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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
13.1% Low
NIFTY 50
Strong Bullish24,334
+1.09%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (59.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 24,096 continues to act as dynamic support — price remains above it, reinforcing upside bias. Momentum holds constructive at 60 — 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. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,099
50-day SMA23,831
100-day SMA23,941
200-day SMA24,819
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 59.8 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%) | 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
24,334
Stop Loss
24,191
Take Profit
24,622
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call83%
Buy OTM Call
Call Ratio Backspread83%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread80%
Buy Call + Sell higher Call
BANK NIFTY
Strong Bullish58,521
+1.63%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (56.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term structure remains constructive with price trading above the 20-day SMA (57,820). With RSI at 56, 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. 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 SMA57,827
50-day SMA56,025
100-day SMA56,047
200-day SMA57,336
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 56.5 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
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
58,521
Stop Loss
58,073
Take Profit
59,418
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
Cross-reference India VIX term structure with OTM skew to gauge institutional risk appetite before deploying directional trades.
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