Welcome to EP19 of Trade Setup with Tanmay Kurtkoti, your 5-minute audio podcast before the chaos begins.

The August series kicks off with caution. Gift Nifty trades 84 points higher at 24,683, but global sentiment remains weak. US and European indices closed sharply lower on Friday, and Asian markets this morning are deep in the red — barring a few exceptions.

Despite this, clients continue to carry aggressive long positions, even as pros quietly maintain bearish exposure. Volatility is beginning to pick up, and the divergence between implied and realized moves is creating space for long gamma strategies this week.

Global Snapshot (as of 8 AM IST):

• Gift Nifty: 24,683 (+84 pts)
• Dow Futures: +10 pts

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