Season 2, Episode 52 | 2026-06-03
Opened At The Low. Closed At The Magnet.
At nine in the morning the screen was red and half the market reached for the exit. By half past three it was green, and Nifty had walked all the way back to 23483.55, up 0.43 percent, right onto 23500.
Cold Open | EP51 Graded Four Out Of Five
At nine o'clock yesterday morning the screen was red and half the market reached for the exit. By half past three it was green, and price had walked all the way back to where the week began. That round trip is the whole story. This is The Tanmay Edge. You are listening to episode 52. I am Tanmay Kurtkoti. Let's go. Five calls on EP51. 23145 holds on the downside, the low was 23229, hit. 23600 stays a ceiling, the high was 23557, hit. IT leads, the IT index closed up 3.83 percent, hit. The fear gauge stays above 15, it slid to 15 and kept falling, miss. And the homes keep buying, they bought 90…
Tuesday Decoded | Open Was The Low, Close Was The Magnet
Nifty gapped down to 23229 at the open, and that open was the low of the entire day. From there, every dip got bought. The high was 23557 in the afternoon, and the close was 23483.55, up 0.43 percent, right back on 23500, the level the chain wanted all along. Thirty four stocks up, sixteen down. Sensex did the same thing, closing at 74649.84, up 0.52 percent, and the bank index was barely positive, up 0.20.
Under The Bonnet | One Engine, Heavy Train
One sector did everything. IT. TCS closed up 6.53 percent. Infy up 5.66. HCL Tech up 4.08. The IT index up 3.83 as a block, all of it imported straight from another record night on the Nasdaq. And against that, the rest bled. NTPC fell 2.89 percent. Axis Bank fell 1.88. ICICI down 1.06. Power Grid down 1.38. So the headline was green, but it was one engine pulling a very heavy train.
The Standoff | Foreigners Short, Homes Buying
On the flows, the foreign desks sold 7824 crore in the cash market and the homes bought 9058 and soaked it all up, the pattern that has held for weeks. But the tell most people miss is in the futures. Those same foreign desks are sitting net short the index, almost 280000 contracts of bearish bets, even while they keep selling the cash. They are positioned for a fall. The homes are buying the dip. That standoff is the entire market right now. A rally built on one sector is strong and fragile at the same time. If that one engine cools for even a single session, there is nothing underneath to ca…
The Overnight | Crude Climbs Into A Rate Decision
GIFT Nifty is flat at 23487, no edge either way at the open. Asia is split, the Nikkei up 2.51 percent and Taiwan up 1.92, but Hong Kong down 1.30. Overnight both the S&P at 7609 and the Nasdaq at 27093 sat at fresh records. The number that actually moved is crude. Brent has climbed to 96.76, up nearly 3 dollars in two sessions, and it is knocking on 97. WTI is at 94.60. Gold eased to 4478. The dollar index is steady at 99.21 and the rupee at 95.27. Crude is the one going the wrong way at exactly the wrong time. On Friday the Reserve Bank gives its rate decision, and oil is the single biggest …
The Sensex Book | Boxed In At 74900
Today is the one day before the Sensex weekly settles. The Nifty weekly already settled yesterday, so the action sits in the Sensex, and the option book there is leaning supportive. For tomorrow's expiry there are eleven puts on the book for every ten calls, more downside protection than upside bets. Max pain sits at 74900 and we closed just under it at 74650, so there is a gentle pull upward into tomorrow. The heaviest pile of downside protection is at 73000, almost 2 million contracts, with another 1.3 million at 74000. The biggest wall of upside bets is at 76000, 1.8 million. The book is bo…
The Plan | Lean With IT, Respect 74000
On the Sensex, 74900 is the magnet, 75000 the first ceiling, 74000 the line that has to hold. On the Nifty, 23500 is the centre, 23300 the support where about 5 million contracts of protection sit, and 23557 the ceiling. If IT leads again and the Sensex holds 74900, lean with the grind toward 75000, and only above 75000 does 76000 come into view. If 74000 or 23300 breaks and stays broken for fifteen minutes, step back, next stop 73500 then 73000. Two trip wires. Brent above 97, already live at 96.76. And the 10 year above 7.05, near 7 this morning. Small account, do not pick a direction the da…
