Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY closed flat at 24,176, pinned between max pain 24,000 and the SMA5 of 24,278 and SMA50 of 24,284, with SMA20 at 23,635 acting as the sole lower support in a mixed moving average structure. Institutional flows show FIIs net short 204,079 futures contracts while DIIs added 52,945 longs, countering global pressure from a DXY up 1.27% over 20 days and a global score of zero. With breadth at 83.2% above MA20 and PCR at 0.93, the bearish regime dictates an actionable conclusion: await a decisive break beyond 24,284 for upside or below 23,635 for downside before committing capital.
▲ Shorts easing
▲ Steady buying
PCR 0.93 — bearish lean. GEX 106 Cr. Gamma walls: upper 24,000 (CE), lower 24,000 (PE).
BEAR MIXED. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹2.04L while DII absorbed +53K — a 3:1 institutional divergence with no clear resolution.
24,000 — CE wall / gamma pin.
24,000 — PE wall. Close below triggers dealer selling.
24,284 — SMA50. First structural support.
23,635 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,278) / SMA20 (23,635) / SMA50 (24,284) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector -0.19. ITM +0.10 confirms flat 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.