The Nifty50 wrapped up a volatile week ended May 30 with a 0.4% dip yet closed the month of May on a positive note, clocking a 1.7% gain.The broader sentiment remained buoyed by continued foreign institutional investor (FII) inflows. Data indicates that in the first half of May, FIIs focused their buying in key sectors such as automobiles, auto components, telecom, and financials — reflecting a strategic tilt toward cyclical and defensively strong counters.May 19 — A Pivotal Date Confirmed by Price ActionOver the past three weeks, May 19 was consistently highlighted as a technically significant date. This week’s market action validated that forecast with remarkable accuracy.On May 26 and 27, Nifty’s intraday highs coincided precisely with the May 19 peak. Despite multiple attempts, the index failed to sustain above that level — underlining the importance of this resistance zone.Additionally, last week’s article had flagged 25,083 as a key resistance level. The high for this week? 25,079.20 — a near-exact match. This kind of precision adds credibility to both price pattern forecasting and resistance zone projections.Time-Based Analysis: Five Days of Accurate Intraday ReversalsHarshubh Shah’s time-window forecasts once again proved to be a powerful tool for intraday traders. Each day saw the market respond with uncanny alignment to the projected reversal points:Mon, May 26: A swing low was recorded around 12:20 PM, matching the time alert.Tue, May 27: Momentum picked up at 9:20 AM, and the day low was formed exactly at 2:30 PM.Wed, May 28: Bank Nifty bottomed at 9:25 AM, matching the projected time.Thu, May 29: Nifty and Bank Nifty reversed sharply between 11:20 AM and 12:00 PM.Fri, May 30: A precise day high was formed at 9:30 AM, validating the forecast.These repeated confirmations are a strong testament to the efficacy of time-based analysis in trading strategies. For those seeking to refine their intraday edge, these time zones offer compelling tactical opportunities.121547597Nifty (Spot): Key Levels to WatchUpside Targets:24,856 → 24,978 → 25,083 → 25,323 → 25,434Downside Supports:24,677 → 24,535 → 24,450 → 24,360 → 24,140 → 23,820Bank Nifty (Spot): Key Levels to WatchUpside Levels:55,960 → 56,180 → 56,650 → 57,600Downside Levels:55,230 → 54,750 → 54,289 → 53,910 → 51,889Reversal Alert: Watch June 2, 2025Starting June 2, traders should be alert for a potential reversal or trend validation in both Nifty and Bank Nifty. This date could serve as a springboard for directional trades with favorable risk-reward setups.Strategy Tip:Use June 2 as a confirmation date — whether for initiating fresh positions or managing existing trades — especially if price action aligns with support/resistance clusters or the time windows outlined above.(The author is Director, Wealthview Analytics Pvt Ltd)(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)