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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
12.2% Low
NIFTY 50
Strong Bullish24,584
+0.05%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (61.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 24,267, preserving the near-term bullish structure. The 62 RSI reading is comfortably above the midline — momentum aligns with the directional thesis. MACD histogram prints positive, confirming the bullish impulse leg is intact. Strategy selection converges on Long Call (77%) — the quantitative factors align across direction, momentum, and implied volatility.
Support / Resistance
Support23,070
Resistance24,774
Moving Averages
21-day SMA24,264
50-day SMA24,004
100-day SMA23,844
200-day SMA24,762
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 61.6 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
24,584
Stop Loss
24,464
Take Profit
24,824
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call77%
Buy OTM Call
Call Ratio Backspread77%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread74%
Buy Call + Sell higher Call
BANK NIFTY
Bullish57,687
-0.10%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bullish
RSI (48.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Trading above the 20-day SMA (57,518), the asset maintains its bullish price structure — dip-buying remains the high-probability play. RSI at 48 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. Our 31-strategy scoring model ranks Long Call as the highest-conviction play at 73%.
Support / Resistance
Support53,027
Resistance58,706
Moving Averages
21-day SMA57,548
50-day SMA57,044
100-day SMA55,760
200-day SMA57,475
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 48.5 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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
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
57,687
Stop Loss
57,329
Take Profit
58,403
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
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
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Explore Shunya.Trade →⚠ 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.