Welcome to EP18 of Trade Setup with Tanmay Kurtkoti, your 5-minute pre-market podcast before the chaos begins.The August series opens on the back foot. Gift Nifty is down 105 points, trading near 24,730, pressured by weak global cues, ongoing FII selling, and tariff tensions. The July expiry saw late-day selling despite a bounce earlier in the session, closing Nifty at 24,768.Global Snapshot:AsiaNikkei: -170 pts (-0.43%)Hang Seng: -80 pts (-0.3%)Taiwan: -127 pts (-0.5%)Kospi: -3%Shanghai, Jakarta: Flat to positiveGift Nifty: 24,730 (↓0.42%) at 8 AM ISTCommodities & Currency:Brent Crude: $71.59 — facing resistance near $72.50Gold (Comex): $3,289/oz — showing renewed strengthGold (MCX): ₹99,080 — buy signalSilver (MCX): ₹1,10,586 — sell biasCrude (MCX): ₹6,084 — stabilizingNatural Gas: NeutralDollar Index: Rising towards 101USDINR: ₹87.60 — rupee weakens, ₹88 in sight for AugustFII/DII Flow (July 31):FIIs: Sold ₹5,588 CrDIIs: Bought ₹6,372 CrAugust MTD (1 day)FIIs: -₹6,400 CrDIIs: +₹8,200 CrIndex Position & Volatility:Nifty Spot: Likely to open near 24,700Support: 24,650Resistance: 25,000Mean: Still around 25,000IV (7 Aug Weekly): 10.88 — still lowATM Straddle (24,800): ₹305Implied range:Downside: 24,350Upside: 25,100Volatility Play:Front IV low, Realized Vol highLong Gamma strategies recommendedSuggested structure:Buy front-end straddlesSell back-end straddles → Short CalendarPlay long gamma, short vega exposureSector View (TK Screener):WeakCapital MarketsSmallcapMetalsCPSCWatch for BounceFMCGITBankingSupport LevelsIf 24,650–24,600 holds, a move back to 25,000 possibleStrategy Outlook:Stay light at openLong Gamma positions work best on wide movesCalendar or straddle/strangle setups preferredGold–Silver pair trade opportunity:Long Gold / Short Silver“Global pressure, FII outflows, and rising USDINR are pulling the market lower. But if 24,600 holds, a base could form. Keep trades light and reactive. Real opportunity lies in long gamma plays this series.”📅 New episodes drop every market morning by 8:30–8:45 AM IST🎧 Trade Setup with Tanmay — your daily edge before the chaos begins.

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