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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
17.9% Moderate
NIFTY 50
Bearish23,719
+0.27%
Intraday
Bearish
Daily
Bearish
Weekly
Bullish
Monthly
Bearish
RSI (39.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The break below the 20-day SMA at 23,869 opens the door to further downside probing. Momentum at 39 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. The scoring engine flags Long Strangle with a 50% conviction score — the strongest signal in today's scan.
Support / Resistance
Support22,183
Resistance24,602
Moving Averages
21-day SMA23,884
50-day SMA23,691
100-day SMA24,650
200-day SMA25,002
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 39.1 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
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
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%) | 24,602 |
| 23.6% | 24,031 |
| 38.2% | 23,678 |
| 50.0% | 23,392 |
| 61.8% | 23,107 |
| 78.6% | 22,700 |
| Low (100.0%) | 22,183 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 24,916 |
| Ext 1.272 (Up) | 25,260 |
| Ext 1.618 (Up) | 26,097 |
| Ext 1.13 (Dn) | 21,868 |
| Ext 1.272 (Dn) | 21,525 |
| Ext 1.618 (Dn) | 20,688 |
Trade Setup
Entry
23,719
Stop Loss
23,893
Take Profit
23,371
Risk / Reward
2.0
Sell
Top Options Strategies
Long Strangle50%
Buy OTM Call + Buy OTM Put
Long Straddle50%
Buy ATM Call + Buy ATM Put
Iron Condor47%
Sell OTM Put Spread + Sell OTM Call Spread
BANK NIFTY
Strong Bearish54,055
+1.15%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (43.9)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day average at 54,604 has failed as support, transitioning into resistance. Price must reclaim it to neutralize the bearish signal. With RSI at 44, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. Volume is running cold at 0.7x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support49,955
Resistance57,456
Moving Averages
21-day SMA54,685
50-day SMA54,563
100-day SMA57,233
200-day SMA57,030
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 43.9 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%) | 57,456 |
| 23.6% | 55,686 |
| 38.2% | 54,591 |
| 50.0% | 53,706 |
| 61.8% | 52,820 |
| 78.6% | 51,560 |
| Low (100.0%) | 49,955 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 58,431 |
| Ext 1.272 (Up) | 59,497 |
| Ext 1.618 (Up) | 62,092 |
| Ext 1.13 (Dn) | 48,980 |
| Ext 1.272 (Dn) | 47,914 |
| Ext 1.618 (Dn) | 45,319 |
Trade Setup
Entry
54,055
Stop Loss
54,585
Take Profit
52,995
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put58%
Buy OTM Put
Put Ratio Backspread58%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread55%
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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