Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY closed at 24,176, unchanged, just below max pain at 24,200, with SMA5 at 23,979 and SMA20 at 23,265 offering support but SMA50 at 24,446 capping upside. FII futures are short 200,718 contracts against DII longs of 65,770, while GEX at ₹68 crore reflects dealer pin positioning amid moderate intraday buildup. Global headwinds from DXY up 1.27% in 20 days and a neutral score of zero, paired with breadth at 93.4% above MA20 and PCR at 0.77, reinforce the bear regime. This directionless tape demands awaiting a decisive breakout for actionable conviction.
▲ Shorts easing
▲ Steady buying
PCR 0.77 — bearish lean. GEX 68 Cr. Gamma walls: upper 24,200 (CE), lower 24,200 (PE).
BEAR MIXED. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹2.01L while DII absorbed +66K — a 3:1 institutional divergence with no clear resolution.
24,200 — CE wall / gamma pin.
24,200 — PE wall. Close below triggers dealer selling.
24,446 — SMA50. First structural support.
23,265 — SMA20. Medium-term confirmation.
MA stack: SMA5 (23,979) / SMA20 (23,265) / SMA50 (24,446) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector -0.07. ITM -0.58 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.