A very good morning and welcome to Trade Setup with Tanmay — your 5-minute audio podcast before the chaos begins.As of this morning, GIFT Nifty is trading at 24,924, up nearly 270 points, indicating a positive start to the week.Key Market DriversGST Reform Impact: The recent next-gen reforms in GST, with tax rate changes, could influence individual stocks and entire sectors. This will be the key theme to watch.Global Cues:Nikkei: +361 pts (43,740)Taiwan: +86 pts (0.36%)Shanghai: +0.58%On the weaker side: Kospi (-1.2%), Strait (-0.66%), Jakarta (-0.4%)→ Overall, Asia is trading mixed.Commodities & Currency:Crude: 65.77 (pulling back)Gold: steadyDollar Index: 97.89 (below 98)USDINR: 87.55, testing resistance near 87.80FlowsFIIs: Net sellers of ₹1,926 crore (as of 14th August)August net outflow: ₹24,191 croreDIIs: Net buyers of ₹3,895 croreAugust net inflow: ₹55,795 croreSectors & IndicesPositive strength: Auto, Pharma, IT, InfraWeakness: Realty, Metals, FMCGIndices: Nifty, Bank Nifty, Sensex all in long mode on TK ALGO combined signals.Volatility & Options SetupThursday’s close triggered a long IV signal on TK ALGO at 10.1 IV → still stable at the same level.Expectation: Large jump in vols today.Synthetic futures (21st Aug expiry): 24,653 → about 250 pts lower than this morning’s open.24,650 straddle: ~₹282, implying range 24,920–24,940 (near current open).Likely first-half consolidation → pullback → second-half trending rally possible.Strategy Setup:Continue with long gamma bias.Trade via short calendar: Buy near-dated straddle, sell far-dated straddle.Avoid naked long vols; pair with calendar to reduce bleed.Derivatives PositioningClients:Net long 5.62 lakh shares (options)Calls bought: 1.7 lakhPuts sold: 3.9 lakhFutures long: 1.24 lakh→ Clients are heavily long; advisable to book partial profits on the open, re-enter on dips.Pros:Net short 2.34 lakh contractsCalls sold: 1.45 lakhPuts bought: 90k→ Likely to be hit on the positive open, could add to second-half volatility.Game Plan for TodayExpect consolidation in the first half, but bias remains positive.Profit booking on the open makes sense; re-enter on pullbacks.Keep eyes on 24,800–24,850 support zone and 25,200 upside target.Long gamma strategies remain favored as realized moves > implied vols.

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