Season 2, Episode 2 | 2026-03-17
Expiry Day Squeeze | Bulls vs The Wall at 23,500
Gift nifty at 23,496
Market Overview
"You don't need more information. You need the right information | here's what matters today." GIFT Nifty at 23,496. Asia broadly green | KOSPI +2.77%, Hang Seng +1.11%, Taiwan +1.77%. Brent crude still above $100 at $102.95. But don't let the green fool you: FIIs sold another ₹9,365 crores in cash on Monday and are sitting on 2.48 lakh short index futures contracts. The structural sell hasn't changed.
Options & GEX Analysis
"Sixteen years on these desks taught me one thing | the market always telegraphs. You just have to know where to look." "That's not a prediction. That's preparation. There's a difference | and that difference is your edge." VIX dropped 4.5% yesterday | that's the market saying panic is easing. Not bullish. Just less bearish. My trade idea: watch 23,500 in first 30 minutes. Rejection = sell. Break with volume = stay long for 23,750. No middle ground on expiry day. It's expiry day | and Nifty wants to gap up 140 points straight into the 23,500 wall. In options: 23,500 has 52 lakh calls sold agai…
Trading Plan & Levels
TALKING POINTS TO HIT (your own words): Gap up on expiry day is a trap or a launch | 23,500 tells you which one it is. FIIs haven't covered their shorts yet (-2.48L contracts) | until they do, every rally is suspect. TK Screener Fast turned Buy on Nifty | that's the gap doing its job. But Combined is still Sell.
RupeeCase Update
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Highlights
- Gift nifty at 23,496
- Gift nifty at 23,496
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