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Shunya.Trade Options Engine

India Market Pre-Market Analysis

August 06, 202608:45 AM LocalReal-Time Market Data
NIFTY 50
24,625
+0.04%
BANK NIFTY
57,740
-0.29%
Volatility Index — India VIX
12.1% Low
NIFTY 50
Strong Bullish
24,625
+0.04%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (63.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 24,196 continues to act as dynamic support — price remains above it, reinforcing upside bias. Momentum at 64 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. Across the full 31-strategy universe, Long Call captures the highest score at 80%. Alignment across trend, momentum, and vol regime drives the ranking.
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
LevelPrice
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
ExtensionPrice
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 Bullish
57,740
-0.29%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (51.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term structure remains constructive with price trading above the 20-day SMA (57,515). The oscillator at 51 reflects sustained buying interest — bulls control the momentum channel. MACD histogram remains in positive territory, underpinning the current directional move. The scoring engine flags Long Call with a 84% conviction score — the strongest signal in today's scan.
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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
V-Shape Recovery / Double Bottom Formation
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
57,740
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
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.