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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
With price anchored above the 20-day moving average (23,763), the short-term trend channel favours continuation higher. The momentum gauge prints 72 — historically, readings above 65 precede short-term retracements in this name. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. The structured approach identifies Long Call at 77% as the highest-probability play. Risk/reward and regime fit both favour this setup.
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. The 73 RSI print warns of stretched momentum. Consider scaling out of directional longs or hedging with defined-risk structures. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. Quantitative screening across 31 structures identifies Long Call (77%) as today's top-ranked setup.
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
Recent volume spikes on down-days warn of active distribution and seller dominance.
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
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.