🟢 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.