🎯 Previous Week Projection: Analysis on Spot
In our previous weekly article, we highlighted that Monday (June 29) would be a crucial session, with its high and low acting as key reference levels for the market’s short-term direction. While the market initially displayed weakness and Monday’s low was breached on Tuesday, the bearish move lacked follow-through and failed to establish a sustained downtrend. The market later reversed sharply, and on Thursday, Nifty decisively broke above Monday’s high, triggering strong bullish momentum.
The index went on to gain nearly 200 points (0.85%) for the week, indicating that while the bearish setup did not receive confirmation, the bullish breakout worked effectively and accurately identified the prevailing market direction.
📌 Market Highlights
Indian benchmark indices extended their winning streak to a fourth consecutive week, with the Nifty 50 climbing to a two month high, supported by softer crude oil prices amid improving prospects for a US-Iran peace agreement and easing geopolitical tensions in the middle east.
Sentiment was further boosted by the revival of the southwest monsoon, optimism over a potential India-US trade agreement and easing concerns over the US interest rate outlook.
While dovish remarks from the US Federal Reserve chair and softer US labour market data reinforced expectations of a more accommodative global interest rate environment.
For the week, Nifty rose 0.85% to close at 24,270.85 extending their winning run to a fourth consecutive week.
🌍 Global & Macro Developments
- India’s foreign exchange reserves declined to a 15-month low of $666.93 billion during the week ended June 27, mainly due to a sharp decline in gold reserves, according to RBI data.
- Foreign Institutional Investors (FIIs) remained net sellers during the week, offloading nearly ₹4,000 crore, while Domestic Institutional Investors (DIIs) absorbed the selling pressure by purchasing equities worth approximately ₹12,630 crore in the cash segment.
- Despite recovering on Friday, the Indian Rupee ended the week 82 paise weaker at 95.22 against the U.S. Dollar compared with 94.40 in the previous week, slipping beyond the 95-per-dollar mark for the first time in three weeks.
- Crude oil prices extended their decline for a fourth consecutive week, remaining close to pre-conflict levels as shipping activity through the Strait of Hormuz continued to recover and diplomatic negotiations between the United States and Iran continued to show encouraging progress.
⏱️ 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 remained highly effective, with multiple sessions respecting the mentioned zones almost precisely.
🗓 Monday – 29th June
Time Windows:
11:20 AM | 12:20 PM | 01:15 PM | 02:45 PM
- 📉 Selling pressure emerged near our projected time of 11:20 AM.
- 📈 Selling pressure subsided near our projected time of 12:20 PM.
- 🎯 Day low was formed near our projected time of 02:45 PM, close to our support level of 23,935, where the market found support multiple times.
- 🚫 Day high was formed near our projected resistance level of 24,125, where price faced resistance before reversing lower.
🗓 Tuesday – 30th June
Time Windows:
09:15 AM | 09:45 AM | 12:30 PM
- 🎯 Day high was formed near our projected time of 09:15 AM.
- 📉 Swing low was formed near our projected time of 09:45 AM.
- 📍 Day low was formed near our Lakshman Rekha level of 23,812.
🗓 Wednesday – 1st July
Time Windows:
09:40 AM | 01:35 PM
- 🎯 Day low was formed near our projected time of 09:40 AM, close to our Lakshman Rekha level of 23,872
- 📍 No significant market activity was observed during the remaining projected time window.
🗓 Thursday – 2nd July
Time Windows:
09:35 AM | 10:20 AM | 12:45 PM | 01:35 PM | 02:05 PM
- 📉 Day low was formed near our projected time of 09:35 AM.
- 🎯 Day high was formed near our projected time of 02:05 PM.
- 📍 The remaining projected time windows remained relatively quiet.
🗓 Friday – 3rd July
Time Windows:
09:15 AM | 11:20 AM | 01:15 PM | 02:40 PM | 03:10 PM
- 🎯 Day high was formed near our projected time of 09:15 AM, close to our projected resistance level of 24,382.
- 📉 Selling pressure emerged near our projected time of 01:15 PM.
- 🎯 Day low was formed between our projected time windows of 02:40 PM and 03:10 PM.
Across the week, time clusters and projected levels remained highly effective, especially when combined with price confirmation and structural momentum.
⏰ Important Time Windows for the Week Ahead
(6th July – 10th July)
Based on ongoing time-cycle analysis, the following intraday windows may remain significant.
🗓 Monday – 6th July
10:00 AM | 10:35 AM | 01:47 PM | 02:40 PM
🗓 Tuesday – 7th July
12:30 PM
🗓 Wednesday – 8th July
11:20 AM | 12:35 PM | 02:40 PM
🗓 Thursday – 9th July
09:20 AM | 09:50 AM | 10:25 AM | 11:30 AM | 02:35 PM
🗓 Friday – 10th July
09:15 AM | 10:35 AM | 11:30 AM | 11:50 AM | 12:50 PM
These time clusters may indicate:
- Volatility expansion
- Swing highs / lows
- Momentum shifts
📊 Important Levels for the Week Ahead
🚫 Upside / Resistance Zone
24,382 | 24,450 | 24,480 | 24,535 | 24,646 | 24,685 | 25,023 | 25,082 | 25,165 | 25,231
🛡 Downside / Support Zone
24,125 | 23,935 | 23,872 | 23,812 | 23,783 | 23,466 | 23,332 | 23,230 | 22,858
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
22,998 | 23,321 | 23,346 | 23,460 | 23,783 | 23,812 | 23,872 | 24,295 | 24,460 | 24,730 | 25,084 | 25,220
These levels remain highly sensitive price checkpoints where market behaviour may shift significantly. Traders should closely monitor price action around these zones, as they often coincide with trend continuation, reversals, and volatility expansion.
🔎 Outlook for Next Week
🎯 Monday’s High-Low Could Once Again Set the Market Direction
Monday (6th July) is expected to be a crucial trading session, with its high and low likely to act as key reference levels for the market’s short or near-term trend.
- A break above Monday’s high may trigger fresh bullish momentum.
- A break below Monday’s low may lead to renewed bearishness.
🎯 July 10 & July 13 Could Be Important Turning Points
From a positional trading perspective, July 10 and July 13 are expected to be important dates, as there is a possibility of a shift in the prevailing market trend around this time window.
- If the market approaches these dates in a sustained uptrend, the probability of exhaustion and a corrective reversal may increase.
- Conversely, if the market remains under pressure heading into these dates, the possibility of a bullish reversal or recovery cannot be ruled out.
📌 Key Triggers to Watch
Investors are expected to closely monitor:
- Upcoming corporate earnings
- U.S. Federal Open Market Committee (FOMC) developments
- Monsoon progress
- Domestic macroeconomic indicators
- Domestic credit growth
- Ongoing trade negotiations involving India, the United States, Japan, and the United Kingdom
These factors are likely to provide important cues for the market’s next directional move.
⚠️ Traders are advised to:
✔ Focus on price confirmation near key levels.
✔ Maintain strict risk management.
✔ Avoid overtrading during highly volatile sessions.
✔ Use time clusters together with price action for higher-probability trading decisions.
📌 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 market risks.
