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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
12.6% Low
NIFTY 50
Strong Bullish24,188
-0.21%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (54.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 24,111 holds as support, keeping the 20-day trend channel intact for now. Momentum holds constructive at 55 — firmly in bullish territory with room to run before the tape gets stretched. MACD histogram negative and deepening — the momentum profile reinforces the short-side thesis. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,111
50-day SMA23,830
100-day SMA23,912
200-day SMA24,810
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 54.8 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
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
24,188
Stop Loss
24,047
Take Profit
24,469
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
BANK NIFTY
Bullish57,835
-0.19%
Intraday
Bearish
Daily
Bullish
Weekly
Bullish
Monthly
Bullish
RSI (48.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 57,828 — the near-term trend structure remains intact. RSI at 48 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support52,783
Resistance58,706
Moving Averages
21-day SMA57,833
50-day SMA56,114
100-day SMA55,982
200-day SMA57,361
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 48.4 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
V-Shape Recovery / Double Bottom Formation
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
57,835
Stop Loss
57,378
Take Profit
58,750
Risk / Reward
2.0
Buy
Top Options Strategies
Calendar Spread69%
Sell near-term + Buy far-term (same strike)
Long Strangle64%
Buy OTM Call + Buy OTM Put
Long Straddle64%
Buy ATM Call + Buy ATM Put
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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