Last week, we highlighted that the March 2 (Monday) high and low would be crucial for the coming week, and that a breakout on either side could trigger a directional move for a few sessions — which played out almost exactly as anticipated. The market opened with a gap-down on Tuesday, briefly reversed after the initial fall, but since Monday’s low had already been breached, the broader sentiment remained weak. Eventually, the market resumed its bearish tone towards the end of the week, particularly on Friday, validating our directional view
The Nifty 50 Index ended the week on a negative note, declining nearly 190 points (0.77%), as markets reacted to weak global cues, persistent Foreign Institutional Investor (FII) outflows, depreciation of the Indian rupee against the US dollar, and a sharp rise in crude oil prices.
Adding to market uncertainty were escalating geopolitical tensions in the Middle East, particularly involving the United States, Israel, and Iran, which significantly influenced global risk sentiment during the week.
On the domestic front, Indian Foreign exchange reserve surged to a record $728.5 billion in the week ending February 27 boosted significantly by $4 billion FII remains net seller this week offload equities worth 22,000 crores The Indian currency closed the week ended March 6 at 91.74 per US dollar down 77 paise as compared with previous Friday close
US-Israel and Iran war
The US and Israel jointly launched strikes on Iran on 28 February following failed nuclear talks and killed Iran supreme leader Ali Khamenei on Saturday the US and Israel launched the most ambitious attack on Iran in decades Iran has retaliated by firing missiles and drones at Israel and at US bases The conflict has raised concerns about global energy supply disruptions, particularly due to risks surrounding the Strait of Hormuz, one of the world’s most critical oil transportation routes. As a result, crude oil prices witnessed a sharp rise during the week.
Time Analysis Performance: Week in Review
Even in a high-volatility environment, our time-cycle projections aligned closely with several key intraday turning points, highlighting the importance of monitoring price and time together.
Monday – 2nd March
Mentioned Time Windows:
09:20 AM | 10:00 AM | 10:35 AM | 01:30 PM | 02:00 PM
- Nifty opened gap-down in morning hours
- Day high formed around 10, close to 10:00 AM projection, followed by sharp downside momentum which begun at 10 35 am again near our mentioned time
- A strong reversal occurred near 2:00 PM, aligning with the projected time window
Wednesday – 4th March
Mentioned Time Windows:
01:30 PM | 02:30 PM
- Good momentum came near 1 30 pm & Day high formed around 2:45 PM, close to the 2:30 PM projection
Thursday – 5th March
Mentioned Time Windows:
11:40 AM | 02:35 PM
- Swing low near 11 40 am
- Strong momentum developed near 2:30 PM, close to the 2:35 PM projection, initiating an upward move
Friday – 6th March
Mentioned Time Windows:
09:45 AM | 10:35 AM
Day high formed around 9 30 am , close to 9 45 am projection
Across the week, time projections continued to demonstrate relevance, particularly when combined with price confirmation and structural levels.
Important Time Windows for the Week Ahead
(9th March – 13th March)
Based on our ongoing time-cycle study, the following intraday windows may remain significant. These should be observed alongside price action rather than anticipated blindly.
Monday – 9th March
09:45 AM | 10:40 AM | 11:35 AM | 02:30 PM
Tuesday – 10th March
09 15 am | 10 AM | 12: PM | 01:30 PM | 03 PM
Wednesday – 11th March
12:40 PM | 2:50 PM
Thursday – 12th March
09:35 AM | 10: AM | 12:15 PM | 02:30 PM
Friday – 13th March
11:20 AM | 01:30 PM
These time clusters may align with volatility expansion, swing highs/lows, or 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
25,566 | 25,434 | 25,389 | 25,365 | 25,322 | 25,173 | 25,145 | 25,085 | 25,035 | 25,001 | 24,978 | 24,856 | 24,806 | 24,688 | 24,647 | 24,538 | 24,482
Downside / Support Zone
24,382 | 24,331 | 24,142 | 23,875 | 23,814 | 23,320 | 22,868
Market behavior near these price clusters, especially when aligned with projected time windows, will be crucial in identifying market intent.
Outlook
Markets are currently navigating a high-volatility environment driven largely by geopolitical developments and global energy market disruptions. While domestic macro indicators remain relatively stable, external risks continue to dominate short-term sentiment.
- We do not see any significant dates for the upcoming week. However, due to the unstable global outlook, our view remains cautious and we recommend selective trading.
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.
