As per our Research in our previous weekly article, we highlighted that the high and low of 30th April would act as crucial reference points, and that a breakout on either side could shift the market’s near-term direction. The market respected this projection precisely, as Nifty broke above the 30th April high on Monday and subsequently delivered a strong rally of nearly 300 points, & made a high on Thursday validating our price and time-based research approach. We enjoyed the rally hope all of you would also enjoyed it
Market Highlights
Indian Equities ended Weak on Friday as renewed US-Iran hostilities amid a month long ceasefire weighed down sentiment still the Indian equity benchmarks posted notable gains during the week the second in a row over easing crude prices, a firmer rupee and softer 10 year bond yields Meanwhile Investors confidence was further supported by Q4
Earnings that came in better than cautious expectations Nifty gained 0.31% during the week and dipped 0.60% on the last trading day to reach24,176 at close
Global & Macro Developments
India’s external indicators remained under pressure during the week.
According to RBI data, India’s foreign exchange reserves declined by $7.794 billion, falling to $690.693 billion for the week ended May 1.
Foreign Institutional Investors (FIIs) continued aggressive selling, with total outflows in the first four months of 2026 crossing a record ₹1.92 lakh crore ($20.6 billion) — already exceeding the total outflows seen in the entire year 2025.
The selling pressure was largely driven by:
- Geopolitical tensions in West Asia
- Rising global bond yields
- Strengthening US dollar
Crude oil prices posted weekly losses of nearly 7%, as optimism surrounding a potential US–Iran agreement outweighed ongoing geopolitical concerns and supply risks in the Middle East.
Meanwhile, the Indian rupee recovered strongly after touching a fresh record low of 95.43 during the week. On Friday, the rupee settled at 94.48 against the US dollar, improving from 94.92 in the previous week.
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 – 4th May
Time Windows: 09:22 AM | 10:15 AM | 12:30 PM | 01:20 PM | 02:45 PM
Day high was formed near our projected times of 09:22 AM and 10:15 AM, close to the Lakshman Rekha level of 24,307, after which Nifty faced rejection and declined.
Swing low was formed near 10:15 AM, close to our projected support level of 24,140.
Day low was formed near our projected time of 01:20 PM.
Tuesday – 5th May
Time Windows: 11:15 AM | 12:35 PM | 02:52 PM
Day low was formed near our projected time of 11:15 AM, close to the Lakshman Rekha level of 24,874, after which Nifty rebounded strongly.
Day high was formed near our projected time of 12:35 PM.
Wednesday – 6th May
Time Windows: 09:50 AM | 10:10 AM | 11:15 AM | 11:30 AM | 12:35 PM |
01:10 PM | 01:40 PM
Day low was formed near our projected time of 12:35 PM, followed by a sharp rebound.
Strong upward momentum was seen near 01:40 PM. Nifty also crossed above our projected level of 24,140, confirming further upside momentum.
Thursday – 7th May Time Windows:
10:00 AM | 02:30 PM
No major move was seen during our mentioned time windows, but our price levels worked beautifully.
Day high was made near our projected level of 24,480.
Day low was made near our Lakshman Rekha level of 24,307.
Friday – 8th May Time Windows:
11:15 AM | 12:21 PM | 01:45 PM | 02:05 PM
Day low was formed near 01:45 PM, aligning with our projected time and close to our mentioned level of 24,140.
The market showed strength near 02:05 PM and took support near our projected level of 24,140, respecting the zone well.
Across the week, time clusters and projected levels remained highly effective, especially when used together with price structure and momentum confirmation.
Important Time Windows for the Week Ahead
(11th May – 15th May)
Based on ongoing time-cycle analysis, the following intraday windows may remain significant. These should be used alongside price action — not in isolation.
Monday – 11th May
09:27 AM | 09:50 AM | 10:10 AM | 12:20 PM | 03:10 PM
Tuesday – 12th May
09:20 AM | 09:50 AM | 12:30 PM | 12:45 PM | 02:35 PM
Wednesday – 13th May
10:00 AM | 11:35 AM | 12:20 PM | 01:25 PM | 02:50 PM | 03:15 PM
Thursday – 14th May
09:20 AM | 10:10 AM | 11:10 AM
Friday – 15th May
09:30 AM | 09:50 AM | 10:10 AM | 11:15 AM | 01:45 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
24,380 | 24,450 | 24,480 | 24,535 | 24,646 | 24,685 | 25,002
Downside / Support Zone
24,140 | 23,936 | 23,870 | 23,820 | 23,466 | 23,345 | 23,320 | 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
22,475 | 22,998 | 23,321 | 23,346 | 23,460 | 23,812 | 23,871 | 24,306 |
24,480 | 24,730 | 25,022 | 24,229
These levels are important price checkpoints where market behaviour may become highly sensitive. Traders should closely monitor price action near these zones for potential shifts in momentum and volatility.
Outlook for Next Week
May 14 and May 15 could offer attractive intraday trading opportunities as markets are expected to remain volatile and in good momentum, offering potential opportunities for active traders.
Additionally, May 15 will act crucial especially for Positional traders as it may play an important role in determining the market’s near-term direction.
If the Market is in uptrend there may be a chance of reversal and a downtrend and vice versa
While fall in crude oil prices and rupee recovery offer near term support any renewed escalation in West Asia remains a key risk for the market Investors remain keen on cues from India and US inflation data, along with domestic credit growth trends as these will influence RBI rate expectations and corporate margin outlook
Expect elevated volatility with sharp reactions to macro and geopolitical developments.
Traders are advised to:
- Focus on price confirmation near key levels
- Respect risk management
- Trade selectively in volatile 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.
