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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
13.3% Low
NIFTY 50
Neutral24,078
+0.11%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (51.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price beneath the 20-day moving average (24,088), the burden of proof shifts to the bulls. Rallies into the SMA are selling opportunities until reclaimed. The oscillator at 52 reflects sustained buying interest — bulls control the momentum channel. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,083
50-day SMA23,831
100-day SMA23,971
200-day SMA24,830
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.5 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
Inverted V-Shape / Double Top Formation
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
24,078
Stop Loss
23,959
Take Profit
24,318
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread74%
Sell near-term + Buy far-term (same strike)
Long Strangle63%
Buy OTM Call + Buy OTM Put
Long Straddle63%
Buy ATM Call + Buy ATM Put
BANK NIFTY
Bullish57,758
+0.51%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bullish
RSI (46.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 57,792 now acts as overhead resistance — bears have reclaimed near-term control. RSI at 46 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. 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 SMA57,768
50-day SMA55,914
100-day SMA56,107
200-day SMA57,309
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 46.4 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
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
57,758
Stop Loss
57,322
Take Profit
58,630
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call69%
Buy OTM Call
Call Ratio Backspread69%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread66%
Buy Call + Sell higher Call
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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.