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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
17.2% Moderate
NIFTY 50
Strong Bullish24,354
+0.65%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (66.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (23,364) remains unbroken on the downside — bulls retain structural control of the near-term tape. RSI reading of 67 signals extended positioning. Watch for mean-reversion setups on any loss of momentum. 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 SMA23,367
50-day SMA24,414
100-day SMA25,145
200-day SMA25,159
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 66.7 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
24,354
Stop Loss
24,066
Take Profit
24,929
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call61%
Buy OTM Call
Call Ratio Backspread61%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)58%
Sell OTM Put
BANK NIFTY
Strong Bullish56,566
+0.85%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (64.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 53,835 — the near-term trend structure remains intact. RSI at 65 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. The moving-average convergence divergence oscillator supports the bull case — histogram expanding above the zero line. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support49,955
Resistance61,765
Moving Averages
21-day SMA53,863
50-day SMA57,136
100-day SMA58,260
200-day SMA57,266
Moving Average Signals
Death Cross identified (50-day crossed below 200-day) — Bearish major signal
Momentum (RSI)
RSI at 64.5 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%) | 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
56,566
Stop Loss
55,666
Take Profit
58,365
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call61%
Buy OTM Call
Call Ratio Backspread61%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)58%
Sell OTM Put
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.