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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
12.0% Low
NIFTY 50
Strong Bullish24,250
+1.10%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (58.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 24,118 holds as support, keeping the 20-day trend channel intact for now. Momentum holds constructive at 58 — firmly in bullish territory with room to run before the tape gets stretched. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. The scoring engine flags Long Call with a 79% conviction score — the strongest signal in today's scan.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,113
50-day SMA23,875
100-day SMA23,822
200-day SMA24,787
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 58.1 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
V-Shape Recovery / Double Bottom 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
24,250
Stop Loss
24,122
Take Profit
24,506
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call79%
Buy OTM Call
Call Ratio Backspread79%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread76%
Buy Call + Sell higher Call
BANK NIFTY
Bearish57,206
+0.79%
Intraday
Bearish
Daily
Bearish
Weekly
Bullish
Monthly
Bullish
RSI (49.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The break below the 20-day SMA at 57,560 opens the door to further downside probing. At 50, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. At 0.7x 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 SMA57,583
50-day SMA56,486
100-day SMA55,734
200-day SMA57,422
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 49.6 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% | 57,321 |
| 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
57,206
Stop Loss
57,646
Take Profit
56,325
Risk / Reward
2.0
Sell
Top Options Strategies
Long Put67%
Buy OTM Put
Put Ratio Backspread67%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread64%
Buy Put + Sell lower Put
Market Search Previews
Key Takeaway
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
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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.