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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
12.7% Low
NIFTY 50
Strong Bullish24,168
+0.34%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (66.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (23,615) remains unbroken on the downside — bulls retain structural control of the near-term tape. Momentum oscillator at 67 enters overbought territory — the tape is stretched and vulnerable to profit-taking. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support22,719
Resistance24,602
Moving Averages
21-day SMA23,617
50-day SMA23,827
100-day SMA24,225
200-day SMA24,901
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 66.7 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 is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 24,602 |
| 23.6% | 24,157 |
| 38.2% | 23,883 |
| 50.0% | 23,660 |
| 61.8% | 23,438 |
| 78.6% | 23,122 |
| Low (100.0%) | 22,719 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 24,846 |
| Ext 1.272 (Up) | 25,114 |
| Ext 1.618 (Up) | 25,765 |
| Ext 1.13 (Dn) | 22,475 |
| Ext 1.272 (Dn) | 22,207 |
| Ext 1.618 (Dn) | 21,556 |
Trade Setup
Entry
24,168
Stop Loss
24,007
Take Profit
24,491
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
BANK NIFTY
Strong Bullish57,964
+0.66%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (81.2)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (55,186), maintaining the positive short-term trend channel. RSI reading of 81 signals extended positioning. Watch for mean-reversion setups on any loss of momentum. MACD confirms the directional momentum: histogram above zero and widening. The impulse leg has room to extend. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support51,868
Resistance58,021
Moving Averages
21-day SMA55,109
50-day SMA55,188
100-day SMA56,468
200-day SMA57,011
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) — Trend accelerating upward
Momentum (RSI)
RSI is extremely high at 81.2 (Overbought), indicating price is extended and a pullback is likely.
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 is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 58,021 |
| 23.6% | 56,569 |
| 38.2% | 55,671 |
| 50.0% | 54,945 |
| 61.8% | 54,219 |
| 78.6% | 53,185 |
| Low (100.0%) | 51,868 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 58,821 |
| Ext 1.272 (Up) | 59,695 |
| Ext 1.618 (Up) | 61,824 |
| Ext 1.13 (Dn) | 51,069 |
| Ext 1.272 (Dn) | 50,195 |
| Ext 1.618 (Dn) | 48,066 |
Trade Setup
Entry
57,964
Stop Loss
57,462
Take Profit
58,967
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
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
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