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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
20.5% High
NIFTY 50
Neutral23,843
-0.86%
Intraday
Bearish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (58.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (23,235) remains unbroken on the downside — bulls retain structural control of the near-term tape. With RSI at 59, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support22,183
Resistance26,341
Moving Averages
21-day SMA23,265
50-day SMA24,480
100-day SMA25,196
200-day SMA25,171
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 58.7 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
V-Shape Recovery / Double Bottom Formation
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
23,843
Stop Loss
23,584
Take Profit
24,359
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
Neutral55,605
-0.55%
Intraday
Bearish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (57.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 53,551, preserving the near-term bullish structure. The 57 RSI reading is comfortably above the midline — momentum aligns with the directional thesis. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support49,955
Resistance61,765
Moving Averages
21-day SMA53,655
50-day SMA57,341
100-day SMA58,334
200-day SMA57,265
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 57.0 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
V-Shape Recovery / Double Bottom Formation
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
55,605
Stop Loss
54,791
Take Profit
57,233
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
Cross-reference India VIX term structure with OTM skew to gauge institutional risk appetite before deploying directional trades.
⚠ 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.