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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
The short-term moving average at 24,306 holds as support, keeping the 20-day trend channel intact for now. At 68 on the RSI, the asset is technically overbought. Momentum can sustain here, but the probability of a corrective pause rises. The moving-average convergence divergence oscillator supports the bull case — histogram expanding above the zero line. Quantitative screening across 31 structures identifies Long Call (75%) as today's top-ranked setup.
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
Buyers defend the 20-day SMA at 57,524 — the near-term trend structure remains intact. Momentum at 65 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution. Momentum confirmation from MACD — the signal line crossover is bullish and the histogram continues to expand. The scoring engine flags Long Call with a 80% conviction score — the strongest signal in today's scan.
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
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%) | 58,706.05 |
| 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
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
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