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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
13.4% Low
NIFTY 50
Strong Bullish24,022
+0.83%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (63.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (23,647), the short-term trend channel favours continuation higher. The 64 RSI reading is comfortably above the midline — momentum aligns with the directional thesis. On the MACD front, the histogram is positive and the fast line sits above the signal line — textbook bullish configuration. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support23,070
Resistance24,602
Moving Averages
21-day SMA23,659
50-day SMA23,848
100-day SMA24,177
200-day SMA24,888
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 63.6 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
| 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
24,022
Stop Loss
23,868
Take Profit
24,329
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
BANK NIFTY
Strong Bullish58,150
+1.69%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (77.6)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 55,840 holds as support, keeping the 20-day trend channel intact for now. The 78 RSI print warns of stretched momentum. Consider scaling out of directional longs or hedging with defined-risk structures. On the MACD front, the histogram is positive and the fast line sits above the signal line — textbook bullish configuration. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support52,783
Resistance58,256
Moving Averages
21-day SMA55,804
50-day SMA55,424
100-day SMA56,418
200-day SMA57,080
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 77.6 (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%) | 58,256 |
| 23.6% | 56,965 |
| 38.2% | 56,166 |
| 50.0% | 55,520 |
| 61.8% | 54,874 |
| 78.6% | 53,955 |
| Low (100.0%) | 52,783 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 58,968 |
| Ext 1.272 (Up) | 59,745 |
| Ext 1.618 (Up) | 61,639 |
| Ext 1.13 (Dn) | 52,072 |
| Ext 1.272 (Dn) | 51,295 |
| Ext 1.618 (Dn) | 49,401 |
Trade Setup
Entry
58,150
Stop Loss
57,689
Take Profit
59,074
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
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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