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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
19.6% Moderate
NIFTY 50
Strong Bearish23,650
+0.03%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bullish
Monthly
Bearish
RSI (40.3)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day average at 24,012 has failed as support, transitioning into resistance. Price must reclaim it to neutralize the bearish signal. At 40, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. MACD histogram negative and deepening — the momentum profile reinforces the short-side thesis. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support22,183
Resistance24,989
Moving Averages
21-day SMA24,028
50-day SMA23,769
100-day SMA24,742
200-day SMA25,028
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.3 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%) | 24,989 |
| 23.6% | 24,327 |
| 38.2% | 23,917 |
| 50.0% | 23,586 |
| 61.8% | 23,255 |
| 78.6% | 22,783 |
| Low (100.0%) | 22,183 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 25,354 |
| Ext 1.272 (Up) | 25,753 |
| Ext 1.618 (Up) | 26,724 |
| Ext 1.13 (Dn) | 21,818 |
| Ext 1.272 (Dn) | 21,419 |
| Ext 1.618 (Dn) | 20,448 |
Trade Setup
Entry
23,650
Stop Loss
23,837
Take Profit
23,276
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put63%
Buy OTM Put
Put Ratio Backspread63%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread60%
Sell Call + Buy higher Call
BANK NIFTY
Strong Bearish53,537
-0.32%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (30.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day average at 55,250 has failed as support, transitioning into resistance. Price must reclaim it to neutralize the bearish signal. The 31 RSI reading places the asset in the oversold zone. Watch for a bullish divergence — it would signal the selling wave is exhausting. On the MACD, the fast line has crossed below the signal line with a negative histogram — confirming the bearish momentum shift. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support49,955
Resistance60,178
Moving Averages
21-day SMA55,312
50-day SMA54,982
100-day SMA57,450
200-day SMA57,093
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 30.8 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%) | 60,178 |
| 23.6% | 57,765 |
| 38.2% | 56,272 |
| 50.0% | 55,066 |
| 61.8% | 53,860 |
| 78.6% | 52,142 |
| Low (100.0%) | 49,955 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 61,506 |
| Ext 1.272 (Up) | 62,958 |
| Ext 1.618 (Up) | 66,495 |
| Ext 1.13 (Dn) | 48,626 |
| Ext 1.272 (Dn) | 47,174 |
| Ext 1.618 (Dn) | 43,637 |
Trade Setup
Entry
53,537
Stop Loss
54,100
Take Profit
52,411
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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