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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
11.4% Very Low
NIFTY 50
Strong Bullish24,395.85
-0.16%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (71.3)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (24,322), maintaining the positive short-term trend channel. The 71 RSI print warns of stretched momentum. Consider scaling out of directional longs or hedging with defined-risk structures. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. 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 SMA24,309.84
50-day SMA24,065.11
100-day SMA23,875.18
200-day SMA24,743.26
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 71.3 (Overbought), indicating price is extended and a pullback is likely.
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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
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
24,395.85
Stop Loss
24,283.84
Take Profit
24,619.87
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call67%
Buy OTM Call
Call Ratio Backspread67%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread64%
Buy Call + Sell higher Call
BANK NIFTY
Strong Bullish57,635.25
-0.43%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bearish
Monthly
Bullish
RSI (60.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (57,527), maintaining the positive short-term trend channel. Momentum holds constructive at 61 — firmly in bullish territory with room to run before the tape gets stretched. MACD histogram turns negative, adding weight to the bearish thesis. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support53,829.40
Resistance58,706.05
Moving Averages
21-day SMA57,529.37
50-day SMA57,272.13
100-day SMA55,859.18
200-day SMA57,474.38
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 60.5 confirms strong buying momentum, with room to run before becoming extremely overbought.
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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
Consolidation / Range-bound Structure
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 58,706.05 |
| 23.6% | 57,555.16 |
| 38.2% | 56,843.17 |
| 50.0% | 56,267.72 |
| 61.8% | 55,692.28 |
| 78.6% | 54,873.00 |
| Low (100.0%) | 53,829.40 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 59,340.02 |
| Ext 1.272 (Up) | 60,032.50 |
| Ext 1.618 (Up) | 61,719.82 |
| Ext 1.13 (Dn) | 53,195.43 |
| Ext 1.272 (Dn) | 52,502.95 |
| Ext 1.618 (Dn) | 50,815.63 |
Trade Setup
Entry
57,635.25
Stop Loss
57,316.80
Take Profit
58,272.16
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call67%
Buy OTM Call
Call Ratio Backspread67%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread64%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Cross-reference India VIX term structure with OTM skew to gauge institutional risk appetite before deploying directional trades.
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