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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
18.3% Moderate
NIFTY 50
Strong Bullish24,119
+0.51%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (51.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 23,951 holds as support, keeping the 20-day trend channel intact for now. Momentum holds constructive at 51 — firmly in bullish territory with room to run before the tape gets stretched. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support22,183
Resistance25,885
Moving Averages
21-day SMA23,891
50-day SMA24,111
100-day SMA24,953
200-day SMA25,094
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.4 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
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
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
24,119
Stop Loss
23,934
Take Profit
24,490
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
Bearish54,878
+0.03%
Intraday
Bullish
Daily
Bearish
Weekly
Bullish
Monthly
Bearish
RSI (40.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The break below the 20-day SMA at 55,408 opens the door to further downside probing. RSI at 40 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support49,955
Resistance61,679
Moving Averages
21-day SMA55,219
50-day SMA56,301
100-day SMA57,932
200-day SMA57,212
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.4 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
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
54,878
Stop Loss
55,410
Take Profit
53,815
Risk / Reward
2.0
Sell
Top Options Strategies
Iron Condor53%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread53%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread53%
Sell near-term + Buy far-term (same strike)
Market Search Previews
Key Takeaway
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
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