Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
Nifty's flat close at 24,176 sits below max pain at 24,500 and SMA50 at 24,414, with SMA5 at 24,135 and SMA20 at 23,364 offering support and GEX at ₹169Cr pinning the range. Institutional flows are bearish with FIIs net short 190,953 futures contracts and DIIs net long 61,362, while a 0.86 PCR and moderate buildup align with a global score of zero and DXY's 1.27% headwind, despite strong breadth at 95.2% above MA20. With the regime bearish and no sector leadership, the actionable conclusion is to remain short until price reclaims SMA50 to confirm a trend reversal.
▲ Shorts easing
▲ Steady buying
PCR 0.86 — bearish lean. GEX 169 Cr. Gamma walls: upper 24,500 (CE), lower 24,200 (PE).
BULL MIXED. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹1.91L while DII absorbed +61K — a 3:1 institutional divergence with no clear resolution.
24,500 — CE wall / gamma pin.
24,200 — PE wall. Close below triggers dealer selling.
24,414 — SMA50. First structural support.
23,364 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,135) / SMA20 (23,364) / SMA50 (24,414) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +0.79. ITM +1.12 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.