Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY closed flat at 24,176 against max pain of 23,850, wedged between SMA5 support at 23,758 and SMA50 resistance at 24,470. Institutional flows show FIIs piling -208,304 futures shorts versus DIIs’ +63,415 longs, while DXY’s 1.27% 20-day gain exerts global headwinds. With GEX at ₹1,424Cr hinting at dealer pin action, breadth at 87.6% above MA20, and PCR at 1.15, the bear regime lacks catalysts—wait for the tape to show its hand.
▲ Shorts easing
▲ Steady buying
PCR 1.15 — mildly bullish. GEX 1,424 Cr. Gamma walls: upper 23,850 (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 ₹2.08L while DII absorbed +63K — a 3:1 institutional divergence with no clear resolution.
23,850 — CE wall / gamma pin.
23,800 — PE wall. Close below triggers dealer selling.
24,470 — SMA50. First structural support.
23,235 — SMA20. Medium-term confirmation.
MA stack: SMA5 (23,758) / SMA20 (23,235) / SMA50 (24,470) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector -29.07. ITM -28.13 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.