📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
14.7% Low
NIFTY 50
Neutral23,882
-2.12%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (45.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price beneath the 20-day moving average (23,954), the burden of proof shifts to the bulls. Rallies into the SMA are selling opportunities until reclaimed. RSI at 45 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. MACD histogram prints positive, confirming the bullish impulse leg is intact. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA23,921
50-day SMA23,828
100-day SMA24,056
200-day SMA24,858
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 45.2 is well within the neutral zone, showing balanced momentum without extreme conditions.
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
Consolidation / Range-bound Structure
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 24,531 |
| 23.6% | 24,186 |
| 38.2% | 23,973 |
| 50.0% | 23,801 |
| 61.8% | 23,628 |
| 78.6% | 23,383 |
| Low (100.0%) | 23,070 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 24,721 |
| Ext 1.272 (Up) | 24,928 |
| Ext 1.618 (Up) | 25,434 |
| Ext 1.13 (Dn) | 22,880 |
| Ext 1.272 (Dn) | 22,673 |
| Ext 1.618 (Dn) | 22,167 |
Trade Setup
Entry
23,882
Stop Loss
23,760
Take Profit
24,125
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread75%
Sell near-term + Buy far-term (same strike)
Iron Condor59%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread59%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
BANK NIFTY
Neutral56,743
-2.51%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (42.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The break below the 20-day SMA at 57,439 opens the door to further downside probing. The 43 RSI keeps the momentum profile in bear territory. Rallies are selling opportunities until the 50-line is recaptured. On the MACD, the fast line has crossed below the signal line with a negative histogram — confirming the bearish momentum shift. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support52,783
Resistance58,706
Moving Averages
21-day SMA57,332
50-day SMA55,677
100-day SMA56,251
200-day SMA57,246
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 42.7 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
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
Consolidation / Range-bound 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
56,743
Stop Loss
56,402
Take Profit
57,423
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread73%
Sell near-term + Buy far-term (same strike)
Iron Condor57%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread57%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Market Search Previews
Key Takeaway
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
Free Daily Analysis
Get Pre-Market & Post-Market Setups Every Day
Options Engine signals for NIFTY, S&P 500, DAX, Forex & 10+ global markets — completely free.
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.