🟢 Nifty Analysis EOD – August 29, 2025 – Friday 🔴
Failed bounce, sellers strike back at higher levels
🗞 Nifty Summary
Nifty opened with a GapDown of 66 points but immediately started moving up with an OL formation (Open = Low at 24,466.60) — a sign of bullish intent.
The first 5-min range of 98 points set the IB (Initial Balance), marking Day Low = Open and Day High = 24,564.35.
Throughout the session, the index attempted multiple IB breakouts but they all turned into false moves until 2:30 PM, when Nifty finally broke down IB Low and tested 24,400 zone before closing weak at 24,426.85 (−74.05 / −0.30%).
This structure suggests bears are still in control, though signs of base-building are emerging.
🛡 5 Min Intraday Chart with Levels
📝 Intraday Walk
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
🏗️ Structure Breakdown
🕯Candle Type
Rejection-style red candle with small body and long upper wick.
📚 Interpretation
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
📌 Support & Resistance Levels
Resistance Zones:
Support Zones:
🔮 What’s Next? / Bias Direction
💭 Final Thoughts
“Markets don’t reverse in a single day – they build a base. Respect the levels, not the noise.”
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Failed bounce, sellers strike back at higher levels
🗞 Nifty Summary
Nifty opened with a GapDown of 66 points but immediately started moving up with an OL formation (Open = Low at 24,466.60) — a sign of bullish intent.
The first 5-min range of 98 points set the IB (Initial Balance), marking Day Low = Open and Day High = 24,564.35.
Throughout the session, the index attempted multiple IB breakouts but they all turned into false moves until 2:30 PM, when Nifty finally broke down IB Low and tested 24,400 zone before closing weak at 24,426.85 (−74.05 / −0.30%).
This structure suggests bears are still in control, though signs of base-building are emerging.
🛡 5 Min Intraday Chart with Levels
📝 Intraday Walk
- GapDown start, but immediate OL formation = bullish sentiment
- Quick gap-filling attempt, but resistance capped upside near 24,564
- Multiple failed IB breakouts (both sides) = choppy action
- Post 2:30 PM → decisive IB Low breakdown toward 24,400
- Weak close at 24,426, below the midpoint of the day
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
- Open: 24,466.70
- High: 24,572.45
- Low: 24,404.70
- Close: 24,426.85
- Change: −74.05 (−0.30%)
🏗️ Structure Breakdown
- Upper Wick (~105 pts): strong selling rejection at higher levels
- Lower Wick (~22 pts): weak buyer defense near lows
- Body (39.85 pts): indecisive but bearish bias
🕯Candle Type
Rejection-style red candle with small body and long upper wick.
📚 Interpretation
- Early rebound attempt failed.
- Close well below midpoint = sellers retain control.
- Candle resembles a Shooting Star (bearish context) → signals supply pressure at higher levels.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
- ATR: 201.12
- IB Range: 97.75 → Medium
- Market Structure: Balanced
- Trade Highlights: No trade signal triggered
📌 Support & Resistance Levels
Resistance Zones:
- 24,585 ~ 24,600
- 24,675 ~ 24,695
- 24,745
Support Zones:
- 24,665 ~ 24,650
- 24,365 ~ 24,335
🔮 What’s Next? / Bias Direction
- If 24,400 holds, short-term base formation could play out.
- If 24,400 breaks, expect further downside toward 24,250.
- Bias → Bearish continuation unless 24,600 is decisively reclaimed.
💭 Final Thoughts
“Markets don’t reverse in a single day – they build a base. Respect the levels, not the noise.”
✏️ 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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.