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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
12.7% Low
NIFTY 50
Bearish23,996
+0.53%
Intraday
Bearish
Daily
Bearish
Weekly
Bullish
Monthly
Bearish
RSI (38.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The break below the 20-day SMA at 24,109 opens the door to further downside probing. Momentum at 39 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. The model's top pick is Long Strangle (63%) — the optimal structure given current trend, momentum, and volatility readings.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,107
50-day SMA23,855
100-day SMA23,864
200-day SMA24,799
Moving Average Trends
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 / 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
23,996
Stop Loss
24,136
Take Profit
23,716
Risk / Reward
2.0
Sell
Top Options Strategies
Long Strangle63%
Buy OTM Call + Buy OTM Put
Long Straddle63%
Buy ATM Call + Buy ATM Put
Long Put57%
Buy OTM Put
BANK NIFTY
Strong Bearish57,087
+0.88%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bullish
Monthly
Bearish
RSI (41.9)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Sellers have pushed through the 20-day average (57,692), signaling a deterioration in near-term structure. With RSI at 42, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. MACD histogram negative and deepening — the momentum profile reinforces the short-side thesis. Volume surges to 1.3x the 20-day mean — the tape is moving with purpose and broad participation.
Support / Resistance
Support52,783
Resistance58,706
Moving Averages
21-day SMA57,715
50-day SMA56,301
100-day SMA55,855
200-day SMA57,396
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 41.9 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
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
57,087
Stop Loss
57,577
Take Profit
56,107
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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