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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
Loss of the 20-day SMA (24,047) flips the near-term structure bearish — the moving average now acts as a ceiling rather than a floor. Momentum at 45 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. On the MACD, the fast line has crossed below the signal line with a negative histogram — confirming the bearish momentum shift. The structured approach identifies Long Put at 72% as the highest-probability play. Risk/reward and regime fit both favour this setup.
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
With price beneath the 20-day moving average (55,401), the burden of proof shifts to the bulls. Rallies into the SMA are selling opportunities until reclaimed. The 33 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. Quantitative screening across 31 structures identifies Long Put (72%) as today's top-ranked setup.
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
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%) | 61,086 |
| 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
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
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