The Tanmay Edge | India's pre-market edge, every trading day.

Nifty rallied 620 points intraday yesterday, but FII covered just 366 contracts — 0.14% of their short position. Now GIFT Nifty is gapping down below the GEX flip line on weekly expiry day. Tanmay breaks down the V-shape mechanics, the negative gamma setup, and 3 scenarios for Tuesday's high-volatility session.

LINKS: rupeecase.com | Apple Podcasts | Spotify | Amazon Music | YouTube

KEYWORDS: Nifty, weekly expiry, FII short, GEX, gamma, V-shape, options, derivatives, pre-market, GIFT Nifty

HASHTAGS: #TheTanmayEdge #Nifty #FII #WeeklyExpiry #GEX #RupeeCase #PreMarket #Options #IndianMarkets

Last episode, crude spiked 11%, FII sold ₹9,931 Cr, and markets shut for 4 days. I asked: what happens Monday? The answer — GIFT Nifty down just 28 points. Almost flat. Nikkei bounced 904 pts, KOSPI up 2.2%. The bloodbath didn't show up. But FII is still short 2,68,828 futures, clients are still exposed, and VIX sits at 25. I break down the overnight GIFT Nifty recovery, why Pro got it right, the 1DTE straddle setup at 531 Rs, and my trading plan — buy dips toward VWAP 22,500, sell vol with iron flies and credit spreads. Season 2, Episode 13. Monday, 6 April 2026.

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Publish date: Mon, 06 Apr 2026 08:30:00 +0530

Episode slug: s2e13-monday-that-didnt-crash

Links:

Stream: https://rupeecase.com/podcast/s2e13-monday-that-didnt-crash

Apple Podcasts: https://podcasts.apple.com/in/podcast/the-tanmay-edge/id123456

Spotify: https://open.spotify.com/show/TheTanmayEdge

RupeeCase: https://rupeecase.com

nifty, gift nifty, crude oil, FII selling, options trading, iron fly, credit spreads, VIX, VWAP, pre-market analysis, derivatives, KOSPI, straddle, momentum investing, RupeeCase

#TheTanmayEdge #PreMarket #Nifty #GIFTNifty #CrudeOil #FII #OptionsTrading #IronFly #CreditSpreads #VIX #VWAP #Derivatives #RupeeCase #TradingIndia #StockMarket

Oil bounced from $101 to $106 overnight. GIFT Nifty crashed 461 points. Clients are sitting on 3 lakh long contracts — and it's Sensex monthly expiry with Good Friday tomorrow.

In this episode:

→ 48-hour reversal: from gap-up euphoria to overnight crash

→ Trump escalation news — attack getting escalated in the next 2 weeks

→ Why oil bouncing back kills India's biggest tailwind

→ FII short 2.64L contracts and winning — clients trapped long 3L

→ Sensex GEX: long gamma day, whipsaw reversals, 72,200-72,800 range

→ Nifty range: 22,200-22,700, Call OI wall at 22,700 (23L contracts)

→ Defence only Strong Buy — GRSE +20%, Mazagon +13%, Cochin Shipyard +14%

→ TK ALGO in sell mode

→ Long gamma explained — why VWAP becomes a magnet on expiry

→ If you're going long, carry a hedge over the 3-day weekend

Bad but not that bad. Wars and tension will relax. But today's volatility is real.

RupeeCase Nifty — alpha held. Portfolio rebalances Monday.

https://rupeecase.com

Listen free on rupeecase.com | Spotify | Apple Podcasts | Amazon Music | YouTube

#TheTanmayEdge #Nifty #Sensex #SensexExpiry #FII #CrudeOil #StockMarket #Trading #Options #LongGamma #RupeeCase

FY27 Day 1 opens with GIFT Nifty +367 at 22,800. Brent crashed from $116 to $105.49, Gold at all-time high $4,694, DXY below 100. Every global index is green — KOSPI +6.26%, Nikkei +4.13%, Nasdaq +3.83%. FII pulled a record -3.36L Cr in derivatives in March. They're massively short. Today's gap-up starts the squeeze. Pro reduced longs. Client is all-in bullish. Full risk-on.

Timestamps:

0:00 Cold Open — FY27 Day 1 Gap-Up

0:35 Global + Commodities — Brent crash, Gold ATH, global rally

1:30 Pro/FII/CLI — Record March outflow, positioning squeeze

3:00 Options + Levels — Key strikes, OI, GEX

4:15 TK Screener + Sectors — Recovery watch, momentum names

5:15 Tanmay's Read — Full risk-on, FII squeeze setup

6:30 CTA

Listen free on rupeecase.com | Spotify | Apple Podcasts | Amazon Music | YouTube

Links:

rupeecase.com

#TheTanmayEdge #FY27 #Nifty #ProVsFII #BrentCrash #RupeeCase #IndianMarkets #Derivatives #GIFTNifty

The last trading day of FY25-26 and it's ugly. GIFT Nifty gaps down 238 to 22,589. Brent crude crosses 116. Nikkei crashes 4.5%. FII has pulled 1,14,000 crore from India in March. Pro and FII both short while retail sits long. I break down the global carnage, the positioning trap, and the 1 level I'm watching for a bounce. Plus — how the Nifty Momentum 10 on RupeeCase beat the benchmark by over 1% today.

