📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine

India Market Pre-Market Analysis

April 10, 202608:45 AM LocalReal-Time Market Data
NIFTY 50
23,775
-0.93%
BANK NIFTY
54,822
-1.58%
Volatility Index — India VIX
20.4% High
NIFTY 50
Neutral
23,775
-0.93%
Intraday
Bullish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (51.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (23,247), the short-term trend channel favours continuation higher. Momentum holds constructive at 52 — firmly in bullish territory with room to run before the tape gets stretched. MACD histogram prints positive, confirming the bullish impulse leg is intact. Iron Condor leads the strategy table at 73% — directional bias and vol regime both align.
Support / Resistance
Support22,183
Resistance26,341
Moving Averages
21-day SMA23,284
50-day SMA24,527
100-day SMA25,234
200-day SMA25,180
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.8 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
LevelPrice
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
ExtensionPrice
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
23,775
Stop Loss
23,505
Take Profit
24,316
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor73%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread73%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Double Calendar73%
OTM Put Calendar + OTM Call Calendar
BANK NIFTY
Neutral
54,822
-1.58%
Intraday
Bearish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (49.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 53,609, preserving the near-term bullish structure. With RSI at 50, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. Our 31-strategy scoring model ranks Iron Condor as the highest-conviction play at 73%.
Support / Resistance
Support49,955
Resistance61,765
Moving Averages
21-day SMA53,724
50-day SMA57,464
100-day SMA58,386
200-day SMA57,265
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 49.8 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
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
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
ExtensionPrice
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
54,822
Stop Loss
53,999
Take Profit
56,466
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor73%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread73%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Double Calendar73%
OTM Put Calendar + OTM Call Calendar
Market Search Previews
Key Takeaway
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
⚠ 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.