🟢 Nifty Analysis EOD - 28th April 2025 🔴
Nifty almost retraced 25th April’s fall — Back to Square One... What Next?
📈 Market Summary
Nifty almost retraced 25th April’s fall — Back to Square One... What Next?
As highlighted in previous sessions, the 24,330 ~ 24,360 zone once again proved to be a crucial resistance. Today, along with the past three sessions, we observed Nifty struggling to breach this wall — a fact clearly visible on the 75-minute time frame chart.
Now the big question:
➡️ Tomorrow, can Nifty decisively breach 24,365 and sprint towards 24,500?
Well, time will answer, but we must stay prepared for moves on either side.
Intraday Walk:
Nifty opened with a gap-up above the psychological 24,000 level at 24,070.
With a slow yet steady bullish pace, it hit a high of 24,355.
After touching this critical resistance, it spent almost 2 hours consolidating in the same zone.
Finally, it closed at 24,312, defending most of its intraday gains — a strong show of resilience by the bulls.
🕯 Daily Candle Structure
Today's Candle:
🟢 Strong Bullish Candle (Almost a Marubozu)
Open: 24,070.25
High: 24,355.10
Low: 24,054.05
Close: 24,328.50
Change: +289.15 points (+1.20%)
Key Observations:
The session opened slightly above yesterday’s close and dipped just marginally.
Buyers took charge from the very beginning, consistently pushing the index higher.
Close near the day's high signals robust bullish momentum.
The candle has a tiny lower shadow and minimal upper shadow, indicating persistent buying throughout the day.
What It Implies:
Clear bull dominance.
Willingness among buyers to step up even at higher levels.
If external cues remain supportive, momentum could continue into the next session.
🛡 Gladiator Strategy Update
ATR: 344.11
IB Range: 182.1 (Medium IB)
Market Structure: Balanced
Trade Highlights:
1st Trade: Long Entry triggered at 10:05 AM — SL Hit
2nd Trade: Long Entry triggered at 11:25 AM — 1:2 Target Achieved
Additional Trade (Discretionary Contra): Short Entry at 14:15 PM — 1:1.4 Target Achieved
🧾 Index Performance Snapshot
Nifty 50: +289 Points (+1.20%)
Bank Nifty: +768 Points (+1.41%)
Nifty 500: +254 Points (+1.16%)
Midcap: +870 Points (+1.62%)
Smallcap: +130 Points (+0.78%)
📍 Key Levels to Watch
Resistance Zones:
🔹 24,330 ~ 24,360 (Immediate hurdle)
🔹 24,480 ~ 24,540 (24,500 psychological level inside this zone)
🔹 24,800
Support Zones:
🔹 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
"Structure is key. When levels work, respect them. When they break, adapt."
The current structure indicates bulls have made a strong comeback, but remember — 24,330 ~ 24,360 remains the battleground. Only a decisive breakout above can ignite a rally towards 24,500+. Otherwise, we stay watchful for possible reversals.
Stay sharp, stay prepared!
✏️ Disclaimer ✏️
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Nifty almost retraced 25th April’s fall — Back to Square One... What Next?
📈 Market Summary
Nifty almost retraced 25th April’s fall — Back to Square One... What Next?
As highlighted in previous sessions, the 24,330 ~ 24,360 zone once again proved to be a crucial resistance. Today, along with the past three sessions, we observed Nifty struggling to breach this wall — a fact clearly visible on the 75-minute time frame chart.
Now the big question:
➡️ Tomorrow, can Nifty decisively breach 24,365 and sprint towards 24,500?
Well, time will answer, but we must stay prepared for moves on either side.
Intraday Walk:
Nifty opened with a gap-up above the psychological 24,000 level at 24,070.
With a slow yet steady bullish pace, it hit a high of 24,355.
After touching this critical resistance, it spent almost 2 hours consolidating in the same zone.
Finally, it closed at 24,312, defending most of its intraday gains — a strong show of resilience by the bulls.
🕯 Daily Candle Structure
Today's Candle:
🟢 Strong Bullish Candle (Almost a Marubozu)
Open: 24,070.25
High: 24,355.10
Low: 24,054.05
Close: 24,328.50
Change: +289.15 points (+1.20%)
Key Observations:
The session opened slightly above yesterday’s close and dipped just marginally.
Buyers took charge from the very beginning, consistently pushing the index higher.
Close near the day's high signals robust bullish momentum.
The candle has a tiny lower shadow and minimal upper shadow, indicating persistent buying throughout the day.
What It Implies:
Clear bull dominance.
Willingness among buyers to step up even at higher levels.
If external cues remain supportive, momentum could continue into the next session.
🛡 Gladiator Strategy Update
ATR: 344.11
IB Range: 182.1 (Medium IB)
Market Structure: Balanced
Trade Highlights:
1st Trade: Long Entry triggered at 10:05 AM — SL Hit
2nd Trade: Long Entry triggered at 11:25 AM — 1:2 Target Achieved
Additional Trade (Discretionary Contra): Short Entry at 14:15 PM — 1:1.4 Target Achieved
🧾 Index Performance Snapshot
Nifty 50: +289 Points (+1.20%)
Bank Nifty: +768 Points (+1.41%)
Nifty 500: +254 Points (+1.16%)
Midcap: +870 Points (+1.62%)
Smallcap: +130 Points (+0.78%)
📍 Key Levels to Watch
Resistance Zones:
🔹 24,330 ~ 24,360 (Immediate hurdle)
🔹 24,480 ~ 24,540 (24,500 psychological level inside this zone)
🔹 24,800
Support Zones:
🔹 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
"Structure is key. When levels work, respect them. When they break, adapt."
The current structure indicates bulls have made a strong comeback, but remember — 24,330 ~ 24,360 remains the battleground. Only a decisive breakout above can ignite a rally towards 24,500+. Otherwise, we stay watchful for possible reversals.
Stay sharp, stay prepared!
✏️ 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.