Last week, we highlighted April 23–24 as critical potential reversal windows — and the market reversed direction precisely around these dates, validating our time-cycle analysis. Additionally, our weekly levels played out effectively, reinforcing the importance of combining price with time.
Global & Macro Developments
India’s macro indicators presented a mixed picture:
India Forex Reserves rose by $2.3 billion, crossing the $703 billion mark for the week ended April 17 — indicating resilience in the external sector.
However, Foreign Institutional Investors (FIIs) turned net sellers, offloading equities worth approximately ₹17,000 crore during the week extending April outflows to ₹43,967 crore.
The Indian rupee remained under pressure, declining across all five trading sessions and recording its steepest weekly fall since September 2022, closing at 94.24 (down 1.4% WoW).
Meanwhile, crude oil prices surged sharply amid escalating geopolitical tensions in the Middle East For the week, Brent gained about 16% and WTI rose nearly 13%
Oil prices have risen nearly 50% since the onset of the US-Iran conflict on February 28, raising concerns over inflation and external stability.
Overall, global cues and commodity pressures continue to dominate market sentiment.
The US–Iran Conflict
The conflict between the United States and Iran remains unresolved despite temporary pauses.
Key developments:
- A ceasefire announced earlier in April has been extended by US to allow further negotiations
- Talks held in Pakistan ended without a concrete agreement
- The US continues to maintain a naval blockade around Iran
- Iran has intermittently restricted access to the Strait of Hormuz
Despite diplomatic engagement, sporadic strikes and tensions persist, keeping markets on edge.
Donald Trump and US officials continue to push for a broader agreement, while Iran has warned of retaliation if pressure escalates.
Overall, the situation remains fragile, with the outcome of upcoming negotiations likely to determine the next major move in global markets.
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 – 20th April
Time Windows:
09:35 AM | 10:30 AM | 11:20 AM
- Day low formed near 9:30 AM
- Day High formed near 11 :20 AM
Tuesday – 21st April
Time Windows:
11:20 AM | 01:30 PM
- Upward momentum stalled near 11:20 AM, aligning with projected time
Wednesday – 22nd April
Time Windows:
10:35 AM | 12:00 PM | 01:15 PM | 02:30 PM
- Day low formed near 10:35 AM along with swing high near 1 15 pm
Thursday – 23rd April
Time Windows:
12:00 PM | 12:35 PM | 02:35 PM
- Swing low formed near 12 : 35 PM
Friday – 24th April
Time Windows:
10:00 AM | 10:40 AM | 11:20 AM | 01:45 PM
- Good momentum begun on 10 40 am around
- Day low formed near 1:45 PM window
Across the week, time clusters remained highly effective, especially when combined with price structure and key levels.
Important Time Windows for the Week Ahead
(27th April – 1st May)
Based on ongoing time-cycle analysis, the following intraday windows may remain significant. These should be used alongside price action — not in isolation.
Monday – 27th April
09:20 AM | 01:30 PM
Tuesday – 28th April
09:30 AM | 10:15 AM | 01:25 PM | 02:35 PM
Wednesday – 29th April
10:15 AM | 11:20 AM | 02:30 PM
Thursday – 30th April
09:25 AM | 12:20 PM | 01:10 PM | 02:30 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
23,935 | 24,140 | 24,380 | 24,450 | 24,480 | 24,540 | 24,646 | 24,685 | 25,002
Downside / Support Zone
23,870 | 23,815 | 23,466 | 23,344 | 23,320 | 22,860
Market behavior near these levels — especially when aligned with time windows — will be crucial in identifying direction.
Outlook for Next Week
Tuesday (28th April) and Wednesday (29th April) are likely to witness strong intraday momentum, offering potential opportunities for active traders.
Additionally, Thursday (30th April) will be a key session, with its high and low acting as important reference levels for the upcoming trend:
- Break above Thursday’s high may trigger a bullish move
- Break below Thursday’s low may lead to a bearish trend
Markets are expected to remain volatile and news-driven, with global developments playing a decisive role.
Key factors to watch:
- Progress in US–Iran negotiations
- Movement in crude oil prices
- Stability of the Strait of Hormuz
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.
