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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
19.3% Moderate
NIFTY 50
Strong Bearish23,380
-1.83%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (28.5)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Sellers have pushed through the 20-day average (24,123), signaling a deterioration in near-term structure. The 29 RSI print suggests aggressive selling has run its course — buyers may attempt to step in near support. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support22,183
Resistance25,653
Moving Averages
21-day SMA24,120
50-day SMA23,913
100-day SMA24,836
200-day SMA25,057
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) — Trend accelerating upward
Momentum (RSI)
RSI is extremely low at 28.5 (Oversold), suggesting selling pressure may have exhausted and a bounce is possible.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price crashed below the lower Bollinger Band, indicating panic selling or extreme bearishness.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 25,653 |
| 23.6% | 24,834 |
| 38.2% | 24,327 |
| 50.0% | 23,918 |
| 61.8% | 23,508 |
| 78.6% | 22,925 |
| Low (100.0%) | 22,183 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 26,104 |
| Ext 1.272 (Up) | 26,596 |
| Ext 1.618 (Up) | 27,797 |
| Ext 1.13 (Dn) | 21,731 |
| Ext 1.272 (Dn) | 21,239 |
| Ext 1.618 (Dn) | 20,038 |
Trade Setup
Entry
23,380
Stop Loss
23,558
Take Profit
23,022
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put72%
Buy OTM Put
Put Ratio Backspread72%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread69%
Sell Call + Buy higher Call
BANK NIFTY
Strong Bearish53,555
-1.63%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (23.5)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (55,736), shifting short-term structure to defensive. Momentum oscillator at 24 enters oversold territory. Contrarian long setups and defined-risk debit strategies gain merit. MACD histogram negative and deepening — the momentum profile reinforces the short-side thesis. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support49,955
Resistance61,436
Moving Averages
21-day SMA55,745
50-day SMA55,562
100-day SMA57,673
200-day SMA57,152
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely low at 23.5 (Oversold), suggesting selling pressure may have exhausted and a bounce is possible.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price crashed below the lower Bollinger Band, indicating panic selling or extreme bearishness.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 61,436 |
| 23.6% | 58,726 |
| 38.2% | 57,050 |
| 50.0% | 55,695 |
| 61.8% | 54,341 |
| 78.6% | 52,412 |
| Low (100.0%) | 49,955 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 62,928 |
| Ext 1.272 (Up) | 64,558 |
| Ext 1.618 (Up) | 68,531 |
| Ext 1.13 (Dn) | 48,462 |
| Ext 1.272 (Dn) | 46,832 |
| Ext 1.618 (Dn) | 42,860 |
Trade Setup
Entry
53,555
Stop Loss
54,070
Take Profit
52,525
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put66%
Buy OTM Put
Put Ratio Backspread66%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread63%
Sell Call + Buy higher Call
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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