Highlights
- EP51 graded four out of five best card in weeks
- 23145 held downside low was 23229 hit
- 23600 ceiling held high was 23557 hit
- IT led IT index up 3.83 percent hit
- Fear gauge stay above 15 missed slid to 15 and falling
- DII bought 9058 crore hit
- Nifty open 23229 was the low of the day
- Nifty closed 23483.55 up 0.43 percent back on 23500
- Sensex closed 74649.84 up 0.52 percent
- Breadth 34 stocks up 16 down
- TCS up 6.53 Infy up 5.66 HCL Tech up 4.08
- NTPC down 2.89 Axis down 1.88 Power Grid down 1.38
- FII sold 7824 crore cash DII bought 9058 crore
- FII net short index futures almost 280000 contracts
- GIFT Nifty flat 23487 Nikkei up 2.51 Hong Kong down 1.30
- S&P 7609 Nasdaq 27093 fresh records overnight
- Brent 96.76 up nearly 3 dollars knocking on 97 WTI 94.60
- India 10Y at 7 percent dollar index 99.21 rupee 95.27
- Sensex Thu chain 11 puts for every 10 calls max pain 74900
- Sensex walls 73000 and 74000 puts below 76000 calls above
Transcript Excerpt
A very good morning, guys. At 9 o'clock yesterday morning, the screen was completely red. Half the market had reached for the exits. And by close, it was all green once again, and the price had walked all the way back to where the week had begun. This round trip is the whole story for today. This is The Tanmay Edge. You are listening to episode 52, and I am Tanmay Kurtkoti. Let's go. So let me close out yesterday's calls first. We spoke on 5 calls. 23145 should hold on the downside. The low was 23229. It was a hit. 23450 to 500 happens as an expiry zone, and the expiry happened right between that. Then IT should lead. The IT index closed up 3.83 percent. 23500 to 600 would be the ceiling. 23600 was the ceiling, 23557 was hit. The fear gauge staying above 15 was the only call that was a miss. The DIIs bought another 9054 crore of equities, that was expected. So here is what actually happened yesterday and what we are looking at today as well. Nifty gapped down yesterday to 23229 at the open, and the open was the low of the entire day. From there, every dip was bought. The high was 23557 in the afternoon, and the close was 23483, up 0.43 percent, right back on that 23500 level the chain wanted all week and was building for. 34 stocks up, 16 down. Sensex did the same thing, closed up 0.52 percent at 74650, and the bank index was barely positive, just 0.2 percent up. Now look underneath, because this is the part that matters. One sector did everything: IT. TCS closed up 6.53 percent. Infy was up 5.66 percent. HCL Tech was up 4 percent. The IT index 3.83 percent as a block, all imported straight from another record night on the Nasdaq. And against that, the rest bled. NTPC fell 2.89 percent. Axis Bank fell 1.88 percent. ICICI down 1 percent. Power Grid down 1.38 percent. So the headline was green, but it was one engine pulling a heavy train. That is what happened yesterday. And on the flows, the FIIs sold 7824 crore in the cash market and the DIIs bought 9058 crore. The …
Continue Beyond This Episode
Concepts you heard above are covered in detail in the RupeeCase Learn library, and the live strategies on the marketplace put the same systematic approach to work. Free, no sign-up.
- Learn library | 11 paths, 70+ free modules covering momentum, multi-asset, risk metrics, factor investing, behavioural finance and execution.
- Why rules beat gut feeling | the systematic case the show is built on.
- Momentum factor deep dive | the engine behind every RupeeCase equity strategy.
- RBI monetary policy | how the macro signals discussed every morning shape the next session.
- RupeeCase Strategy Marketplace | 17 systematic portfolios from RupeeCase Nifty 10 (entry-level) to AllCap Multi Asset (best Sharpe).
- Take the 2-min risk profile | get matched to a strategy that fits your tier and capital band.
- All episodes | every prior session of The Tanmay Edge.