The expiry starts on a weak note with Gift Nifty down 69 points around 24,561 — weighed down by continued FII selling and fresh US tariffs on oil imports.

Despite a strong global setup (Nasdaq +1.2%, Dow Futures up), Indian markets are bucking the trend.

Big Headlines:

• RBI kept repo rate unchanged at 5.5%
• U.S. slapped 25% tariffs on key oil-linked imports
• Apple-led tech rally boosted Nasdaq
• Volatility likely to rise into the second half

Global Markets Snapshot:

• Nasdaq: +1.2% | 21,169
• S&P 500: +0.73% | 6,345
• Dow Futures: +146 pts
• Asia: Mixed, with Taiwan leading (+2.28%), while India underperforms
• Brent Crude: $67.50
• Gold: $3,381 | Strength returns
• USDINR: 87.73 | Near key 88 resistance

FII/DII Flows (6th Aug):

• FIIs: Sold ₹4,999 Cr
• DIIs: Bought ₹6,794 Cr
• MTD Net:
  • FIIs: -₹10,954 Cr
  • DIIs: +₹18,207 Cr

Earnings Watch (250+ results today):

• Titan, LIC, Godrej CP, HPCL, GIC, BSE, Kalyan Jewellers

Sector View (TK Screener):

• Weak: Pharma, IT, FMCG, Realty, Midcap, Infra
• Neutral/Bullish pockets: Capital Markets, select Finance & Bank Nifty stocks
• TK ALGO: Sell on both fast and slow signals

Levels to Watch:

• Open: 24,562
• Synthetic Futures: 24,577
• Straddle (24,650): ₹150 → Range: 24,700 / 24,450
• Support Zone: 24,500
• Resistance Flip Zone: 24,660–24,700

Option Strategies:

• Broken Wing Butterfly @ 24,700 for expiry pin
• Avoid put selling early in the day — clients overloaded on puts
• Volatility Play: IVs rising → 7 Aug IV at 12.29, could open at 14+

Positioning Snapshot:

Clients:

• Long Futures: 1.4 lakh
• Call Longs: 1.29 lakh
• Put Shorts: 4.62 lakh
• Net Bullish: 5.91 lakh contracts

Pros:

• Call Shorts: 76k
• Put Longs: 1.71 lakh
• Net Bearish: 2.47 lakh contracts
• Futures: 18k long (negligible)

Commodities:

• Gold (MCX): ₹98,795 – Buy
• Silver: ₹1,13,906 – Strength
• Crude: ₹5,817 – Sell
• Natural Gas: ₹261 – Weak

Stay light in the morning. Wait for volatility spike post initial jerk. Avoid naked short vol trades. Market still in sell mode. Keep an eye on 24,500 for support.

🎧 Listen now to prep your expiry day in 5 mins — clear levels, flows, sectors & trades.

#TradeSetupWithTanmay | Daily at 8:30 AM

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