Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY pinned at 24,176 with minimal change as max pain at 24,400 looms overhead, supported by SMA5 at 24,198 and SMA50 at 24,400 while SMA20 at 23,404 extends below; institutional flows show FII futures at -189,761 shorts countered by DII +56,475 longs, against a global headwind of DXY 20d +1.27% and a BEAR regime with zero global score. Breadth remains elevated at 94.4% of N50 stocks above MA20, yet the intraday STRONG UNWIND and PCR of 0.99 signal neutral GEX at ₹59 Cr in the dealer pin zone, reinforcing the prevailing directionless stasis. Given the price action hugging SMA5 and SMA50 with no leading sectors, the actionable conclusion is to hold fire until the tape reveals its directional bias.
▲ Shorts easing
▲ Steady buying
PCR 0.99 — bearish lean. GEX 59 Cr. Gamma walls: upper 24,400 (CE), lower 24,300 (PE).
STRONG BEAR. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹1.9L while DII absorbed +56K — a 3:1 institutional divergence with no clear resolution.
24,400 — CE wall / gamma pin.
24,300 — PE wall. Close below triggers dealer selling.
24,400 — SMA50. First structural support.
23,404 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,198) / SMA20 (23,404) / SMA50 (24,400) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector -0.21. ITM -4.24 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.