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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
18.0% Moderate
NIFTY 50
Neutral23,996
-0.40%
Intraday
Bullish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (63.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term structure remains constructive with price trading above the 20-day SMA (23,728). RSI at 63 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Iron Condor leads the strategy table at 64% — directional bias and vol regime both align.
Support / Resistance
Support22,183
Resistance26,009
Moving Averages
21-day SMA23,708
50-day SMA24,209
100-day SMA25,014
200-day SMA25,115
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 63.0 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
23,996
Stop Loss
23,823
Take Profit
24,340
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor64%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread64%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread64%
Sell near-term + Buy far-term (same strike)
BANK NIFTY
Neutral55,400
-1.54%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (63.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Trading above the 20-day SMA (54,850), the asset maintains its bullish price structure — dip-buying remains the high-probability play. Momentum holds constructive at 64 — firmly in bullish territory with room to run before the tape gets stretched. MACD histogram prints positive, confirming the bullish impulse leg is intact. The structured approach identifies Iron Condor at 61% as the highest-probability play. Risk/reward and regime fit both favour this setup.
Support / Resistance
Support49,955
Resistance61,679
Moving Averages
21-day SMA54,796
50-day SMA56,632
100-day SMA58,068
200-day SMA57,243
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 63.7 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
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%) | 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
55,400
Stop Loss
54,865
Take Profit
56,470
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor61%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread61%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread61%
Sell near-term + Buy far-term (same strike)
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.