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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
19.4% Moderate
NIFTY 50
Strong Bearish23,413
+0.14%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (31.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Sellers have pushed through the 20-day average (24,101), signaling a deterioration in near-term structure. The 32 RSI reading places the asset in the oversold zone. Watch for a bullish divergence — it would signal the selling wave is exhausting. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support22,183
Resistance25,653
Moving Averages
21-day SMA24,089
50-day SMA23,872
100-day SMA24,811
200-day SMA25,049
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) — Trend accelerating upward
Momentum (RSI)
RSI at 31.6 confirms strong selling momentum, though nearing oversold territory.
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
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Lower Highs and Lower Lows (Downtrend Structure)
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
23,413
Stop Loss
23,595
Take Profit
23,047
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 Bearish53,456
-0.18%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (24.0)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Short-term trend damage is confirmed below the 20-day SMA (55,629). The path of least resistance points lower until this level is recovered. RSI has collapsed to 24, indicating capitulation-grade selling. Contrarian risk/reward is compelling if support holds. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support49,955
Resistance61,318
Moving Averages
21-day SMA55,628
50-day SMA55,410
100-day SMA57,615
200-day SMA57,136
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely low at 24.0 (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%) | 61,318 |
| 23.6% | 58,636 |
| 38.2% | 56,977 |
| 50.0% | 55,636 |
| 61.8% | 54,295 |
| 78.6% | 52,386 |
| Low (100.0%) | 49,955 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 62,795 |
| Ext 1.272 (Up) | 64,408 |
| Ext 1.618 (Up) | 68,340 |
| Ext 1.13 (Dn) | 48,478 |
| Ext 1.272 (Dn) | 46,864 |
| Ext 1.618 (Dn) | 42,933 |
Trade Setup
Entry
53,456
Stop Loss
53,991
Take Profit
52,386
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
Market Search Previews
Key Takeaway
Cross-reference India VIX term structure with OTM skew to gauge institutional risk appetite before deploying directional trades.
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