The Tanmay Edge | India's pre-market edge, every trading day.

Yesterday 24000 was resistance and we got sold right there. This morning GIFT Nifty is at 24133, a gap up of about 170 points straight over it. So the question flips from can we reach 24000 to can we hold above it. Episode 78 is a news podcast with a twist, and the twist is in the positioning. The tape first. Nifty closed 23962 up 0.34 percent, Sensex 76741 up 0.31 percent, and India VIX collapsed...

Yesterday the calm broke. The Nifty fell 516 points, or 2.12 percent, to close at 23882, its worst day in weeks, with only 4 of 50 stocks green. The Sensex fell 1677 points to 76503, down 2.15 percent. The fear index, India VIX, jumped almost 25 percent in a single day to 14.54, after sitting near 11 all week. When VIX moves like that, option prices rise and daily swings get bigger. The reason was...

- One Sector Held The Whole Market Up. This Morning Crude Broke The Calm. - The Map Nailed 24,400. Now A Gap-Down Meets TCS And Sensex Expiry. - 19 Of 50 Went Up. IT Carried It Alone. The Bet Is On Tomorrow's TCS. ## RSS / SHOW-NOTES DESCRIPTION (data-forward, aligned to the cut) Yesterday the Nifty settled at 24,398.70, one and a half points off 24,400, the level every options desk had defended a...

4 straight green days, and on Monday the options board physically moved its floor up under this market. Traders added 1.21 crore fresh puts at 24,400, the single biggest build anywhere on the chain, and 76 lakh more at 24,300, while the calls sitting at 24,300 evacuated. Both strikes now hold about 1.38 crore contracts each, closing in on the 24,000 anchor at 1.62 crore. Today those walls get test...

Wall Street was dark on Friday, so India closed the week on its own, green for a third straight day and above 24,200 for the first time this move: Nifty 24,270.85, with the fear gauge down at 11.83. But the real story sits under the tape. On Friday the foreign desk flipped to a net buyer, ₹1,355 crore in cash, and trimmed its index-futures short again. Yet it stayed net long 5,47,349 stock futures...

America added just 57,000 jobs in June against 115,000 expected, with the two prior months revised down another 74,000. The first reflex on Wall Street wasn't fear but relief: bond yields fell, bets on another rate hike got cut, and the Dow poked a fresh record, though the move stayed choppy. Episode 73 unpacks that reflex: the reaction function, or why a weak jobs report can be greeted with relie...

The Nifty reclaimed 24,000 at 24,006 — and this morning GIFT is pointing to a gap-up open near 24,150, a clear 150 points above the level that broke last week. But today stacks two catalysts on the same day: the Sensex weekly expiry during our session, and the US June jobs report after our close (a day early). Here's how to trade a gap-up on expiry day — why 24,000 is now the floor, why the Sensex...

The biggest expiry of the half-year was supposed to lock the market onto 24,000. It didn't. The index touched it, lost it, and drifted down to settle at 23,865 — while underneath the headline, more stocks rose than fell. Day 1 of the July series opens caught between a broken-down 24,000 — now resistance — and a 23,800 support that held, with the damage concentrated in one wounded sector: IT, now a...

Last episode the pros bought volatility at the lows. One session later, the trap sprang — Nifty lost 24,000, closing 23,946, and India VIX ROSE to 13.56 on a down day. Today is the heaviest settlement on the calendar: the Nifty weekly, the Nifty and Bank Nifty monthly, the June quarterly, and the half-yearly long-dated and LEAPS series all expire on one close. Tanmay breaks down why a RISING fear...

Thursday closed green — and gave back 205 points from its high. The rally hit resistance and got sold back to flat. Then three days shut for Muharram. Today we come back into the eve of the monthly expiry, coiled inside a 200-point range — and the pros just went and bought volatility. In this episode: the upper-wick fade nobody on your feed flagged; the options book by participant — the Pro desk n...

Tuesday the floor cracked. Wednesday Nifty reclaimed 24,000 (24,021.65, +0.83%) and Sensex 76,991.22 (+1.04%) — but on a DII rescue while FIIs sold cash and deepened their futures short. The tell that changed the read: the 30-June Nifty put-call ratio flipped 0.78 to 1.21, with 24,000 now the biggest put wall and put-writers rebuilding the floor they lost. Today is Sensex weekly expiry, gapping up...

For three weeks, 24,000 was the floor. On expiry day it cracked. The Nifty held till 11:30, then let go straight through 24,000 and closed at the low — 23,824.10, down 278.80 (−1.16%), seven stocks up and forty-three down. The level you were buying is now the level you have to sell into. Today's read, all the numbers in one place: • Tue close: Nifty 23,824.10 (−278.80, −1.16%), range 23,784.95–24,...

