🎯 Previous Week Outlook Performance
In our previous weekly article, we highlighted that May 29 could present attractive intraday trading opportunities for active traders, with the potential for strong market momentum.
The market performed largely in line with those expectations, delivering significant directional movement throughout the session. Nifty witnessed a sharp decline of nearly 359 points (1.50%) from its previous day’s closing level. Selling pressure intensified as the day progressed, with particularly strong momentum emerging during the final trading hours.
The session once again demonstrated how periods of anticipated momentum can translate into substantial trading opportunities for market participants.
📌 Market Highlight
The equity benchmark Nifty ended sharply lower on Friday, extending its losing streak for a third consecutive session as investor sentiment remained subdued. Rising geopolitical tensions in the Middle East, MSCI index rebalancing and concerns over a slightly below-normal monsoon forecast weighed on market sentiment, raising fears of food inflation.
Nifty declined 1.9% in May, marking its worst May performance in four years, amid uncertainty surrounding a potential US-Iran peace deal. The index had previously fallen 3% in May 2022. On a weekly basis, Nifty slipped nearly 1%, pressured by persistent FII selling and Investors remained cautious while assessing developments in the Middle East and their potential impact on crude oil prices.
India foreign exchange reserves declined by $7.5 billion to $681 billion during the week ended May 22 marking its lowest level in more than a year according to the data released by by RBI
FII remained net seller offloading equities worth around 24,000 crores during the week their cumulative outflows in 2026 have already crossed $24 billion surpassing the record annual outflows witnessed in 2025
Brent crude tumbled about 11% during the week marking its steepest weekly decline in seven weeks while WTI fell more than 9% its biggest weekly drop in six weeks after reports suggested the US and Iran were nearing a much awaited peace deal agreement while crude oil price continued to decline those positives were overshadowed by domestic concerns
Meanwhile The rupee firmed modestly through the week after the RBI commentary signalling that the INR remains undervalued
⏱️ 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 – 25th May
Time Windows:
09:25 AM | 01:25 PM
✅ Day low formed near 09:25 AM and close to our projected level of 23,935, where price found support and rebounded.
🗓 Tuesday – 26th May
Time Windows:
09:15 AM | 10:10 AM | 12:25 PM | 01:25 PM
✅ Swing low formed near our projected time of 09:15 AM.
🎯 Day high formed near 10:10 AM and close to our projected level of 24,140, after which sharp selling pressure emerged.
📍 Day low was formed near our Lakshman Rekha level of 23,872.
🗓 Wednesday – 27th May
Time Windows:
09:35 AM | 10:30 AM | 11:25 AM | 12:30 PM | 02:30 PM
🎯 Day high formed near our projected time of 11:25 AM.
📉 Day low formed near 02:30 PM and close to our Lakshman Rekha level of 23,872.
🗓 Friday – 29th May
Time Windows:
11:15 AM
📍 While no major turning point occurred exactly at the projected time, our price levels performed exceptionally well.
🚫 Day high formed near our projected level of 23,935, after which strong selling pressure emerged.
🎯 Day low formed near our Lakshman Rekha level of 23,460, highlighting the significance of the projected price zone.
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
(1st June – 5th June)
Based on ongoing time-cycle analysis, the following intraday windows may remain significant and should be used alongside price action — not in isolation.
🗓 Monday – 1st June
09:15 AM | 11:05 AM | 01:25 PM | 02:35 PM
🗓 Tuesday – 2nd June
09:15 AM | 10:55 AM | 12:20 PM | 01:15 PM | 02:10 PM | 02:50 PM
🗓 Wednesday – 3rd June
01:30 PM | 03:00 PM
🗓 Thursday – 4th June
09:15 AM | 10:10 AM
🗓 Friday – 5th June
10:20 AM | 01:30 PM | 02:35 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
23,783 | 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 | 24,730 | 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
Monday (1st June) will be a key session, with its high and low acting as important reference levels for the upcoming trend:
- Break above Monday’s high may trigger a bullish move
- Break below Monday’s low may lead to a bearish trend
Additionally, Investors remain keen on cues from the upcoming RBI monetary policy decision, India’s GDP data release, Purchasing Manager Index (PMI), and the Index of Industrial production (IIP) data
Market participants should also keep a close watch on developments in West Asia, progress in US-Iran negotiations, and crude oil price movements, as these remain key drivers of market sentiment.
⚠️ Expect elevated volatility and sharp reactions to both domestic and global developments.
🎯 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.
