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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
12.2% Low
NIFTY 50
Strong Bullish24,571
-0.27%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (59.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 24,248 continues to act as dynamic support — price remains above it, reinforcing upside bias. Momentum at 60 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. Quantitative screening across 31 structures identifies Long Call (84%) as today's top-ranked setup.
Support / Resistance
Support23,070
Resistance24,774
Moving Averages
21-day SMA24,246
50-day SMA23,984
100-day SMA23,834
200-day SMA24,766
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 59.5 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
| 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
24,571
Stop Loss
24,450
Take Profit
24,813
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
BANK NIFTY
Bullish57,746
-0.55%
Intraday
Bearish
Daily
Bullish
Weekly
Bullish
Monthly
Bullish
RSI (48.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (57,541), maintaining the positive short-term trend channel. RSI at 48 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. MACD confirms the directional momentum: histogram above zero and widening. The impulse leg has room to extend. The structured approach identifies Long Call at 73% as the highest-probability play. Risk/reward and regime fit both favour this setup.
Support / Resistance
Support53,027
Resistance58,706
Moving Averages
21-day SMA57,565
50-day SMA56,975
100-day SMA55,734
200-day SMA57,471
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 48.0 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 spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Confluence
Consolidation / Range-bound Structure
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
57,746
Stop Loss
57,391
Take Profit
58,457
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call73%
Buy OTM Call
Call Ratio Backspread73%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread70%
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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