🎯 Previous Week Projection: Analysis on Spot
As highlighted in our previous weekly article, Monday’s (June 8) high was expected to act as a key reference level, and the market responded exactly in line with that projection. The breakout above Monday’s high triggered strong bullish momentum through Wednesday, validating our directional framework.
Although the market witnessed pressure during the latter half of the week, buying interest returned strongly on Friday, leading to a sharp recovery.
We had also highlighted June 12 as an important date for both intraday and positional traders, The market largely validated this outlook, with June 12 witnessing strong directional movement and heightened momentum. The market remained under pressure in the preceding sessions and after an initial bout of selling pressure following a gap-up opening on Friday, the market recovered sharply and ended the session with strong upward momentum, reinforcing the significance of the projected time window.
📌 Market Highlight
The benchmark index Nifty ended the week on a strong note, reversing earlier losses largely on the back of a sharp rally on Friday. The NSE Nifty 50 surged 461.30 points (1.99%) to close at 23,622.90.
The rally was supported by a sharp decline in crude oil prices, easing geopolitical tensions, and positive global market cues. Investor optimism strengthened on signs of progress in diplomatic negotiations between the United States and Iran, which led to a sharp fall in crude prices, improved sentiment across global markets, and eased risk concerns.
The fall in crude oil prices improved overall market risk appetite, while a recovery in the Indian Rupee further boosted investor confidence. Together, these factors triggered broad-based buying and helped the market finish the week on a positive note.
🌍 Global & Macro Developments
India’s foreign exchange reserves declined by $711 million to $681.610 billion for the week ended June 5, mainly due to a fall in foreign currency assets, according to RBI data.
Foreign Institutional Investors (FIIs) extended their selling streak, offloading approximately ₹15,000 crore worth of equities during the week.
Crude oil prices plunged more than 5% on Friday, touching a 13-week low, following reports of a possible U.S.-Iran Memorandum of Understanding (MoU). On a weekly basis, oil prices declined by more than 7%.
Meanwhile, the Indian Rupee strengthened on Friday, closing at a one-week high as softer crude prices improved sentiment amid growing hopes of a peace agreement between the U.S. and Iran.
⏱️ 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 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 – 8th June
Time Windows:
09:25 AM | 10:30 AM | 11:15 AM | 12:25 PM | 03:15 PM
- 📉 Day low formed near our projected time of 09:25 AM.
- 📍 Swing low was formed near 10:30 AM.
- 🎯 Day high formed near our projected time of 12:25 PM, close to our important level of 23,230, where price faced resistance and reversed sharply.
🗓 Tuesday – 9th June
Time Windows:
11:15 AM | 01:05 PM | 02:35 PM
- 🎯 Day low formed exactly at 11:15 AM, aligning with our projected time.
- 📈 Selling pressure paused after this zone and the market rebounded sharply.
- 🎯 Day high formed near our projected time of 02:35 PM, again near our key level of 23,230.
🗓 Wednesday – 10th June
Time Windows:
10:55 AM | 11:15 AM | 12:25 PM | 12:50 PM | 01:35 PM
- 🎯 Day high formed between 12:50 PM and 01:35 PM, near our Lakshman Rekha level of 23,395.
- 🚫 Price faced resistance at this zone and reversed sharply.
- 📉 Day low formed near our projected level of 23,230.
🗓 Thursday – 11th June
Time Windows:
09:15 AM | 11:05 AM | 01:35 PM
- 📉 Day low formed near our projected time of 09:15 AM, followed by strong upward momentum.
- 🎯 Day high formed near our projected time of 01:35 PM, where upward momentum paused.
- 🚫 Strong selling pressure emerged near our Lakshman Rekha level of 23,321, where price faced resistance and reversed sharply.
🗓 Friday – 12th June
Time Windows:
12:30 PM | 01:30 PM
- 🎯 Day low formed near our projected time of 12:30 PM, exactly near our Lakshman Rekha level of 23,321.
- 📈 Price took support at this zone and rebounded sharply.
- ⚡ Strong upward momentum emerged near our projected time of 01:30 PM.
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
(15th June – 19th 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 – 15th June
10:10 AM | 11:15 AM | 12:35 PM | 02:05 PM
🗓 Tuesday – 16th June
10:10 AM | 12:10 PM | 02:35 PM
🗓 Wednesday – 17th June
10:50 AM | 11:20 AM | 12:20 PM | 12:55 PM | 02:35 PM
🗓 Thursday – 18th June
11:15 AM | 01:25 PM
🗓 Friday – 19th June
09:15 AM | 12:25 PM
⚠️ These time clusters may indicate:
- Volatility expansion
- Swing and Day highs/lows
- Momentum shifts
📊 Important Levels for the Week Ahead
🚫 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
🛡 Downside / Support Zone
23,466 | 23,332 | 23,230 | 22,858 | 22,798 | 22,558 | 22,516 | 22,450
📍 Market behaviour near these levels — especially when aligned with projected time windows — will be crucial in identifying momentum and market intent.
📍 Lakshman Rekha for Nifty
22,424 | 22,998 | 23,321 | 23,346 | 23,397 | 23,460 | 23,783 | 23,812 | 23,872 | 24,306 | 24,450 | 24,480 | 24,730
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 should keep a close watch on June 17 and June 18, as these dates may emerge as important turning points for the market.
There is a possibility of a shift in the prevailing trend around this time window, with the market potentially witnessing a change in direction.
If the market approaches these dates in an established trend, the probability of trend exhaustion or reversal could increase and vice versa. Traders and investors should closely monitor price action during this period, as it may provide valuable clues regarding the market’s next directional move.
Investors should also remain focused on key macroeconomic data points including:
- India WPI Inflation
- China Industrial Output
- U.S. Federal Reserve Policy Decision
These developments may act as important triggers for the market in the upcoming sessions.
📌 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.
