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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
18.7% Moderate
NIFTY 50
Strong Bearish23,618
-0.14%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (41.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term weakness is evident with price trading below the 20-day SMA (23,974). With RSI at 41, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. 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
Resistance24,854
Moving Averages
21-day SMA23,993
50-day SMA23,744
100-day SMA24,720
200-day SMA25,020
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 41.5 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%) | 24,854 |
| 23.6% | 24,224 |
| 38.2% | 23,834 |
| 50.0% | 23,518 |
| 61.8% | 23,203 |
| 78.6% | 22,754 |
| Low (100.0%) | 22,183 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 25,202 |
| Ext 1.272 (Up) | 25,581 |
| Ext 1.618 (Up) | 26,505 |
| Ext 1.13 (Dn) | 21,835 |
| Ext 1.272 (Dn) | 21,456 |
| Ext 1.618 (Dn) | 20,531 |
Trade Setup
Entry
23,618
Stop Loss
23,804
Take Profit
23,246
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put61%
Buy OTM Put
Put Ratio Backspread61%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread58%
Sell Call + Buy higher Call
BANK NIFTY
Strong Bearish53,409
-0.24%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (34.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Beneath the 20-day moving average (55,091), the tape is in distribution mode. Sellers control the structure. RSI has collapsed to 34, indicating capitulation-grade selling. Contrarian risk/reward is compelling if support holds. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support49,955
Resistance59,274
Moving Averages
21-day SMA55,162
50-day SMA54,854
100-day SMA57,395
200-day SMA57,074
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 34.4 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%) | 59,274 |
| 23.6% | 57,075 |
| 38.2% | 55,714 |
| 50.0% | 54,615 |
| 61.8% | 53,515 |
| 78.6% | 51,949 |
| Low (100.0%) | 49,955 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 60,486 |
| Ext 1.272 (Up) | 61,809 |
| Ext 1.618 (Up) | 65,034 |
| Ext 1.13 (Dn) | 48,743 |
| Ext 1.272 (Dn) | 47,420 |
| Ext 1.618 (Dn) | 44,195 |
Trade Setup
Entry
53,409
Stop Loss
53,948
Take Profit
52,332
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
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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