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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
18.1% Moderate
NIFTY 50
Bullish24,197
-0.14%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
RSI (68.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price respects the 20-day average at 23,317 as a floor, offering a constructive base for directional longs. RSI has climbed to 68, putting the tape in overbought territory. New directional longs carry elevated reversal risk. MACD histogram prints positive, confirming the bullish impulse leg is intact. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support22,183
Resistance26,341
Moving Averages
21-day SMA23,309
50-day SMA24,434
100-day SMA25,161
200-day SMA25,163
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 68.5 confirms strong buying momentum, with room to run before becoming extremely overbought.
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
24,197
Stop Loss
23,898
Take Profit
24,795
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call52%
Buy OTM Call
Call Ratio Backspread52%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)49%
Sell OTM Put
BANK NIFTY
Bullish56,086
-0.38%
Intraday
Bearish
Daily
Bullish
Weekly
Bearish
Monthly
Bearish
RSI (66.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 53,727 continues to act as dynamic support — price remains above it, reinforcing upside bias. RSI has climbed to 66, putting the tape in overbought territory. New directional longs carry elevated reversal risk. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support49,955
Resistance61,765
Moving Averages
21-day SMA53,729
50-day SMA57,197
100-day SMA58,283
200-day SMA57,266
Moving Average Signals
Death Cross identified (50-day crossed below 200-day) — Bearish major signal
Momentum (RSI)
RSI at 66.2 confirms strong buying momentum, with room to run before becoming extremely overbought.
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
56,086
Stop Loss
55,156
Take Profit
57,948
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call52%
Buy OTM Call
Call Ratio Backspread52%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)49%
Sell OTM Put
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.