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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
The 20-day moving average at 23,974 now acts as overhead resistance — bears have reclaimed near-term control. Momentum at 41 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. The scoring engine flags Long Put with a 61% conviction score — the strongest signal in today's scan.
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
The 20-day average at 55,091 has failed as support, transitioning into resistance. Price must reclaim it to neutralize the bearish signal. Oversold at 34 — the tape has absorbed significant selling pressure. Defined-risk reversal plays gain merit. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. Quantitative screening across 31 structures identifies Long Put (63%) as today's top-ranked setup.
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
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
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