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Shunya.Trade Options Engine
India Market Post-Market Review
Volatility Index — India VIX
10.8% Very Low
NIFTY 50
Neutral24,231.85
+0.64%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
RSI (44.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day average at 24,346 has failed as support, transitioning into resistance. Price must reclaim it to neutralize the bearish signal. RSI at 44 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support23,072.05
Resistance24,774.30
Moving Averages
21-day SMA24,323.61
50-day SMA24,160.22
100-day SMA23,933.18
200-day SMA24,701.57
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 44.2 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
24,231.85
Stop Loss
24,145.66
Take Profit
24,404.24
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread70%
Sell near-term + Buy far-term (same strike)
Long Strangle65%
Buy OTM Call + Buy OTM Put
Long Straddle65%
Buy ATM Call + Buy ATM Put
BANK NIFTY
Neutral57,495.90
+0.45%
Intraday
Bearish
Daily
Neutral
Weekly
Bearish
Monthly
Bullish
RSI (53.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (57,475), maintaining the positive short-term trend channel. Momentum at 53 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support54,753.15
Resistance58,706.05
Moving Averages
21-day SMA57,433.00
50-day SMA57,548.62
100-day SMA56,066.58
200-day SMA57,458.75
Moving Average Trends
Golden Cross identified (50-day crossed above 200-day) — Bullish major signal
Momentum (RSI)
RSI at 53.1 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%) | 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
57,495.90
Stop Loss
57,238.64
Take Profit
58,010.42
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread91%
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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