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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
13.3% Low
NIFTY 50
Strong Bullish24,211
+0.02%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (52.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (24,074), maintaining the positive short-term trend channel. RSI at 53 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. On the MACD front, the histogram is positive and the fast line sits above the signal line — textbook bullish configuration. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,052
50-day SMA23,830
100-day SMA24,002
200-day SMA24,843
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 52.5 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
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
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%) | 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
24,211
Stop Loss
24,056
Take Profit
24,520
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call84%
Buy OTM Call
Call Ratio Backspread84%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread81%
Buy Call + Sell higher Call
BANK NIFTY
Strong Bullish58,131
+0.15%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (51.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 57,756, preserving the near-term bullish structure. The 52 RSI reading is comfortably above the midline — momentum aligns with the directional thesis. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support52,783
Resistance58,706
Moving Averages
21-day SMA57,711
50-day SMA55,804
100-day SMA56,165
200-day SMA57,289
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.6 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
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
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
58,131
Stop Loss
57,672
Take Profit
59,050
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call76%
Buy OTM Call
Call Ratio Backspread76%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread73%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Analyze NIFTY max pain levels against OI concentration zones — strike-level positioning reveals dealer hedging pressure.
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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.