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

Yesterday on a green day, Pro cut 33000 long puts and FII cut 56000. At IV 15.89. That is not bleed at that vol level. That is conviction. Overnight Brent ripped to 109.38. Asia rolled. GIFT opened minus 93. Right at 24000. The magnet itself. Today is monthly plus weekly Nifty expiry on the same day. The biggest gamma collision of the cycle. A gap-down that lands exactly at the magnet does not mak...

Friday the index broke 24,000. Closed at 23,897. Down 275 points. Brent went 106. Rupee touched 94.25. Every WhatsApp group is asking the same question — is this the start of something bigger, or did we see a dead cat bounce? Tomorrow is monthly Nifty expiry — the biggest single gamma day of the cycle. The next 48 hours are going to decide a lot more than just one settlement. In this episode I bre...

Yesterday 24200 was the pin day. It held for six hours. Then somebody pulled the floor out and we closed at 24173. Twenty-seven points below the line both writers were defending. That wasn't a break from conviction. That was a pin giving up. This morning GIFT Nifty opens at 24247, plus ninety. And the one number I'm watching today is 24250. Above it, we have a trade. Below it, we don't. In this ep...

Thursday 23 April 2026. Sensex weekly expiry. Infosys Q4 post close. GIFT Nifty gapped down 180 points before the bell. Yesterday the bias was defensive. Today I am taking the other side of that. Episode 25 is the pivot episode. The overnight gap just did the work of the sell rally for me. The chain now says the first hour and the second half are two completely different trades. Pro flipped clean...

Tuesday's expiry pin failed. 24500 broke clean. The call writers stuck at the wall did not run. That broken ceiling is now the floor. GIFT Nifty 24454 down 121. Brent 98.18 still above 96. USD INR 93.49 still above 93.40. Both wrong side tells armed. FII Cash minus 1918 crore. DII Cash plus 2221 crore. FII still net short 173948 Nifty futures, sold 131k calls and bought 300k puts on a breakout day...

Nifty closed 24364 Monday. Flat on the surface. Underneath, the option chain moved 500 points and IV expanded 48 percent in one session. You do not get that print before a boring expiry. This morning GIFT Nifty is trading 24402, up 60 points. Asia is leading with KOSPI up 2.15, Nikkei up 1.34, Taiwan up 1.90. Europe closed heavy Monday. US futures are mixed. The set up is a gap up into mean revers...

Pro flipped short Thursday, flipped back bullish Friday. 122000 long calls added, 66000 puts dumped in one session. The fastest reversal in Season 2. FII covering collapsed from 87000 to 5000 a day with 190000 still short. DII sold 8000 crores in 2 days while FII bought cash. Crude whipsawed 102 to 90 to 95 in a week. IV crushed to 14.58%, cheapest options since the tariff shock. The hedge window...

Pro dumped 93% of their call position in a single session and doubled down on short futures. FII covering collapsed from 87636 to 1729. Crude at $98.13, $1.87 from the March selloff trigger. Call wall fortress at 24300 to 24500 with 98 lakh new OI. Client at maximum bullish while Pro goes conviction short. Full F&O breakdown, the conviction short signal, crude danger zone, Wipro buyback reacti...

Every trading day, before 9:15 AM, Tanmay Kurtkoti gives you the one edge most traders miss before market open. FII covered 87636 index futures shorts in a single session. Season 2 record. Nifty closed 24231 above the 24200 line. Sensex broke 78000 for the first time. But Pro flipped net short at the highs and added 18511 long puts. Client is at max bullish with record short puts. Today is Sensex...

Crude cracked from Mon morning's $102 peak all the way to $94.60. Below pre-shock levels. The Hormuz premium is fully unwound. Nifty opens Wed 15 Apr with a 368 point gap-up implied from GIFT at 24210. And for the first time in weeks, implied volatility is going DOWN on a gap-up day. 21 Apr ATM IV at 20.4, crushed −7.26% from yesterday. The 23800 straddle sits at 587. That is conviction, not panic...

Brent crude spiked 7.5% overnight to $102. GIFT Nifty gapped down 335 points to 23,756. FII are sitting on -2,86,227 short contracts — the highest of Season 2 — and those shorts are printing. But the same FII were cash buyers on Friday at +672 Cr. Collar strategy, not panic. Clients are max bullish with -4.89L short puts and +1.43L long futures — all underwater this morning. Pro is flat at +91. GE...

FII covered 41,000 shorts in 2 days — then stopped and added 318 back. Client short puts exploded to -4.66 lakh. Screener flipped SELL, IV flipped BUY. Nifty under negative gamma below 23,850. Then TCS drops a 29% QoQ profit beat after hours. Pro vs FII vs Client — the positioning that matters. Plus: why options tell you more than futures when covering pauses. Stream free on rupeecase.com | Apple...

Nifty rallied 874 points yesterday on the Iran ceasefire. FII covered 32,035 futures contracts — biggest single-day unwind in Season 2. Pro flipped to short puts. Client booked profits on 1 lakh short-put contracts as the gap-up played into their long-delta position. But FII is still short 2,27,400. Today is Sensex weekly expiry with an 800-point straddle — implied range 76,600 to 78,600. GIFT Nif...

