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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
11.8% Very Low
NIFTY 50
Strong Bullish24,271
+0.39%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (67.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 23,806 holds as support, keeping the 20-day trend channel intact for now. At 67 on the RSI, the asset is technically overbought. Momentum can sustain here, but the probability of a corrective pause rises. MACD histogram remains in positive territory, underpinning the current directional move. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support23,070
Resistance24,516
Moving Averages
21-day SMA23,787
50-day SMA23,823
100-day SMA24,100
200-day SMA24,869
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) — Trend accelerating upward
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
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%) | 24,516 |
| 23.6% | 24,175 |
| 38.2% | 23,964 |
| 50.0% | 23,793 |
| 61.8% | 23,622 |
| 78.6% | 23,380 |
| Low (100.0%) | 23,070 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 24,704 |
| Ext 1.272 (Up) | 24,909 |
| Ext 1.618 (Up) | 25,409 |
| Ext 1.13 (Dn) | 22,882 |
| Ext 1.272 (Dn) | 22,677 |
| Ext 1.618 (Dn) | 22,177 |
Trade Setup
Entry
24,271
Stop Loss
24,137
Take Profit
24,538
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 Bullish57,938
-0.16%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (62.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 56,965 holds as support, keeping the 20-day trend channel intact for now. RSI at 62 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. 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 SMA56,838
50-day SMA55,603
100-day SMA56,323
200-day SMA57,197
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 62.1 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
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
57,938
Stop Loss
57,570
Take Profit
58,676
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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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.