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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
12.3% Low
NIFTY 50
Strong Bullish24,176
+0.71%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (72.4)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (23,763), maintaining the positive short-term trend channel. With RSI at 72, 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. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support23,070
Resistance24,602
Moving Averages
21-day SMA23,746
50-day SMA23,829
100-day SMA24,114
200-day SMA24,871
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) — Trend accelerating upward
Momentum (RSI)
RSI is extremely high at 72.4 (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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend 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
24,176
Stop Loss
24,030
Take Profit
24,467
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 Bullish58,032
-0.00%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (73.1)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 56,783 continues to act as dynamic support — price remains above it, reinforcing upside bias. Momentum oscillator at 73 enters overbought territory — the tape is stretched and vulnerable to profit-taking. MACD confirms the directional momentum: histogram above zero and widening. The impulse leg has room to extend. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support52,783
Resistance58,706
Moving Averages
21-day SMA56,660
50-day SMA55,591
100-day SMA56,344
200-day SMA57,178
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 73.1 (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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 58,706 |
| 23.6% | 57,308 |
| 38.2% | 56,444 |
| 50.0% | 55,745 |
| 61.8% | 55,046 |
| 78.6% | 54,051 |
| Low (100.0%) | 52,783 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 59,476 |
| Ext 1.272 (Up) | 60,317 |
| Ext 1.618 (Up) | 62,366 |
| Ext 1.13 (Dn) | 52,014 |
| Ext 1.272 (Dn) | 51,172 |
| Ext 1.618 (Dn) | 49,123 |
Trade Setup
Entry
58,032
Stop Loss
57,614
Take Profit
58,868
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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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.