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 24,000 and GEX of ₹109 Cr in the dealer pin zone, while moving averages present a mixed picture as SMA5 at 23,583 and SMA20 at 23,237 trade below price but SMA50 resistance sits overhead at 24,500. Institutional flows are polarized—FII futures hold a net short of -206,227 contracts against DII buying of +62,932—and breadth shows 89.4% of N500 above MA20, yet intraday MODERATE BUILDUP and PCR at 0.9 temper conviction. Global headwinds strengthen with DXY gaining 1.27% over 20 days and a global score of 0, reinforcing the bear regime amid absent sector leadership. The actionable conclusion is to wait until price clears SMA50 resistance or FII shorts unwind.
▲ Shorts easing
▲ Steady buying
PCR 0.9 — bearish lean. GEX 109 Cr. Gamma walls: upper 24,000 (CE), lower 24,000 (PE).
BULL MIXED. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹2.06L while DII absorbed +63K — a 3:1 institutional divergence with no clear resolution.
24,000 — CE wall / gamma pin.
24,000 — PE wall. Close below triggers dealer selling.
24,500 — SMA50. First structural support.
23,237 — SMA20. Medium-term confirmation.
MA stack: SMA5 (23,583) / SMA20 (23,237) / SMA50 (24,500) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +0.18. ITM +1.76 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.