Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY stalled at 24,176, aligning with the ₹253Cr dealer pin zone and max pain at 23,900, while the mixed MA structure—price below SMA20 (24,157) and SMA5 (24,136) but above SMA50 (23,959)—reflects tepid momentum. FII futures at -220,969 contracts versus DII +37,919 underscore institutional friction, and the DXY’s 1.27% 20-day rise imposes a clear global headwind. With the bear regime confirmed, PCR at 1.11, and moderate unwind in play, the SMA50 breakdown at 23,959 is the actionable sell trigger.
▲ Shorts easing
▲ Steady buying
PCR 1.11 — mildly bullish. GEX 253 Cr. Gamma walls: upper 23,900 (CE), lower 23,800 (PE).
STRONG BULL. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹2.21L while DII absorbed +38K — a 3:1 institutional divergence with no clear resolution.
23,900 — CE wall / gamma pin.
23,800 — PE wall. Close below triggers dealer selling.
23,959 — SMA50. First structural support.
24,157 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,136) / SMA20 (24,157) / SMA50 (23,959) — MA50 < MA5 < MA20.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +0.29. ITM +2.21 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.