Nifty Analysis EOD – November 3, 2025 – Monday🟢 Nifty Analysis EOD – November 3, 2025 – Monday 🔴
A Day of False Breakouts — Signs of Base Building or Just Another Trap?
🗞 Nifty Summary
Nifty opened 38 points lower, quickly filled the gap in the initial move but couldn’t hold above the 25715 support zone, slipping further to mark the day’s low at 25645.50. From there, a sharp recovery of over 100 points lifted the index above the previous day’s close (PDC) to a new day high of 25761.5, forming the Initial Balance (IB) High.
After a brief retracement, a strong rally attempted to break the IB High, but the very next candle proved it a false breakout, pulling Nifty back under control of the bears. Price hovered near the IB zone, with multiple breakout attempts followed by quick rejections. A double bottom pattern emerged around the earlier swing low, which helped bulls stage another rally toward the IB High — and once again, a false breakout ensued.
Finally, around 2:10 PM, Nifty decisively broke above the IB High, rallying to the next resistance zone of 25790, where it again faced rejection but managed to close near the day’s high at 25774.3, above both CDO and PDC levels.
While the day looked random at first glance, the price behavior reflected a pattern typical of base-building phases — a mix of failed breakouts, mid-range compressions, and reactive rallies. If this indeed is a base formation, the 25700 zone must hold in coming sessions.
As highlighted in yesterday’s note, 25790 was the key level, and today’s close near it makes tomorrow’s close above 25790 crucial for bulls’ continuation. The 25700 level remains the guiding line for short-term structure.
🛡 5 Min Intraday Chart with Levels
🛡 Intraday Walk
Opened 38 points negative and tested 25715 zone.
Failed to sustain, slipped to 25645.5 marking day’s low.
Sharp 100+ point recovery to 25761.5 forming IB High.
Multiple fake breakouts above IB High followed by rejections.
Double bottom near 25650–25670 region provided strong bounce.
Final rally tested 25790 resistance; closed at 25774.3 near the high.
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 25,696.85
High: 25,803.10
Low: 25,645.50
Close: 25,763.35
Change: +41.25 (+0.16%)
🏗️ Structure Breakdown
Type: Small-bodied bullish candle with wicks on both ends — indecision with mild bullish bias.
Range (High–Low): 157.60 points → moderate volatility.
Body: ≈ 66.50 points → limited directional strength.
Upper Wick: ≈ 39.75 points → rejection near 25,800.
Lower Wick: ≈ 51.35 points → buying support near 25,650.
📚 Interpretation
After two strong bearish days, Nifty managed to hold key supports and stage a mild comeback. Bulls defended the 25,650–25,700 zone well, though momentum above 25,800 remains lacking. The close above open signals buyer re-entry, albeit cautiously — a potential pause before reversal or consolidation.
🕯Candle Type
A Spinning Top, appearing after consecutive bearish sessions — a classic indecision candle often preceding a short-term base or pullback.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 201.94
IB Range: 116. → Medium
Market Structure: balanced
Trade Highlights:
9:36 – Long Trade → Target Achieved (R:R 1:1.69)
10:43 – Long Trade → SL Hit
11:26 – Short Trade → Trailing SL Hit
📌 What’s Next? / Bias Direction
The short-term trend remains in flux — bulls are attempting to defend their ground, while bears continue rejecting higher zones.
A close above 25790 could confirm short-term strength and push Nifty toward 25880–25940.
If the 25700 level fails, the market may retest 25580–25550 as the next strong demand area.
📌 Support & Resistance Levels
Resistance Zones:
25790
25865 ~ 25880
25920 ~ 25944
Support Zones:
25635 ~ 25615
25585
25550
25510
25460 ~ 25440
💡 Final Thoughts
“Base-building phases test patience — not skill. The disciplined trader sees patterns where others see noise.”
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
