GIFT Nifty is trading flat near 24,650 this morning as markets gear up for expiry. Global cues are mixed — US markets closed positive with Nasdaq at 21,713 (+137 pts) and S&P 500 at 6,466 (+20 pts), while Asian markets are split: Jakarta and Shanghai in the green, Nikkei higher by 267 pts (+0.66%), but Hang Seng and Taiwan slightly weaker.

Institutional Flow (13th Aug):

• FIIs: Sold ₹3,644 Cr (MTD: -₹22,264 Cr)
• DIIs: Bought ₹5,623 Cr (MTD: +₹51,899 Cr)

Earnings Watch – Final Day of the Season:

Over 530 results expected today, including:

IOC, Ashok Leyland, Vodafone Idea, Glenmark Pharma, Inox Wind, Hindustan Copper.

Derivatives Positioning:

• Clients: Net long 4.15 lakh shares in options
  • 50,000 long calls
  • 3.65 lakh short puts
  • Futures: Long 1.26 lakh

• Pros: Net short 1.41 lakh shares
  • Calls: Flat
  • Puts: Long 1.41 lakh

Key Expiry Levels:

• 24,700 is the big hurdle — heavy build-up at this strike.
• 24650 straddle: ₹113
• 24650 calendar: ₹175
• Strategy: Short calendar + long today’s straddle / sell next week’s straddle (long gamma bias).

Sectors on TK Screener:

• Strength: Pharma (leading), Auto, Capital Markets, Metals, CPSC, Smallcap.
• Weakness: Realty, select Banking & Financial stocks.

Volatility & Ranges:

• 14th Aug IVs: 9.4
• Implied move:
  • Downside: 24,520 (support), watch 24,500 as SL.
  • Upside: 24,770, breakout possible above 24,700.

Commodities:

• Gold (MCX): ₹1,40,XXX — strong.
• Silver: ₹1,12,XXX — firm.
• Crude: Soft at ₹5,696 — sell bias.
• NatGas: Buy zone around ₹272.

FX & Crypto:

• USDINR at 87.45 — key resistance 87.50.
• Dollar Index near 98.
• Bitcoin steady at ₹1,11,XXX.

TK Algo Signals:

Both slow and fast modes are in buy territory — bias remains positive if 24,520 holds. Expect early volatility, possible breakout in second half.

Key Watch:

• Above 24,700 → Rally toward 25,000 mean.
• Below 24,550 → Risk of test to 24,520.
• Avoid heavy shorts while IVs remain low; long gamma trades still preferred.

🎙 Trade Setup with Tanmay Kurtkoti — your 5-minute edge before the chaos begins.