Host: Tanmay Kurtkoti Stream free: rupeecase.com

00:00 Cold Open — Brent 116, Asia in freefall 00:20 Intro 00:35 Global Markets + Commodities — US, Europe, Asia all red 01:30 Pro / FII / CLI Positioning — Smart money vs the crowd 03:00 Options + Levels — TK Screener, 22,300-22,400 bounce zone 04:15 Screener + Sectors — What's working, what's not 05:15 Tanmay's Read — Last day of FY26, RupeeCase portfolio alpha 06:30 CTA Close

LINKS: Stream free: https://rupeecase.com

#TheTanmayEdge #Nifty #ProVsFII #RupeeCase #IndianMarkets #FII #BrentCrude #GIFTNifty #SystematicInvesting

Nifty closed at 23,191. GIFT Nifty gaps down to 23,145. Nasdaq sold off 2.38% overnight. But Pro traders are still going long 4th straight session. FII still adding shorts at -2,48,712 contracts. Sectors flipping to Buy inside a Sell signal. Someone's quietly accumulating. Today's read: consolidation, IV crush, buy on dips.

Timestamps: [0:00] Cold Open — GIFT Nifty gaps down, but Pro vs FII divergence deepens [0:20] Intro [0:35] Global Cues — Nasdaq -2.38%, Europe all red, GIFT Nifty 23,145 [1:30] Pro/FII/Client — Pro accumulating, FII adding shorts, 4th day of divergence [3:00] Options — 23,000 pivot, 23,300 squeeze trigger, VIX crushing, IV expected to drop [4:15] TK Screener — Sell, BUT IT/Infra/Auto flip to Buy [5:15] Tanmay's Read — Consolidation, buy on dips, 23,000-23,200 zone [6:30] CTA

Track the RupeeCase Nifty 50 model live: https://invest.rupeecase.com Subscribe: Apple Podcasts | Spotify | Amazon Music | YouTube Stream live: https://rupeecase.com

#TheTanmayEdge #Nifty #ProVsFII #OptionsTrading #IndianMarkets #GIFT Nifty #FII #DII #RupeeCase #MarketAnalysis #DerivativesTrading #SwingTrading #BuyOnDips #IVCrush #NiftyOptions #Season2

Crude crashing — Brent -6% to $98. GIFT Nifty above 23,000. FIIs sitting on 2,48,712 shorts — added MORE into ceasefire rally. Sensex expiry at 74,000 GEX flip zone. Full positioning: FII (-2,48,712 short) vs Clients (+1,48,527 long) vs Pros (selling premium). 1 SD ranges: Sensex 73,569–75,031, Nifty 22,712–23,437. IV crush: Sensex ATM 42%→28%. TK Screener rotation (IT, Infra, Auto → Buy). GEX education. 5-min pre-market edge.

Timestamps:

[0:00] Cold Open — GIFT Nifty above 23K, crude crashing -6%[0:15] Intro[0:30] Global Cues — Crude -6%, Asia ripping, gold $4,583[1:15] FII/DII — Full positioning: FII vs Client vs Pro vs DII[2:15] Options — Sensex 74K expiry + 1 SD ranges + IV crush 42%→28%[3:15] TK Screener — IT, Infra, Auto flip Buy; indices Sell[4:00] Tanmay's Read — GEX education + trending day POV + RupeeCase[4:40] CTA

LINKS & RESOURCES RupeeCase — India's Systematic Investing Terminal → invest.rupeecase.com The Tanmay Edge — Daily Pre-Market Podcast → Apple Podcasts: https://podcasts.apple.com/in/podcast/the-tanmay-edge/id1795938739 → Spotify: https://open.spotify.com/show/the-tanmay-edge → RSS Feed: https://media.rss.com/tk-s-pre-market-radar/feed.xml Follow Tanmay Kurtkoti: → Twitter/X: https://x.com/TanmayKurtkoti → Instagram: https://instagram.com/tanmaykurtkoti_ → LinkedIn: https://linkedin.com/in/tanmaykurtkoti → Website: https://rupeecase.com QCAlpha Advisors — Quantitative Trading ($75M+ AUM) → https://qcalpha.com --- If this episode added value — share it with one trader who needs it. Subscribe on Apple Podcasts or Spotify — never miss a session.

