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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
18.8% Moderate
NIFTY 50
Strong Bearish23,644
-0.19%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bullish
Monthly
Bearish
RSI (44.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Sellers have pushed through the 20-day average (24,047), signaling a deterioration in near-term structure. RSI at 45 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support22,183
Resistance25,476
Moving Averages
21-day SMA24,054
50-day SMA23,799
100-day SMA24,764
200-day SMA25,035
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 44.8 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
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 25,476 |
| 23.6% | 24,699 |
| 38.2% | 24,218 |
| 50.0% | 23,829 |
| 61.8% | 23,441 |
| 78.6% | 22,887 |
| Low (100.0%) | 22,183 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 25,905 |
| Ext 1.272 (Up) | 26,372 |
| Ext 1.618 (Up) | 27,512 |
| Ext 1.13 (Dn) | 21,754 |
| Ext 1.272 (Dn) | 21,287 |
| Ext 1.618 (Dn) | 20,147 |
Trade Setup
Entry
23,644
Stop Loss
23,824
Take Profit
23,282
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 Bearish53,710
-0.77%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (33.3)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Beneath the 20-day moving average (55,401), the tape is in distribution mode. Sellers control the structure. RSI has collapsed to 33, indicating capitulation-grade selling. Contrarian risk/reward is compelling if support holds. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support49,955
Resistance61,086
Moving Averages
21-day SMA55,434
50-day SMA55,122
100-day SMA57,505
200-day SMA57,109
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 33.3 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 is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
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%) | 61,086 |
| 23.6% | 58,459 |
| 38.2% | 56,834 |
| 50.0% | 55,521 |
| 61.8% | 54,207 |
| 78.6% | 52,337 |
| Low (100.0%) | 49,955 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 62,534 |
| Ext 1.272 (Up) | 64,114 |
| Ext 1.618 (Up) | 67,966 |
| Ext 1.13 (Dn) | 48,508 |
| Ext 1.272 (Dn) | 46,927 |
| Ext 1.618 (Dn) | 43,076 |
Trade Setup
Entry
53,710
Stop Loss
54,258
Take Profit
52,616
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
Analyze NIFTY max pain levels against OI concentration zones — strike-level positioning reveals dealer hedging pressure.
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