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Shunya.Trade Options Engine

India Market Post-Market Review

June 19, 202603:45 PM LocalReal-Time Market Data
NIFTY 50
24,013
-0.30%
BANK NIFTY
57,686
+0.17%
Volatility Index — India VIX
13.0% Low
NIFTY 50
Strong Bullish
24,013
-0.30%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (62.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 23,607, preserving the near-term bullish structure. Momentum holds constructive at 63 — firmly in bullish territory with room to run before the tape gets stretched. 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
Support22,719
Resistance24,602
Moving Averages
21-day SMA23,609
50-day SMA23,824
100-day SMA24,223
200-day SMA24,900
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 62.6 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
LevelPrice
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
ExtensionPrice
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
24,013
Stop Loss
23,850
Take Profit
24,339
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 Bullish
57,686
+0.17%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (80.3)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Trading above the 20-day SMA (55,172), the asset maintains its bullish price structure — dip-buying remains the high-probability play. The 80 RSI print warns of stretched momentum. Consider scaling out of directional longs or hedging with defined-risk structures. The moving-average convergence divergence oscillator supports the bull case — histogram expanding above the zero line. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support51,868
Resistance57,805
Moving Averages
21-day SMA55,095
50-day SMA55,182
100-day SMA56,465
200-day SMA57,009
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) — Trend accelerating upward
Momentum (RSI)
RSI is extremely high at 80.3 (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
LevelPrice
High (0.0%)57,805
23.6%56,404
38.2%55,537
50.0%54,837
61.8%54,136
78.6%53,139
Low (100.0%)51,868
Extensions
ExtensionPrice
Ext 1.13 (Up)58,577
Ext 1.272 (Up)59,420
Ext 1.618 (Up)61,474
Ext 1.13 (Dn)51,097
Ext 1.272 (Dn)50,254
Ext 1.618 (Dn)48,200
Trade Setup
Entry
57,686
Stop Loss
57,188
Take Profit
58,680
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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⚠ 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.