Monday's gap-up did half its job. The Nifty held the 24,000 floor, closed up 0.37% at 24,102.90, and the IT wreck from Friday reversed clean — Tech Mahindra, Infosys and pharma led the bounce. But it stalled cold at 24,200 and faded. Now it's weekly expiry, and the chain has built the tightest room of the week. Today's read, all the numbers in one place: • Mon close: Nifty 24,102.90 (+89.80, +0.37...

Five green days ended Friday — and it broke on IT alone, not the whole market. Infosys fell almost 7 percent after a global consulting giant cut its outlook, dragging TCS, HCL Tech and Tech Mahindra with it. But the Nifty closed at 24,013, held the 24,000 line, and the rest of the market shrugged it off. Monday opens with a gap-up and a tailwind from Asia — and no expiry to hide behind. Foreign fu...

Five straight green days, and now a gap down to test it. The Nifty closed at 24,168, up 82, its fifth green day and its second close above 24,000, and the Sensex settled its weekly expiry at 77,409. But this morning GIFT Nifty is pointing to an open near 24,000, about 170 points lower, dropping us right back onto the support we only just cleared. There is no expiry today, so the open interest draw...

Four green days, a real breakout, and then the Fed turned hawkish overnight. On Thursday's episode of The Tanmay Edge we trade the collision. A market holding its first ever Nifty close above 24,000 and a Sensex back over 77,000, walking into Sensex weekly expiry the morning after the US Federal Reserve flipped its tone. The setup. The Sensex closed 77,155, up 347 points, its fourth straight up da...

Yesterday the number everyone watched finally gave way. 24000. Four times this market ran at it and four times it got thrown back. On the fifth try Nifty pushed to 24002 and, for the first time, closed on the number at 23989. A foothold at last. But park that win, because the real action is the next two sunrises. Tonight the United States Federal Reserve sets rates, after we have gone home. And to...

Yesterday this market walked straight up into resistance and resistance did not break. Nifty opened 23984, touched 24011, then slid all day to close 23853.90, up almost a percent but well below the open. That is not a breakout. That is a market running into resistance. And yet, underneath the fade, the one thing I have waited two weeks for finally happened. The foreign desk that would not stop sel...

On Friday this market did something it had not managed in a week. It tore straight through the ceiling. Nifty closed 23622.90, up 461 points, almost 2 percent, with the entire move packed into the last 90 minutes. The Sensex ran 1695 points to 75527.95. And the desk sitting short two and a half lakh contracts had one job that afternoon, cover while it is cheap. It bought back just 23000 and stoppe...

At 3:30 on Thursday the Sensex expiry settled at 73832, after the 73500 cushion held its first test by just 19 points. The board went quiet for the week. Then overnight the world ripped. Korea rose 7.77 percent in a single session, Japan added 3.8, the Nasdaq bounced 2.54 percent after two days of tech selling, and GIFT Nifty points to a gap up of roughly 250 points, an open near 23400, straight i...

At 3:30 on Wednesday the Sensex settled just 17 points from 74000, the most loaded strike on its board, with its own weekly expiry due this morning. A bullseye for the option sellers. Then overnight the table moved. Wall Street's tech selloff ran a second straight day, the Nasdaq fell close to 2 percent, and India's pre market screen slid through the morning to point at an opening gap of roughly 1...

For two sessions India stood inside a burning building and would not flinch. Monday a global rout still left us down barely one percent. Tuesday the fire alarm switched off mid-morning, and the banks came through the smoke like the cavalry. It was Nifty weekly expiry, the morning slid to 23,104, and then the banking pack ripped. Nifty closed 23,242, up 119 points, up half a percent, a 138-point V-...

Monday the world tried to drag India under, and India would not go. A weekend of missiles in the Middle East and a cracked Wall Street had Korea down 9 percent and Japan down 4 by Monday morning, and our market gapped straight at 23,000. It held to the point. Nifty closed 23,123, down just over 1 percent, with a low of 23,070. Sensex closed 73,524, also off about 1 percent. The calmest house on a...

While we slept this weekend, the rest of the world fell apart. Friday night Wall Street cracked: the Nasdaq dropped 4.18 percent, the S&P 500 fell 2.64 percent. This morning Asia joined the selling, Japan down 4.17 percent, Korea down 6.15 percent, Taiwan down 5.08 percent, with Hong Kong, Jakarta and Shanghai all red. And crude oil jumped more than 3 percent, Brent back to 96 dollars. India d...

For an entire week this market has held its breath for one number. A little after ten this morning, the Reserve Bank reads it out, and a week of coiled positioning gets released. Every trade on the screen right now is a bet on what the bank says. This episode is the data-driven plan into the decision, before the print, not after. First, yesterday's scorecard. Five calls on expiry day, three landed...