Shunya.Trade Market Research Desk — India Post-Market Review

Post-Market Session Audit: SENSEX (+1.6%) Leads the Tape as NIFTY Settles at 23,810.85 (+1.58%)

November 03, 202603:45 PM LocalInstitutional Order Flow & SMC Research
NIFTY 50
23,810.85
+1.58%
BANK NIFTY
55,540.05
+0.98%
SENSEX
76,917.85
+1.62%
INDIAVIX
15.72
+1.44%
Research Desk Post-Market Follow-Up — India Session Audit

End-of-day analysis confirms constructive bullish sentiment across the Indian index complex. Scorecard below. Following up on our morning pre-market levels, today's tape resolved with 4 assets defending bullish structure and 0 remaining under seller control. NIFTY settled at 23,810.85 (+1.58%), with SENSEX (+1.62%) leading relative strength and BANKNIFTY (+0.98%) absorbing the heaviest session distribution.

What Carried Through & What Changes for Tomorrow: Today's price action respected the outer Order Block boundaries on the majority of tracked setups, with NIFTY, BANKNIFTY, SENSEX holding above structural demand while BANKNIFTY faced rejection near overhead supply. Going into the next session, watch the updated 50% Equilibrium pivots and Fair Value Gap (FVG) imbalances below — those levels define whether today's close transitions into trend continuation or a liquidity sweep reversal.

