Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY settled at 24,176 unchanged, with the bearish moving average stack—SMA5 at 23,096, SMA20 at 23,260, and SMA50 at 24,548—reinforcing the downtrend. FIIs net short -227,400 futures contracts versus DIIs' +66,192, coupled with DXY's 1.27% 20-day rise and a global score of zero, amplify external headwinds. Despite 84.0% of Nifty 500 stocks above their 20-day MA and a PCR of 0.84, the bear regime and lack of sector leadership dictate a sideline stance until the tape triggers a decisive breakout or breakdown.
▲ Shorts easing
▲ Steady buying
PCR 0.84 — bearish lean. GEX 49 Cr. Gamma walls: upper 24,000 (CE), lower 24,000 (PE).
STRONG BEAR. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹2.27L while DII absorbed +66K — a 3:1 institutional divergence with no clear resolution.
24,000 — CE wall / gamma pin.
24,000 — PE wall. Close below triggers dealer selling.
24,548 — SMA50. First structural support.
23,260 — SMA20. Medium-term confirmation.
MA stack: SMA5 (23,096) / SMA20 (23,260) / SMA50 (24,548) — MA5 < MA20 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector -0.13. ITM -0.65 confirms bearish positioning.
Bearish — hedge or exit.
| 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.