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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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. RSI at 51 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. The structured approach identifies Long Call at 70% as the highest-probability play. Risk/reward and regime fit both favour this setup.
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
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
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
Short-term trend damage is confirmed below the 20-day SMA (55,408). The path of least resistance points lower until this level is recovered. Momentum at 40 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. MACD histogram turns negative, adding weight to the bearish thesis. The scoring engine flags Iron Condor with a 53% conviction score — the strongest signal in today's scan.
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
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
54,878
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
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
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