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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
18.6% Moderate
NIFTY 50
Bullish24,173
-0.84%
Intraday
Bearish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
RSI (73.1)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 23,565 continues to act as dynamic support — price remains above it, reinforcing upside bias. With RSI at 73, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. Quantitative screening across 31 structures identifies Long Call (52%) as today's top-ranked setup.
Support / Resistance
Support22,183
Resistance26,009
Moving Averages
21-day SMA23,544
50-day SMA24,320
100-day SMA25,077
200-day SMA25,137
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 73.1 (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%) | 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
24,173
Stop Loss
23,939
Take Profit
24,641
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
Bullish56,305
-1.43%
Intraday
Bearish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
RSI (74.8)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 54,350 holds as support, keeping the 20-day trend channel intact for now. RSI reading of 75 signals extended positioning. Watch for mean-reversion setups on any loss of momentum. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. Quantitative screening across 31 structures identifies Long Call (52%) as today's top-ranked setup.
Support / Resistance
Support49,955
Resistance61,679
Moving Averages
21-day SMA54,306
50-day SMA56,905
100-day SMA58,171
200-day SMA57,260
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 74.8 (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
56,305
Stop Loss
55,577
Take Profit
57,761
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
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.