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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
18.4% Moderate
NIFTY 50
Bullish24,093
+0.81%
Intraday
Bearish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
RSI (66.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price respects the 20-day average at 23,694 as a floor, offering a constructive base for directional longs. Momentum oscillator at 66 enters overbought territory — the tape is stretched and vulnerable to profit-taking. The moving-average convergence divergence oscillator supports the bull case — histogram expanding above the zero line. Across the full 31-strategy universe, Long Call captures the highest score at 43%. Alignment across trend, momentum, and vol regime drives the ranking.
Support / Resistance
Support22,183
Resistance26,009
Moving Averages
21-day SMA23,656
50-day SMA24,248
100-day SMA25,036
200-day SMA25,122
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 66.5 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
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
24,093
Stop Loss
23,877
Take Profit
24,524
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call43%
Buy OTM Call
Call Ratio Backspread43%
Sell 1 lower Call + Buy 2 higher Calls
Iron Condor42%
Sell OTM Put Spread + Sell OTM Call Spread
BANK NIFTY
Bullish56,264
+0.31%
Intraday
Bearish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
RSI (70.2)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 54,766 continues to act as dynamic support — price remains above it, reinforcing upside bias. Momentum is overheated at 70. 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 0.7x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support49,955
Resistance61,679
Moving Averages
21-day SMA54,663
50-day SMA56,736
100-day SMA58,111
200-day SMA57,250
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 70.2 (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
56,264
Stop Loss
55,626
Take Profit
57,540
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.