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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
11.9% Very Low
NIFTY 50
Strong Bullish24,471.70
-0.46%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (64.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term structure remains constructive with price trading above the 20-day SMA (24,288). The oscillator at 65 reflects sustained buying interest — bulls control the momentum channel. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support23,070.15
Resistance24,774.30
Moving Averages
21-day SMA24,276.45
50-day SMA24,026.26
100-day SMA23,856.77
200-day SMA24,756.86
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 64.6 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
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 24,774.30 |
| 23.6% | 24,372.12 |
| 38.2% | 24,123.32 |
| 50.0% | 23,922.23 |
| 61.8% | 23,721.14 |
| 78.6% | 23,434.84 |
| Low (100.0%) | 23,070.15 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 24,995.84 |
| Ext 1.272 (Up) | 25,237.83 |
| Ext 1.618 (Up) | 25,827.47 |
| Ext 1.13 (Dn) | 22,848.61 |
| Ext 1.272 (Dn) | 22,606.62 |
| Ext 1.618 (Dn) | 22,016.99 |
Trade Setup
Entry
24,471.70
Stop Loss
24,354.53
Take Profit
24,706.05
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call75%
Buy OTM Call
Call Ratio Backspread75%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread72%
Buy Call + Sell higher Call
BANK NIFTY
Neutral57,446.25
-0.42%
Intraday
Bullish
Daily
Neutral
Weekly
Bearish
Monthly
Bullish
RSI (53.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price beneath the 20-day moving average (57,518), the burden of proof shifts to the bulls. Rallies into the SMA are selling opportunities until reclaimed. Momentum holds constructive at 54 — firmly in bullish territory with room to run before the tape gets stretched. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support53,027.15
Resistance58,706.05
Moving Averages
21-day SMA57,515.04
50-day SMA57,119.72
100-day SMA55,796.87
200-day SMA57,475.51
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 53.6 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
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%) | 58,706.05 |
| 23.6% | 57,365.83 |
| 38.2% | 56,536.71 |
| 50.0% | 55,866.60 |
| 61.8% | 55,196.49 |
| 78.6% | 54,242.43 |
| Low (100.0%) | 53,027.15 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 59,444.31 |
| Ext 1.272 (Up) | 60,250.71 |
| Ext 1.618 (Up) | 62,215.61 |
| Ext 1.13 (Dn) | 52,288.89 |
| Ext 1.272 (Dn) | 51,482.49 |
| Ext 1.618 (Dn) | 49,517.59 |
Trade Setup
Entry
57,446.25
Stop Loss
57,159.77
Take Profit
58,019.21
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread77%
Sell near-term + Buy far-term (same strike)
Long Strangle66%
Buy OTM Call + Buy OTM Put
Long Straddle66%
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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