Market Pulse by Vish
NIFTY pins at 24,176 — directionless; wait for the tape to show its hand.
NIFTY closed flat at 24,176 with max pain anchoring at 23,500, while SMA5 23,647 and SMA50 23,689 provide support but SMA20 23,769 caps, signaling a mixed MA structure. FII futures at -230,096 contrast sharply with DII +32,881, and the dollar index’s 1.27% rise over 20 days imposes a global headwind despite a neutral global score and GEX ₹78Cr pinning dealer zones. Breadth at 39.9% above MA20 and PCR 1.27 reflect low participation and hedging, yet sector leadership from IT, pharma, and metals sustains the bull regime with no declining sectors. Actionably, this directionless pinning demands patience until the tape breaks the 24,000–24,200 range, favoring selective bets on leading sectors over broad exposure.
▲ Shorts easing
▲ Steady buying
PCR 1.27 — mildly bullish. GEX 78 Cr. Gamma walls: upper 23,500 (CE), lower 23,450 (PE).
BULL MIXED. Institutional positioning signals directional intent in the dominant vector.
▼ Contracting — broad market
▼ Large caps lagging
FII are net short ₹2.3L while DII absorbed +33K — a 3:1 institutional divergence with no clear resolution.
23,500 — CE wall / gamma pin.
23,450 — PE wall. Close below triggers dealer selling.
23,689 — SMA50. First structural support.
23,769 — SMA20. Medium-term confirmation.
MA stack: SMA5 (23,647) / SMA20 (23,769) / SMA50 (23,689) — MA5 < MA50 < MA20.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +1.67. ITM -4.38 confirms bearish positioning.
Constructive — add on dips.
| Fusion | rvol | 20D | MA | |
|---|---|---|---|---|
| NETWEBInformation Technology | 7.53 | 2.1× | +21.8% | ▲▲ LEADING |
| NMDCMetals & Mining | 7.29 | 4.4× | +7.0% | ▲▲ LEADING |
| CPPLUSCapital Goods | 6.82 | 1.3× | +34.1% | ▲▲ LEADING |
| CHENNPETROOil Gas & Consumable Fuels | 6.63 | 1.9× | +2.8% | ▲▲ LEADING |
| IFCIFinancial Services | 6.63 | 3.5× | +22.4% | ▲▲ LEADING |
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.