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Shunya.Trade Options Engine

India Market Pre-Market Analysis

June 17, 202608:45 AM LocalReal-Time Market Data
NIFTY 50
23,989
+0.57%
BANK NIFTY
57,297
+0.17%
Volatility Index — India VIX
13.4% Low
NIFTY 50
Strong Bullish
23,989
+0.57%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (51.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (23,566), the short-term trend channel favours continuation higher. With RSI at 52, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. Long Call leads the strategy table at 82% — directional bias and vol regime both align.
Support / Resistance
Support22,183
Resistance24,602
Moving Averages
21-day SMA23,570
50-day SMA23,776
100-day SMA24,255
200-day SMA24,910
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.8 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
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
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
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
ExtensionPrice
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
23,989
Stop Loss
23,813
Take Profit
24,342
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call82%
Buy OTM Call
Call Ratio Backspread82%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread79%
Buy Call + Sell higher Call
BANK NIFTY
Strong Bullish
57,297
+0.17%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (67.9)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 54,757 holds as support, keeping the 20-day trend channel intact for now. With RSI at 68, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation. MACD histogram prints positive, confirming the bullish impulse leg is intact. Our 31-strategy scoring model ranks Long Call as the highest-conviction play at 86%.
Support / Resistance
Support49,955
Resistance57,804
Moving Averages
21-day SMA54,699
50-day SMA54,960
100-day SMA56,512
200-day SMA56,988
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) — Trend accelerating upward
Momentum (RSI)
RSI at 67.9 confirms strong buying momentum, with room to run before becoming extremely overbought.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price has broken above the upper Bollinger Band, indicating strong upward strength but risk of reversion.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)57,804
23.6%55,952
38.2%54,806
50.0%53,880
61.8%52,953
78.6%51,635
Low (100.0%)49,955
Extensions
ExtensionPrice
Ext 1.13 (Up)58,825
Ext 1.272 (Up)59,940
Ext 1.618 (Up)62,656
Ext 1.13 (Dn)48,934
Ext 1.272 (Dn)47,820
Ext 1.618 (Dn)45,104
Trade Setup
Entry
57,297
Stop Loss
56,766
Take Profit
58,359
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call86%
Buy OTM Call
Call Ratio Backspread86%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread83%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Analyze NIFTY max pain levels against OI concentration zones — strike-level positioning reveals dealer hedging pressure.
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⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.