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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
13.5% Low
NIFTY 50
Neutral23,870
-0.53%
Intraday
Bullish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (39.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 24,112 now acts as overhead resistance — bears have reclaimed near-term control. RSI at 40 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. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,108
50-day SMA23,843
100-day SMA23,878
200-day SMA24,802
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 39.7 confirms strong selling momentum, though nearing oversold territory.
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 spikes on down-days warn of active distribution and seller dominance.
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
23,870
Stop Loss
23,751
Take Profit
24,106
Risk / Reward
2.0
Neutral
Top Options Strategies
Long Strangle63%
Buy OTM Call + Buy OTM Put
Long Straddle63%
Buy ATM Call + Buy ATM Put
Calendar Spread59%
Sell near-term + Buy far-term (same strike)
BANK NIFTY
Bearish56,592
-0.94%
Intraday
Bullish
Daily
Bearish
Weekly
Bearish
Monthly
Bearish
RSI (40.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 57,747 now acts as overhead resistance — bears have reclaimed near-term control. At 41, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. On the MACD, the fast line has crossed below the signal line with a negative histogram — confirming the bearish momentum shift. 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 SMA57,766
50-day SMA56,228
100-day SMA55,895
200-day SMA57,383
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.8 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
Price crashed below the lower Bollinger Band, indicating panic selling or extreme bearishness.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
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
56,592
Stop Loss
57,074
Take Profit
55,629
Risk / Reward
2.0
Sell
Top Options Strategies
Long Strangle65%
Buy OTM Call + Buy OTM Put
Long Straddle65%
Buy ATM Call + Buy ATM Put
Calendar Spread64%
Sell near-term + Buy far-term (same strike)
Market Search Previews
Key Takeaway
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
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