Sensex weekly expiry day and the overnight tape just rewrote the chart. Brent crashed from 109 to 105.73 in the evening session, a 5% crack in four hours. WTI broke 100 to print 99.27. Then Asia opened and KOSPI ripped 6.80%, Nikkei 3.55%, Taiwan 3.38%. Nasdaq closed 1.54% green, the DAX 1.36%, S&P 0.89%. GIFT Nifty is up 142 points at 23807. We are opening 200 points above where Wednesday closed.

If you missed Wednesday you are going to misread today. Nifty closed at 23659 and Sensex at 75388, both green by a quarter percent. Boring on the surface. But on the options chain the professional desk flipped from being short 21902 call contracts on Tuesday to being long 133782 call contracts on Wednesday. One session. A 155684 contract swing. The smartest seat in the room reversed direction and bet the move was coming. Overnight the move cam ...