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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
Buyers defend the 20-day SMA at 24,323 — the near-term trend structure remains intact. Momentum holds constructive at 64 — firmly in bullish territory with room to run before the tape gets stretched. MACD histogram turns negative, adding weight to the bearish thesis. Our 31-strategy scoring model ranks Long Call as the highest-conviction play at 74%.
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
Recent volume spikes on down-days warn of active distribution and seller dominance.
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
Price respects the 20-day average at 57,475 as a floor, offering a constructive base for directional longs. With RSI at 55, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. Low-conviction tape — volume at 0.6x average means the move lacks the sponsorship for sustained follow-through.
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.
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