Hashtags: #TheTanmayEdge #PreMarket #IndianMarkets #FII #Nifty #Sensex #GammaExposure #SensexExpiry #CrudeOil #IVCrush #RupeeCase #QuantTrading

GIFT Nifty touched 23,500 overnight on ceasefire news — then faded 600 points back to 22,877. The squeeze came and went. It's expiry day, IV is at 55%, and 23,000 is the number everyone is watching.

In today's episode: • Global cues — US mixed, crude bounces to $104, Asia modestly green • FII sold -₹10,414 Cr cash (heaviest since 13 Mar) — cumulative selling crosses ₹1 lakh crore • FII shorts deepened to -2,43,961 contracts — squeeze fading at current levels • 23,000 call wall with 74.93L OI — THE expiry pin strike • IV Crush education — why your straddle loses money even when the market moves 400 points • RupeeCase Nifty 50 model held +0.38% alpha through the drawdown — rebalances today

Timestamps: [0:00] Cold Open — Ceasefire fade + 600-point giveback [0:15] Intro [0:30] Global Cues — US mixed, crude bounces to $104, Asia modest [1:15] FII/DII — ₹10,414 Cr selling + shorts at -2,43,961 [2:15] Options — 23,000 call wall, IV crush, expiry pin setup [3:15] TK Screener — All Strong Sell, watching for flip [4:00] Tanmay's Read — IV Crush education + RupeeCase rebalance [4:40] CTA

🔗 Track the RupeeCase Nifty 50 model live: invest.rupeecase.com 🎧 Subscribe: Apple Podcasts | Spotify

#TheTanmayEdge #PreMarketAnalysis #NiftyAnalysis #Nifty50 #OptionsTrading #ExpiryDay #IVCrush #FIIData #DIIData #IndianStockMarket #StockMarketIndia #Ceasefire #GIFTNifty #BankNifty #QuantTrading #QCAlpha #RupeeCase #TanmayKurtkoti #MarketAnalysis #TradingEdge #OptionSelling #GammaExposure #VIX #Season2

Three things happening at once today. GIFT Nifty down 338 points this morning — opening below 23,000. FIIs added shorts for the second straight Friday. And RupeeCase rebalances — right at 23,000.

The data: FIIs sold ₹5,518 crores in cash on Friday and added another 5,556 futures shorts. Their net short position is now −2,34,508 contracts — heading back towards the −2,60,540 peak. Cumulative cash selling is approaching ₹1 lakh crore. But DII cash buying was +₹5,706 Cr — almost perfectly absorbing the sell. The 23,000 put OI grew from 6.75 lakh to 7.29 lakh on Friday. Someone is adding protection, not removing it.

Tomorrow is the 24-Mar weekly expiry. IV at 22%. Pre-expiry Monday with a gap below 23,000 = one of the most volatile setups of S2. Watch the first 15 minutes carefully. Sharp volatility expected — IV can spike above 28. Long gamma in play.

Asia this morning: Nikkei −3.74%, Hang Seng −3.11%, KOSPI −5.29%. Global risk-off. Brent at 112.76. Gold at $4,371. USD/INR at 93.71.

RupeeCase rebalances today — the quant model resets at this exact price level. The model outperformed by +0.98% alpha on the worst day of the month. Track the new portfolio at rupeecase.com.

→ RupeeCase: rupeecase.com | @TanmayKurtkoti | #TheTanmayEdge #Nifty23000 #Rebalance #FIIData #Expiry24Mar #QCAlpha

Nifty fell 687 points in two days. This morning GIFT Nifty is up 101. Does 23,000 hold and where does the bounce go?

The data: FIIs sold ₹7,558 crores in cash yesterday and added back to futures shorts (now -2,28,952 contracts). VIX spiked 21% to 22.74. But this morning Dow futures are up 519 pts and Brent crude is pulling back from $111 to $105 the inflation pressure that triggered Thursday's fall is easing.

Today's framework: 23,000 has 6.75 lakh puts written it held yesterday and it's the floor. Weekly VWAP at 23,400 is the first bounce target. Monthly VWAP at 24,000 is the gravitational pull for the 28 March expiry. Clients are still massively long index futures some unwinding pressure is likely in the first 30 minutes. Don't chase the gap up. Range today: 22,800 support, 23,381 upside target.

RupeeCase quant fund outperformed by +0.98% alpha yesterday even on the worst day. ONGC was the only green stock. Rebalance on 23 March at 23,000. Track it at rupeecase.com.

→ RupeeCase: rupeecase.com | @TanmayKurtkoti | #TheTanmayEdge #Nifty23000 #VWAP #MonthlyClose #QCAlpha