S2Ep119 | The Board Got Ready For A Rally And The Close Did Not Get The Memo | Calls Covered, Puts Written, Volatility Crushed, And Now We Open 35 Points Lower | The First Question Today Is 23,900, Not 24,000 | 7th Sept Monday
Summary
Host Tanmay reviews a volatile Friday session where Nifty gave back gains to close near its low, highlighting a sharp reversal in sector rotation and a significant sell-off in the cable industry. He analyzes options data showing a shift in open interest and max pain to 24,000, while noting that futures continue to price a higher market than cash has validated. The episode details his iron fly position performance and outlines Monday's strategy, focusing on reclaiming the 23,900 support level amidst mixed Asian cues and falling US futures.
Topics discussed
Sponsor: Just Food For Dogs
Sponsor: Zocova for COVID-19 prevention
Friday market recap and options positioning shift
Nifty and Sensex closing analysis
Sector rotation and cable industry sell-off
Open interest changes and Max Pain movement
Gamma flip, volatility, and futures basis
Professional vs Retail positioning and FII flows
Personal trade performance and risk management
Global markets, ADRs, and commodity trends
Today's trading plan and key support levels
Risk factors and trading strategy advice
Outro and subscription call to action
Sponsor: Just Food For Dogs
Listen ad-free on Castria