Market SnapshotGift 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 MarketsDow Futures: +35 ptsNasdaq: Closed +0.3% at 20,710S&P 500: Closed flat at 6,238Europe: Slight recovery, FTSE & CAC marginally positiveAsia: MixedNikkei: -0.4%Hang Seng: +0.2%Taiwan, Shanghai: Flat📊 FII/DII Cash Flows (Monday, 4 Aug)FIIs: Sold ₹2,968 CrDIIs: Bought ₹3,105 CrMTD TotalsFIIs: -₹8,356 CrDIIs: +₹9,960 Cr📈 Derivatives PositioningClientsLong Futures: +11,000Long Calls: +25,000Short Puts: -4,30,000Net Long Bias: +4,66,000 contractsProsLong Futures: +9,000Short Calls: -18,000Long Puts: +2,21,000Net Short Bias: -2,30,000 contractsInterpretation: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 DataSpot Close: ~24,7227th August ATM Straddle (24,750): ₹225Upside Implied: ~24,980Downside Implied: ~24,520IVs Rising:Weekly (7 Aug): 11.88Monthly (28 Aug): 12.1Strategy View:Long Gamma preferredShort Calendar trades (front straddle long, back straddle short)Bullish Butterfly at 24,900–25,000 as tactical idea📊 Sectors (TK Algo Screener)Strength:FMCGCPSE (mild improvement)SmallcapRealtyITPharmaMidcapAutoMetalsNifty Trend: Still in Buy Mode (Fast + Combined) on TK Algo📦 Earnings to Watch (5 Aug)Over 90 results expected. Key ones include:Bharti AirtelNMDCIndian Overseas BankMahindra LogisticsTorrent PharmaFlat start expectedMarket may consolidate earlyWatch for dips to buy into gamma setups24,600–24,700 remains the baseMean reversion can lift Nifty toward 25,000 later this weekVols are picking up — don’t get complacentTune in every market morning for the edge you need.Trade Setup with Tanmay Kurtkoti — your 5-minute pre-market prep before the chaos begins.

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