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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
12.9% Low
NIFTY 50
Neutral24,073
-0.02%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (50.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (24,087), shifting short-term structure to defensive. RSI at 50 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. 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 SMA24,087
50-day SMA23,831
100-day SMA23,954
200-day SMA24,824
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 50.5 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
24,073
Stop Loss
23,957
Take Profit
24,305
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread88%
Sell near-term + Buy far-term (same strike)
Iron Condor66%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread66%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
BANK NIFTY
Neutral57,582
-0.30%
Intraday
Bullish
Daily
Neutral
Weekly
Bullish
Monthly
Bullish
RSI (44.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 57,792 now acts as overhead resistance — bears have reclaimed near-term control. Momentum at 45 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. MACD histogram negative and deepening — the momentum profile reinforces the short-side thesis. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support52,783
Resistance58,706
Moving Averages
21-day SMA57,782
50-day SMA55,975
100-day SMA56,074
200-day SMA57,320
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 44.7 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
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
Lower Highs and Lower Lows (Downtrend 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
57,582
Stop Loss
57,222
Take Profit
58,303
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread88%
Sell near-term + Buy far-term (same strike)
Iron Condor66%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread66%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Market Search Previews
Key Takeaway
Cross-reference India VIX term structure with OTM skew to gauge institutional risk appetite before deploying directional trades.
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