifty’s indecisiveness. 🛡 5 Min Chart with Levels 📌 Diamond Pattern BreakoutAs discussed in yesterday’s note, the diamond pattern on the daily and 5-min chart finally saw a breakout today—and yes, the target was achieved. But let’s be real: with all the action packed into the opening move, most traders (including me) missed the train. A frustratingly textbook pattern—but a tricky execution. 🕯 Daily Time Frame Chart 📊 Daily Candle Breakdown Open: 24,669.70 High: 24,754.40 Low: 24,526.15 Close: 24,716.60 Change: −34.10 (−0.14%) Candle Structure: 🟩 Green Candle: Close > Open (46.90 pts body) 🔻 Lower Wick: 143.55 pts – Strong buying at the dip 🔺 Upper Wick: 37.80 pts – Limited rejection from top Interpretation:Despite closing slightly lower, the candle reflects strong intraday buying after a deep dip. The long lower shadow shows support around 24,520–24,550 is active. Close near the top half signals buyers held their ground after early weakness. Candle Type:🔨 Hammer-like: Bullish sentiment hidden in the chaos. Key Insight: Holding above 24,755 can trigger a fresh bullish leg. Breach of 24,520 may invite more selling pressure. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 272.03 IB Range: 191.40 → 🔴 Wide IB Market Structure: ImBalanced Total Trades: 0 12:35 – Long signal came, but entry didn’t trigger. No trades taken. 🧭 Support & Resistance Levels 📈 Resistance Zones: 24,727 ~ 24,737 24,768 ~ 24,800 24,820 24,882 24,894 24,920 24,972 ~ 25,000 25,062 ~ 25,070 (5th rejection!) 25,116 ~ 25,128 25,180 ~ 25,212 25,285 ~ 25,399 📉 Support Zones: 24,700 24,660 24,640 ~ 24,625 24,590 24,530 ~ 24,480 24,460 🧠 Final Thoughts "Structure se hi samjho... market bhale chhup jaye, lekin footprint chhod deta hai."Diamond breakout ho gaya, lekin execution ne dhoka diya. Lesson? Stay ready—patterns repeat, but you only profit if you’re prepared. ✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty levels - Jun 03, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#NIFTY Intraday Support and Resistance Levels - 02/06/2025Nifty is expected to open flat near the 24700–24750 zone. The index has been consolidating in a tight range over the past few sessions, indicating indecision and a potential breakout on either side. If Nifty sustains above the 24750–24800 zone, a bullish breakout may unfold with upside targets of 24850, 24900, and 24950+. A clear move above 25000 will confirm strong buying momentum with extended targets of 25150, 25200, and 25250+. On the downside, if Nifty breaks below 24700 and fails to recover, fresh selling pressure could drag the index toward 24650, 24600, and 24550.
NSE:NIFTY
by TradZoo
Learning#01 : Master Candle Theory🕯️ Master Candle Theory: The Hidden Price Action Signal Most Traders Overlook Introduction In a world full of overcomplicated indicators and conflicting signals, sometimes the simplest patterns reveal the deepest insights. Master Candle Theory is one such underrated concept — a clean, structure-based method of reading price that often signals major breakouts before they happen. Whether you're a beginner trying to understand price behavior or a seasoned trader looking to tighten your entries, this article will break down how to identify, understand, and apply Master Candle setups in real markets. 🔍 What is a Master Candle? A Master Candle (MC) is a single large candlestick that fully engulfs the range (high to low) of the next 3 to 5 candles. To qualify as a Master Candle: The candle must have a relatively large range. The next 3–5 candles should form completely within the high and low of that Master Candle. These inside candles usually show reduced volatility and indecision. This creates a "box" or price compression zone, which often leads to a significant breakout. 📊 Why It Matters Price moves in cycles: expansion → contraction → expansion. Master Candle formations represent the contraction phase — a build-up of pressure. Traders watching for breakouts from these formations can catch the next expansion leg with better precision. Key benefits: Clear structure: Easy to identify on any time frame. Built-in risk control: The high and low of the MC give natural breakout and stop-loss levels. Works across markets: Forex, crypto, indices — the principle applies universally. 🛠️ How to Trade the Master Candle Setup Step 1: Identify the Master Candle Look for a candle with a wide range. Confirm that the next 3–5 candles stay within the high-low range of the MC. Step 2: Mark the MC Range Draw horizontal lines at the high and low of the MC. This defines your breakout zone. Step 3: Wait for a Breakout Price should break out clearly above or below the MC range. Volume increase or confirmation candle helps strengthen the signal. Step 4: Manage the Trade Entry: On breakout close or retest of the MC boundary. Stop-loss: Just inside the opposite side of the MC. Targets: Use previous structure, Fibonacci, or a fixed R:R ratio (e.g., 1:2+). ☠️ Pro Tips and Common Mistakes ✅ Best on higher time frames: MC setups are more reliable on 1H and above. ✅ Look for confluence: Combine MC setups with support/resistance, trendlines, or moving averages for higher probability trades. ❌ Avoid trading inside the MC range: It’s a zone of uncertainty — wait for confirmation. ❌ Don’t force the setup: Not every big candle is a Master Candle. Let the market show you clean, well-formed patterns. 