🟢 Nifty Analysis EOD – July 30, 2025 – Wednesday 🔴
Trapped in Illusion – A Day of Decoy Moves
Nifty moved 130 points today, falling short of the 2-week average range of 196 points. It formed its IB by 11:40 AM, marking the day's high and low early. For the rest of the session, it hovered between the IB high and the previous day high, eventually closing near the mean.
Despite a close below the open, Nifty managed a green close vs. the previous day—making it a classic "moboroshi candle" day, where visuals deceive sentiment.
📉 Intraday 5 Min Time Frame Chart
🪜 Intraday Walk
IB formed by 11:40 AM
False breakout on both sides trapped traders badly
Nifty stayed stuck between IB high and PDH
Closed slightly above the previous close, but below open
Eyes on breakout of 24,910 for targets of 24,995 and 25,090–25,110
🔄 Trend & Zone Update
📈 Resistance Zone Shifted To: 25,110 ~ 25,090
📉 Support Zone Shifted To: 24,520 ~ 24,480
🕯 Daily Time Frame Chart with Intraday Levels
🕯️ Daily Candle Breakdown
Candle Type: Small Red Hammer‑Like Candle (Decoy / Moboroshi)
Today’s OHLC:
🟢 Open: 24,890.40
🔺 High: 24,902.30
🔻 Low: 24,771.95
🔴 Close: 24,855.05
📈 Change: +33.95 (+0.14%)
📌 Candle Structure:
Real Body: 35.35 pts (Small bearish body)
Upper Wick: 11.90 pts (Very small)
Lower Wick: 83.10 pts (Long)
📌 Key Observations:
Buyers stepped in near 24,770 zone
Closed near open but slightly lower → mild net selling
Long lower wick indicates dip buying support
📌 Implication:
Buyers defended 24,770–24,780 zone
A reclaim of 24,900–24,920 may resume bullish move
A close below 24,770 weakens support
🛡 5 Min Intraday Chart
🛡️ Gladiator Strategy Update
ATR: 195.72
IB Range: 78.15 → Medium
Market Structure: Balanced
💥 Trades Triggered:
🕙 10:25 AM – Short Entry → SL Hit
📌 Trade Summary:
False IB breakouts on both sides led to a stop loss hit—typical trap in a tight consolidation phase.
📌 Support & Resistance Levels
📈 Resistance Zones:
📉 Support Zones:
🔮 What’s Next? / Bias Direction
Awaiting breakout above 24,910 for potential targets of 24,995 and 25,090–25,110. Consolidation may reward patient breakout players in upcoming sessions.
🧠 Final Thoughts
“Structure is key. When levels work, respect them. When they break, adapt.”
Today's range was narrow, but traps show signs of buildup. Be ready when the market unwinds.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Trapped in Illusion – A Day of Decoy Moves
Nifty moved 130 points today, falling short of the 2-week average range of 196 points. It formed its IB by 11:40 AM, marking the day's high and low early. For the rest of the session, it hovered between the IB high and the previous day high, eventually closing near the mean.
Despite a close below the open, Nifty managed a green close vs. the previous day—making it a classic "moboroshi candle" day, where visuals deceive sentiment.
📉 Intraday 5 Min Time Frame Chart
🪜 Intraday Walk
IB formed by 11:40 AM
False breakout on both sides trapped traders badly
Nifty stayed stuck between IB high and PDH
Closed slightly above the previous close, but below open
Eyes on breakout of 24,910 for targets of 24,995 and 25,090–25,110
🔄 Trend & Zone Update
📈 Resistance Zone Shifted To: 25,110 ~ 25,090
📉 Support Zone Shifted To: 24,520 ~ 24,480
🕯 Daily Time Frame Chart with Intraday Levels
🕯️ Daily Candle Breakdown
Candle Type: Small Red Hammer‑Like Candle (Decoy / Moboroshi)
Today’s OHLC:
🟢 Open: 24,890.40
🔺 High: 24,902.30
🔻 Low: 24,771.95
🔴 Close: 24,855.05
📈 Change: +33.95 (+0.14%)
📌 Candle Structure:
Real Body: 35.35 pts (Small bearish body)
Upper Wick: 11.90 pts (Very small)
Lower Wick: 83.10 pts (Long)
📌 Key Observations:
Buyers stepped in near 24,770 zone
Closed near open but slightly lower → mild net selling
Long lower wick indicates dip buying support
📌 Implication:
Buyers defended 24,770–24,780 zone
A reclaim of 24,900–24,920 may resume bullish move
A close below 24,770 weakens support
🛡 5 Min Intraday Chart
🛡️ Gladiator Strategy Update
ATR: 195.72
IB Range: 78.15 → Medium
Market Structure: Balanced
💥 Trades Triggered:
🕙 10:25 AM – Short Entry → SL Hit
📌 Trade Summary:
False IB breakouts on both sides led to a stop loss hit—typical trap in a tight consolidation phase.
📌 Support & Resistance Levels
📈 Resistance Zones:
- 24,880 ~ 24,890
- 24,910
- 24,995
- 25,090 ~ 25,110
📉 Support Zones:
- 24,830 ~ 24,820
- 24,780
- 24,725 ~ 24,715
- 24,660 ~ 24,650
🔮 What’s Next? / Bias Direction
Awaiting breakout above 24,910 for potential targets of 24,995 and 25,090–25,110. Consolidation may reward patient breakout players in upcoming sessions.
🧠 Final Thoughts
“Structure is key. When levels work, respect them. When they break, adapt.”
Today's range was narrow, but traps show signs of buildup. Be ready when the market unwinds.
✏️ 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.