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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
Loss of the 20-day SMA (24,088) flips the near-term structure bearish — the moving average now acts as a ceiling rather than a floor. With RSI at 52, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. Strategy selection converges on Calendar Spread (74%) — the quantitative factors align across direction, momentum, and implied volatility.
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
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
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 average at 57,792 has failed as support, transitioning into resistance. Price must reclaim it to neutralize the bearish signal. With RSI at 46, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Across the full 31-strategy universe, Long Call captures the highest score at 69%. Alignment across trend, momentum, and vol regime drives the ranking.
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
Market Search Previews
Key Takeaway
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
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