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Market Pulse by Vish

Issue #58· Mon, 18 May 2026· After market close· NIFTY 24,176 +0.0%
Daily Market Recap

NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.

NIFTY 20d 24,176 +0.0%
BEAR
SignalSELL
ConfluenceLOW
3-GateNEUTRAL
N500 29.9% bull vs FII −209K short — GEX amplifies next break
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NIFTY closed at 24,176, +0.0%, with breadth at 30% (0/499 bullish). Sector rotation favours Pharma, Healthcare, Energy. Avoid IT and PSU Banks — still in decline.

Smart Money Flow
FII Net Futures
−2.1L
20d trend · Strongly Bearish

▲ Shorts easing

DII Net Futures
+28K
20d trend

▲ Steady buying

Retail (Client)
+1.5L
20d trend
Pro Desk
+32K
20d trend
Options Landscape
PCR1.24 
Calls49%
GEX257 Cr
Max Pain23,800

PCR 1.24 — mildly bullish. GEX 257 Cr. Gamma walls: upper 23,800 (CE), lower 23,500 (PE).

OI Vectors
ITM
▲ +0.48
ATM
▼ -0.49
OTM
▼ -1.40

BEAR MIXED. ATM call-writing alongside ITM bullishness — institutions hedged, not directional.

Breadth (2-Layer)
Nifty 500 Breadth
29.9%
149 bullish of 569 tracked · 20d trend

▼ Contracting — broad market

Nifty 50 Breadth
29.9%
149 bullish of 50 large caps · 20d trend

▼ Large caps lagging

⚡ The Tension

FII are net short ₹2.1L while DII absorbed +28K — a 3:1 institutional divergence with no clear resolution.

📍 Levels to Watch

23,800 — CE wall / gamma pin.

23,500 — PE wall. Close below triggers dealer selling.

23,769 — SMA50. First structural support.

24,012 — SMA20. Medium-term confirmation.

Regime Check
RegimeBEAR
Breadth StateNARROW
BiasSHORT
Confidence
71%
Volatility
13.4%
Conviction
LOW

MA stack: SMA5 (23,555) / SMA20 (24,012) / SMA50 (23,769) — MA5 < MA50 < MA20.

Strategic Takeaway

Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.

Intraday Positioning
FlowNORMAL
MomentumSTABLE
StructureBEAR MIXED
ATM Vector
-0.494
Call Pressure
49%
Put Pressure
50%

ATM net vector -0.49. ITM +0.48 confirms bullish positioning.

Strategic Takeaway

Bearish — hedge or exit.

Top Signals — CONVAIR Fusion
Today’s Picks · 0 of 0 MA-aligned
Fusionrvol20DMA
Strategic Takeaway

Confirm entries with rvol > 1.5×. All signals require dual-timeframe MA alignment.

Global Context
Global Score+0 (Neutral)
PostureBalanced
StateMixed Globe · Nifty Resilient
Risk Momentum
2/4 positive
DXY 20d
+1.27%
Nifty vs World
+2.03%
Nifty Global Rank
#1 of 10

1=best performer · Nifty highlighted

2/4 of SPX/NDX/DAX/NKY positive 20D. DXY 20D return: +1.27%.

Nikkei 225-2.47%
FTSE 100+1.78%
DAX+2.2%
Nifty 50 ▶+0.71%
S&P 500+0.25%
Nasdaq-0.2%
Hang Seng+0.76%
Crude Oil-1.18%
Gold+1.66%
Strategic Takeaway

Global score +0 (Neutral). Macro neutral — follow domestic signals.

Sector Rotation
▲ Leadership
Pharma+10.1%Score 77.6
Healthcare+8.9%Score 73.3
Energy+1.6%Score 70.0
↻ Accumulating / Reversing
Media-0.9%Score 53.7
CPSE-1.7%Score 51.3
Infra-0.0%Score 50.7
Regime changes since yesterday 6
PSU BanksValue ContraDeclining
AutoEarly AccumulationValue Contra
ConsumerLeadershipEarly Accumulation
MediaLeadershipEarly Accumulation
InfraLeadershipEarly Accumulation
CPSELeadershipEarly Accumulation
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