Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY locked at 24,176 with max pain at 24,100 and GEX of ₹295 crore creating a dealer pin zone, while moving averages show conflict—SMA5 at 24,224 and SMA50 at 24,248 overhead, SMA20 at 23,694 support. Institutional flows underscore bearish conviction with FIIs net short 205,981 futures versus DIIs net long 51,842, exacerbated by DXY's 1.27% 20-day rally as a global headwind. Broad breadth at 87.6% above MA20 and a PCR of 0.89 confirm the bearish regime, leading to one actionable conclusion: await a decisive move from the pin zone before engaging.
▲ Shorts easing
▲ Steady buying
PCR 0.89 — bearish lean. GEX 295 Cr. Gamma walls: upper 24,100 (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 ₹2.06L while DII absorbed +52K — a 3:1 institutional divergence with no clear resolution.
24,100 — CE wall / gamma pin.
24,000 — PE wall. Close below triggers dealer selling.
24,248 — SMA50. First structural support.
23,694 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,224) / SMA20 (23,694) / SMA50 (24,248) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +0.24. ITM +0.44 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.