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Shunya.Trade Options Engine
India Market Pre-Market Analysis
Volatility Index — India VIX
11.4% Very Low
NIFTY 50
Bearish24,154.90
-0.55%
Intraday
Bearish
Daily
Bearish
Weekly
Bearish
Monthly
Bearish
RSI (46.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 24,324 now acts as overhead resistance — bears have reclaimed near-term control. The 46 reading on the momentum gauge signals persistent softness. Sellers maintain the edge until a reclaim of the 50-line. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. The model's top pick is Long Put (67%) — the optimal structure given current trend, momentum, and volatility readings.
Support / Resistance
Support23,072.05
Resistance24,774.30
Moving Averages
21-day SMA24,317.60
50-day SMA24,123.16
100-day SMA23,904.32
200-day SMA24,719.53
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 46.1 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
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
24,154.90
Stop Loss
24,256.25
Take Profit
23,952.19
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
-0.41%
Intraday
Bearish
Daily
Bearish
Weekly
Bearish
Monthly
Bullish
RSI (50.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day average at 57,424 has failed as support, transitioning into resistance. Price must reclaim it to neutralize the bearish signal. With RSI at 51, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Volume is running cold at 0.6x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support54,242.30
Resistance58,706.05
Moving Averages
21-day SMA57,443.79
50-day SMA57,459.80
100-day SMA55,959.66
200-day SMA57,466.71
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 50.8 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
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%) | 58,706.05 |
| 23.6% | 57,652.61 |
| 38.2% | 57,000.90 |
| 50.0% | 56,474.18 |
| 61.8% | 55,947.45 |
| 78.6% | 55,197.54 |
| Low (100.0%) | 54,242.30 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 59,286.34 |
| Ext 1.272 (Up) | 59,920.19 |
| Ext 1.618 (Up) | 61,464.65 |
| Ext 1.13 (Dn) | 53,662.01 |
| Ext 1.272 (Dn) | 53,028.16 |
| Ext 1.618 (Dn) | 51,483.70 |
Trade Setup
Entry
57,262.40
Stop Loss
57,567.74
Take Profit
56,651.71
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
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
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