Shunya.Trade Market Research Desk — India Post-Market Review
End-of-Day Follow-Up: What NIFTY (23,960.60) & INDIAVIX (-3.4%) Signaled at Today's Institutional Supply/Demand Zones
Research Desk Post-Market Follow-Up — India Session Audit
Post-session, the derivatives desk reads a constructive bullish close on both index benchmarks. Following up on our morning pre-market levels, today's tape resolved with 3 assets defending bullish structure and 0 remaining under seller control. NIFTY settled at 23,960.60 (+0.63%), with BANKNIFTY (+0.67%) leading relative strength and INDIAVIX (-3.39%) 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 INDIAVIX 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
15.2% Moderate
NIFTY 50
Strong Bullish23,960.60
+0.63%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Equilibrium Neutral Zone (-0.4% 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)24,659.25 – 24,989.35
Fair Value Gap (FVG Imbalance)Bullish: 23,440.80 – 23,696.15
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 26,357.20
Research Desk Order Flow & Session Note
Institutional structure on NIFTY 50 remains upward-biased at 23,960.60 (+0.63%); recent MSS at 23,175.25 displacement confirms buyers are absorbing supply inside the Equilibrium Neutral regime (24,058.42 midpoint). Pullbacks into the 22,372.00–22,742.20 Bullish Order Block are being monitored for absorption, while 24,659.25–24,989.35 marks the overhead liquidity ceiling. An unmitigated Bullish Fair Value Gap (23,440.80–23,696.15) provides an additional magnet for dip-buying rebalancing. Session Follow-Up: Intraday price action respected the bullish structure; holding above 23,556.83 keeps the expansion path open toward 24,235.16 into the next session.
Support / Resistance
Support22,179.90
Resistance24,378.60
Moving Averages
21-day SMA22,874.99
50-day SMA23,227.75
100-day SMA23,704.89
200-day SMA24,008.71
Moving Average Trends
Transitional moving average posture: the 21-day SMA (22,874.99) and 50-day SMA (23,227.75) are converging relative to the 200-day baseline (24,008.71), signaling a regime inflection zone.
Momentum (RSI)
With RSI at 76, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation.
Bollinger Bands
Spot action has cleared the upper standard-deviation envelope at 23,754.94. Momentum is clearly with the buyers, though short-term mean reversion toward the 20-day midline (22,879.93) is a natural breather.
Trade Setup
Entry
23,960.60
Stop Loss
23,556.83
Take Profit
24,235.16
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
Strong Bullish55,913.60
+0.67%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Premium Zone (2.2% 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: 55,046.35 – 55,294.50
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 61,721.83
Research Desk Order Flow & Session Note
Order-flow structure on BANK NIFTY (55,913.60, +0.67%) leans offered after a MSS at 57,001.75, with rallies facing institutional supply relative to the 54,733.88 equilibrium baseline. Any intraday retest into the 57,006.45–57,221.10 Bearish Order Block faces overhead distribution, with 49,910.85–50,487.10 acting as the primary downside magnet. An open Bearish Fair Value Gap (55,373.75–56,623.80) reinforces overhead supply on relief rallies. Session Follow-Up: Sellers defended overhead supply throughout the session; staying below 55,011.63 preserves the drawdown trajectory toward 56,526.94.
Support / Resistance
Support53,626.15
Resistance58,024.95
Moving Averages
21-day SMA55,031.65
50-day SMA55,827.53
100-day SMA56,713.93
200-day SMA56,649.43
Moving Average Trends
Moving averages show a rotational tape between the 21-day (55,031.65) and 50-day (55,827.53) levels, highlighting why order-block boundaries take precedence over lagging trendlines here.
Momentum (RSI)
With RSI at 56, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution.
Bollinger Bands
The bands are in a classic volatility squeeze (bandwidth 4.1%) — institutional order flow is quietly accumulating before the next directional breakout from 55,026.81.
Trade Setup
Entry
55,913.60
Stop Loss
55,011.63
Take Profit
56,526.94
Risk / Reward
0.68
Strong Buy
Top Options Strategies
Long Call68%
Buy OTM Call
Call Ratio Backspread68%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)65%
Sell OTM Put
SENSEX
Strong Bullish77,301.40
+0.50%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Discount Zone (1.8% 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: 75,692.78 – 76,604.85
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 85,877.61
Research Desk Order Flow & Session Note
SENSEX (77,301.40, +0.50%) maintains a constructive institutional footprint after confirming a MSS at 74,849.75, with price operating in the Discount zone (1.8% from the 78,725.95 50% Equilibrium baseline). Pullbacks into the 72,603.57–73,253.44 Bullish Order Block are being monitored for absorption, while 82,906.83–83,486.15 marks the overhead liquidity ceiling. An unmitigated Bullish Fair Value Gap (75,692.78–76,604.85) provides an additional magnet for dip-buying rebalancing. Session Follow-Up: Intraday price action respected the bullish structure; holding above 76,006.47 keeps the expansion path open toward 78,181.95 into the next session.
Support / Resistance
Support71,292.88
Resistance77,986.84
Moving Averages
21-day SMA73,784.15
50-day SMA74,523.57
100-day SMA75,958.76
200-day SMA77,131.54
Moving Average Trends
Transitional moving average posture: the 21-day SMA (73,784.15) and 50-day SMA (74,523.57) are converging relative to the 200-day baseline (77,131.54), signaling a regime inflection zone.
Momentum (RSI)
RSI has climbed to 77, putting the tape in overbought territory. New directional longs carry elevated reversal risk.
Bollinger Bands
Trading outside the upper band (76,776.52) reflects aggressive institutional repricing; trailing stops below recent structure protects gains against a snap-back.
Trade Setup
Entry
77,301.40
Stop Loss
76,006.47
Take Profit
78,181.95
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
Neutral15.19
-3.39%
Intraday
Bearish
Daily
Neutral
Weekly
Bullish
Monthly
Bearish
⚡ Smart Money Concepts (SMC) Institutional Map
Discount Zone (19.6% 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
On the INDIAVIX tape (15.19, -3.39%), structural momentum favors the bid side after a clean BOS at 15.69, keeping the session anchored around the 18.88 50% Equilibrium level. Pullbacks into the 13.91–14.63 Bullish Order Block are being monitored for absorption, while 17.82–19.03 marks the overhead liquidity ceiling. 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 13.24 keeps the expansion path open toward 16.51 into the next session.
Support / Resistance
Support9.25
Resistance18.00
Moving Averages
21-day SMA15.19
50-day SMA13.32
100-day SMA12.98
200-day SMA15.11
Moving Average Trends
Transitional moving average posture: the 21-day SMA (15.1885) and 50-day SMA (13.3218) are converging relative to the 200-day baseline (15.1134), signaling a regime inflection zone.
Momentum (RSI)
The 54 RSI reading is comfortably above the midline — momentum aligns with the directional thesis.
Bollinger Bands
Price is trading in the lower half of the Bollinger envelope between 15.2674 and 13.3917, showing persistent supply pressure below the 20-day midline.
Trade Setup
Entry
15.19
Stop Loss
13.24
Take Profit
16.51
Risk / Reward
0.68
Neutral
Top Options Strategies
Iron Condor69%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread69%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread69%
Sell near-term + Buy far-term (same strike)
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Research Desk Takeaway
Track India VIX and NIFTY open interest for intraday reversals. Adjust position sizing based on today's ATR range.
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