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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
12.8% Low
NIFTY 50
Strong Bullish24,103
+0.37%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (66.9)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price respects the 20-day average at 23,652 as a floor, offering a constructive base for directional longs. RSI has climbed to 67, putting the tape in overbought territory. New directional longs carry elevated reversal risk. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. Low-conviction tape — volume at 0.6x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support23,070
Resistance24,602
Moving Averages
21-day SMA23,655
50-day SMA23,847
100-day SMA24,202
200-day SMA24,893
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 66.9 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 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
24,103
Stop Loss
23,954
Take Profit
24,402
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 Bullish57,936
+0.43%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (86.2)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (55,592) remains unbroken on the downside — bulls retain structural control of the near-term tape. With RSI at 86, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. Strategy selection converges on Long Call (80%) — the quantitative factors align across direction, momentum, and implied volatility.
Support / Resistance
Support52,783
Resistance58,021
Moving Averages
21-day SMA55,519
50-day SMA55,332
100-day SMA56,442
200-day SMA57,041
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 86.2 (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
V-Shape Recovery / Double Bottom Formation
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
57,936
Stop Loss
57,481
Take Profit
58,844
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
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
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