🧠 Kiran’s Approach: Real-World Application of Master Candle Theory While the core theory is powerful on its own, I’ve refined a method that filters noise and improves accuracy using a multi-timeframe strategy I call HTF ~ LTF (Higher Time Frame vs. Lower Time Frame). Here’s how I apply it in my day-to-day trading: Identify the Master CandleI start by spotting a valid Master Candle and marking its high and low. This forms my breakout zone. Define the No-Trade ZoneThe middle of the MC range is what I call the No-Trade Zone — a chop area where false breakouts are common. I avoid trading within this midrange. Use HTF ~ LTF Confluence for BreakoutsOnce the price breaks the high or low of the Higher Time Frame (HTF) Master Candle, I don’t enter right away. Instead, I drop down to the Lower Time Frame (LTF) and wait for a candle to close beyond that breakout level. Entry ConfirmationMy entry is taken above the high of the breakout candle on the LTF (for long setups), and vice versa for shorts. This gives me an added layer of confirmation and filters out weak breakouts. Target and Stop-Loss Target: The full range of the Master Candle. Stop-Loss: For long trades: below the low of the MC. For short trades: above the high of the MC. ⏱️ Ideal Time Frame Pairings To apply the HTF ~ LTF (Higher Time Frame vs. Lower Time Frame) approach effectively, I use different time frame combinations based on the style of trade: ⏱️ For Intraday Trades: Higher Time Frame: 15-minute or 25-minute Lower Time Frame: 5-minute ⏱️ For Swing Trades: Higher Time Frame: 75-minute or 1-Day Lower Time Frame: 25-minute ⏱️ For Positional Trades: Higher Time Frame: 1-Week Lower Time Frame: 75-minute This layered approach has helped me filter out noise, catch stronger momentum moves, and keep my trades structured and disciplined. 📈 Real Market Example 👻 Valid Breakout with Target Example : 👻 Valid Breakout with Partial Target Example : 👻 False Breakout with Valid Breakout Example : 📚 Final Thoughts Master Candle Theory is a great way to bring structure and patience into your trading. Instead of chasing price, you’re learning to anticipate breakouts and position yourself logically. Like all strategies, it’s not a magic bullet — but with the right discipline and context, Master Candles can become a high-probability tool in your technical arsenal.
NSE:NIFTYEducation
by kzatakia
9
Nifty June Series - 1st Week Analysis Nifty is trading at a very important zone; this week will be very important for both bulls and bears. Upside only above 24970 as it will act as a resistance until Nifty crosses and sustains over it. If Nifty manages to hold above 24970, then we can expect strong short covering upto 25300-400. But if Nifty breaches 24600 on the downside, then we can expect retracement upto 24400-265 zone. So overall, a big move is expected in the upcoming week.

NSE:NIFTY
by IshanMathur05
Fibonacci Supports and Resistances Medium to Long term Outlook.Here we have tried to show you Fibonacci supports and resistances for Nifty on Monthly chart with Medium to Long term outlook. Fibonacci retracement suggests the nearby major resistances at 25233. Crossing this zone and closing above this zone is imperative for proper bull market to return. In such a scenario the next resistances will be at 26277 (Previous All Time high). Closing above 26277 will open the door for the targets of 27K+. The Golden ratio of Fibonacci suggest the cap near 29540 within next 13 to 21 months. Supports for Nifty remain at 24443, 23903, 23375. Below 23375 Bear market can return and can drag Nifty towards unlikely levels of 22737 or 21743. (This looks unlikely as of now but you can never say never looking at the Tariff wars and not so conducive Geo-Political situation of the subcontinent, Russia-Ukraine, Israel and other factors.) So one eye of investors should be on macro factors also while looking at rosy micro factors related to Indian markets. While we look forward to making new highs in the next 1 or 2 years. Never forget Stop losses / Trailing stop Losses are best friends of investors. Stop losses protect your capital and trailing stop losses protect your profits. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Analysis EOD – May 30, 2025 – Friday🟢 Nifty Analysis EOD – May 30, 2025 – Friday 🔴 Whatever gain on Thursday, wiped out... today! classic trap reset day 📌 Opening Note:After Thursday’s expiry surprise rally, today’s session turned out to be a mean reversion reality check. With a 44-point gap-down, Nifty attempted a recovery but failed to cross the previous day’s high — just 27 points shy, and rolled over into selling pressure. 