π― Previous Week Projection: Analysis on Spot
In our previous weekly article, we highlighted that July 27 could offer attractive intraday trading opportunities. The market responded broadly in line with this expectation, witnessing a sustained directional move that created favorable opportunities for active traders
In our previous weekly article, we also highlighted that Tuesday (July 28) would serve as a key reference point for the market’s near-term direction. The market responded in line with this outlook, opening with a gap-up on Wednesday and decisively breaching Tuesday’s high, which triggered fresh bullish momentum. The breakout was followed by three consecutive sessions of gains, with the Nifty advancing more than 200 points, reinforcing the importance of monitoring key breakout levels for trend confirmation.
π Market Highlights
The benchmark indices nifty staged a strong recovery this week, erasing all of last week’s losses, rallying more than 2% to post their biggest weekly gain in nearly four months. The sharp rebound was driven by better than expected June-quarter earnings, a firmer rupee, and return of the foreign institutional investors.
Investors’ confidence was further boosted by a renewed optimism towards IT, healthy progress of the southwest monsoon and a correction in Brent crude, despite heightened geopolitical tensions following the escalation of the US-Iran conflict.
For the month, Nifty 50 advanced about 2%. The gains were driven by resilient June quarter earnings, measures taken by the central bank to support the rupee and the return of foreign institutional inflows after four months. These factors helped offset concerns arising from elevated crude oil prices which remain a key risk for India as a net energy importer.
π Global & Macro Developments
Foreign institutional investors staged a strong comeback during the week and bought equities worth 5,949.96 crore, ending as net buyers after reversing their initial selling trend.
For the month of July, Foreign Portfolio Investors (FPIs), who had withdrawn nearly US$30 billion from Indian equities during the first half of the year, turned net buyers, investing more than US$2 billion into Indian equities.
Domestic Institutional Investors (DIIs) also continued to support the market, investing approximately βΉ5,388 crore during the week.
The Indian rupee post best week in four months, The Indian rupee strengthened 30 paise to close at 95.38 against the US dollar on Friday extending its weekly gains amid sustained support from the Reserve Bank of India, a weaker US dollar and softer crude oil prices
Crude oil prices declined during the week as improved shipping through the Strait of Hormuz eased supply concerns. However, prices remained nearly 24% higher for the month as the expanding Iran conflict continued to threaten key global shipping routes and raised fears over energy supplies.
β±οΈ 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.
π Monday β 27th July
Time Windows:
09:20 AM | 12:20 PM | 12:50 PM
- π Day low formed near our projected 10:20 AM time window and close to our Lakshman Rekha level of 23,872, where price found support.
- π Swing low formed near our projected 12:50 PM time window.
- π― Day high formed near our projected 24,010 level.
π Tuesday β 28th July
Time Windows:
09:15 AM | 10:55 AM | 11:25 AM | 12:15 PM | 02:40 PM
- π― Day high formed near our projected 10:55 AM time window and close to our projected 24,010 level.
- π Day low formed near our projected 02:40 PM time window and close to our projected 23,935 level.
- π No significant movement occurred during the remaining projected time windows.
π Wednesday β 29th July
Time Windows:
11:25 AM | 12:25 PM | 01:35 PM | 03:15 PM
- π Day high formed near our projected 03:15 PM time window and close to our Lakshman Rekha level of 24,295.
- π Day low formed near our projected 24,125 level.
- π No significant movement occurred during the remaining projected time windows.
π Thursday β 30th July
Time Windows:
10:20 AM | 12:00 PM | 03:15 PM
- π Swing high formed near our projected 12:00 PM time window.
- π― Day high formed near our projected 03:15 PM time window and close to our projected 24,382 level.
- π Day low formed near our projected 24,220 level.
π Friday β 31st July
Time Windows:
12:30 PM | 02:40 PM
- π― Day high formed near our projected 12:30 PM time window and close to our Lakshman Rekha level of 24,460.
- π Day low formed near our Lakshman Rekha level of 24,295.
- π 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.
β° Important Time Windows for the Week Ahead
(3rd August β 7th August)
Based on our ongoing Time Cycle Analysis, the following intraday windows may remain significant and should be used alongside price actionβnot in isolation.
π Monday β 3rd August
09:30 AM | 11:10 AM | 01:35 PM
π Tuesday β 4th August
10:20 AM | 11:25 AM | 02:20 PM
π Wednesday β 5th August
09:30 AM | 01:10 PM | 02:40 PM | 03:00 PM
π Thursday β 6th August
09:20 AM | 12:30 PM | 01:15 PM | 01:35 PM
π Friday β 7th Augus
10:20 AM | 10:45 AM | 11:15 AM | 12:10 PM | 12:50 PM | 01:35 PM
These projected time clusters may indicate:
- Volatility Expansion
- Swing & Day Highs/Lows
- Momentum Shifts
π Important Levels for the Week Ahead
For intraday and short-term decision-making, the following price zones should be closely monitored.
π« Upside / Resistance Zone
24,450 | 24,480 | 24,535 | 24,646 | 24,686 | 25,023 | 25,083 | 25,164 | 25,230 | 25,375
π‘ Downside / Support Zone
24,382 | 24,220 | 24,125 | 24,010 | 23,935 | 23,872 | 23,812 | 23,783 | 23,466 | 23,332 | 23,230
Market behaviour near these levelsβparticularly when aligned with the projected Time Windowsβwill be crucial in identifying momentum and the market’s next directional move.
Β π Lakshman Rekha for Nifty
22,998 | 23,321 | 23,346 | 23,397 | 23,783 | 23,812 | 23,872 | 24,010 | 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.
π Outlook for Next Week
Market participants should closely monitor Wednesday (August 5), as its high and low are expected to serve as key reference levels for the market’s short- to near-term trend.
A decisive breakout above Wednesday’s high may trigger fresh bullish momentum and strengthen positive sentiment. Conversely, a break below Wednesday’s low could signal renewed bearishness and increase the likelihood of further downside.
Traders should closely watch these levels, as a breakout on either side may determine the market’s next directional move.
π Event-Rich Week Ahead
The coming week is expected to be event-heavy. Investors and traders will closely track:
- RBI Monetary Policy Decision
- India Manufacturing & Services PMI Data
- Developments in the Strait of Hormuz and Crude Oil Prices
- Key Q1FY27 Corporate Earnings
These developments are likely to influence market sentiment and near-term direction.
π― 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.
π Disclaimer
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