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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
17.4% Moderate
NIFTY 50
Strong Bullish24,178
+0.76%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (53.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 23,796 — the near-term trend structure remains intact. With RSI at 53, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. On the MACD front, the histogram is positive and the fast line sits above the signal line — textbook bullish configuration. The model's top pick is Long Call (70%) — the optimal structure given current trend, momentum, and volatility readings.
Support / Resistance
Support22,183
Resistance25,907
Moving Averages
21-day SMA23,749
50-day SMA24,174
100-day SMA24,994
200-day SMA25,108
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 53.4 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%) | 25,907 |
| 23.6% | 25,028 |
| 38.2% | 24,484 |
| 50.0% | 24,045 |
| 61.8% | 23,605 |
| 78.6% | 22,980 |
| Low (100.0%) | 22,183 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 26,391 |
| Ext 1.272 (Up) | 26,920 |
| Ext 1.618 (Up) | 28,208 |
| Ext 1.13 (Dn) | 21,698 |
| Ext 1.272 (Dn) | 21,170 |
| Ext 1.618 (Dn) | 19,881 |
Trade Setup
Entry
24,178
Stop Loss
23,995
Take Profit
24,543
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call70%
Buy OTM Call
Call Ratio Backspread70%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)67%
Sell OTM Put
BANK NIFTY
Neutral55,404
+0.01%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (47.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (55,007), the short-term trend channel favours continuation higher. The 48 RSI keeps the momentum profile in bear territory. Rallies are selling opportunities until the 50-line is recaptured. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Across the full 31-strategy universe, Iron Condor captures the highest score at 76%. Alignment across trend, momentum, and vol regime drives the ranking.
Support / Resistance
Support49,955
Resistance61,679
Moving Averages
21-day SMA54,877
50-day SMA56,525
100-day SMA58,024
200-day SMA57,235
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 47.8 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
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
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
55,404
Stop Loss
54,946
Take Profit
56,318
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor76%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread76%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread76%
Sell near-term + Buy far-term (same strike)
Market Search Previews
Key Takeaway
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
⚠ 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.