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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
Price respects the 20-day average at 23,879 as a floor, offering a constructive base for directional longs. Momentum holds constructive at 54 — firmly in bullish territory with room to run before the tape gets stretched. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. The model's top pick is Long Call (53%) — the optimal structure given current trend, momentum, and volatility readings.
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 / 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
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
The 20-day moving average at 55,236 now acts as overhead resistance — bears have reclaimed near-term control. With RSI at 50, 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 scoring engine flags Long Put with a 48% conviction score — the strongest signal in today's scan.
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 / 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
54,863
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
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
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Explore Shunya.Trade →⚠ 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.