Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY pins at 24,176 with max pain 24,600, GEX ₹985 Cr, and PCR 1.18, amid a mixed MA structure (SMA5 24,345, SMA20 23,444, SMA50 24,377) and overextended breadth at 95% above MA20. FII futures at -173,948 and DII +59,321 show institutional divergence, with intraday moderate unwind and a BEAR regime, while global headwinds from DXY's 20d +1.27% (global score 0) lack sector catalysts. The actionable conclusion is to stay cash-heavy until a close above 24,377 or below 23,444 triggers a directional move.
▲ Shorts easing
▲ Steady buying
PCR 1.18 — mildly bullish. GEX 985 Cr. Gamma walls: upper 24,600 (CE), lower 24,550 (PE).
BULL MIXED. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹1.74L while DII absorbed +59K — a 3:1 institutional divergence with no clear resolution.
24,600 — CE wall / gamma pin.
24,550 — PE wall. Close below triggers dealer selling.
24,377 — SMA50. First structural support.
23,444 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,345) / SMA20 (23,444) / SMA50 (24,377) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +1.83. ITM -1.75 confirms bearish 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.