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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
12.6% Low
NIFTY 50
Neutral23,985
-0.04%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (39.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Beneath the 20-day moving average (24,111), the tape is in distribution mode. Sellers control the structure. At 39, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. MACD histogram turns negative, adding weight to the bearish 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 SMA24,103
50-day SMA23,861
100-day SMA23,849
200-day SMA24,795
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 39.1 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 / Confluence
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
23,985
Stop Loss
23,872
Take Profit
24,212
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread82%
Sell near-term + Buy far-term (same strike)
Long Strangle63%
Buy OTM Call + Buy OTM Put
Long Straddle63%
Buy ATM Call + Buy ATM Put
BANK NIFTY
Strong Bearish56,756
-0.58%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (40.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price beneath the 20-day moving average (57,644), the burden of proof shifts to the bulls. Rallies into the SMA are selling opportunities until reclaimed. With RSI at 41, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support52,783
Resistance58,706
Moving Averages
21-day SMA57,648
50-day SMA56,353
100-day SMA55,813
200-day SMA57,407
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.6 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 spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Confluence
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
56,756
Stop Loss
57,243
Take Profit
55,780
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put75%
Buy OTM Put
Put Ratio Backspread75%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread72%
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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