📊 Nifty Summary: Today’s price action stayed entirely within yesterday’s range, forming an inside bar pattern — a classic sign of indecision before a breakout. The morning attempt towards the high was quickly sold into, and the index retraced straight to PDL, where the previous day’s swing low came to the rescue at 24,717.40. From there, it bounced back to VWAP and stayed rangebound (~60–70 points) for the rest of the session. By the close, intraday gains of Thursday were completely erased — ending exactly at the breakout zone of yesterday: 24,736.65. 🛡 5 Min Chart with Levels 🪞 Mirror Candle Alert!Interestingly, today’s candle (May 30) closely mimics the May 28 candle in structure and price levels: High: 24,864.25 ~ 24,863.95 (🔁 0.30 pt diff) Close: 24,752.45 ~ 24,750.70 (🔁 1.75 pt diff) Low: 24,737.05 ~ 24,717.40 (🔁 19.65 pt diff) This pattern alignment forms a diamond shape across the last 3 days (May 28–30), visible clearly on Daily and 5-min charts. This diamond formation + inside bar combo could be a powerful breakout setup — direction to be confirmed by the next session’s range expansion. Check out 5 min and Daily candle chart for visual insight. 🛡 5 Min Chart with Patterns 🕯 Daily Time Frame Chart 📉 Daily Candle Breakdown: Candle Type: Inside Bar Structure: Real Body: Very small Wick Sizes: Decent on both ends, implying indecision Interpretation: Inside bar at the top of a move with a prior hammer-like candle signals pause or reversal. A break of 24,717 on downside = bearish confirmation A break of 24,893 on upside = bullish breakout 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update: ATR: 276.90 IB Range: 83.95 → Small Market Structure: Balanced Total Trades: 3 🔹 10:15 – Short triggered → Trailing SL hit @ 1:1.6 🔹 11:30 – Short triggered → 1:1.5 achieved 🔹 13:40 – Short triggered → SL Hit 📌 Support & Resistance Zones: Resistance: 24,768 ~ 24,800 24,820 24,882 24,894 24,920 24,972 ~ 25,000 25,062 ~ 25,070 (5th rejection!) 25,116 ~ 25,128 25,180 ~ 25,212 25,285 ~ 25,399 Support: 24,737 ~ 24,727 24,700 24,660 24,640 ~ 24,625 24,590 24,530 ~ 24,480 24,460 📌 What’s Next? / Bias Direction: Nifty has compressed into a tight 3-day structure — with a diamond and an inside bar pattern.🎯 Watch for breakout beyond 24,894 or breakdown below 24,677 for directional clarity.Bias remains neutral until price decisively exits this range. 💬 Final Thoughts: “Breakouts don't lie. Ranges prepare. Patience pays.” Today was a classic trap reset day. Tomorrow, the trigger might fire. Stay sharp. ✏️ Disclaimer: This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty Might give 2 % Correction in Short TermWhy are we expecting Short Term Correction near 24200-24300 why? 30 August 2024 volume 638.13 million 25 November 2024 volume 687.13 million 28 May 2025 Volume 684.74 million No.1 In near term past whenever a red or Doji candle forming on daily chart volume traded above 680 million, we had seen around 2 -3 % fall. No.2 strong 50 EMA support No.3 Nifty want to fill gap No.4 Double Top Near 25000 level This analysis is based on daily Chart, it's just assumption pls trade on your own Risk
NSE:NIFTYShort
by rahul25
Nifty Might Give around 2 % correction in short TermWhy are we expecting Short Term Correction near 24200-24300 why? 30 August 2024 volume 638.13 million 25 November 2024 volume 687.13 million 28 May 2025 Volume 684.74 million No.1 In near term past whenever a red or Doji candle forming on daily chart volume traded above 680 million, we had seen around 2 -3 % fall. No.2 strong 50 EMA support No.3 Nifty want to fill gap No.4 Double Top Near 25000 level This analysis is based on daily Chart, it's just assumption pls trade on your own Risk
NSE:NIFTYShort
by rahul25
#NIFTY Intraday Support and Resistance Levels - 30/05/2025Nifty is expected to open flat around the 24800–24850 range. The market has shown signs of recovery from lower levels, and if it manages to hold above the 24800–24850 support zone, we can expect a continuation of upward momentum. In that case, possible intraday upside targets are 24900, 24950, and a breakout beyond 25000 could extend the rally toward 25150, 25200, and 25250+ levels. However, if Nifty fails to sustain above 24800 and faces resistance near 24900–24950, a pullback may occur. A confirmed breakdown below 24700 would signal weakness and could trigger a fresh round of selling. In such a scenario, downside targets would be 24650, 24600, and possibly 24550. Today’s session may start off sideways with consolidation between key levels. Wait for clear confirmation above 24850 for longs or below 24700 for shorts. Keep trailing your stop-loss and book partial profits near every target zone.
