Market Pulse by Vish
Neutral regime — reduce exposure, trade thinner, wait for clarity.
Nifty’s 24,176 close, up 0.68% and hugging max pain at 24,200 with gamma exposure of ₹261Cr in the dealer pin zone, shows SMA5 crossing SMA50 at 24,004 and 23,853 while SMA20 trails at 23,657, underscoring price-led convergence. FIIs hold 223,809 short futures contracts against DIIs’ 69,387 long, while DXY’s 1.27% climb over 20 days and a global score of 0 constitute headwinds. With N500 breadth at 65.3% above MA20 and PCR at 0.98, and sectors like Media, Pvt Banks, and Realty leading versus IT and CPSE declining, the actionable is to reduce exposure and trade thinner, awaiting clarity as the regime pivots from bull to neutral.
▲ Shorts easing
▲ Steady buying
PCR 0.98 — bearish lean. GEX 261 Cr. Gamma walls: upper 24,200 (CE), lower 24,000 (PE).
BULL MIXED. Institutional positioning signals directional intent in the dominant vector.
▲ Expanding — broad market
▲ Large caps bullish
FII are net short ₹2.24L while DII absorbed +69K — a 3:1 institutional divergence with no clear resolution.
24,200 — CE wall / gamma pin.
24,000 — PE wall. Close below triggers dealer selling.
23,853 — SMA50. First structural support.
23,657 — SMA20. Medium-term confirmation.
MA stack: SMA5 (24,004) / SMA20 (23,657) / SMA50 (23,853) — MA20 < MA50 < MA5.
Neutral — stock-specific alpha. Focus on CONVAIR LEADING signals only.
ATM net vector +2.61. ITM +0.83 confirms bullish positioning.
Constructive — add on dips.
| Fusion | rvol | 20D | MA | |
|---|---|---|---|---|
| RRKABELCapital Goods | 7.38 | 2.9× | +21.0% | ▲▲ LEADING |
| CHOICEINFinancial Services | 7.27 | 3.0× | +7.7% | ▲▲ LEADING |
| CARTRADEConsumer Services | 7.16 | 2.5× | +55.3% | ▲▲ LEADING |
| EMCUREHealthcare | 7.12 | 4.0× | +10.9% | ▲▲ LEADING |
| ENDURANCEAutomobile and Auto Components | 6.98 | 1.8× | -0.9% | ▲▲ 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.