📉 NIFTY 50 Intraday Review – July 31, 2025 | V-Shaped Reversal & Weak Close
📅 Date: July 31, 2025
📍 Timeframe: 5-minute Heikin Ashi
📈 Indicator Used: RSI (18, 60-40-20 zones)
⚠️ Key Highlights:
Gap-down open near 24,699 due to macro news: U.S. announced 25% tariffs on Indian goods.
Intraday low at 24,635, marking a sharp early fall as sentiment was hit by FII selling pressure.
Market staged a strong V-shaped recovery, peaking at 24,956.50 — almost +300 pts from the low.
From 1:15 PM, profit booking set in and Nifty lost over 180 pts from its high.
Closed at 24,768.35, still down 86.70 pts (-0.35%) for the day.
🔍 Technical Observations:
RSI (18):
Early RSI drop to ~20.31 (oversold zone) triggered bounce.
Midday RSI surged above 68, showing strength in recovery.
By EOD, RSI dropped back to ~20 — hinting bearish divergence.
Heikin Ashi candles:
Strong green candles till early afternoon confirm trend strength.
Series of red candles post-1:30 PM confirms profit-booking / weak close.
📊 Levels to Watch – August 1, 2025
Support Zone Resistance Zone
24,735 / 24,635 24,890 / 24,960
If the index fails to reclaim 24,800+ quickly in the next session, we may see a bearish continuation. Otherwise, a bounce toward 24,900 remains on the cards.
💡 Trading Bias:
🟠 Cautious Bearish
Monitor early session RSI & price action. No long positions unless 24,800 is reclaimed.
📌 #Nifty50 #IntradayAnalysis #HeikinAshi #RSI #PriceAction #FIIoutflow #IndiaMarkets
📅 Date: July 31, 2025
📍 Timeframe: 5-minute Heikin Ashi
📈 Indicator Used: RSI (18, 60-40-20 zones)
⚠️ Key Highlights:
Gap-down open near 24,699 due to macro news: U.S. announced 25% tariffs on Indian goods.
Intraday low at 24,635, marking a sharp early fall as sentiment was hit by FII selling pressure.
Market staged a strong V-shaped recovery, peaking at 24,956.50 — almost +300 pts from the low.
From 1:15 PM, profit booking set in and Nifty lost over 180 pts from its high.
Closed at 24,768.35, still down 86.70 pts (-0.35%) for the day.
🔍 Technical Observations:
RSI (18):
Early RSI drop to ~20.31 (oversold zone) triggered bounce.
Midday RSI surged above 68, showing strength in recovery.
By EOD, RSI dropped back to ~20 — hinting bearish divergence.
Heikin Ashi candles:
Strong green candles till early afternoon confirm trend strength.
Series of red candles post-1:30 PM confirms profit-booking / weak close.
📊 Levels to Watch – August 1, 2025
Support Zone Resistance Zone
24,735 / 24,635 24,890 / 24,960
If the index fails to reclaim 24,800+ quickly in the next session, we may see a bearish continuation. Otherwise, a bounce toward 24,900 remains on the cards.
💡 Trading Bias:
🟠 Cautious Bearish
Monitor early session RSI & price action. No long positions unless 24,800 is reclaimed.
📌 #Nifty50 #IntradayAnalysis #HeikinAshi #RSI #PriceAction #FIIoutflow #IndiaMarkets
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.
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.