S2Ep125 | Breadth Broke To 0.164, And The Only Bid Left Was IT |16th Sept Wednesday
Summary
Host Tanmay reviews a volatile session where the Sensex fell 1.19% with the worst breadth of the run, noting that his previous max pain calculation was outdated. He analyzes the shift in futures basis and open interest, highlighting fresh buying despite weak cash market participation and foreign selling. The episode details the new weekly expiry setup, identifying a 200-point pricing box and key support levels, while warning against long positions due to poor advance-decline ratios and rising crude oil prices.
Topics discussed
Episode intro and recap of yesterday's magnet move
Max pain analysis and settlement price breakdown
Market breadth and sector performance review
New expiry board data and call/put positioning
Futures basis, open interest, and foreign flow
Retail positioning and FII/DII cash market flows
Sensex expiry outlook and global market updates
Key support, resistance, and weekly trading levels
Straddle pricing and implied move for next week
Final trading strategy and episode conclusion
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