🎯 Previous Week Projection: Analysis on Spot
In our previous weekly article, we highlighted that Tuesday (July 21) would serve as a key reference point for the market’s short-term direction, with its high and low expected to determine the next move. The market responded in line with this outlook, as Tuesday’s low was breached on Wednesday, confirming bearish sentiment. Following the breakdown, selling pressure intensified and the Nifty declined for three consecutive trading sessions, reinforcing the importance of monitoring key breakout levels for trend confirmation.
In our previous weekly article, we also highlighted that July 24 could offer attractive intraday trading opportunities with the potential for strong momentum and a sharp directional move. The market unfolded largely in line with this expectation. After opening with a gap-down, Nifty pared a portion of its losses during the session, resulting in a strong directional move and favorable trading opportunities for active traders.
📌 Market Highlights
Indian equities ended the week firmly in the red, their worst weekly performance in months, weighed down by a sharp rise in crude oil prices amid escalating geopolitical tensions, weak bank earnings and the return of US tariff-related uncertainties
Inflationary fears intensified as escalation of the West Asia conflict kept crude oil price elevated, Renewed selling by foreign institutional investors, a sharp rise in US Treasury Yields, softer PMI data and the depreciation of local currency against the US dollar further weighed on the market sentiment
Indian benchmark indices were the third worst performers in Asia during the week. For the week the Nifty settled at 23,767.45 a weekly loss of around 400 points or 2%. That marks the nifty worst week in about four months.
🌍 Global & Macro Developments
The Brent crude futures spiked 10% throughout the week. It had surpassed $100 per barrel mark on Friday amid escalating conflict in Red Sea and Gulf shipping lanes before closing at 96.69 per barrel on Friday
On the institutional flows front, Foreign Institutional Investors net sold equities worth 7,182.08 crore during the week, while Domestic Institutional Investors provided a partial cushion with net inflows of 8,637.58 crore.
The Indian rupee which has been under pressure from foreign institutional investors outflows and oil surge recovered modestly to 96.55 against the US dollar on Friday amid likely Reserve Bank of India intervention
⏱️ Time Analysis Performance: Week in Review
Even in a volatile market environment, our Time Cycle projections once again aligned effectively with several important intraday turning points. Combined with our projected Price Levels, they continued to provide high-probability trading opportunities throughout the week.
🗓 Monday – 20th July
Time Windows:
10:20 AM | 12:35 PM | 01:35 PM | 02:20 PM | 02:35 PM
- 🎯 Day low formed near our projected 12:35 PM time window and close to our 24,125 level, where price found support.
- 📈 Day high formed between our projected 01:35 PM–02:20 PM time window and near our Lakshman Rekha level of 24,295.
🗓 Tuesday – 21st July
Time Windows:
10:20 AM | 12:55 PM | 02:40 PM
- 📉 Day low formed near our projected 12:55 PM time window and close to our 24,125 level.
- 🚫 Day high formed near our Lakshman Rekha level of 24,295, where price failed to break above resistance and reversed lower and find support near 24,125.
- 📍 No significant movement occurred during the remaining projected time window.
🗓 Wednesday – 22nd July
Time Windows:
09:15 AM | 11:25 AM | 12:10 PM | 02:40 PM | 03:10 PM
- 🎯 Day high formed near our projected 09:15 AM time window and close to our 24,125 level.
- 📈 Swing high formed near our projected 11:25 AM time window.
- 📉 Day low formed near our projected 12:10 PM time window and close to our 23,935 level.
🗓 Thursday – 23rd July
Time Windows:
09:15 AM | 09:35 AM | 11:45 AM | 12:30 PM | 03:05 PM
- 🚫 Day high formed near our projected 11:45 AM time window and close to our 24,010 level, where price faced resistance and reversed lower.
- 📉 Day low formed near our projected 03:05 PM time window and close to our Lakshman Rekha level of 23,812.
- 📍 No significant movement occurred during the remaining projected time windows.
🗓 Friday – 24th July
Time Windows:
09:15 AM | 09:40 AM | 12:30 PM | 03:10 PM
- 📉 Day low formed near our projected 09:40 AM time window.
- 🎯 Day high formed near our Lakshman Rekha level of 23,812.
- 📍 No significant movement occurred during the remaining projected time windows.
Across the week, our Time Clusters and Projected Price Levels remained highly effective, especially when combined with structural price confirmation and momentum analysis.
⏰Important Time Windows for the Week Ahead
(27th July – 31st July)
Based on our ongoing Time Cycle Analysis, the following intraday windows may remain significant.
🗓 Monday – 27th July
10:20 AM | 12:20 PM | 12:50 PM
🗓 Tuesday – 28th July
9:15 AM | 10:55 AM | 11:25 AM | 12:15 PM | 02:40 PM
🗓 Wednesday – 29th July
11:25 AM | 12:25 PM | 01:35 PM | 03:15 PM
🗓 Thursday – 30th July
10:20 AM | 12:00 PM | 03:15 PM
🗓 Friday – 31st July
12:30 PM | 02:40 PM
These projected time clusters may indicate:
- Volatility Expansion
- Swing & Day Highs / Lows
- Momentum Shifts
📊Important Levels for the Week Ahead
🚫Upside / Resistance Zone
23,783 | 23,812 | 23,872 | 23,935 | 24,010 | 24,125 | 24,220 | 24,382 | 24,450 | 24,480 | 24,535 | 24,646 | 24,686 | 25,023
🛡Downside / Support Zone
23,466 | 23,332 | 23,230 | 22,858 | 22,798 | 22,558
Market behaviour near these levels—especially when aligned with our projected Time Windows—will be crucial in identifying momentum and the market’s next directional move.
📍 Lakshman Rekha for Nifty
22,998 | 23,321 | 23,346 | 23,397 | 23,783 | 23,812 | 23,872 | 24,295 | 24,460 | 24,730 | 25,084 | 25,220
These 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
🎯July 27 Could Offer Strong Intraday Trading Opportunities
Market participants should closely monitor Monday (July 27), as the session may witness strong momentum and sharp directional price movement, potentially creating attractive trading opportunities for active traders.
🎯Tuesday’s High-Low Could Determine the Market’s Near-Term Direction
Market participants should closely monitor Tuesday (July 28), as its high and low are expected to serve as key reference levels for the market’s near-term trend.
A decisive close or breakout above Tuesday’s high may trigger fresh bullish momentum and strengthen positive sentiment. Conversely, a break below Tuesday’s low could signal renewed bearishness and increase the likelihood of further downside.
🎯Friday’s High-Low Could Guide the Market’s Near-Term Trend
Additionally, Market Participants should keep a close eyes on Friday (31st July) will be a key session, with its high and low acting as important reference levels for the upcoming trend:
- Break above Friday’s high may trigger a bullish move
- Break below Friday’s low may lead to a bearish trend
Traders should closely watch these levels, as a breakout on either side may determine the market’s next short-term directional move.
Investors are expected to keep a close watch on crude oil price, geopolitical developments in the middle east, corporate earnings and signal from central bank as they gauge the market near term direction
On the Macro Front, Investors will monitor the US Federal Reserve policy decision, Federal Reserve chair Kevin Warsh commentary and the Bank of Japan policy meeting for further cues on the global interest rate outlook
🎯 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
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