S2Ep121 | I Got The Direction Wrong And The Fly Lost 73.55, Which Is The Exact Number I Published Before I Entered It | The Wings Saved 33 Points | And My Model Projected The Settlement To Within 2.85 Points | 9th Sept Wed
Summary
Tanmay Kurtavoti reviews a failed ironfly trade and analyzes Nifty’s drop to 23,635, noting that large banks dragged the index down while the broader market remained resilient. He highlights Brent crude’s surge to $99.34 as a key macro risk and identifies 23,700 as heavy resistance for the day. With Sensex expiry approaching, he outlines a trading band of 23,520 to 23,770, advising smaller position sizes due to the bearish structure and elevated volatility.
Topics discussed
Sponsors: Brie Pasta and Resorts World NYC
Intro: Episode 121 and yesterday's market recap
Nifty settlement analysis and level breakdown
Sector performance and index divergence
Options data: PCR, Max Pain, and Volatility
FII and Retail positioning updates
Global macro: Oil prices and Rupee weakness
Asia and US market bounce analysis
Today's Nifty trading plan and key levels
Risk assessment and model disagreements
Sensex expiry outlook and final thoughts
Outro and Sponsor Repeats
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