📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
11.3% Very Low
NIFTY 50
Strong Bullish24,366.00
-0.12%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (64.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 24,323, preserving the near-term bullish structure. RSI at 64 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. MACD histogram turns negative, adding weight to the bearish thesis. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support23,070.15
Resistance24,774.30
Moving Averages
21-day SMA24,323.80
50-day SMA24,084.10
100-day SMA23,881.07
200-day SMA24,735.75
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 64.5 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%) | 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
24,366.00
Stop Loss
24,259.81
Take Profit
24,578.39
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call74%
Buy OTM Call
Call Ratio Backspread74%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread71%
Buy Call + Sell higher Call
BANK NIFTY
Neutral57,491.10
-0.25%
Intraday
Bearish
Daily
Neutral
Weekly
Bearish
Monthly
Bullish
RSI (54.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (57,475), the short-term trend channel favours continuation higher. Momentum at 55 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution. MACD histogram turns negative, adding weight to the bearish thesis. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support53,843.30
Resistance58,706.05
Moving Averages
21-day SMA57,525.03
50-day SMA57,335.80
100-day SMA55,880.83
200-day SMA57,471.80
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 54.8 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
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 58,706.05 |
| 23.6% | 57,558.44 |
| 38.2% | 56,848.48 |
| 50.0% | 56,274.68 |
| 61.8% | 55,700.87 |
| 78.6% | 54,883.93 |
| Low (100.0%) | 53,843.30 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 59,338.21 |
| Ext 1.272 (Up) | 60,028.72 |
| Ext 1.618 (Up) | 61,711.23 |
| Ext 1.13 (Dn) | 53,211.14 |
| Ext 1.272 (Dn) | 52,520.63 |
| Ext 1.618 (Dn) | 50,838.12 |
Trade Setup
Entry
57,491.10
Stop Loss
57,237.71
Take Profit
57,997.89
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
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
Free Daily Analysis
Get Pre-Market & Post-Market Setups Every Day
Options Engine signals for NIFTY, S&P 500, DAX, Forex & 10+ global markets — completely free.
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.