🟢 Nifty Analysis EOD – May 20, 2025 – Tuesday 🔴
Breakout Denied. Breakdown Delivered.
📈 Nifty SummaryAfter two sessions of tight-range traps, the long-awaited move finally played out today—and it was all about the bears.
Despite a 50-point gap-up start at 24,996 (just shy of the psychological 25,000 level), Nifty quickly reversed. The open was inside the resistance zone (24,980–25,000), and ignoring a minor 15-point wick, it resembled a classic Open = High (OH) trap.
By 35 minutes into the session, the index had already broken PDL and S1, hitting a low of 24,863, only to bounce 100+ points back toward 24,967—again rejected from just below 25K. This rejection triggered a sharp vertical fall, with a steep 35° downward slope, showing no pause, no VWAP reversion—just pure directional intent.
The downside breach hit multiple key levels:✅ 24,920✅ PDL✅ 24,882✅ 24,800–24,768 zone✅ and finally marked a low of 24,669, right at our 24,660 support level from yesterday’s map.
In yesterday’s report, we noted:
“A move below 24,882 could accelerate downside momentum. All eyes on 24,800 next.”✅ Targets 24,800 and 24,732 both achieved today.
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Candle Type: Strong Bearish (near Marubozu)
Intraday Range: 340 points
Upper Wick: ~15 pts (negligible)
Lower Wick: ~44 pts (also insignificant vs range)
Candle Interpretation: Textbook bearish Marubozu-type (near full-body)
📉 Closing Concerns:
🔻 Below 24,732, the 0.618 Fib of May 15th candle
🔻 Below May 15 Open
❌ No retracement or end-of-day bounce
These signals point to a structurally weak close and increase the probability of further downside extension.
📊 Bias Going ForwardAs of today, there are no signs of buyers stepping in. If 24,670 (today's low) breaks, it could open the gates to test:
🧨 24,640–24,625 zone (watch closely during IB)
🧨 Below that → 24,535 / 24,500 / 24,480
On the upside, any pullback will face hurdles at:
🛑 24,768–24,800 (strong resistance zone)
🛑 24,882 / 24,920
Let the first half of tomorrow's session guide the tone. Any sustained hold above 24,800 might stall the fall. Else, the drift may continue.
🛡 25 Min Time Frame Chart
🛡 5 Min Intraday Chart
🛡 Gladiator Strategy Update
Strategy Parameters
ATR: 331.49
IB Range: 146.95 → 🟡 Medium IB
Market Structure: ⚖️ Balanced
Trade Highlights
🔻 1st Short Trigger: 11:55 – Trapped, Loss Booked
✅ 2nd Short Trigger: 12:45 – Target Achieved (Risk:Reward 1:3.5)
📊 Total Trades: 2
📍 Support & Resistance Levels
🟩 Resistance Zones:
24,768 ~ 24,800
24,882
24,920
24,980 ~ 25,000
25,062 ~ 25,070
🟥 Support Zones:
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
🔮 What’s Next?The market has broken key fib and candle support zones from the May 15th rally. If there's no defence early tomorrow, the fall may intensify.
Keep an eye on 24,640–24,625 during IB. Holding above could invite some short covering. But failure here can extend toward 24,500 and below.
🧠 Final ThoughtsThe market gave us what it hinted at yesterday—a fast break once 24,882 gave way. But with no bounce, no defence, and a full-body bear candle—the pressure is still on.
“Markets don't always roar before falling. Sometimes, they whisper, then collapse.”
✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action.
Breakout Denied. Breakdown Delivered.
📈 Nifty SummaryAfter two sessions of tight-range traps, the long-awaited move finally played out today—and it was all about the bears.
Despite a 50-point gap-up start at 24,996 (just shy of the psychological 25,000 level), Nifty quickly reversed. The open was inside the resistance zone (24,980–25,000), and ignoring a minor 15-point wick, it resembled a classic Open = High (OH) trap.
By 35 minutes into the session, the index had already broken PDL and S1, hitting a low of 24,863, only to bounce 100+ points back toward 24,967—again rejected from just below 25K. This rejection triggered a sharp vertical fall, with a steep 35° downward slope, showing no pause, no VWAP reversion—just pure directional intent.
The downside breach hit multiple key levels:✅ 24,920✅ PDL✅ 24,882✅ 24,800–24,768 zone✅ and finally marked a low of 24,669, right at our 24,660 support level from yesterday’s map.
In yesterday’s report, we noted:
“A move below 24,882 could accelerate downside momentum. All eyes on 24,800 next.”✅ Targets 24,800 and 24,732 both achieved today.
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Candle Type: Strong Bearish (near Marubozu)
Intraday Range: 340 points
Upper Wick: ~15 pts (negligible)
Lower Wick: ~44 pts (also insignificant vs range)
Candle Interpretation: Textbook bearish Marubozu-type (near full-body)
📉 Closing Concerns:
🔻 Below 24,732, the 0.618 Fib of May 15th candle
🔻 Below May 15 Open
❌ No retracement or end-of-day bounce
These signals point to a structurally weak close and increase the probability of further downside extension.
📊 Bias Going ForwardAs of today, there are no signs of buyers stepping in. If 24,670 (today's low) breaks, it could open the gates to test:
🧨 24,640–24,625 zone (watch closely during IB)
🧨 Below that → 24,535 / 24,500 / 24,480
On the upside, any pullback will face hurdles at:
🛑 24,768–24,800 (strong resistance zone)
🛑 24,882 / 24,920
Let the first half of tomorrow's session guide the tone. Any sustained hold above 24,800 might stall the fall. Else, the drift may continue.
🛡 25 Min Time Frame Chart
🛡 5 Min Intraday Chart
🛡 Gladiator Strategy Update
Strategy Parameters
ATR: 331.49
IB Range: 146.95 → 🟡 Medium IB
Market Structure: ⚖️ Balanced
Trade Highlights
🔻 1st Short Trigger: 11:55 – Trapped, Loss Booked
✅ 2nd Short Trigger: 12:45 – Target Achieved (Risk:Reward 1:3.5)
📊 Total Trades: 2
📍 Support & Resistance Levels
🟩 Resistance Zones:
24,768 ~ 24,800
24,882
24,920
24,980 ~ 25,000
25,062 ~ 25,070
🟥 Support Zones:
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
🔮 What’s Next?The market has broken key fib and candle support zones from the May 15th rally. If there's no defence early tomorrow, the fall may intensify.
Keep an eye on 24,640–24,625 during IB. Holding above could invite some short covering. But failure here can extend toward 24,500 and below.
🧠 Final ThoughtsThe market gave us what it hinted at yesterday—a fast break once 24,882 gave way. But with no bounce, no defence, and a full-body bear candle—the pressure is still on.
“Markets don't always roar before falling. Sometimes, they whisper, then collapse.”
✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action.
Trade closed: target reached
as expected bounce back in actionjust now reach the level 24880 fib 0.682 of previous session. let's see short covering rally triggered or not ?
keep eye at 24930~24940 Zone.
Note
reacting at 24930~24940 Zone.be cautious
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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.