Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY pinned at 24,176 against max pain 24,200 with SMA5 at 24,369 crossing above SMA50 at 24,320 but SMA20 at 23,565 trailing below SMA50, confirming an incomplete moving average crossover. Institutional divergences amplify as FII futures hold -190,914 shorts against DII longs at +55,118, while N500 breadth at 93.4% above MA20 reflects extreme participation and intraday moderate unwind suggests caution. Global headwinds from DXY appreciating 1.27% in 20 days and a bear regime score of 0 offset PCR at 1.02 and GEX at ₹86Cr in dealer pin zones. Actionable conclusion: wait for price validation above SMA20 or gamma displacement from pinning levels before committing.
▲ Shorts easing
▲ Steady buying
PCR 1.02 — mildly bullish. GEX 86 Cr. Gamma walls: upper 24,200 (CE), lower 24,000 (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 +55K — a 3:1 institutional divergence with no clear resolution.
24,200 — CE wall / gamma pin.
24,000 — PE wall. Close below triggers dealer selling.
24,320 — SMA50. First structural support.
23,565 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,369) / SMA20 (23,565) / SMA50 (24,320) — MA20 < MA50 < MA5.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +0.11. ITM -0.09 confirms flat 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.