📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
The 20-day moving average at 24,101 now acts as overhead resistance — bears have reclaimed near-term control. RSI at 32 signals oversold conditions — the selling may be exhausted, creating a mean-reversion setup. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Strategy selection converges on Long Put (72%) — the quantitative factors align across direction, momentum, and implied volatility.
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
The 20-day moving average at 55,629 now acts as overhead resistance — bears have reclaimed near-term control. At 24, the momentum gauge is deeply oversold. Mean-reversion setups become statistically attractive, though confirmation is key. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. Strategy selection converges on Long Put (72%) — the quantitative factors align across direction, momentum, and implied volatility.
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
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%) | 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
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
Free Daily Analysis
Get Pre-Market & Post-Market Setups Every Day
Options Engine signals for NIFTY, S&P 500, DAX, Forex & 10+ global markets — completely free.
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.