Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY closed flat at 24,176, with max pain at 23,900 and a mixed MA structure—SMA5 23,315 and SMA20 23,247 below but SMA50 24,523 above—signalling short-term support against medium-term resistance. Institutional flows show FII futures net short 227,718 contracts, DII net buying 65,681 shares, and GEX at ₹49 crore in the dealer pin zone with PCR 0.89, while global headwinds from DXY’s 1.27% rise over 20 days and a neutral score of zero reinforce the bear regime. With breadth at 82.6% above MA20 but no sector leaders, the actionable conclusion is to stay on the sidelines until the NIFTY breaks the 24,176 pin.
▲ Shorts easing
▲ Steady buying
PCR 0.89 — bearish lean. GEX 49 Cr. Gamma walls: upper 23,900 (CE), lower 23,800 (PE).
STRONG BEAR. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹2.28L while DII absorbed +66K — a 3:1 institutional divergence with no clear resolution.
23,900 — CE wall / gamma pin.
23,800 — PE wall. Close below triggers dealer selling.
24,523 — SMA50. First structural support.
23,247 — SMA20. Medium-term confirmation.
MA stack: SMA5 (23,315) / SMA20 (23,247) / SMA50 (24,523) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector -0.35. ITM -0.37 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.