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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
17.9% Moderate
NIFTY 50
Bullish24,033
-0.36%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
RSI (54.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (24,017), maintaining the positive short-term trend channel. With RSI at 54, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. MACD histogram remains in positive territory, underpinning the current directional move. The structured approach identifies Iron Condor at 55% as the highest-probability play. Risk/reward and regime fit both favour this setup.
Support / Resistance
Support22,183
Resistance25,885
Moving Averages
21-day SMA23,955
50-day SMA24,078
100-day SMA24,933
200-day SMA25,087
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 54.1 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
24,033
Stop Loss
23,859
Take Profit
24,381
Risk / Reward
2.0
Buy
Top Options Strategies
Iron Condor55%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread55%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread55%
Sell near-term + Buy far-term (same strike)
BANK NIFTY
Strong Bearish54,547
-0.60%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (40.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Sellers have pushed through the 20-day average (55,558), signaling a deterioration in near-term structure. RSI at 40 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. The structured approach identifies Long Put at 61% as the highest-probability play. Risk/reward and regime fit both favour this setup.
Support / Resistance
Support49,955
Resistance61,679
Moving Averages
21-day SMA55,367
50-day SMA56,173
100-day SMA57,884
200-day SMA57,199
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.2 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
54,547
Stop Loss
55,041
Take Profit
53,559
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put61%
Buy OTM Put
Put Ratio Backspread61%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread58%
Sell Call + Buy higher Call
Market Search Previews
Key Takeaway
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
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