Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY closed flat at 24,176, with max pain at 24,000, as SMA5 at 24,107 and SMA20 at 23,728 maintain a bullish tilt but SMA50 at 24,209 caps advance within the bear regime. FII futures net shorts of -170,678 contrast with DII buying of +45,158, while N500 breadth at 83.8% above MA20 and GEX of ₹1,728Cr in the dealer pin zone highlight concentrated dealer activity. A global score of 0 and DXY strength of +1.27% over 20 days reinforce external headwinds, with PCR at 0.91 and moderate buildup confirming indecision. The NIFTY pin at 24,176 demands a catalyst to resolve the MA conflict, so watching for price rejection at SMA50 is the actionable conclusion.
▲ Shorts easing
▲ Steady buying
PCR 0.91 — bearish lean. GEX 1,728 Cr. Gamma walls: upper 24,000 (CE), lower 23,950 (PE).
STRONG BULL. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹1.71L while DII absorbed +45K — a 3:1 institutional divergence with no clear resolution.
24,000 — CE wall / gamma pin.
23,950 — PE wall. Close below triggers dealer selling.
24,209 — SMA50. First structural support.
23,728 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,107) / SMA20 (23,728) / SMA50 (24,209) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +6.49. ITM +2.71 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.