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

Closing Bell Research Wrap: Bullish Order Flow Across 4 Assets & Next-Session Order Blocks for NIFTY

November 05, 202603:45 PM LocalInstitutional Order Flow & SMC Research
NIFTY 50
24,536.60
+2.40%
BANK NIFTY
57,773.65
+3.33%
SENSEX
79,310.01
+2.60%
INDIAVIX
15.58
+2.57%
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 24,536.60 (+2.40%), with BANKNIFTY (+3.33%) leading relative strength and NIFTY (+2.40%) 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 NIFTY 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
15.6% Moderate
NIFTY 50
Strong Bullish
24,536.60
+2.40%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Premium Zone (2.0% 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)24,659.25 – 24,989.35
Fair Value Gap (FVG Imbalance)Bullish: 23,810.85 – 24,296.30
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 26,357.20
Research Desk Order Flow & Session Note
On the NIFTY 50 tape (24,536.60, +2.40%), structural momentum favors the bid side after a clean MSS at 23,175.25, keeping the session anchored around the 24,058.42 50% Equilibrium level. Primary Bullish Order Block (+OB) demand is stacked between 22,372.00–22,742.20, whereas overhead supply sits near 24,659.25–24,989.35. An unmitigated Bullish Fair Value Gap (23,810.85–24,296.30) provides an additional magnet for dip-buying rebalancing. Session Follow-Up: Intraday price action respected the bullish structure; holding above 24,116.26 keeps the expansion path open toward 24,822.43 into the next session.
Support / Resistance
Support22,179.90
Resistance24,579.90
Moving Averages
21-day SMA22,958.82
50-day SMA23,234.10
100-day SMA23,714.03
200-day SMA24,002.44
Moving Average Trends
Moving averages show a rotational tape between the 21-day (22,958.82) and 50-day (23,234.10) levels, highlighting why order-block boundaries take precedence over lagging trendlines here.
Momentum (RSI)
The momentum gauge prints 78 — historically, readings above 65 precede short-term retracements in this name.
Bollinger Bands
Spot action has cleared the upper standard-deviation envelope at 24,111.48. Momentum is clearly with the buyers, though short-term mean reversion toward the 20-day midline (22,976.61) is a natural breather.
Trade Setup
Entry
24,536.60
Stop Loss
24,116.26
Take Profit
24,822.43
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 Bullish
57,773.65
+3.33%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Premium Zone (5.5% from 50% Eq)
Market StructureMSS (Bullish) at 56,065.50
50% Equilibrium Baseline54,733.88
Bullish Order Block (+OB Demand)54,580.75 – 54,907.10
Bearish Order Block (-OB Supply)59,008.25 – 59,274.35
Fair Value Gap (FVG Imbalance)Bullish: 55,739.00 – 56,718.20
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 61,721.83
Research Desk Order Flow & Session Note
Institutional structure on BANK NIFTY remains upward-biased at 57,773.65 (+3.33%); recent MSS at 56,065.50 displacement confirms buyers are absorbing supply inside the Premium regime (54,733.88 midpoint). Primary Bullish Order Block (+OB) demand is stacked between 54,580.75–54,907.10, whereas overhead supply sits near 59,008.25–59,274.35. An unmitigated Bullish Fair Value Gap (55,739.00–56,718.20) provides an additional magnet for dip-buying rebalancing. Session Follow-Up: Intraday price action respected the bullish structure; holding above 56,769.22 keeps the expansion path open toward 58,456.66 into the next session.
Support / Resistance
Support53,626.15
Resistance58,024.95
Moving Averages
21-day SMA55,157.62
50-day SMA55,832.49
100-day SMA56,723.52
200-day SMA56,641.05
Moving Average Trends
Medium-term averages are in rotation (21d at 55,157.62, 50d at 55,832.49, 200d at 56,641.05) — price is negotiating between short-term momentum and longer-term institutional value.
Momentum (RSI)
Momentum oscillator at 66 enters overbought territory — the tape is stretched and vulnerable to profit-taking.
Bollinger Bands
Price is pressing above the upper Bollinger Band (56,826.27), signaling strong directional expansion — watch for shallow consolidation rather than chasing extended candles.
Trade Setup
Entry
57,773.65
Stop Loss
56,769.22
Take Profit
58,456.66
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
SENSEX
Strong Bullish
79,310.01
+2.60%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Equilibrium Neutral Zone (0.7% 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: 76,917.85 – 78,520.56
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 85,877.61
Research Desk Order Flow & Session Note
Desk order-flow tracking shows SENSEX holding firm at 79,310.01 (+2.60%) following a MSS at 74,849.75, while real-money bids continue to defend value relative to the 78,725.95 equilibrium pivot. Primary Bullish Order Block (+OB) demand is stacked between 72,603.57–73,253.44, whereas overhead supply sits near 82,906.83–83,486.15. An unmitigated Bullish Fair Value Gap (76,917.85–78,520.56) provides an additional magnet for dip-buying rebalancing. Session Follow-Up: Intraday price action respected the bullish structure; holding above 77,959.70 keeps the expansion path open toward 80,228.21 into the next session.
Support / Resistance
Support71,292.88
Resistance79,470.03
Moving Averages
21-day SMA74,081.40
50-day SMA74,562.38
100-day SMA75,996.58
200-day SMA77,108.70
Moving Average Trends
Bullish short-term cross: the 21-EMA (74,848.30) reclaimed the 50-day SMA (74,562.38), signaling accelerating upward momentum.
Momentum (RSI)
At 78 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 (77,938.28) reflects aggressive institutional repricing; trailing stops below recent structure protects gains against a snap-back.
Trade Setup
Entry
79,310.01
Stop Loss
77,959.70
Take Profit
80,228.21
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
Strong Bullish
15.58
+2.57%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
⚡ Smart Money Concepts (SMC) Institutional Map
Discount Zone (17.5% 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
INDIAVIX (15.58, +2.57%) maintains a constructive institutional footprint after confirming a BOS at 15.69, with price operating in the Discount zone (17.5% from the 18.88 50% Equilibrium baseline). Primary Bullish Order Block (+OB) demand is stacked between 13.91–14.63, whereas overhead supply sits near 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 13.33 keeps the expansion path open toward 17.11 into the next session.
Support / Resistance
Support9.25
Resistance18.00
Moving Averages
21-day SMA15.28
50-day SMA13.40
100-day SMA12.99
200-day SMA15.13
Moving Average Trends
Medium-term averages are in rotation (21d at 15.2824, 50d at 13.4028, 200d at 15.1344) — price is negotiating between short-term momentum and longer-term institutional value.
Momentum (RSI)
RSI at 62 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes.
Bollinger Bands
Price is riding the upper half of the Bollinger channel between the 20-day midline (15.3520) and the upper band (17.1153), a constructive posture for trend continuation.
Trade Setup
Entry
15.58
Stop Loss
13.33
Take Profit
17.11
Risk / Reward
0.68
Strong Buy
Top Options Strategies
Long Call71%
Buy OTM Call
Call Ratio Backspread71%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)68%
Sell OTM Put
Market Search Previews
Research Desk Takeaway
Monitor FII/DII derivative flow shifts and expiry-week gamma compression for institutional-grade positioning.
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.