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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
13.9% Low
NIFTY 50
Neutral23,824
-1.16%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (60.3)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term structure remains constructive with price trading above the 20-day SMA (23,641). The 60 RSI reading is comfortably above the midline — momentum aligns with the directional thesis. MACD histogram prints positive, confirming the bullish impulse leg is intact. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support23,070
Resistance24,602
Moving Averages
21-day SMA23,660
50-day SMA23,848
100-day SMA24,188
200-day SMA24,890
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 60.3 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
Consolidation / Range-bound Structure
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
23,824
Stop Loss
23,699
Take Profit
24,074
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread73%
Sell near-term + Buy far-term (same strike)
Iron Condor51%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread51%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
BANK NIFTY
Strong Bullish57,184
-1.30%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (74.5)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 55,687, preserving the near-term bullish structure. The momentum gauge prints 75 — historically, readings above 65 precede short-term retracements in this name. 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
Support52,783
Resistance58,021
Moving Averages
21-day SMA55,668
50-day SMA55,379
100-day SMA56,422
200-day SMA57,058
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 74.5 (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
57,184
Stop Loss
56,746
Take Profit
58,060
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call77%
Buy OTM Call
Call Ratio Backspread77%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread74%
Buy Call + Sell higher Call
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Key Takeaway
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
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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.