📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
18.9% Moderate
NIFTY 50
Neutral24,051
+1.16%
Intraday
Bullish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (52.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 23,237 continues to act as dynamic support — price remains above it, reinforcing upside bias. Momentum at 53 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. The model's top pick is Iron Condor (65%) — the optimal structure given current trend, momentum, and volatility readings.
Support / Resistance
Support22,183
Resistance26,341
Moving Averages
21-day SMA23,285
50-day SMA24,507
100-day SMA25,216
200-day SMA25,176
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 52.5 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
24,051
Stop Loss
23,780
Take Profit
24,592
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor65%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread65%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread65%
Sell near-term + Buy far-term (same strike)
BANK NIFTY
Neutral55,913
+1.99%
Intraday
Bullish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (51.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (53,558) remains unbroken on the downside — bulls retain structural control of the near-term tape. Momentum holds constructive at 52 — firmly in bullish territory with room to run before the tape gets stretched. The moving-average convergence divergence oscillator supports the bull case — histogram expanding above the zero line. Iron Condor leads the strategy table at 65% — directional bias and vol regime both align.
Support / Resistance
Support49,955
Resistance61,765
Moving Averages
21-day SMA53,719
50-day SMA57,413
100-day SMA58,362
200-day SMA57,265
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.7 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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
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
55,913
Stop Loss
55,080
Take Profit
57,578
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor65%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread65%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread65%
Sell near-term + Buy far-term (same strike)
Market Search Previews
Key Takeaway
Analyze NIFTY max pain levels against OI concentration zones — strike-level positioning reveals dealer hedging pressure.
⚠ 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.