EP 21: RBI Policy Day, Flat Open, Long Gamma Still in Play, Clients vs Pros Diverge 6th August ( Wed ) Market SnapshotGift Nifty trades flat at 24,704RBI’s MPC policy meet today at 10 AMNo rate change expected, but some calls for 25 bps cutGlobal MarketsNasdaq: -137 pts (20,916)S&P 500: -30 pts (6,299)Dow Futures: +146 ptsAsia Mixed:Nikkei: +267 ptsJakarta, Shanghai: Mildly positiveTaiwan: -140 ptsHang Seng: -146 ptsFII/DII Cash Flow (5 Aug)FIIs: Sold ₹22 CrDIIs: Bought ₹3,840 CrMTD Totals:FIIs: -₹5,955 CrDIIs: +₹11,413 CrEarnings Watch (6 Aug)145 companies to report. Key names:Bajaj AutoDevis LabsHero MotoCorpPFCPidiliteBajaj HoldingsPositioning DataClientsLong Futures: 1.18 lakhCall Longs: 27,000Put Shorts: 4.25 lakhNet Long Exposure: 4.53 lakh contractsProsLong Futures: 16,000Call Longs: 11,000Put Longs: 2.8 lakhNet Short Exposure: -1.96 lakh contractsTakeaway:Clients remain strongly bullish, Pros remain cautious and defensive.Sector Trends (TK Screener)Strength:AutoMetalsRealtyWeakness:BankingSmallcapCapital MarketsTK Algo SignalFast Signal: BuyCombined Signal: Still in SellVolatility and Option Setup7th Aug IV: 11.177th Aug Synthetic Future: 24,65824,650 Straddle: ₹176Calendar (24,650): ₹154Implied Range:Upside: 24,800Downside: 24,520Long gamma remains in focusNo short volatility trades before 10 AM (RBI policy)Post-policy, short calendars may be initiatedMean stands at 24,900As long as 24,600 holds, play for bounce towards 25,000Final WordVolatility is at lower end of range, policy outcome could shake things up. Stay light till 10 AM. Directional clarity may emerge post-RBI. Bias remains mildly bullish with controlled risk.Trade Setup with Tanmay Kurtkoti is your 5-minute pre-market podcast before the chaos begins. Join every morning at 8:00–8:30 AM.

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