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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
16.7% Moderate
NIFTY 50
Strong Bullish24,331
+1.24%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (52.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 24,085 — the near-term trend structure remains intact. RSI at 52 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support22,183
Resistance25,885
Moving Averages
21-day SMA24,032
50-day SMA24,050
100-day SMA24,916
200-day SMA25,082
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 52.2 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
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
24,331
Stop Loss
24,160
Take Profit
24,673
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call73%
Buy OTM Call
Call Ratio Backspread73%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)70%
Sell OTM Put
BANK NIFTY
Bullish55,981
+2.63%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
RSI (47.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price respects the 20-day average at 55,726 as a floor, offering a constructive base for directional longs. Momentum at 47 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. 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 SMA55,578
50-day SMA56,069
100-day SMA57,851
200-day SMA57,194
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 47.4 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
55,981
Stop Loss
55,472
Take Profit
56,999
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call54%
Buy OTM Call
Call Ratio Backspread54%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)51%
Sell OTM Put
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.