NSE:NIFTY
by TradZoo
Flag and Pole kind of structure forming in Nifty. There is a very positive looking flag and pole kind of structure forming in Nifty hourly chart. This is within a parallel channel which Nifty has been following since April 15th 2025. This Flag and Pole breakout will come into effect if and only if we get a closing above 24880. In case of flag and pole breakout happening the future resistances will be near 24959, 25084 and 25157. 25157 again will be a major resistance as it will be the mid of the channel. The supports for Nifty in case the flag and pole breakout does not take effect are at 24804 (Mother line of hourly chart) 24693, 24518 and finally 24439. Below 24439 bears can take over the market. Above 25157 Bulls can take over the market. Shadow of the candle is effectively neutral to positive. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Analysis EOD – May 29, 2025 – Thursday🟢 Nifty Analysis EOD – May 29, 2025 – Thursday 🔴 Tricky Expiry Day Rollout… Catch or Caught? 🗞 Nifty Summary: Nifty opened with a gap-up of 88 points at 24,846, making a quick move to 24,889.70—but the bulls couldn’t hold for long. By 10:30, the key support zone at 24,800–24,768 was breached, dragging the index to an intraday low of 24,677.30. Just when things seemed to be settling into a narrow expiry-day range, a sharp 65-point spike in 3 minutes surprised both sides—creating a mean-reversion V-shape move right back to VWAP and BC levels. The real twist? A sudden domino-effect breakout at 15:00, marking a fresh high of 24,892.60 and closing at 24,880.85, nearly at the day’s peak. ⏪ Yesterday’s Note Recap: "Most probable scenario: range-bound day between 24,660 and 24,882... Tricky expiry day."✔️ Spot on. Nifty respected the projected boundaries almost precisely. 🛡 5 Min Chart with Patterns and Levels 📈 Intraday Walk: 09:15 – Gap-up start, optimism in the air. 10:25 – Support at 24,800–24,768 tested and breached. 10:29 – IB Low Break and Day’s low at 24,677.30, bears step in. 12:38 – Surprise spike of 65 points in 3 min Midday – Consolidation around VWAP and BC levels. 15:00 – Final push leads to breakout above day high → 24,892.60. Close – Ends at 24,880.85, just below the day high. 🔍 Chart Observations: ✅ Inverse Head & Shoulders pattern formed around 24,768 on the 5-min chart—target achieved. 📦 Box Consolidation Zone repeated from yesterday and respected. ⚠️ Volatility spikes despite being an expiry day—tricky traps for both sides. 🛡 5 Min Chart with Patterns 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown: Open: 24,825.10 High: 24,892.60 Low: 24,677.30 Close: 24,833.60 Change: +81.15 (+0.33%) Candle Structure: Real Body: +8.50 pts → Tiny green body Upper Wick: 59.00 pts Lower Wick: 147.80 pts Interpretation:A classic Hammer-like candle, showing strong intraday buying from lower zones. Although bulls couldn’t extend gains, they clearly defended 24,700 levels well. 🔔 Pattern Insight: Outside Bar pattern on Daily → Often a bullish reversal sign Bullish confirmation comes above 24,890+ Breakdown below 24,677 would invalidate the bullish signal 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update: ATR: 291.38 IB Range: 110 → Medium Market Structure: Balanced Total Trades: 1 🕐 10:25 AM – 1st trade triggered→ Trailing SL hit at 1:3 risk-reward 🧱 Support & Resistance Levels: Resistance Zones: 24,882 24,894 24,920 24,972 ~ 25,000 25,062 ~ 25,070 (5th rejection!) 25,116 ~ 25,128 25,180 ~ 25,212 25,285 ~ 25,399 Support Zones: 24,820 24,768 ~ 24,800 24,737 ~ 24,727 24,700 24,660 24,640 ~ 24,625 24,590 24,530 ~ 24,480 24,460 🧭 What’s Next? Above 24,890 → May trigger short-covering rally toward 25,000, 25,065, and 25,116 levels. Below 24,677 → Expect downside toward 24,625, 24,590, and possibly 24,530. With expiry behind, volatility may remain elevated tomorrow as new series begins. 📌 Bias: Mild bullish, but needs confirmation above 24,890. 🧠 Final Thoughts: “Markets don’t trap you; your bias does.”Stay sharp. Today was a day full of whipsaws—but also full of lessons. ✏️ Disclaimer:This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia