📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
12.2% Low
NIFTY 50
Strong Bullish24,317
+0.28%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (53.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 24,125, preserving the near-term bullish structure. With RSI at 53, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. On the MACD, the fast line has crossed below the signal line with a negative histogram — confirming the bearish momentum shift. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,128
50-day SMA23,889
100-day SMA23,817
200-day SMA24,783
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 53.5 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
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
24,317
Stop Loss
24,194
Take Profit
24,564
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call86%
Buy OTM Call
Call Ratio Backspread86%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread83%
Buy Call + Sell higher Call
BANK NIFTY
Bearish57,148
-0.10%
Intraday
Bullish
Daily
Bearish
Weekly
Bullish
Monthly
Bullish
RSI (41.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 57,516 now acts as overhead resistance — bears have reclaimed near-term control. RSI at 42 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support52,836
Resistance58,706
Moving Averages
21-day SMA57,540
50-day SMA56,561
100-day SMA55,707
200-day SMA57,427
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 41.7 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% | 57,321 |
| 38.2% | 56,464 |
| 50.0% | 55,771 |
| 61.8% | 55,078 |
| 78.6% | 54,092 |
| Low (100.0%) | 52,836 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 59,469 |
| Ext 1.272 (Up) | 60,303 |
| Ext 1.618 (Up) | 62,334 |
| Ext 1.13 (Dn) | 52,073 |
| Ext 1.272 (Dn) | 51,239 |
| Ext 1.618 (Dn) | 49,208 |
Trade Setup
Entry
57,148
Stop Loss
57,565
Take Profit
56,312
Risk / Reward
2.0
Sell
Top Options Strategies
Long Put66%
Buy OTM Put
Put Ratio Backspread66%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread63%
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.
Free Daily Analysis
Get Pre-Market & Post-Market Setups Every Day
Options Engine signals for NIFTY, S&P 500, DAX, Forex & 10+ global markets — completely free.
Explore Shunya.Trade →⚠ 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.