Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
Trading at 24,176 unchanged, NIFTY exhibited moderate unwind intraday as its SMA5 of 23,695 and SMA50 of 23,836 both trail the SMA20 at 24,074, while max pain at 23,800 suggests a gravitational pull lower. Institutional flows are polarized with FII futures short at -225,611 and DII buying +32,191, against a backdrop of GEX at ₹86Cr in the dealer pin zone, and the global score of 0 is overshadowed by DXY’s 1.27% rise over 20 days. With N500 breadth at 40.5% above MA20, PCR at 1.04, and a BEAR regime where Energy, Pharma, and Healthcare lead without decliners, the directionless tape has yet to signal its next move, warranting patience.
▲ Shorts easing
▲ Steady buying
PCR 1.04 — mildly bullish. GEX 86 Cr. Gamma walls: upper 23,800 (CE), lower 23,700 (PE).
STRONG BULL. Institutional positioning signals directional intent in the dominant vector.
▼ Contracting — broad market
▼ Large caps lagging
FII are net short ₹2.26L while DII absorbed +32K — a 3:1 institutional divergence with no clear resolution.
23,800 — CE wall / gamma pin.
23,700 — PE wall. Close below triggers dealer selling.
23,836 — SMA50. First structural support.
24,074 — SMA20. Medium-term confirmation.
MA stack: SMA5 (23,695) / SMA20 (24,074) / SMA50 (23,836) — MA5 < MA50 < MA20.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +1.80. ITM +0.06 confirms flat 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.