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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
11.7% Very Low
NIFTY 50
Strong Bullish24,435.95
-0.15%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (68.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (24,306), the short-term trend channel favours continuation higher. Momentum is overheated at 68. While trend can override oscillators, the statistical edge for fresh longs is diminished. MACD histogram remains in positive territory, underpinning the current directional move. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support23,070.15
Resistance24,774.30
Moving Averages
21-day SMA24,294.73
50-day SMA24,045.31
100-day SMA23,867.04
200-day SMA24,750.50
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 68.4 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
24,435.95
Stop Loss
24,317.99
Take Profit
24,671.87
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
Strong Bullish57,885.85
+0.77%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (65.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 57,524, preserving the near-term bullish structure. The oscillator at 65 reflects sustained buying interest — bulls control the momentum channel. The moving-average convergence divergence oscillator supports the bull case — histogram expanding above the zero line. 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 SMA57,535.21
50-day SMA57,203.15
100-day SMA55,831.59
200-day SMA57,476.37
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 65.0 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 spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Confluence
V-Shape Recovery / Double Bottom Formation
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
57,885.85
Stop Loss
57,547.23
Take Profit
58,563.10
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
Market Search Previews
Key Takeaway
Analyze NIFTY max pain levels against OI concentration zones — strike-level positioning reveals dealer hedging pressure.
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