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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
16.3% Moderate
NIFTY 50
Strong Bearish23,406
-0.33%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (49.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Beneath the 20-day moving average (23,737), the tape is in distribution mode. Sellers control the structure. At 50, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support22,183
Resistance24,602
Moving Averages
21-day SMA23,751
50-day SMA23,685
100-day SMA24,482
200-day SMA24,966
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 49.8 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
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
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%) | 24,602 |
| 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
23,406
Stop Loss
23,582
Take Profit
23,052
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put79%
Buy OTM Put
Put Ratio Backspread79%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread76%
Sell Call + Buy higher Call
BANK NIFTY
Strong Bearish54,186
+0.88%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (56.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (54,283), shifting short-term structure to defensive. The 56 RSI reading is comfortably above the midline — momentum aligns with the directional thesis. MACD histogram remains in positive territory, underpinning the current directional move. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support49,955
Resistance57,456
Moving Averages
21-day SMA54,295
50-day SMA54,446
100-day SMA56,894
200-day SMA56,984
Moving Average Signals
Bearish short-term cross (21-EMA crossed below 50-SMA) — Trend accelerating downward
Momentum (RSI)
RSI at 56.4 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
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
Consolidation / Range-bound 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
54,186
Stop Loss
54,719
Take Profit
53,119
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put60%
Buy OTM Put
Put Ratio Backspread60%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread57%
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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