Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY closed flat at 24,176, precisely at its SMA50 of 24,174, while SMA5 at 24,067 and SMA20 at 23,796 form a convergent stack that traps the index in a narrowing range. Institutional divergence is stark—FII futures at -171,058 contracts dwarfing DII’s +45,442 long build—underscoring bearish conviction against domestic buying, despite 82.2% of N500 stocks trading above their 20-day MA. Global headwinds intensify as the DXY surges 1.27% over 20 days, squeezing risk appetite, while max pain at 24,300 reinforces the options pin. Actionable takeaway: short any intraday rally toward 24,300 with a stop above the SMA50 break, as the bear regime and persistent FII flow dictate downside.
▲ Shorts easing
▲ Steady buying
PCR 1.28 — mildly bullish. GEX 76 Cr. Gamma walls: upper 24,300 (CE), lower 24,000 (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.
24,300 — CE wall / gamma pin.
24,000 — PE wall. Close below triggers dealer selling.
24,174 — SMA50. First structural support.
23,796 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,067) / SMA20 (23,796) / SMA50 (24,174) — MA20 < MA5 < MA50.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +2.86. ITM +1.47 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.