S2EP29 | Pro Just Reset. Day One Of May Series. Buy Dips With Hedge | 29th April Wednesday
The Tanmay Edge | India's pre-market edge, every trading day... by Tanmay Kurtkoti
Episode notes
"The smartest desk on the chain doesn't take a side. It clears the book."
Tuesday's monthly expiry printed and Pro went from plus 24000 long futures to plus 900. Sold 95000 net long calls. Both directional legs to flat by the bell. This is not bearish. It is a reset. Day one of May series opens with no smart money tell.
The 24000 magnet rebuilt fresh at 7.38 million lines. New put floor 23800. New call wall 24200. May future closed plus 73 premium to spot. The bullish skew rolled into the next cycle even as Pro stepped aside.
GIFT Nifty opens plus 115 above the magnet. Brent cooled to 110.43 overnight, did not crack 112. Nasdaq finished cleaner than mid-evening. Asia mixed not red, Hang Seng up 1.09 percent. The setup looks constructive on the surface.
Tanmay's view stays buy on dips with hedge. Wars is escalating. Iran is ...