🟠 Nifty 50 – End of Day Analysis (9th April 2025)
Background
After the wide-range spinning top on April 8, all eyes were on the RBI MPC event today. While markets typically react to such key announcements, Nifty surprised everyone with its muted response and a rangebound session.
Today’s Price Action
Nifty opened slightly negative and formed its Initial Balance (IB) early on.
After the IB, the index remained stuck in a very tight range – a structure we’ve seen repeating over the last few weekly expiries.
Today’s total range was just 115 points (high to low) – the lowest in the past 14 sessions!
On an MPC event day, such low volatility was quite unexpected.
With no momentum and no breakout from IB, our system didn’t trigger any trade signal, and we stayed on the sidelines.
Technical Outlook
Today’s candle lacks momentum and conviction.
Key resistance still holds at 22,668–22,720, and support rests near 22,337.
A breakout from this compression zone could decide the next trending leg.
Important Levels to Watch
Resistance Zones
22,590
22,668 – 22,720
22,805
Support Zones
22,337
22,270
22,082 (Previous Swing Close)
🧠 Strategy Ahead
As of now, no directional bias without a confirmed breakout.
Wait-and-watch until the IB range breaks
Avoid forced entries in low volatility setups
Let price lead—don’t anticipate
Quick Recap
️ IB formed, post-IB rangebound
️ 115 pt range – lowest in 14 sessions
️ MPC event day, but no buzz
️ System = silent = No trade
️ Sitting tight is also a position
🧘 Final Thought
“Markets often give profits to those who master patience.”
Let the levels guide you — trade with calm and clarity.