Last Week’s Forecast vs Market Reality
Last week, we highlighted that a break above Monday’s high could trigger bullish momentum in the Nifty 50.
As observed, Monday’s high was decisively broken on Tuesday, following which the market maintained a strong bullish trend throughout the week. Even the brief selling pressure seen on Thursday was quickly absorbed, with the market regaining strength and turning bullish again on Friday, in line with our expectations.
We had also emphasized that April 16–17 would be crucial from a positional perspective, as the market could enter a potential reversal zone.
On April 16, the market opened gap-up, and as anticipated, a sharp intraday reversal unfolded, with Nifty witnessing a strong downside move, validating our view.
Additionally, we mentioned that Thursday (April 16) could witness strong intraday momentum, offering opportunities for active traders.
The session delivered high momentum and volatility, providing favorable trading conditions for intraday participants, exactly as projected.
Market Highlights
The Indian stock market continued its upward momentum this week, with benchmark indices ending on a strong note. The Nifty 50 gained nearly 1.95% (466.75 points) to close at 24,353.55 on April 17, 2026, marking its second consecutive weekly advance.
Key Drivers Behind the Rally:
- Easing geopolitical tensions
- Decline in crude oil prices
- Positive global market cues
- Recovery in the Indian rupee
These factors collectively supported strong investor sentiment and risk appetite throughout the week.
Global & Macro Developments
India’s macro environment remained stable, supported by improving liquidity and currency strength:
- Forex Reserves rose by $3.8 billion to $700.9 billion
- FIIs turned net buyers, purchasing equities worth ₹1,731.67 crore in recent sessions
- However, FIIs remain cautious overall, having sold nearly ₹1.6 lakh crore since early March
Currency Movement
The Indian rupee strengthened for the third consecutive session, supported by:
- Falling crude oil prices
- RBI measures to manage dollar demand
- Improved global sentiment
Time Analysis Performance: Week in Review
Even in a volatile environment, our time-cycle projections aligned effectively with key intraday turning points, reinforcing the importance of combining time and price analysis.
Monday – 13th April
Time Windows:
09:30 AM | 11:00 AM | 11:35 AM | 01:10 PM | 01:40 PM
- Day low formed near 9:30 AM, as projected
- Momentum picked up around 11:30 AM, indicating a shift in intraday trend
- Day high formed near 1:45 PM, aligning with the 1:40 PM window
Wednesday – 15th April
Time Windows:
11:15 AM | 01:30 PM
- Swing lows formed near 11:15 AM and 1:30 PM, validating projections
Thursday – 16th April
Time Windows:
09:25 AM | 10:30 AM | 02:35 PM
- Day high formed near 9:25 AM
- Followed by strong momentum expansion around 10:30 AM
Friday – 17th April
Time Windows:
09:30 AM | 09:50 AM | 02:45 PM
- Day low formed near 9:30 AM, aligning well with projections
Across the week, time clusters remained highly effective, especially when combined with price structure and key levels.
Important Time Windows for the Week Ahead
(20th April – 24th April)
Based on ongoing time-cycle analysis, the following intraday windows may remain significant. These should be used alongside price action — not in isolation.
Monday – 20th April
09:35 AM | 10:30 AM | 11:20 AM
Tuesday – 21st April
11:20 AM | 01:30 PM
Wednesday – 22nd April
10:35 AM | 12:00 PM | 01:15 PM | 02:30 PM
Thursday – 23rd April
12:00 PM | 12:35 PM | 02:35 PM
Friday – 24th April
10:00 AM | 10:40 AM | 11:20 AM | 01:45 PM
These Time Clusters May Indicate:
- Volatility expansion
- Swing highs / lows
- Momentum shifts
Important Levels for the Week Ahead
For intraday and short-term decision-making, the following price zones should be closely monitored:
Upside / Resistance Zone
25,002 | 24,685 | 24,645 | 24,535 | 24,480 | 24,450 | 24,380
Downside / Support Zone
24,140 | 23,935 | 23,870 | 23,820 | 23,466
Market behavior near these levels — especially when aligned with time windows — will be crucial in identifying direction.
Next Week Outlook
Weekly Outlook – Key Triggers Ahead
The upcoming week is expected to remain highly volatile and news-driven, with global cues continuing to influence market direction.
Key Days to Watch:
- April 23–24 are critical, as they represent potential market reversal windows
- The prevailing trend around these dates may witness a short-term reversal or sharp directional move
Strategy for Traders:
- Focus on price confirmation near key levels
- Align trades with time clusters
- Maintain strict risk management
- Stay cautious in a news-sensitive environment
Key Insight:
Markets are currently reacting more to sentiment shifts and global cues, making disciplined execution essential.
Disclaimer
Research by Team WealthView Analytics Pvt. Ltd.
SEBI Registration No.: INH000009676
Registration granted by SEBI and certification from NISM do not guarantee performance or assure returns. This report is for educational purposes only. Market investments are subject to risk.
