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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
24.7% High
NIFTY 50
Bearish23,124
+0.68%
Intraday
Bullish
Daily
Bearish
Weekly
Bearish
Monthly
Bearish
RSI (49.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The break below the 20-day SMA at 23,282 opens the door to further downside probing. The 50 RSI keeps the momentum profile in bear territory. Rallies are selling opportunities until the 50-line is recaptured. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. The scoring engine flags Bear Call Spread with a 65% conviction score — the strongest signal in today's scan.
Support / Resistance
Support22,183
Resistance26,341
Moving Averages
21-day SMA23,353
50-day SMA24,581
100-day SMA25,269
200-day SMA25,190
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 49.7 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern
Consolidation / Range-bound Structure
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 26,341 |
| 23.6% | 25,360 |
| 38.2% | 24,753 |
| 50.0% | 24,262 |
| 61.8% | 23,771 |
| 78.6% | 23,072 |
| Low (100.0%) | 22,183 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 26,882 |
| Ext 1.272 (Up) | 27,472 |
| Ext 1.618 (Up) | 28,911 |
| Ext 1.13 (Dn) | 21,642 |
| Ext 1.272 (Dn) | 21,051 |
| Ext 1.618 (Dn) | 19,613 |
Trade Setup
Entry
23,124
Stop Loss
23,432
Take Profit
22,506
Risk / Reward
2.0
Sell
Top Options Strategies
Bear Call Spread65%
Sell Call + Buy higher Call
Broken Wing Butterfly (Calls)65%
Asymmetric call butterfly for credit
Short Call (Naked)58%
Sell Naked Call
BANK NIFTY
Strong Bearish52,716
+0.20%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (46.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Beneath the 20-day moving average (53,773), the tape is in distribution mode. Sellers control the structure. At 46, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. The structured approach identifies Bear Call Spread at 68% as the highest-probability play. Risk/reward and regime fit both favour this setup.
Support / Resistance
Support49,955
Resistance61,765
Moving Averages
21-day SMA54,025
50-day SMA57,613
100-day SMA58,441
200-day SMA57,271
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 46.2 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 61,765 |
| 23.6% | 58,978 |
| 38.2% | 57,253 |
| 50.0% | 55,860 |
| 61.8% | 54,466 |
| 78.6% | 52,482 |
| Low (100.0%) | 49,955 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 63,300 |
| Ext 1.272 (Up) | 64,977 |
| Ext 1.618 (Up) | 69,063 |
| Ext 1.13 (Dn) | 48,420 |
| Ext 1.272 (Dn) | 46,743 |
| Ext 1.618 (Dn) | 42,656 |
Trade Setup
Entry
52,716
Stop Loss
53,624
Take Profit
50,901
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Bear Call Spread68%
Sell Call + Buy higher Call
Broken Wing Butterfly (Calls)68%
Asymmetric call butterfly for credit
Short Call (Naked)61%
Sell Naked Call
Market Search Previews
Key Takeaway
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.