Nifty Analysis EOD

🟢 Nifty Analysis EOD – April 24, 2025

Inside Bar Alert—Calm Before the Storm?

Market Recap:

Nifty opened at 24,284, marking a Gap Down of 51 points (-0.21%) from the previous close. The day began on a surprisingly calm note, but that didn’t last long. Within just 15 minutes, Nifty spiked over 100 points, rushing toward PDH (Previous Day’s High)—only to reverse sharply in the next 15 minutes and create a new intraday low.

This wild back-and-forth action in the first hour was nothing short of a nightmare for intraday traders—especially those trying to catch a trend early. If anything, scalpers might’ve had the best time, capitalizing on the swift movements in both directions.

For the remainder of the session, Nifty oscillated within the CPR zone, with a few false breakout candles that quickly retraced. The structure remained range-bound, indecisive, and tricky to navigate.

Expiry Day Check: Deja Vu, Minus the Volatility

If we set aside the unusually directional move of April 17th expiry, today looked like a textbook expiry day, much like the past 10 before it:

Movement hugging VWAP

Small false breakouts on either side

No follow-through

Today’s range: 132 points

Avg range of last 10 expiries: 192 points

This time, however, the volatility was muted, despite early session fireworks.

Daily Candle Structure: Inside Bar + Shooting Star

On the Daily chart, today’s price action has formed a bearish Shooting Star–like candle, but here’s the kicker—it’s also an Inside Bar setup.

What’s an Inside Bar?
An Inside Bar pattern occurs when today’s high and low are completely within yesterday’s range (the “mother bar”). This signals consolidation or indecision, and often precedes a strong breakout.

How to trade it?
Wait for a decisive breakout above the mother bar high or below the mother bar low. Add confirmation with volume surge to gauge the strength of the breakout.

Remember: The Inside Bar doesn’t predict direction—it just tells you a move is brewing.

Gladiator Strategy Update

ATR: 328.34

IB Range: 108.40 (Small IB)

Market Structure: Balanced

Trade Highlights:
No Trade Opportunity Presented — The structure didn’t offer any valid setups within strategy rules.

🧠 Index Performance Snapshot:

Nifty 50: -82 Points (-0.34%)

Bank Nifty: -168.65 Points (-0.30%)

Nifty 500: -57 Points (-0.26%)

Midcap: -71 Points (-0.13%)

Smallcap: -6 Points (-0.04%)

Key Levels to Watch

Resistance Zones:

24,330 ~ 24,360

24,480 ~ 24,540

24,800

Support Zones:

24,190 ~ 24,225

23,950 ~ 24,000 (Immediate)

23,820

23,660 ~ 23,710

23,500

23,400 ~ 23,430

23,200 ~ 23,190

🧭 Final Thoughts:
“Inside Bars are like market whispers—subtle, quiet, but worth listening to. The next breakout might just surprise you.”

️ Disclaimer ️
This is just my personal viewpoint. Always consult your financial advisor before taking any action.