Trump's Iran ceasefire crashed Brent 13% to $94 overnight biggest single-session crude drop since the 2020 Saudi price war. GIFT Nifty surged 700 points to 23,808. India imports 85% of its oil every $10 drop saves ₹43,000 Cr on the annual import bill, directly reducing inflation and giving RBI room to cut. RBI MPC decision at 10 AM. Pro added 9,459 long contracts with 24,591 protective puts — clas...

Nifty rallied 620 points intraday yesterday, but FII covered just 366 contracts — 0.14% of their short position. Now GIFT Nifty is gapping down below the GEX flip line on weekly expiry day. Tanmay breaks down the V-shape mechanics, the negative gamma setup, and 3 scenarios for Tuesday's high-volatility session. LINKS: rupeecase.com | Apple Podcasts | Spotify | Amazon Music | YouTube KEYWORDS: Nift...

Last episode, crude spiked 11%, FII sold ₹9,931 Cr, and markets shut for 4 days. I asked: what happens Monday? The answer — GIFT Nifty down just 28 points. Almost flat. Nikkei bounced 904 pts, KOSPI up 2.2%. The bloodbath didn't show up. But FII is still short 2,68,828 futures, clients are still exposed, and VIX sits at 25. I break down the overnight GIFT Nifty recovery, why Pro got it right, the...

Oil bounced from $101 to $106 overnight. GIFT Nifty crashed 461 points. Clients are sitting on 3 lakh long contracts — and it's Sensex monthly expiry with Good Friday tomorrow. In this episode: → 48-hour reversal: from gap-up euphoria to overnight crash → Trump escalation news — attack getting escalated in the next 2 weeks → Why oil bouncing back kills India's biggest tailwind → FII short 2.64L co...

FY27 Day 1 opens with GIFT Nifty +367 at 22,800. Brent crashed from $116 to $105.49, Gold at all-time high $4,694, DXY below 100. Every global index is green — KOSPI +6.26%, Nikkei +4.13%, Nasdaq +3.83%. FII pulled a record -3.36L Cr in derivatives in March. They're massively short. Today's gap-up starts the squeeze. Pro reduced longs. Client is all-in bullish. Full risk-on. Timestamps: 0:00 Cold...

The last trading day of FY25-26 and it's ugly. GIFT Nifty gaps down 238 to 22,589. Brent crude crosses 116. Nikkei crashes 4.5%. FII has pulled 1,14,000 crore from India in March. Pro and FII both short while retail sits long. I break down the global carnage, the positioning trap, and the 1 level I'm watching for a bounce. Plus — how the Nifty Momentum 10 on RupeeCase beat the benchmark by over 1%...

Nifty closed at 23,191. GIFT Nifty gaps down to 23,145. Nasdaq sold off 2.38% overnight. But Pro traders are still going long 4th straight session. FII still adding shorts at -2,48,712 contracts. Sectors flipping to Buy inside a Sell signal. Someone's quietly accumulating. Today's read: consolidation, IV crush, buy on dips. Timestamps: [0:00] Cold Open — GIFT Nifty gaps down, but Pro vs FII diverg...

Crude crashing — Brent -6% to $98. GIFT Nifty above 23,000. FIIs sitting on 2,48,712 shorts — added MORE into ceasefire rally. Sensex expiry at 74,000 GEX flip zone. Full positioning: FII (-2,48,712 short) vs Clients (+1,48,527 long) vs Pros (selling premium). 1 SD ranges: Sensex 73,569–75,031, Nifty 22,712–23,437. IV crush: Sensex ATM 42%→28%. TK Screener rotation (IT, Infra, Auto → Buy). GEX edu...

GIFT Nifty touched 23,500 overnight on ceasefire news — then faded 600 points back to 22,877. The squeeze came and went. It's expiry day, IV is at 55%, and 23,000 is the number everyone is watching. In today's episode: • Global cues — US mixed, crude bounces to $104, Asia modestly green • FII sold -₹10,414 Cr cash (heaviest since 13 Mar) — cumulative selling crosses ₹1 lakh crore • FII shorts deep...

Three things happening at once today. GIFT Nifty down 338 points this morning — opening below 23,000. FIIs added shorts for the second straight Friday. And RupeeCase rebalances — right at 23,000. The data: FIIs sold ₹5,518 crores in cash on Friday and added another 5,556 futures shorts. Their net short position is now −2,34,508 contracts — heading back towards the −2,60,540 peak. Cumulative cash s...

Nifty fell 687 points in two days. This morning GIFT Nifty is up 101. Does 23,000 hold and where does the bounce go? The data: FIIs sold ₹7,558 crores in cash yesterday and added back to futures shorts (now -2,28,952 contracts). VIX spiked 21% to 22.74. But this morning Dow futures are up 519 pts and Brent crude is pulling back from $111 to $105 the inflation pressure that triggered Thursday's fal...

Brent crude surged to $111.59 (+3.92%) overnight — a double negative alongside the banking shock. Asia broadly red: Nikkei -2.53%, Hang Seng -1.60%, Nasdaq -1.46% at US close. This isn't a normal gap down. But it's also not a broad market collapse — it's a single heavyweight stock repricing. The setup: HDFCBANK has ~12.5% weight in Nifty. A 7.5% fall in one stock explains most of the 510-point dro...