📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
Buyers defend the 20-day SMA at 24,074 — the near-term trend structure remains intact. Momentum holds constructive at 53 — firmly in bullish territory with room to run before the tape gets stretched. 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 (84%) as today's top-ranked setup.
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
Buyers defend the 20-day SMA at 57,756 — the near-term trend structure remains intact. Momentum holds constructive at 52 — firmly in bullish territory with room to run before the tape gets stretched. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. Low-conviction tape — volume at 0.7x 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
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
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.