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Shunya.Trade Options Engine
India Market Pre-Market Analysis
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
Sellers have pushed through the 20-day average (24,328), signaling a deterioration in near-term structure. With RSI at 40, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Long Put leads the strategy table at 72% — directional bias and vol regime both align.
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
Price has broken below the 20-day SMA (57,430), shifting short-term structure to defensive. Momentum at 51 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. Strategy selection converges on Long Put (79%) — the quantitative factors align across direction, momentum, and implied volatility.
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
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
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