Season 2, Episode 42 | 2026-05-19

EP42 | The Tanmay Edge

On Friday foreigners sold us a billion dollars worth. On Monday morning the Sensex was 1,135 points underwater by 10 AM. Then the same desks came back and bought us 2,813 crore in cash. The Nifty climbed all the way back to 23,649.

Cold Open | The Buyers Are Sitting In The Chair

On Friday foreigners sold us a billion dollars worth. On Monday morning the Sensex was 1135 points underwater by 10 AM. And then the same foreigners came back and bought us 2813 crore in cash. The Nifty climbed all the way back to 23649. Today is Nifty weekly expiry. The buyers are sitting in the chair. This is The Tanmay Edge.

The Scene | A V Inside A Flat Number

Here is the picture you are walking into on Tuesday morning. The Nifty closed Monday at 23649. Six points above where it closed Friday. Flat. But hidden inside that flat number is one of the wildest sessions of the year. The Sensex opened at 74807. By 10:05 in the morning it was 1135 points lower. Brent crude was 111 dollars. The rupee touched 96.40, the first ever print above 96 to one US dollar. Bitcoin lost 80000 dollars for the first time this month. Three macro warning lights on at the same time. And then nothing got any worse. The Sensex climbed every single point of those 1135 back. The…

Why The Buyers Came | The Foreigners Flipped

Why did the buyers come in? Because the foreigners flipped. For weeks, foreign institutional desks were the heaviest seller in the market. Year to date they have sold roughly 52753 crore. On Monday they bought 2813 crore in cash. The domestic institutions added another 2682 crore. Combined, 5495 crore of buying. Landing exactly when the index was at its low. That is what powered the V.

The Trade Structure | The Biggest Desk Paid Twice

The biggest desk in the market, what NSE calls the proprietary trader, bought both sides on Friday. 117000 calls and 113000 puts at the same time. They paid for movement, not direction. On Monday they got their movement. The 332 point range delivered. And then they did it again. On Monday close, the same desk added 226000 calls and 148000 puts. Same structure. This time leaning a little more bullish on the call side. So the biggest desk has paid twice for the same idea. The market is going to move, and now they are tilting toward the upside. Foreigners are still hedging with put protection. Re…

What The Chain Says | Support Migrated Down

The biggest call position in the chain is at 24000. 12.62 million contracts. That is the ceiling. The market cannot reach 24000 today. That is mathematically too far. Above 23800 the air gets thin. On the support side, here is what shifted. Last week the heaviest put support was at 23700. On Monday the put writers at 23700 unwound 2.07 million contracts. They walked away from that level. And they re stacked their support lower. The biggest put support today is at 23400. 11.91 million contracts, up 6.71 million in one day. The second heaviest is 23500. The support migrated down. The 23700 level…

What Changed Overnight | One Light Went Dim

What changed overnight changes the bias. Brent crude dropped 2 percent in the international session. It is now 109.81 dollars. One of those three warning lights from Monday morning has gone dim. The rupee closed at 96.35. Still above 96. But the Reserve Bank defended once and will defend again. The American markets closed mixed. No panic. Europe was strong, DAX up nearly 1.5 percent. Asia this morning is split. Japan slightly down. Hong Kong slightly up. But Korea, the KOSPI, is down 5.24 percent. That is a separate Korean story. Watch if it spreads. GIFT Nifty at 7:45 this morning was up 23 p…

The Plan | Two Trades, One Expiry

Here is how I am playing today. Two trades inside one expiry day. First half, buy on dips. If the Nifty drops toward 23500 in the morning, that is the buy. The chain is telling us the buyers stand there. The biggest desk paid for movement, so if there is going to be a dip, expect it early. Long options work here. Or just long cash. If instead we open and quickly trade up to 23750, switch sides. Sell premium. Do not chase a breakout. The chain wants the magnet, not a fresh high. Second half, the afternoon comes back to the centre. Whatever the morning prints, the afternoon fades. By the close, …

Tanmay's Read | Nvidia Tomorrow, Defensives Held Monday

One more thing to watch. Tomorrow night, Wednesday US time, Nvidia reports earnings. That is the biggest single stock event globally this week. The American chip story has been the tail wagging Indian IT. Tech Mahindra and Infosys led the rebound at home Monday. If Nvidia surprises Wednesday night, IT in India will move on Thursday morning. Plan for that. Sector tape Monday. IT up 2.43 percent. Pharma quiet but bright at the top, with Gland Pharma up 15 percent. Bharti Airtel strong. Down side, Auto, PSU Bank, Metal, Power, Media. The defensives outperformed. That is the market's flight to saf…

Highlights

Transcript Excerpt

Very good morning guys. On Friday, foreigners sold us billions of dollars worth. On Monday morning the Sensex was 1,100 points underwater by 10 AM. And then the same foreigners came back and bought us 2,813 crore of cash. The Nifty climbed all the way back to 23,650. Today is Nifty's weekly expiry. The buyers are sitting in the chair. So today is 19th May, Nifty's expiry. This is Tanmay's Edge, episode 42. Let's go. So here's the picture you are walking into on Tuesday morning. The Nifty closed Monday at 23,649. Six points above where it closed on Friday. Flat. But hidden inside that flat number is one of the wildest sessions of the season we have seen. The Sensex opened at 74,807. By 10:05 in the morning, it was 1,135 points lower. Brent crude was 111 dollars. The rupee touched 96.40, the first ever print above 96. Bitcoin lost below 80,000 dollars for the first time this month. Three macro warning lights on at the same time. And then nothing got any worse. The Sensex climbed every single point of those 1,135 back. The Nifty went from a low of 23,317 to a close of 23,650. A 332-point range. A 6-point change. The shape of the day was a V-shaped recovery that we saw yesterday. Why did the buyers come in? Because the foreigners flipped. For weeks, foreign institutional desks were the heaviest seller in the market. Year-to-date, they have sold roughly 52,000 crore. On Monday they bought 2,813 crore in cash. The domestic institutions added another 2,682 crore. Combined, almost 5,500 crore of buying, landing exactly when the index was at its low. That is what powered the V-shape recovery. And here's what makes today's expiry interesting. The biggest desk in the market | what NSE calls the proprietary trader | bought both sides on Friday. 1,17,000 calls and 1,13,000 puts at the same time. They paid for movement, not direction. On Monday they got their movement. The 330-point range delivered. And then they did it again. On Monday's close, the same desk added 2,26,000 calls…

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