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Shunya.Trade Options Engine

India Market Pre-Market Analysis

August 04, 202608:45 AM LocalReal-Time Market Data
NIFTY 50
24,384
+0.27%
BANK NIFTY
57,265
+0.21%
Volatility Index — India VIX
11.8% Very Low
NIFTY 50
Strong Bullish
24,384
+0.27%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (55.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 24,131 holds as support, keeping the 20-day trend channel intact for now. With RSI at 55, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. MACD histogram prints positive, confirming the bullish impulse leg is intact. Quantitative screening across 31 structures identifies Long Call (96%) as today's top-ranked setup.
Support / Resistance
Support23,070
Resistance24,531
Moving Averages
21-day SMA24,138
50-day SMA23,904
100-day SMA23,816
200-day SMA24,779
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 55.2 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
Consolidation / Range-bound 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
24,384
Stop Loss
24,266
Take Profit
24,619
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call96%
Buy OTM Call
Call Ratio Backspread96%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread93%
Buy Call + Sell higher Call
BANK NIFTY
Bearish
57,265
+0.21%
Intraday
Bullish
Daily
Bearish
Weekly
Bullish
Monthly
Bullish
RSI (42.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day average at 57,482 has failed as support, transitioning into resistance. Price must reclaim it to neutralize the bearish signal. RSI at 42 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. On the MACD, the fast line has crossed below the signal line with a negative histogram — confirming the bearish momentum shift. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support53,027
Resistance58,706
Moving Averages
21-day SMA57,504
50-day SMA56,635
100-day SMA55,693
200-day SMA57,432
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 42.1 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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)58,706
23.6%57,366
38.2%56,537
50.0%55,867
61.8%55,196
78.6%54,242
Low (100.0%)53,027
Extensions
ExtensionPrice
Ext 1.13 (Up)59,444
Ext 1.272 (Up)60,251
Ext 1.618 (Up)62,216
Ext 1.13 (Dn)52,289
Ext 1.272 (Dn)51,482
Ext 1.618 (Dn)49,518
Trade Setup
Entry
57,265
Stop Loss
57,663
Take Profit
56,469
Risk / Reward
2.0
Sell
Top Options Strategies
Calendar Spread74%
Sell near-term + Buy far-term (same strike)
Long Strangle67%
Buy OTM Call + Buy OTM Put
Long Straddle67%
Buy ATM Call + Buy ATM 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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⚠ 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.