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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
Price has broken below the 20-day SMA (24,012), shifting short-term structure to defensive. The 40 reading on the momentum gauge signals persistent softness. Sellers maintain the edge until a reclaim of the 50-line. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. The scoring engine flags Long Put with a 63% conviction score — the strongest signal in today's scan.
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
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%) | 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 break below the 20-day SMA at 55,250 opens the door to further downside probing. Momentum oscillator at 31 enters oversold territory. Contrarian long setups and defined-risk debit strategies gain merit. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. The structured approach identifies Long Put at 66% as the highest-probability play. Risk/reward and regime fit both favour this setup.
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
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%) | 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
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
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