Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
Nifty closes flat at 24,176 with a bearish MA stack as SMA5 (22,763) and SMA20 (23,282) lie below SMA50 (24,574), confirming the downtrend elongation. Institutional flows diverge sharply with FII futures short by -259,435 contracts versus DII long of +66,918, while DXY’s 1.27% advance over 20 days intensifies the global headwind. GEX at ₹834 crore pins action at 24,176 with breadth at 46% and PCR at 0.9 in a bear regime—wait for volume to confirm a break above 24,574 or below 23,150.
▲ Shorts easing
▲ Steady buying
PCR 0.9 — bearish lean. GEX 834 Cr. Gamma walls: upper 23,150 (CE), lower 23,100 (PE).
STRONG BULL. Institutional positioning signals directional intent in the dominant vector.
▼ Contracting — broad market
▼ Large caps lagging
FII are net short ₹2.59L while DII absorbed +67K — a 3:1 institutional divergence with no clear resolution.
23,150 — CE wall / gamma pin.
23,100 — PE wall. Close below triggers dealer selling.
24,574 — SMA50. First structural support.
23,282 — SMA20. Medium-term confirmation.
MA stack: SMA5 (22,763) / SMA20 (23,282) / SMA50 (24,574) — MA5 < MA20 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +5.02. ITM +2.65 confirms bullish positioning.
Constructive — add on dips.
| Fusion | rvol | 20D | MA |
|---|
Confirm entries with rvol > 1.5×. All signals require dual-timeframe MA alignment.
1=best performer · Nifty highlighted
2/4 of SPX/NDX/DAX/NKY positive 20D. DXY 20D return: +1.27%.
Global score +0 (Neutral). Macro neutral — follow domestic signals.
No leadership sectors today.
No reversal candidates today.