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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
13.0% Low
NIFTY 50
Strong Bullish24,013
-0.64%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (67.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 23,632, preserving the near-term bullish structure. The 67 RSI print warns of stretched momentum. Consider scaling out of directional longs or hedging with defined-risk structures. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. The model's top pick is Long Call (80%) — the optimal structure given current trend, momentum, and volatility readings.
Support / Resistance
Support23,070
Resistance24,602
Moving Averages
21-day SMA23,634
50-day SMA23,845
100-day SMA24,213
200-day SMA24,896
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 67.1 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% | 24,240 |
| 38.2% | 24,017 |
| 50.0% | 23,836 |
| 61.8% | 23,655 |
| 78.6% | 23,398 |
| Low (100.0%) | 23,070 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 24,801 |
| Ext 1.272 (Up) | 25,018 |
| Ext 1.618 (Up) | 25,548 |
| Ext 1.13 (Dn) | 22,871 |
| Ext 1.272 (Dn) | 22,654 |
| Ext 1.618 (Dn) | 22,124 |
Trade Setup
Entry
24,013
Stop Loss
23,856
Take Profit
24,327
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call80%
Buy OTM Call
Call Ratio Backspread80%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread77%
Buy Call + Sell higher Call
BANK NIFTY
Strong Bullish57,686
-0.48%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (85.8)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Trading above the 20-day SMA (55,398), the asset maintains its bullish price structure — dip-buying remains the high-probability play. RSI has climbed to 86, putting the tape in overbought territory. New directional longs carry elevated reversal risk. MACD confirms the directional momentum: histogram above zero and widening. The impulse leg has room to extend. The structured approach identifies Long Call at 80% as the highest-probability play. Risk/reward and regime fit both favour this setup.
Support / Resistance
Support52,783
Resistance58,021
Moving Averages
21-day SMA55,305
50-day SMA55,287
100-day SMA56,450
200-day SMA57,024
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 85.8 (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% | 56,785 |
| 38.2% | 56,020 |
| 50.0% | 55,402 |
| 61.8% | 54,784 |
| 78.6% | 53,904 |
| Low (100.0%) | 52,783 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 58,702 |
| Ext 1.272 (Up) | 59,446 |
| Ext 1.618 (Up) | 61,258 |
| Ext 1.13 (Dn) | 52,103 |
| Ext 1.272 (Dn) | 51,359 |
| Ext 1.618 (Dn) | 49,546 |
Trade Setup
Entry
57,686
Stop Loss
57,210
Take Profit
58,636
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call80%
Buy OTM Call
Call Ratio Backspread80%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread77%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
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Explore Shunya.Trade →⚠ 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.