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Shunya.Trade Options Engine

India Market Post-Market Review

July 29, 202603:45 PM LocalReal-Time Market Data
NIFTY 50
24,250
+1.06%
BANK NIFTY
57,206
+0.21%
Volatility Index — India VIX
12.0% Low
NIFTY 50
Strong Bullish
24,250
+1.06%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (46.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 24,124 continues to act as dynamic support — price remains above it, reinforcing upside bias. RSI at 47 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. 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 SMA24,116
50-day SMA23,866
100-day SMA23,851
200-day SMA24,797
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 46.5 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
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
24,250
Stop Loss
24,106
Take Profit
24,539
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
Bearish
57,206
+0.21%
Intraday
Bearish
Daily
Bearish
Weekly
Bullish
Monthly
Bullish
RSI (43.3)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term weakness is evident with price trading below the 20-day SMA (57,666). With RSI at 43, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. MACD histogram turns negative, adding weight to the bearish thesis. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support52,783
Resistance58,706
Moving Averages
21-day SMA57,669
50-day SMA56,362
100-day SMA55,817
200-day SMA57,409
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 43.3 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
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
57,206
Stop Loss
57,692
Take Profit
56,234
Risk / Reward
2.0
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
Cross-reference India VIX term structure with OTM skew to gauge institutional risk appetite before deploying directional trades.
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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.