EP 18 : August Series Begins with Global Jitters, FII Selling, and Weak Sector Setup | August 1 (Friday)

Welcome to EP18 of Trade Setup with Tanmay Kurtkoti, your 5-minute pre-market podcast before the chaos begins.

The August series opens on the back foot. Gift Nifty is down 105 points, trading near 24,730, pressured by weak global cues, ongoing FII selling, and tariff tensions. The July expiry saw late-day selling despite a bounce earlier in the session, closing Nifty at 24,768.

Global Snapshot:

• Asia
  • Nikkei: -170 pts (-0.43%)
  • Hang Seng: -80 pts (-0.3%)
  • Taiwan: -127 pts (-0.5%)
  • Kospi: -3%
  • Shanghai, Jakarta: Flat to positive

• Gift Nifty: 24,730 (↓0.42%) at 8 AM IST ...