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.