Market Snapshot

Gift Nifty is flat at 24,720 — suggesting a muted open. After yesterday’s volatile bounce, markets are consolidating below the 24,700 zone. Volatility has risen from extreme lows, and real moves are starting to exceed implied expectations — setting the tone for long gamma plays.

🌍 Global Markets

• Dow Futures: +35 pts
• Nasdaq: Closed +0.3% at 20,710
• S&P 500: Closed flat at 6,238
• Europe: Slight recovery, FTSE & CAC marginally positive
• Asia: Mixed
  • Nikkei: -0.4%
  • Hang Seng: +0.2%
  • Taiwan, Shanghai: Flat

  📊 FII/DII Cash Flows (Monday, 4 Aug)

• FIIs: Sold ₹2,968 Cr
• DIIs: Bought ₹3,105 Cr
• MTD Totals
  • FIIs: -₹8,356 Cr
  • DIIs: +₹9,960 Cr

📈 Derivatives Positioning

Clients

• Long Futures: +11,000
• Long Calls: +25,000
• Short Puts: -4,30,000
• Net Long Bias: +4,66,000 contracts

Pros

• Long Futures: +9,000
• Short Calls: -18,000
• Long Puts: +2,21,000
• Net Short Bias: -2,30,000 contracts

Interpretation:

Clients continue to load up on bullish trades — long futures, short puts — creating exposure risk. Pros remain cautious, long on protection. Trap setups possible if early rally fails.

📍 Key Levels & Option Data

• Spot Close: ~24,722
• 7th August ATM Straddle (24,750): ₹225
  • Upside Implied: ~24,980
  • Downside Implied: ~24,520

• IVs Rising:
  • Weekly (7 Aug): 11.88
  • Monthly (28 Aug): 12.1

Strategy View:

• Long Gamma preferred
• Short Calendar trades (front straddle long, back straddle short)
• Bullish Butterfly at 24,900–25,000 as tactical idea

📊 Sectors (TK Algo Screener)

Strength:

• FMCG
• CPSE (mild improvement)

• Smallcap
• Realty
• IT
• Pharma
• Midcap
• Auto
• Metals

Nifty Trend: Still in Buy Mode (Fast + Combined) on TK Algo

📦 Earnings to Watch (5 Aug)

Over 90 results expected. Key ones include:

• Bharti Airtel
• NMDC
• Indian Overseas Bank
• Mahindra Logistics
• Torrent Pharma

• Flat start expected
• Market may consolidate early
• Watch for dips to buy into gamma setups
• 24,600–24,700 remains the base
• Mean reversion can lift Nifty toward 25,000 later this week
• Vols are picking up — don’t get complacent

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