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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
17.5% Moderate
NIFTY 50
Strong Bullish24,577
+0.87%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (74.0)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Trading above the 20-day SMA (23,444), the asset maintains its bullish price structure — dip-buying remains the high-probability play. RSI has climbed to 74, putting the tape in overbought territory. New directional longs carry elevated reversal risk. 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
Support22,183
Resistance26,009
Moving Averages
21-day SMA23,460
50-day SMA24,377
100-day SMA25,112
200-day SMA25,150
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 74.0 (Overbought), indicating price is extended and a pullback is likely.
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
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 26,009 |
| 23.6% | 25,106 |
| 38.2% | 24,548 |
| 50.0% | 24,096 |
| 61.8% | 23,644 |
| 78.6% | 23,002 |
| Low (100.0%) | 22,183 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 26,507 |
| Ext 1.272 (Up) | 27,050 |
| Ext 1.618 (Up) | 28,374 |
| Ext 1.13 (Dn) | 21,685 |
| Ext 1.272 (Dn) | 21,142 |
| Ext 1.618 (Dn) | 19,818 |
Trade Setup
Entry
24,577
Stop Loss
24,313
Take Profit
25,103
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)69%
Sell OTM Put
BANK NIFTY
Strong Bullish57,371
+1.39%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (71.4)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Trading above the 20-day SMA (54,023), the asset maintains its bullish price structure — dip-buying remains the high-probability play. RSI reading of 71 signals extended positioning. Watch for mean-reversion setups on any loss of momentum. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support49,955
Resistance61,679
Moving Averages
21-day SMA54,085
50-day SMA57,042
100-day SMA58,214
200-day SMA57,267
Moving Average Signals
Death Cross identified (50-day crossed below 200-day) — Bearish major signal
Momentum (RSI)
RSI is extremely high at 71.4 (Overbought), indicating price is extended and a pullback is likely.
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%) | 61,679 |
| 23.6% | 58,912 |
| 38.2% | 57,200 |
| 50.0% | 55,817 |
| 61.8% | 54,433 |
| 78.6% | 52,464 |
| Low (100.0%) | 49,955 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 63,203 |
| Ext 1.272 (Up) | 64,868 |
| Ext 1.618 (Up) | 68,924 |
| Ext 1.13 (Dn) | 48,431 |
| Ext 1.272 (Dn) | 46,766 |
| Ext 1.618 (Dn) | 42,709 |
Trade Setup
Entry
57,371
Stop Loss
56,533
Take Profit
59,048
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)69%
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.