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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
19.7% Moderate
NIFTY 50
Neutral23,898
-1.14%
Intraday
Bullish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (67.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 23,635 holds as support, keeping the 20-day trend channel intact for now. RSI has climbed to 67, 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. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support22,183
Resistance26,009
Moving Averages
21-day SMA23,581
50-day SMA24,284
100-day SMA25,057
200-day SMA25,129
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 67.1 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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern
Consolidation / Range-bound 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
23,898
Stop Loss
23,710
Take Profit
24,274
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor57%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread57%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread57%
Sell near-term + Buy far-term (same strike)
BANK NIFTY
Bullish56,090
-0.38%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
RSI (72.9)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 54,583 — the near-term trend structure remains intact. Momentum is overheated at 73. While trend can override oscillators, the statistical edge for fresh longs is diminished. 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
Support49,955
Resistance61,679
Moving Averages
21-day SMA54,433
50-day SMA56,824
100-day SMA58,144
200-day SMA57,254
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 72.9 (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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern
Higher Highs and Higher Lows (Uptrend Structure)
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
56,090
Stop Loss
55,408
Take Profit
57,454
Risk / Reward
2.0
Buy
Top Options Strategies
Iron Condor47%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread47%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread47%
Sell near-term + Buy far-term (same strike)
Market Search Previews
Key Takeaway
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
⚠ 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.