🎯 Previous Week Projection: Analysis on Spot
As highlighted in our previous weekly article, May 21 and May 22 were identified as important time windows that could potentially bring a shift in market behaviour. The market action over the last two sessions unfolded largely in line with those expectations. Although our Lakshman Rekha Levels also rocked throughout the Week
On May 21, the market initially maintained its bullish momentum and continued trading in positive territory during the early session. However, after forming the day’s high, the benchmark index witnessed a sharp reversal and eventually corrected nearly 230 points from its intraday peak, indicating signs of exhaustion in the ongoing uptrend.
A similar pattern was observed again on May 22, where the market opened on a positive note and extended gains during intraday trade. However, the bullish momentum failed to sustain at higher levels, resulting in another reversal from the top. The benchmark index corrected nearly 120 points from the day’s high, reinforcing the importance of the projected reversal window.
🌍 Market Highlights
Indian equities posted modest gains during the week despite continued foreign fund outflows and elevated bond yields, as investors pinned hopes on diplomatic efforts between the United States and Iran and easing crude oil prices. Global markets also remained supported by reports of indirect US-Iran discussions, boosting optimism around stable energy prices and lower geopolitical risks. Benchmark indices ended Friday on a positive note with Nifty closing at 23,719, up 0.27%, while on a weekly basis the index gained nearly 0.3%. marking a marginal increase throughout the Week
Indian foreign exchange reserves declined by $8.1 billion to $688.9 billion for the week ended May 15 according to RBI data, as ongoing uncertainty in West Asia continued to impact emerging market sentiment.
Foreign Institutional Investors continued their selling activity, with net outflows of nearly ₹7,570 crore during the week.
The Indian rupee also strengthened sharply against the US dollar supporting overall market mood The rupee appreciated to close above the 96 per dollar mark for the first time in a week on Friday as the Reserve Bank of India intervened aggressively to contain depreciation after the currency nearly touched the 97 level
Crude oil prices also ended the week lower amid expectations of a possible diplomatic resolution in the Middle East. On a weekly basis, Brent crude declined nearly 6% while WTI fell around 9%, supporting risk sentiment.
⏱️ Time Analysis Performance: Week in Review
Even in a volatile environment, our time-cycle projections aligned effectively with several key intraday turning points, reinforcing the importance of combining time + price analysis.
Throughout the week, our projected price levels also played a crucial role, with multiple sessions respecting the mentioned zones almost precisely — highlighting the effectiveness of combining time clusters with structural price levels.
🗓 Monday – 18th May
Time Windows:
09:19 AM | 09:45 AM | 02:30 PM
📉 Day low formed near 09:45 AM and close to our Lakshman Rekha level of 23,321, after which price took support and witnessed a strong rebound.
🎯 Day high formed near our projected time of 02:30 PM.
🗓 Tuesday – 19th May
Time Windows:
09:20 AM | 10:50 AM | 12:20 PM | 01:25 PM | 01:40 PM | 02:50 PM
🎯 Day high formed near 10:50 AM and around our Lakshman Rekha level of 23,812. Price failed to sustain above the level and witnessed selling pressure.
📉 Strong downward momentum emerged after 12:20 PM.
📈 Swing high formed near 01:25 PM.
🎯 Day low formed near 02:50 PM.
🗓 Wednesday – 20th May
Time Windows:
09:30 AM | 09:55 AM | 10:15 AM | 11:06 AM | 03:05 PM
📉 Day low formed near 09:30 AM and around Lakshman Rekha level 23,395, where price took support and rebounded strongly.
📈 Strong upward momentum emerged after 10:15 AM.
🎯 Day high formed near 03:05 PM.
🗓 Thursday – 21st May
Time Windows:
10:25 AM | 10:55 AM | 11:20 AM | 12:35 PM | 01:25 PM | 02:30 PM
📈 Swing high formed near 10:25 AM.
📉 Strong downward momentum was observed after 11:20 AM.
🎯 Day low formed near 01:25 PM.
📍 Day high formed near Lakshman Rekha level 23,872, where price faced resistance and reversed.
📌 Limited activity was observed during the remaining projected windows.
🗓 Friday – 22nd May
Time Windows:
09:19 AM | 11:15 AM | 11:45 AM | 01:20 PM
📉 Day low formed near 09:19 AM.
🎯 Day high formed near 01:20 PM, followed by strong downside momentum.
📍 Price again faced resistance near Lakshman Rekha level 23,812 and reversed sharply.
Across the week, time clusters and projected levels remained highly effective, especially when used alongside price structure and momentum confirmation.
⏰ Important Time Windows for the Week Ahead
(25th May – 29th May)
Based on ongoing time-cycle analysis, the following intraday windows may remain significant and should be used alongside price action — not in isolation.
🗓 Monday – 25th May
09:25 AM | 01:25 PM
🗓 Tuesday – 26th May
09:15 AM | 10:10 AM | 12:25 PM | 01:25 PM
🗓 Wednesday – 27th May
09:35 AM | 10:30 AM | 11:25 AM | 12:30 PM | 02:30 PM
🗓 Friday – 29th May
11:15 AM
⚠️ 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
23,783 | 23,812 | 23,872 | 23,935 | 24,140 | 24,382 | 24,450 | 24,480 | 24,535 | 24,646 | 24,685 | 25,002
🛡 Downside / Support Zone
23,466 | 23,345 | 23,320 | 22,858 | 22,798 | 22,558
📍 Market behaviour near these levels — particularly when aligned with projected time windows — will be crucial in identifying momentum and market intent.
📌 Lakshman Rekha for Nifty
22,474 | 22,998 | 23,321 | 23,346 | 23,395 | 23,460 | 23,783 | 23,812 | 23,872 | 24,306 | 24,450 | 24,480 | 24,730 | 25,084
These levels are important price checkpoints where market behaviour may become highly sensitive. Traders should closely monitor price action around these zones as they may coincide with changes in momentum, volatility expansion and increased market activity.
🔎 Outlook for Next Week
Market participants are expected to closely monitor May 29, as it could provide attractive opportunities for active intraday traders, with market momentum likely to play an important role in shaping price action.
Investors will remain focused on India’s April Index of Industrial Production (IIP) data, which may provide important signals regarding manufacturing activity and economic momentum.
Global economic cues, commodity price movements, foreign investment activity and developments in geopolitical conditions will also remain key drivers for market direction.
⚠️ Expect markets to remain highly news-sensitive with sharp intraday reactions possible
🎯 Traders are advised to:
• Focus on price confirmation near key zones
• Respect risk management
• Trade selectively in news-driven conditions
• Use time clusters with discipline
📌 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.
