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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
14.0% Low
NIFTY 50
Strong Bearish23,767
-0.43%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (32.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Beneath the 20-day moving average (24,098), the tape is in distribution mode. Sellers control the structure. At 33, the momentum gauge is deeply oversold. Mean-reversion setups become statistically attractive, though confirmation is key. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,096
50-day SMA23,850
100-day SMA23,861
200-day SMA24,797
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 32.5 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
23,767
Stop Loss
23,913
Take Profit
23,477
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put80%
Buy OTM Put
Put Ratio Backspread80%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread77%
Buy Put + Sell lower Put
BANK NIFTY
Strong Bearish56,694
+0.18%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bullish
Monthly
Bearish
RSI (38.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term weakness is evident with price trading below the 20-day SMA (57,673). The 39 RSI keeps the momentum profile in bear territory. Rallies are selling opportunities until the 50-line is recaptured. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support52,783
Resistance58,706
Moving Averages
21-day SMA57,697
50-day SMA56,293
100-day SMA55,851
200-day SMA57,394
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 38.7 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%) | 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
56,694
Stop Loss
57,187
Take Profit
55,707
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put69%
Buy OTM Put
Put Ratio Backspread69%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread66%
Buy Put + Sell lower Put
Market Search Previews
Key Takeaway
Analyze NIFTY max pain levels against OI concentration zones — strike-level positioning reveals dealer hedging pressure.
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