📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
18.5% Moderate
NIFTY 50
Bullish23,998
-0.74%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
RSI (54.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (23,879), the short-term trend channel favours continuation higher. With RSI at 54, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. MACD histogram prints positive, confirming the bullish impulse leg is intact. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support22,183
Resistance25,885
Moving Averages
21-day SMA23,806
50-day SMA24,138
100-day SMA24,972
200-day SMA25,101
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 54.2 is well within the neutral zone, showing balanced momentum without extreme conditions.
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%) | 25,885 |
| 23.6% | 25,011 |
| 38.2% | 24,471 |
| 50.0% | 24,034 |
| 61.8% | 23,597 |
| 78.6% | 22,975 |
| Low (100.0%) | 22,183 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 26,367 |
| Ext 1.272 (Up) | 26,892 |
| Ext 1.618 (Up) | 28,174 |
| Ext 1.13 (Dn) | 21,701 |
| Ext 1.272 (Dn) | 21,175 |
| Ext 1.618 (Dn) | 19,894 |
Trade Setup
Entry
23,998
Stop Loss
23,812
Take Profit
24,369
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call53%
Buy OTM Call
Call Ratio Backspread53%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)50%
Sell OTM Put
BANK NIFTY
Bearish54,863
-0.98%
Intraday
Bullish
Daily
Bearish
Weekly
Bearish
Monthly
Bearish
RSI (50.3)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (55,236), shifting short-term structure to defensive. The oscillator at 50 reflects sustained buying interest — bulls control the momentum channel. MACD histogram prints positive, confirming the bullish impulse leg is intact. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support49,955
Resistance61,679
Moving Averages
21-day SMA55,000
50-day SMA56,407
100-day SMA57,976
200-day SMA57,224
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 50.3 is well within the neutral zone, showing balanced momentum without extreme conditions.
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
54,863
Stop Loss
55,407
Take Profit
53,776
Risk / Reward
2.0
Sell
Top Options Strategies
Long Put48%
Buy OTM Put
Put Ratio Backspread48%
Sell 1 higher Put + Buy 2 lower Puts
Iron Condor46%
Sell OTM Put Spread + Sell OTM Call Spread
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.