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Shunya.Trade Options Engine

India Market Pre-Market Analysis

August 07, 202608:45 AM LocalReal-Time Market Data
NIFTY 50
24,636
+0.05%
BANK NIFTY
58,064
+0.56%
Volatility Index — India VIX
12.2% Low
NIFTY 50
Strong Bullish
24,636
+0.05%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (58.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 24,230 — the near-term trend structure remains intact. Momentum holds constructive at 58 — firmly in bullish territory with room to run before the tape gets stretched. MACD histogram prints positive, confirming the bullish impulse leg is intact. The structured approach identifies Long Call at 87% as the highest-probability play. Risk/reward and regime fit both favour this setup.
Support / Resistance
Support23,070
Resistance24,774
Moving Averages
21-day SMA24,217
50-day SMA23,970
100-day SMA23,827
200-day SMA24,769
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 58.5 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
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
24,636
Stop Loss
24,511
Take Profit
24,885
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call87%
Buy OTM Call
Call Ratio Backspread87%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread84%
Buy Call + Sell higher Call
BANK NIFTY
Strong Bullish
58,064
+0.56%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (45.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (57,556), the short-term trend channel favours continuation higher. The 46 RSI keeps the momentum profile in bear territory. Rallies are selling opportunities until the 50-line is recaptured. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. The scoring engine flags Long Call with a 87% conviction score — the strongest signal in today's scan.
Support / Resistance
Support53,027
Resistance58,706
Moving Averages
21-day SMA57,541
50-day SMA56,917
100-day SMA55,714
200-day SMA57,465
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 45.6 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
58,064
Stop Loss
57,682
Take Profit
58,827
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call87%
Buy OTM Call
Call Ratio Backspread87%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread84%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
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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.