Crude cracked from Mon morning's $102 peak all the way to $94.60. Below pre-shock levels. The Hormuz premium is fully unwound.

Nifty opens Wed 15 Apr with a 368 point gap-up implied from GIFT at 24210. And for the first time in weeks, implied volatility is going DOWN on a gap-up day. 21 Apr ATM IV at 20.4, crushed −7.26% from yesterday. The 23800 straddle sits at 587. That is conviction, not panic.

The FII book with −286227 index futures shorts at S2 peak is marking-to-market loss every tick above 24000. Options chain is bullish both indices — Nifty PCR 1.089, Sensex PCR 1.198.

Sensex weekly expiry is Thursday 16 April. 1 trading day after reopen. Call wall cluster at 77000 and 77300. If gap extends above 77500, pinning setup for straddle sellers.

Screener is Strong Buy across Defence, Metal, Energy, Mid Select, Chemicals, ...