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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
12.1% Low
NIFTY 50
Strong Bullish24,625
+0.04%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (63.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 24,196, preserving the near-term bullish structure. Momentum holds constructive at 64 — firmly in bullish territory with room to run before the tape gets stretched. MACD histogram prints positive, confirming the bullish impulse leg is intact. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support23,070
Resistance24,774
Moving Averages
21-day SMA24,181
50-day SMA23,956
100-day SMA23,823
200-day SMA24,772
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 63.6 confirms strong buying momentum, with room to run before becoming extremely overbought.
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
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Confluence
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 24,774 |
| 23.6% | 24,372 |
| 38.2% | 24,123 |
| 50.0% | 23,922 |
| 61.8% | 23,721 |
| 78.6% | 23,435 |
| Low (100.0%) | 23,070 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 24,996 |
| Ext 1.272 (Up) | 25,238 |
| Ext 1.618 (Up) | 25,827 |
| Ext 1.13 (Dn) | 22,849 |
| Ext 1.272 (Dn) | 22,607 |
| Ext 1.618 (Dn) | 22,017 |
Trade Setup
Entry
24,625
Stop Loss
24,491
Take Profit
24,893
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call80%
Buy OTM Call
Call Ratio Backspread80%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread77%
Buy Call + Sell higher Call
BANK NIFTY
Strong Bullish57,740
-0.29%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (51.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (57,515) remains unbroken on the downside — bulls retain structural control of the near-term tape. The oscillator at 51 reflects sustained buying interest — bulls control the momentum channel. MACD histogram remains in positive territory, underpinning the current directional move. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support53,027
Resistance58,706
Moving Averages
21-day SMA57,478
50-day SMA56,857
100-day SMA55,703
200-day SMA57,458
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.4 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
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Confluence
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
| Level | Price |
|---|---|
| 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
| Extension | Price |
|---|---|
| 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
57,740
Stop Loss
57,329
Take Profit
58,563
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call84%
Buy OTM Call
Call Ratio Backspread84%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread81%
Buy Call + Sell higher Call
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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