Season 2, Episode 33 | 2026-05-06

EP33 | The Tanmay Edge

Yesterday I called the pin at 24000. Nifty closed 24051. Inside the zone by 51 points. Today the wall fails.Brent cracked 5 dollars 73 cents overnight to 108.03. KOSPI ripped plus 5.87 percent on the Children's Day return.

Cold Open | Maine Bola Tha. The Pin Held. The Wall Fails Today.

Yesterday morning I told you the chain wanted to settle at 24000. The street called it a top tell. I called it a pin trade. Nifty closed 24051. Inside the pin zone by 51 points. Maine bola tha. But that is not the trade today. Last night while we were sleeping, the macro tail cracked. Brent fell 5 dollars 73 cents in one session. The 115 scrap pin trigger never fired. The 120 tail risk never fired. GIFT Nifty just gapped up 193 points to 24303. The pin held yesterday. The wall fails today.

Global plus Commodities | Brent Cracked. Asia Ripped. US Tape Green.

Three things changed overnight. One. Brent. Tue settle 113.76. Wed AM 108.03. That is 5 dollars 73 cents off in one session. WTI cracked too. Tue 104.79. Wed 100.62. The Hormuz tail just exhaled. Two. Asia ripped. KOSPI plus 5.87 percent. Korea was closed Tuesday for Children's Day. They came back and bought every dip. Hang Seng flipped green plus 0.68. Taiwan plus 0.41. Shanghai plus 1.19. Jakarta plus 0.53. The cautious tone of Tuesday is gone. Three. US tape closed all green Tue. S&P 7259. Nasdaq 25326. Dow futures 49432. Three records back live overnight. GIFT Nifty 24303. Implied gap abov…

Pro Three Legs Bullish | The Monday Call Write Was a Pin Trade Not Distribution

Pro yesterday went three legs bullish. Pro covered 19394 of the short calls it had written Monday. Pro added 5634 fresh futures longs. Pro trimmed 39440 long puts. Three legs all bullish into the close. Now layer the macro overnight. Brent down 5 dollars 73. The downside hedge that Pro just trimmed gets even cheaper to leave off. Pro is walking into Wednesday with conviction long. This is the EP32 callback receipt. Tuesday morning I called the Monday Pro call write a pin trade not distribution. The street disagreed. In one session Pro covered the calls, added futures, trimmed puts. The pin pai…

FII Three Legs Bearish | 93 Percent of the Bet Was Index Options

FII did the opposite. FII added 5561 fresh index futures shorts. FII wrote 20918 more short calls. FII stacked 31059 more long puts. Three legs bearish. Cash tape. Tuesday FII sold 3621 Cr. DII bought 2603 Cr. April closed FII minus 70135 Cr. DII plus 51063 Cr. Same handoff. Foreign desk liquidating. Domestic desk swallowing. The headline number is the index option line. FII sold 27166 Cr index options Tuesday alone. Out of 29094 Cr total derivative loss. 93 percent of FII's bear bet yesterday was index options. Not futures. Not stocks. Index options. That is FII paying for protection. Not FII…

Levels | Magnet 24000. Buy Zone 24100 to 24200. Wall 24300. Next Stop 24500.

24000 is the magnet. Where the put floor was built. Today the magnet becomes the floor. 24100 to 24200 is the buy zone. Any dip into here today is a gift. 24300 was the hard wall yesterday. 12.61 million CE OI. Built plus 7.22 million Monday alone. Biggest single day call OI build of the May series. Today the wall breaks. The writers either cover or eat it. 24500 is the next stop. The major call wall above 24300. Wing 23800. Below the wing is the only place this thesis dies. We are 500 points above it. ATM straddle on the 8 May front weekly was 223 yesterday. With Brent down 5 and India VIX at…

Sectors plus Screener | Energy Reversal. Reliance Flips. Auto Tailwind.

Sector tape Tuesday close. Strong Buy. Energy. Defence. Consumer Durables. Buy. IT mid pack. Real Estate. Auto. Mid Metals. Sell or Strong Sell. Pharma. Chemicals. Healthcare. Small Cap. Broad Market. Strong Sell combined. India VIX. Dollar Index tracker. Energy was Strong Buy yesterday on a 113 dollar Brent. Today Brent 108. The Strong Buy on Energy was setting up before the macro cracked. Sector reversal candidate. Watch oil marketing companies on the open. Watch refining margins. Auto held Buy. KOSPI plus 5.87 overnight is bullish for Indian auto exporters and the global supplier book. Two …

Tanmay's Read plus Five Predictions | Buy Dips With Cheap Hedge

Buy on dips. Continue with cheap hedges. We are breaking the 24300 barrier today most likely. Next stop 24500. 24000 acts as the good support. Any dips toward 24100 to 24200 can be bought into. That is the trade. If you bought hedge at IV 17 yesterday, you are sitting in the cheapest insurance you will see this month. Do not lift it. The next 200 points up cost you nothing in theta because the hedge already paid. The next 200 points down protected by the put is free roll. Five predictions for today. One. Nifty closes above 24300. The wall breaks. Two. Day high prints between 24400 and 24500. T…

Highlights

Transcript Excerpt

A very good morning guys. Yesterday morning I told you the chain wanted to settle at 24,000. The street called it and I called it a pin trade. Nifty closed at 24,031 inside the pin zone by 31 points. Mene bola tha. But that is not the trade today because last night while we were sleeping the macro tail cracked. Brent fell by $5.73 in one session. The $115 scrap pin trigger never fired. The $120 tail risk never fired. And Gift Nifty just gapped up 193 points to 24,303. The pin held yesterday, the wall fails today. This is India's pre-market edge. I am Tanmay Kurtkoti. This is the Tanmay Edge, Season 2, Episode 33. Let's go. So, global, let's look at some global cues. So, one, Brent, Tuesday settled at 113.76. That is $5.73 off in one session. WTI cracked too. Wednesday, it is looking at 100.62. The Hormuz tale just exhaled. 2. Asia ripped. Kospi plus 5.87%. Korea was closed Tuesday for Children's Day. They came back and bought every dip. Hang Seng flipped green plus 0.68 % after two straight red sessions. Taiwan plus 0.41%. Shanghai plus 1.19%. Jakarta plus 0.53%. The cautious tone of Tuesday is gone. 3. US tape closed all green. Tuesday, S&P 7259. NASDAQ 25,326. Dow futures 49,432. Three records back live overnight. Add it up, GIFT Nifty is trading at 24,303. Implied gap up above Tuesday's close in is almost plus 250 points. We are opening above the 24,300 wall before the bell rings. But here is what nobody is telling you. The wall is not the wall anymore. Pro yesterday went three legs bullish. Pro covered 19,394 of short calls it had written on Monday. Pro added 5,600 fresh futures long. Pro trimmed 40,000 long puts. Three legs all bullish into the close. Now, layer the macro overnight. Brent fell by $5.73. The downside hedge that the pro just trimmed gets even cheaper to leave off. Pro is walking into Wednesday with conviction long. FII did the opposite. FII added another 5,000 fresh index future shorts. FII wrote 20,000 more short calls. FII stacked 31,000 more l…

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