Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY settled at 24,176, flat on the session, with SMA5 and SMA50 at 23,822 and 23,872 providing immediate support while SMA20 at 24,101 capped upside in a mixed moving-average structure. FII futures net short by 237,874 contracts contrasted with DII net long of 35,983, institutional divergence amplified by DXY’s 1.27% rise over 20 days and a global score of 0 reinforcing the bearish regime. Breadth at 38.3% above its 20-day moving average and PCR at 1.23, coupled with intraday unwind from leading sectors Energy, Pharma, and Healthcare, confirm overbought conditions. Actionable conclusion: initiate shorts below 23,822 targeting max pain at 23,500, with a stop above 24,176.
▲ Shorts easing
▲ Steady buying
PCR 1.23 — mildly bullish. GEX 53 Cr. Gamma walls: upper 23,500 (CE), lower 23,500 (PE).
BEAR MIXED. Institutional positioning signals directional intent in the dominant vector.
▼ Contracting — broad market
▼ Large caps lagging
FII are net short ₹2.38L while DII absorbed +36K — a 3:1 institutional divergence with no clear resolution.
23,500 — CE wall / gamma pin.
23,500 — PE wall. Close below triggers dealer selling.
23,872 — SMA50. First structural support.
24,101 — SMA20. Medium-term confirmation.
MA stack: SMA5 (23,822) / SMA20 (24,101) / SMA50 (23,872) — MA5 < MA50 < MA20.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector -0.01. ITM -0.10 confirms bearish 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.