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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
11.3% Very Low
NIFTY 50
Bearish24,078.30
-0.32%
Intraday
Bullish
Daily
Bearish
Weekly
Bearish
Monthly
Bearish
RSI (40.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 24,328 now acts as overhead resistance — bears have reclaimed near-term control. RSI at 40 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support23,072.05
Resistance24,774.30
Moving Averages
21-day SMA24,312.39
50-day SMA24,139.88
100-day SMA23,919.98
200-day SMA24,710.09
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.2 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
Consolidation / Range-bound Structure
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 24,774.30 |
| 23.6% | 24,372.57 |
| 38.2% | 24,124.04 |
| 50.0% | 23,923.18 |
| 61.8% | 23,722.31 |
| 78.6% | 23,436.33 |
| Low (100.0%) | 23,072.05 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 24,995.59 |
| Ext 1.272 (Up) | 25,237.31 |
| Ext 1.618 (Up) | 25,826.29 |
| Ext 1.13 (Dn) | 22,850.76 |
| Ext 1.272 (Dn) | 22,609.04 |
| Ext 1.618 (Dn) | 22,020.06 |
Trade Setup
Entry
24,078.30
Stop Loss
24,179.28
Take Profit
23,876.34
Risk / Reward
2.0
Sell
Top Options Strategies
Long Put72%
Buy OTM Put
Put Ratio Backspread72%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread69%
Buy Put + Sell lower Put
BANK NIFTY
Bearish57,239.75
-0.04%
Intraday
Bullish
Daily
Bearish
Weekly
Bearish
Monthly
Bullish
RSI (51.3)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 57,430 now acts as overhead resistance — bears have reclaimed near-term control. The oscillator at 51 reflects sustained buying interest — bulls control the momentum channel. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support54,753.15
Resistance58,706.05
Moving Averages
21-day SMA57,415.42
50-day SMA57,500.71
100-day SMA56,017.68
200-day SMA57,462.34
Moving Average Trends
Golden Cross identified (50-day crossed above 200-day) — Bullish major signal
Momentum (RSI)
RSI at 51.3 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
Consolidation / Range-bound Structure
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 58,706.05 |
| 23.6% | 57,773.17 |
| 38.2% | 57,196.04 |
| 50.0% | 56,729.60 |
| 61.8% | 56,263.16 |
| 78.6% | 55,599.07 |
| Low (100.0%) | 54,753.15 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 59,219.93 |
| Ext 1.272 (Up) | 59,781.24 |
| Ext 1.618 (Up) | 61,148.94 |
| Ext 1.13 (Dn) | 54,239.27 |
| Ext 1.272 (Dn) | 53,677.96 |
| Ext 1.618 (Dn) | 52,310.25 |
Trade Setup
Entry
57,239.75
Stop Loss
57,540.25
Take Profit
56,638.75
Risk / Reward
2.0
Sell
Top Options Strategies
Long Put79%
Buy OTM Put
Put Ratio Backspread79%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread76%
Buy Put + Sell lower Put
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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