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Shunya.Trade Options Engine

India Market Pre-Market Analysis

July 22, 202608:45 AM LocalReal-Time Market Data
NIFTY 50
24,188
-0.21%
BANK NIFTY
57,835
-0.19%
Volatility Index — India VIX
12.6% Low
NIFTY 50
Strong Bullish
24,188
-0.21%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (54.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 24,111 continues to act as dynamic support — price remains above it, reinforcing upside bias. RSI at 55 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. MACD histogram turns negative, adding weight to the bearish thesis. Quantitative screening across 31 structures identifies Long Call (76%) as today's top-ranked setup.
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
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
LevelPrice
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
ExtensionPrice
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
Bullish
57,835
-0.19%
Intraday
Bearish
Daily
Bullish
Weekly
Bullish
Monthly
Bullish
RSI (48.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Trading above the 20-day SMA (57,828), the asset maintains its bullish price structure — dip-buying remains the high-probability play. Momentum at 48 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. Our 31-strategy scoring model ranks Calendar Spread as the highest-conviction play at 69%.
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
LevelPrice
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
ExtensionPrice
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
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
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⚠ 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.