🟢 Nifty Analysis EOD – June 19, 2025 – Thursday 🔴
📉 Bookish Spinning Top Doji – Another Day of Indecision on Expiry
Nifty opened with a mild +16-point gap-up and immediately dipped to test the Previous Day Low (PDL), marking the day low at 24,738.10. A quick reversal took the index 125 points higher, reaching a high of 24,863, only to settle back into theta-eating mode around VWAP.
Just as things looked ready to turn, a 13:50 breakout attempt fizzled as the price faced rejection above the CPR zone, leading to a final dip below the previous low, touching a new intraday low at 24,733.
Though the intraday close was at 24,744.70, the settlement close was 24,793.25 — a 47.65-point difference that’s not trivial, especially on expiry day.
The entire day remained a narrow-range, rollercoaster ride — clearly showing neither bulls nor bears could take charge. The total range was just 130 points, forming a textbook Spinning Top, which reflects market contraction.
📌 Now what?
Keep a close eye on the range:
🟢Bullish Breakout ➤ above 24,862 (CDH)
🔴Bearish Breakdown ➤ below 24,733 (CDL)
The squeeze is on. Expansion is near.
🕯 5 Min Time Frame Chart with Levels
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,803.25
High: 24,863.10
Low: 24,733.40
Close: 24,793.25
Change: −18.80 (−0.08%)
📊 Candle Structure Breakdown
Real Body: 10.00 pts → 🔻 Small Red Candle
Upper Wick: 59.85 pts
Lower Wick: 59.85 pts
🔍 Interpretation
Equal wicks show balanced buying and selling.
Small real body signals strong indecision.
Intraday volatility was neutral despite expiry impact.
🕯 Candle Type
⚖️ Perfect Spinning Top / Doji-like Candle – Indicates market contraction, waiting for directional resolution.
📌 Key Insight
The market continues its tight range-bound structure.
Any breakout beyond 24,865 or breakdown below 24,730 could trigger directional moves.
Till then: “Wait and watch mode.”
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 240.08
IB Range: 125.00 → Medium IB
Market Structure: ⚖️ Balanced
Trades:🚫 No Trade Triggered by System
📌 Support & Resistance Zones
Resistance Levels
24,894 ~ 24,882
24,972 ~ 25,000
25,060 ~ 25,080
25,102 ~ 25,125
Support Levels
24,825 ~ 24,847
24,725 ~ 24,735
24,660
24,590
💭 Final Thoughts
The market is compressing like a coiled spring.Spinning tops near resistance often signal upcoming volatility.Let the breakout come to you — don’t pre-empt, participate.
🧠 “When the market sleeps in narrow ranges, it dreams of big moves.”
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
📉 Bookish Spinning Top Doji – Another Day of Indecision on Expiry
Nifty opened with a mild +16-point gap-up and immediately dipped to test the Previous Day Low (PDL), marking the day low at 24,738.10. A quick reversal took the index 125 points higher, reaching a high of 24,863, only to settle back into theta-eating mode around VWAP.
Just as things looked ready to turn, a 13:50 breakout attempt fizzled as the price faced rejection above the CPR zone, leading to a final dip below the previous low, touching a new intraday low at 24,733.
Though the intraday close was at 24,744.70, the settlement close was 24,793.25 — a 47.65-point difference that’s not trivial, especially on expiry day.
The entire day remained a narrow-range, rollercoaster ride — clearly showing neither bulls nor bears could take charge. The total range was just 130 points, forming a textbook Spinning Top, which reflects market contraction.
📌 Now what?
Keep a close eye on the range:
🟢Bullish Breakout ➤ above 24,862 (CDH)
🔴Bearish Breakdown ➤ below 24,733 (CDL)
The squeeze is on. Expansion is near.
🕯 5 Min Time Frame Chart with Levels
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,803.25
High: 24,863.10
Low: 24,733.40
Close: 24,793.25
Change: −18.80 (−0.08%)
📊 Candle Structure Breakdown
Real Body: 10.00 pts → 🔻 Small Red Candle
Upper Wick: 59.85 pts
Lower Wick: 59.85 pts
🔍 Interpretation
Equal wicks show balanced buying and selling.
Small real body signals strong indecision.
Intraday volatility was neutral despite expiry impact.
🕯 Candle Type
⚖️ Perfect Spinning Top / Doji-like Candle – Indicates market contraction, waiting for directional resolution.
📌 Key Insight
The market continues its tight range-bound structure.
Any breakout beyond 24,865 or breakdown below 24,730 could trigger directional moves.
Till then: “Wait and watch mode.”
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 240.08
IB Range: 125.00 → Medium IB
Market Structure: ⚖️ Balanced
Trades:🚫 No Trade Triggered by System
📌 Support & Resistance Zones
Resistance Levels
24,894 ~ 24,882
24,972 ~ 25,000
25,060 ~ 25,080
25,102 ~ 25,125
Support Levels
24,825 ~ 24,847
24,725 ~ 24,735
24,660
24,590
💭 Final Thoughts
The market is compressing like a coiled spring.Spinning tops near resistance often signal upcoming volatility.Let the breakout come to you — don’t pre-empt, participate.
🧠 “When the market sleeps in narrow ranges, it dreams of big moves.”
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
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.
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.