S2 EP02: Expiry Day Squeeze | Bulls vs The Wall at 23,500 | 17 March, Tuesday
The Tanmay Edge | India's pre-market edge, every trading day... por Tanmay Kurtkoti
Notas del episodio
It's expiry day — and Nifty wants to gap up 140 points straight into the 23,500 wall.
GIFT Nifty at 23,496. Asia broadly green — KOSPI +2.77%, Hang Seng +1.11%, Taiwan +1.77%. Brent crude still above $100 at $102.95. But don't let the green fool you: FIIs sold another ₹9,365 crores in cash on Monday and are sitting on 2.48 lakh short index futures contracts. The structural sell hasn't changed.
In options: 23,500 has 52 lakh calls sold against it — the wall of the day. IV at 26.03 with straddles at ₹410. TK Screener says sell IV today. VIX dropped 4.5% yesterday — panic easing but trend still down. Key levels: 23,500 resistance, 23,300 support, 23,200 secondary. Watch the first 30 minutes.
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