🎯 Previous Week Projection: Analysis on Spot
As highlighted in our previous weekly article, May 14 and May 15 were expected to offer attractive intraday opportunities due to anticipated volatility and strong momentum conditions. The market reacted largely in line with expectations, particularly on May 14, where sharp directional movement and strong price action created favorable setups for active traders.
Additionally, we had specifically mentioned that May 15 would act as a crucial session for positional traders in determining near-term market direction. The market responded precisely as anticipated. After maintaining strength during earlier sessions, Nifty witnessed a notable reversal on Friday. Following the day’s high formation, the index saw a sharp decline of nearly 230 points from its intraday peak, signaling a shift in short-term momentum.
🌍 Market Highlights
The domestic equity market ended the week under pressure, with benchmark index Nifty falling nearly 2%, marking its first weekly decline in three weeks. Investor sentiment remained weak as hopes of a truce in West Asia faded, keeping Brent crude oil prices elevated. A weakening Indian rupee against the US dollar and continued foreign portfolio investor outflows further weighed on the market. Investors also turned cautious after the recent rally, as concerns over rising inflation, currency weakness, and higher global bond yields continued to impact overall market sentiment.
India foreign exchange reserves increased by $6.29 billion to $696.99 billion during the week ended May 8 driven by a rise in gold reserves RBI data Showed
The Indian rupee slipped below the crucial 96 mark on Friday pressured by elevated crude oil prices, a strong US dollar and hawkish US policy comment Persistent foreign capital outflows and a widening trade deficit further weakened the currency The currency later recovered slightly on Friday to close at 95.96
FII remained net seller throughout the week offloading equities worth around 14,000 crore While Domestic institutional Investors acted as a buyer purchasing equities worth around 18,000 crores
Meanwhile, crude oil prices witnessed a sharp rise, with Brent gaining 7.84% and WTI rising 10.48%, driven by supply concerns and geopolitical uncertainty surrounding the fragile Middle East situation.
⏱️ 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 – 11th May
Time Windows:
09:27 AM | 09:50 AM | 10:10 AM | 12:20 PM | 03:10 PM
📈 Swing high formed near 09:27 AM
📉 Swing low formed near 10:10 AM
🎯 Day low formed near 03:10 PM, close to our Lakshman Rekha level of 23,812
📍 Price faced resistance near 23,935, after which strong downward momentum was observed
🗓 Tuesday – 12th May
Time Windows:
09:20 AM | 09:50 AM | 12:30 PM | 12:45 PM | 02:35 PM
🎯 Day high formed near 09:20 AM, followed by strong selling pressure
📉 Day low formed near 02:35 PM, close to Lakshman Rekha level 23,346
🗓 Wednesday – 13th May
Time Windows:
10:00 AM | 11:35 AM | 12:20 PM | 01:25 PM | 02:50 PM | 03:15 PM
📉 Day low formed near 10:00 AM
🎯 Day high formed near 12:20 PM
📍 Limited price action observed around other projected windows
🗓 Thursday – 14th May
Time Windows:
09:20 AM | 10:10 AM | 11:10 AM
📉 Day low formed near 10:10 AM, close to 23,466
📈 Strong upward momentum emerged after 11:10 AM
📍 Price took support near 23,466, leading to a sharp bounce
🎯 Day high formed near Lakshman Rekha level 23,812
🗓 Friday – 15th May
Time Windows:
09:30 AM | 09:50 AM | 10:10 AM | 11:15 AM | 01:45 PM
📉 Swing low formed near 09:30 AM
🎯 Day high formed between 09:50–10:10 AM, close to Lakshman Rekha level 23,812
📉 Strong downside momentum emerged near 11:15 AM
🚫 Price again faced resistance near our Lakshman Rekha level of 23,812, resulting in aggressive selling pressure
Across the week, time clusters and projected levels remained highly effective, particularly when used alongside price structure and momentum confirmation.
⏰ Important Time Windows for the Week Ahead
(18th May – 22nd 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 – 18th May
09:19 AM | 09:45 AM | 02:30 PM
🗓 Tuesday – 19th May
09:20 AM | 10:50 AM | 12:20 PM | 01:25 PM | 01:40 PM | 02:50 PM
🗓 Wednesday – 20th May
09:30 AM | 09:55 AM | 10:15 AM | 11:06 AM | 03:05 PM
🗓 Thursday – 21st May
10:25 AM | 10:55 AM | 11:20 AM | 12:35 PM | 01:25 PM | 02:30 PM
🗓 Friday – 22nd May
09:19 AM | 11:15 AM | 11:45 AM | 01:20 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
23,812 | 23,872 | 23,935 | 24,140 | 24,382 | 24,450 | 24,480 | 24,535 | 24,646 | 24,685 | 25,002
🛡 Downside / Support Zone
23,466 | 23,345 | 23,320 | 22,858 | 22,780 | 22,558
📍 Market behavior near these levels — especially when aligned with projected time windows — will be crucial in identifying momentum and market intent.
📌 Lakshman Rekha for Nifty
22,474 | 22,517 | 22,998 | 23,321 | 23,346 | 23,395 | 23,460 | 23,812 | 23,872 | 24,306 | 24,450 | 24,730 | 25,084 | 24,229
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
All eyes will remain on May 21 and May 22, as these dates may emerge as an important time window for a possible shift in market behaviour.
If the market continues in an uptrend into these dates, there could be a possibility of exhaustion and reversal in momentum. Similarly, if markets remain under pressure before these dates, the possibility of a trend reversal and directional change cannot be ruled out.
Investors’ focus has now shifted towards rising inflation risks driven by higher-than-expected WPI readings, elevated bond yields and the possibility of adjustments in monetary policy expectations.
Market participants will also closely monitor geopolitical developments specifically any progress on reopening the Strait of Hormuz with Trump-Xi meeting positioned as the key catalyst
⚠️ Expect elevated volatility with sharp reactions to global headlines.
🎯 Traders are advised to:
• Focus on price confirmation near key zones
• Respect risk management
• Trade selectively in news-driven 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.
