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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
11.4% Very Low
NIFTY 50
Bearish24,154.90
-0.87%
Intraday
Bearish
Daily
Bearish
Weekly
Bearish
Monthly
Bearish
RSI (55.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 24,319 now acts as overhead resistance — bears have reclaimed near-term control. With RSI at 56, 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. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support23,070.15
Resistance24,774.30
Moving Averages
21-day SMA24,315.26
50-day SMA24,099.87
100-day SMA23,892.59
200-day SMA24,727.06
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 55.7 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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
Inverted V-Shape / Double Top Formation
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
24,154.90
Stop Loss
24,266.43
Take Profit
23,931.84
Risk / Reward
2.0
Sell
Top Options Strategies
Long Put67%
Buy OTM Put
Calendar Spread67%
Sell near-term + Buy far-term (same strike)
Put Ratio Backspread67%
Sell 1 higher Put + Buy 2 lower Puts
BANK NIFTY
Bearish57,262.40
-0.40%
Intraday
Bearish
Daily
Bearish
Weekly
Bearish
Monthly
Bullish
RSI (56.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Loss of the 20-day SMA (57,441) flips the near-term structure bearish — the moving average now acts as a ceiling rather than a floor. Momentum at 56 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support53,843.30
Resistance58,706.05
Moving Averages
21-day SMA57,465.08
50-day SMA57,391.12
100-day SMA55,918.95
200-day SMA57,467.72
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 56.1 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
57,262.40
Stop Loss
57,564.43
Take Profit
56,658.34
Risk / Reward
2.0
Sell
Top Options Strategies
Long Put76%
Buy OTM Put
Put Ratio Backspread76%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread73%
Buy Put + Sell lower 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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