Volatility Index — India VIX
15.7% Moderate
NIFTY 50
Strong Bullish
23,810.85
+1.58%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Discount Zone (1.0% from 50% Eq)
Market StructureMSS (Bullish) at 23,175.25
50% Equilibrium Baseline24,058.42
Bullish Order Block (+OB Demand)22,372.00 – 22,742.20
Bearish Order Block (-OB Supply)23,858.00 – 23,914.45
Fair Value Gap (FVG Imbalance)Bullish: 23,118.10 – 23,482.80
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 26,357.20
Research Desk Order Flow & Session Note
Desk order-flow tracking shows NIFTY 50 holding firm at 23,810.85 (+1.58%) following a MSS at 23,175.25, while real-money bids continue to defend value relative to the 24,058.42 equilibrium pivot. Footprint mapping highlights institutional demand resting at the 22,372.00–22,742.20 +OB zone, with the next major -OB supply barrier located at 23,858.00–23,914.45. An unmitigated Bullish Fair Value Gap (23,118.10–23,482.80) provides an additional magnet for dip-buying rebalancing. Session Follow-Up: Intraday price action respected the bullish structure; holding above 23,412.92 keeps the expansion path open toward 24,081.44 into the next session.
Support / Resistance
Support22,179.90
Resistance24,378.60
Moving Averages
21-day SMA22,808.09
50-day SMA23,233.58
100-day SMA23,696.90
200-day SMA24,017.32
Moving Average Trends
Medium-term averages are in rotation (21d at 22,808.09, 50d at 23,233.58, 200d at 24,017.32) — price is negotiating between short-term momentum and longer-term institutional value.
Momentum (RSI)
The momentum gauge prints 72 — historically, readings above 65 precede short-term retracements in this name.
Bollinger Bands
A breakout above the upper Bollinger boundary (23,532.94) confirms high-velocity upside flow, with the 20-day basis at 22,820.71 serving as the primary trend floor.
Trade Setup
Entry
23,810.85
Stop Loss
23,412.92
Take Profit
24,081.44
Risk / Reward
0.68
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)69%
Sell OTM Put
BANK NIFTY
Bullish
55,540.05
+0.98%
Intraday
Bearish
Daily
Bullish
Weekly
Bearish
Monthly
Bearish
⚡ Smart Money Concepts (SMC) Institutional Map
Premium Zone (1.5% from 50% Eq)
Market StructureMSS (Bearish) at 57,001.75
50% Equilibrium Baseline54,733.88
Bullish Order Block (+OB Demand)49,910.85 – 50,487.10
Bearish Order Block (-OB Supply)57,006.45 – 57,221.10
Fair Value Gap (FVG Imbalance)Bullish: 54,440.25 – 54,580.75
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 61,721.83
Research Desk Order Flow & Session Note
BANK NIFTY (55,540.05, +0.98%) trades under defensive institutional distribution following a MSS at 57,001.75, positioned in the Premium zone (1.5% from the 54,733.88 50% Equilibrium pivot). Institutional sellers remain positioned across the 57,006.45–57,221.10 -OB supply shelf, while the next structural support rests near 49,910.85–50,487.10. An open Bearish Fair Value Gap (54,459.35–55,883.70) reinforces overhead supply on relief rallies. Session Follow-Up: Sellers defended overhead supply throughout the session; staying below 54,653.78 preserves the drawdown trajectory toward 56,142.71.
Support / Resistance
Support53,626.15
Resistance58,024.95
Moving Averages
21-day SMA54,974.53
50-day SMA55,864.50
100-day SMA56,706.56
200-day SMA56,666.12
Moving Average Trends
Transitional moving average posture: the 21-day SMA (54,974.53) and 50-day SMA (55,864.50) are converging relative to the 200-day baseline (56,666.12), signaling a regime inflection zone.
Momentum (RSI)
Momentum at 51 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution.
Bollinger Bands
Realized volatility has contracted sharply (bandwidth 3.8%), pinching the upper (56,030.16) and lower (53,944.95) bands together; expect an impulsive move once the range breaks.
Trade Setup
Entry
55,540.05
Stop Loss
54,653.78
Take Profit
56,142.71
Risk / Reward
0.68
Buy
Top Options Strategies
Long Call56%
Buy OTM Call
Call Ratio Backspread56%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)53%
Sell OTM Put
SENSEX
Strong Bullish
76,917.85
+1.62%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Discount Zone (2.3% from 50% Eq)
Market StructureMSS (Bullish) at 74,849.75
50% Equilibrium Baseline78,725.95
Bullish Order Block (+OB Demand)72,603.57 – 73,253.44
Bearish Order Block (-OB Supply)82,906.83 – 83,486.15
Fair Value Gap (FVG Imbalance)Bullish: 74,742.59 – 76,033.74
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 85,877.61
Research Desk Order Flow & Session Note
On the SENSEX tape (76,917.85, +1.62%), structural momentum favors the bid side after a clean MSS at 74,849.75, keeping the session anchored around the 78,725.95 50% Equilibrium level. Footprint mapping highlights institutional demand resting at the 72,603.57–73,253.44 +OB zone, with the next major -OB supply barrier located at 82,906.83–83,486.15. An unmitigated Bullish Fair Value Gap (74,742.59–76,033.74) provides an additional magnet for dip-buying rebalancing. Session Follow-Up: Intraday price action respected the bullish structure; holding above 75,638.52 keeps the expansion path open toward 77,787.80 into the next session.
Support / Resistance
Support71,292.88
Resistance77,986.84
Moving Averages
21-day SMA73,549.92
50-day SMA74,528.35
100-day SMA75,924.07
200-day SMA77,162.91
Moving Average Trends
Medium-term averages are in rotation (21d at 73,549.92, 50d at 74,528.35, 200d at 77,162.91) — price is negotiating between short-term momentum and longer-term institutional value.
Momentum (RSI)
At 73 on the RSI, the asset is technically overbought. Momentum can sustain here, but the probability of a corrective pause rises.
Bollinger Bands
Trading outside the upper band (76,082.15) reflects aggressive institutional repricing; trailing stops below recent structure protects gains against a snap-back.
Trade Setup
Entry
76,917.85
Stop Loss
75,638.52
Take Profit
77,787.80
Risk / Reward
0.68
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)69%
Sell OTM Put
INDIAVIX
Bullish
15.72
+1.44%
Intraday
Bearish
Daily
Bullish
Weekly
Bullish
Monthly
Bearish
⚡ Smart Money Concepts (SMC) Institutional Map
Discount Zone (16.8% from 50% Eq)
Market StructureBOS (Bullish) at 15.69
50% Equilibrium Baseline18.88
Bullish Order Block (+OB Demand)13.91 – 14.63
Bearish Order Block (-OB Supply)17.82 – 19.03
Fair Value Gap (FVG Imbalance)Bullish: 11.04 – 11.77
Liquidity Pools (EQH / EQL)Internal Liquidity
Research Desk Order Flow & Session Note
Institutional structure on INDIAVIX remains upward-biased at 15.72 (+1.44%); recent BOS at 15.69 displacement confirms buyers are absorbing supply inside the Discount regime (18.88 midpoint). Footprint mapping highlights institutional demand resting at the 13.91–14.63 +OB zone, with the next major -OB supply barrier located at 17.82–19.03. An unmitigated Bullish Fair Value Gap (11.04–11.77) provides an additional magnet for dip-buying rebalancing. Session Follow-Up: Intraday price action respected the bullish structure; holding above 13.75 keeps the expansion path open toward 17.06 into the next session.
Support / Resistance
Support9.25
Resistance18.00
Moving Averages
21-day SMA15.17
50-day SMA13.24
100-day SMA12.98
200-day SMA15.09
Moving Average Trends
Medium-term averages are in rotation (21d at 15.1692, 50d at 13.2420, 200d at 15.0921) — price is negotiating between short-term momentum and longer-term institutional value.
Momentum (RSI)
Momentum holds constructive at 62 — firmly in bullish territory with room to run before the tape gets stretched.
Bollinger Bands
The tape is comfortably positioned in the upper Bollinger quadrant (15.1886 to 17.2060), reflecting steady buyer sponsorship without extreme over-extension.
Trade Setup
Entry
15.72
Stop Loss
13.75
Take Profit
17.06
Risk / Reward
0.68
Buy
Top Options Strategies
Long Call47%
Buy OTM Call
Call Ratio Backspread47%
Sell 1 lower Call + Buy 2 higher Calls
Long Put46%
Buy OTM Put
Market Search Previews
Research Desk Takeaway
Focus on NIFTY PCR shifts and BANKNIFTY open interest buildup near key strikes for directional cues.
Institutional Market Research
Get Pre-Market & Post-Market Research Notes Every Day
Smart Money Concepts (SMC) setups & Options Desk notes across NIFTY, S&P 500, DAX, Forex & Top 26 Cryptos — completely free.
Explore Shunya.Trade →
⚠ Disclaimer: This analysis is prepared by the Shunya.Trade Market Research Desk for educational and informational purposes only. It does not constitute financial advice. Trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.