🟢 Nifty Analysis EOD - April 29, 2025🔴
One more day passed under uncertainty... Indecision takes the driver’s seat.
📈 Market Summary
Nifty opened on a positive note at 24,370, gaining 42 points, and swiftly climbed to an intraday high of 24,457.65. But the enthusiasm didn’t last long — sellers stepped in and pushed it down, filling the opening gap. The index found support near 24,290, and attempted a bounce, but once again failed to clear the critical 24,330–24,360 resistance zone.
📌 Intraday 5 Min Time FrameChart
The rest of the session saw price action trapped within a narrow 70-point range — a frustrating day for breakout traders or option buyers.
🔹 Impatient option buyers may have been trapped, stuck in hopes of a breakout.
🔹 Patient traders probably stayed away.
🔹 Scalpers and option sellers — this was your playground today.
📌 75 Min Time FrameChart
On the 75-minute chart, once again, rejection is clearly visible from the 24,330 ~ 24,360 zone. Until we see a decisive close above 24,365, this zone will continue to command respect in our trade plans.
📌 Daily Time Frame Chart
🕯 Daily Candle Structure
Candle Type: Spinning Top — a classic indecision candle
OHLC:
Open: 24,370.70
High: 24,457.65
Low: 24,290.75
Close: 24,335.95
Change: +7.45 points (+0.03%)
🔍 Candle Breakdown:
Real Body:
Small red body of -34.75 pts (close < open) → Indicates lack of strong directional move.
Upper Wick: 86.95 pts
Lower Wick: 79.95 pts
This candlestick reflects market hesitation, especially significant after a strong uptrend. Bulls and bears fought for control, but neither side won convincingly.
🧠 What the Spinning Top Tells Us:
Appears after a strong move → Suggests loss of momentum or possible pause
Small body + long wicks = Indecision
Needs confirmation in the next session
🔮 What Next?
Today’s spinning top doesn’t give a clear directional cue. However, context matters:
A close above CPR and previous session tilts the bias slightly bullish.
Bullish scenario: A breakout above 24,460 may resume the upward trend.
Bearish scenario: A breakdown below 24,040 could open the door for a pullback.
As always — trade with preparation, not prediction.
⚔️ Gladiator Strategy Update
ATR: 326.39
IB Range: 166.9 (Medium IB)
Market Structure: Imbalanced
Trade Highlights:
Positional Trade: Long Triggered Yesterday 15:20 – 1:2 Target Achieved
Intraday: No trade triggered during the session
📈 Index Performance Snapshot
Nifty 50: +7 Points (+0.03%)
Bank Nifty: -42 Points (-0.07%)
Nifty 500: +11 Points (+0.05%)
Midcap: +148 Points (+0.27%)
Smallcap: +62 Points (+0.37%)
🔍 Key Levels to Watch
🛑 Resistance Zones:
24,330 ~ 24,360 (Immediate hurdle)
24,457 (Today’s High)
24,480 ~ 24,540 (24,500 psychological level inside this zone)
24,800
🛡 Support Zones:
24,290 (Today’s Low)
24,190 ~ 24,225 (Immediate support)
24,120
24,050
24,000 ~ 23,950
23,820
23,710 ~ 23,660
23,500
23,410 ~ 23,370
23,215
💭 Final Thoughts
Another day where the market teased both bulls and bears alike. But remember — uncertainty is not your enemy; it’s your signal to slow down. When the candle speaks in spinning tops, the trader listens in silence. Discipline and patience are still your best tools, especially when the market isn't shouting direction clearly.
Tomorrow is the Weekly expiry — so prepare for volatility and don’t let noise disrupt your clarity. Your trade setup is your edge — trust it.
✏️ Disclaimer:
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
One more day passed under uncertainty... Indecision takes the driver’s seat.
📈 Market Summary
Nifty opened on a positive note at 24,370, gaining 42 points, and swiftly climbed to an intraday high of 24,457.65. But the enthusiasm didn’t last long — sellers stepped in and pushed it down, filling the opening gap. The index found support near 24,290, and attempted a bounce, but once again failed to clear the critical 24,330–24,360 resistance zone.
📌 Intraday 5 Min Time FrameChart
The rest of the session saw price action trapped within a narrow 70-point range — a frustrating day for breakout traders or option buyers.
🔹 Impatient option buyers may have been trapped, stuck in hopes of a breakout.
🔹 Patient traders probably stayed away.
🔹 Scalpers and option sellers — this was your playground today.
📌 75 Min Time FrameChart
On the 75-minute chart, once again, rejection is clearly visible from the 24,330 ~ 24,360 zone. Until we see a decisive close above 24,365, this zone will continue to command respect in our trade plans.
📌 Daily Time Frame Chart
🕯 Daily Candle Structure
Candle Type: Spinning Top — a classic indecision candle
OHLC:
Open: 24,370.70
High: 24,457.65
Low: 24,290.75
Close: 24,335.95
Change: +7.45 points (+0.03%)
🔍 Candle Breakdown:
Real Body:
Small red body of -34.75 pts (close < open) → Indicates lack of strong directional move.
Upper Wick: 86.95 pts
Lower Wick: 79.95 pts
This candlestick reflects market hesitation, especially significant after a strong uptrend. Bulls and bears fought for control, but neither side won convincingly.
🧠 What the Spinning Top Tells Us:
Appears after a strong move → Suggests loss of momentum or possible pause
Small body + long wicks = Indecision
Needs confirmation in the next session
🔮 What Next?
Today’s spinning top doesn’t give a clear directional cue. However, context matters:
A close above CPR and previous session tilts the bias slightly bullish.
Bullish scenario: A breakout above 24,460 may resume the upward trend.
Bearish scenario: A breakdown below 24,040 could open the door for a pullback.
As always — trade with preparation, not prediction.
⚔️ Gladiator Strategy Update
ATR: 326.39
IB Range: 166.9 (Medium IB)
Market Structure: Imbalanced
Trade Highlights:
Positional Trade: Long Triggered Yesterday 15:20 – 1:2 Target Achieved
Intraday: No trade triggered during the session
📈 Index Performance Snapshot
Nifty 50: +7 Points (+0.03%)
Bank Nifty: -42 Points (-0.07%)
Nifty 500: +11 Points (+0.05%)
Midcap: +148 Points (+0.27%)
Smallcap: +62 Points (+0.37%)
🔍 Key Levels to Watch
🛑 Resistance Zones:
24,330 ~ 24,360 (Immediate hurdle)
24,457 (Today’s High)
24,480 ~ 24,540 (24,500 psychological level inside this zone)
24,800
🛡 Support Zones:
24,290 (Today’s Low)
24,190 ~ 24,225 (Immediate support)
24,120
24,050
24,000 ~ 23,950
23,820
23,710 ~ 23,660
23,500
23,410 ~ 23,370
23,215
💭 Final Thoughts
Another day where the market teased both bulls and bears alike. But remember — uncertainty is not your enemy; it’s your signal to slow down. When the candle speaks in spinning tops, the trader listens in silence. Discipline and patience are still your best tools, especially when the market isn't shouting direction clearly.
Tomorrow is the Weekly expiry — so prepare for volatility and don’t let noise disrupt your clarity. Your trade setup is your edge — trust it.
✏️ Disclaimer:
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Blogs : substack.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.
Blogs : substack.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.