--- title: "Gap Up Into Resistance, The Long Gamma | The Tanmay Edge" description: "Gap Up Into Resistance, The Long Gamma Play. The Tanmay Edge EP01, 16 Mar 2026: pre-market analysis for Indian markets in 7 minutes." source_url: "https://www.rupeecase.com/podcast/episodes/2026-03-16" --- The Tanmay Edge, Season 2, EP01 # Gap up into resistance The long gamma play Pre-market analysis for Indian markets, Monday 16 Mar 2026. * **7:00**listen * **Pre trail**before the public trail * **Mon 16 Mar 2026**aired, Season 2 Now playing Gap up into resistance EP01, 16 Mar, 7:00 1x 0:00Chapter marks are estimated from the notes7:00 The host did not serve the audio here. Listen on [Apple Podcasts](https://podcasts.apple.com/us/podcast/the-tanmay-edge-indias-pre-market-edge-5-minutes/id1824088016) or [Spotify](https://open.spotify.com/show/0F755kaD5hggGDjy26Sz33). 01Scorecard ## Before the public trail. This episode aired before the public prediction trail began on 29 Apr 2026, so it carries no grade on the five call scale and is not counted in the season hit rate. [The whole season, graded](/podcast/#trail)[Methodology](/track-record) 02In this episode ## 6 chapters, the numbers pulled out. 1. **06**Trading plan & levelsMy bias: sell the gap up rally, not buy it. First half weakness, possible recovery later. 2. **06**Trading plan & levelsMy bias: sell the gap up rally, not buy it. First half weakness, possible recovery later. 3. **06**Trading plan & levelsMy bias: sell the gap up rally, not buy it. First half weakness, possible recovery later. 4. **06**Trading plan & levelsMy bias: sell the gap up rally, not buy it. First half weakness, possible recovery later. 5. **06**Trading plan & levelsMy bias: sell the gap up rally, not buy it. First half weakness, possible recovery later. 6. **06**Trading plan & levelsMy bias: sell the gap up rally, not buy it. First half weakness, possible recovery later. Market overview **46 pts**GIFT Nifty **23,249**GIFT Nifty pts **$104**Brent crude above **₹56,883 crore**FIIs sold "You don't need more information. You need the right information, here's what matters today." GIFT Nifty +46 pts at 23,249. Brent crude above $104. FIIs sold ₹56,883 crores in March alone, and in F&O, they're sitting on 2.6 lakh short index futures contracts Read the chapter F&O positioning "Sixteen years on these desks taught me one thing, the market always telegraphs. You just have to know where to look." Gap up of 46 points is not a reason to go long, FII positioning says the opposite. Read the chapter Options & GEX analysis **24.64**Expiry tomorrow, IV "That's not a prediction. That's preparation. There's a difference, and that difference is your edge." It's expiry tomorrow, IV at 24.64 with ₹500 straddle means the market wants to move big today. 23,200 is the number. Watch it like a hawk at 9:20. Key Read the chapter Commodities & FX **$104**Brent crude above **₹10,700 crore**FIIs dumped **77 points**Trying to gap Brent crude above $104. FIIs dumped ₹10,700 crores on Friday. And Nifty is trying to gap up 77 points this morning. The question isn't whether we open green. The question is, can it hold? Let's find out. You're listening to The Tanmay Edge. India's pre-market Read the chapter Sector watch **$104**Crude above Crude above $104 is a wildcard, watch Energy and Oil & Gas for relative strength. Read the chapter Trading plan & levels My bias: sell the gap up rally, not buy it. First half weakness, possible recovery later. Gap up open, but can it hold? Read the chapter 03The notes ## Chapter by chapter. ### *01*Market overview "You don't need more information. You need the right information, here's what matters today." GIFT Nifty +46 pts at 23,249. Brent crude above $104. FIIs sold ₹56,883 crores in March alone, and in F&O, they're sitting on 2.6 lakh short index futures contracts while clients are positioned completely long. Tomorrow is expiry. IV is elevated at 24.64 with ₹500 straddles. The market wants to move. ### *02*F&O positioning "Sixteen years on these desks taught me one thing, the market always telegraphs. You just have to know where to look." Gap up of 46 points is not a reason to go long, FII positioning says the opposite. ### *03*Options & GEX analysis "That's not a prediction. That's preparation. There's a difference, and that difference is your edge." It's expiry tomorrow, IV at 24.64 with ₹500 straddle means the market wants to move big today. 23,200 is the number. Watch it like a hawk at 9:20. Key levels: 23,200 gamma flip. Below, 23,000 and 22,800. Above, 23,400 and 23,500 major wall. One standard deviation range: 22,564 to 23,800. Today's read: sell the gap, not buy it. Weakness in first half, possible recovery later. Sectors with relative strength: Energy, Pharma, FMCG. Avoid: Auto, Finance, IT. ### *04*Commodities & FX Brent crude above $104. FIIs dumped ₹10,700 crores on Friday. And Nifty is trying to gap up 77 points this morning. The question isn't whether we open green. The question is, can it hold? Let's find out. You're listening to The Tanmay Edge. India's pre-market edge. Five minutes. Every trading day. I'm Tanmay Kurtkoti, and this is Season 2, Episode 1. New format. Cleaner. Sharper. Let's go. ### *05*Sector watch Crude above $104 is a wildcard, watch Energy and Oil & Gas for relative strength. ### *06*Trading plan & levels My bias: sell the gap up rally, not buy it. First half weakness, possible recovery later. Gap up open, but can it hold? 05In his words You don't need more information. You need the right information, here's what matters today. 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. Questions ## EP01, in plain words. What does EP01 of The Tanmay Edge cover?EP01, Monday 16 Mar 2026, 7:00, in 6 chapters: Market overview; F&O positioning; Options & GEX analysis; Commodities & FX; Sector watch; Trading plan & levels. How did the calls in EP01 score?It aired before the public prediction trail began on 29 Apr 2026, so it is not graded on the five call scale and not counted in the season hit rate. Is The Tanmay Edge investment advice?No. It is market commentary for education only, not a recommendation to buy or sell any security. RupeeCase is not a SEBI registered investment adviser, and strategy figures on RupeeCase are model, back tested. Explore next ## Learn what the episode covers. * [Free module 6.9Gold, Commodities, and International Investing for Indian Investors8 min read](/learn/path-6/module-6-9-gold-commodities-international) * [Podcast archiveMarch 2026 episodesEvery call that month, graded](/podcast/2026-03/) * [Free module 7.4INR, FII Flows, and Global Market Linkages10 min read](/learn/path-7/module-7-4-inr-fii-flows-global-linkages) * [Free module 7.6Corporate Earnings Cycle in India10 min read](/learn/path-7/module-7-6-corporate-earnings-cycle-india) Community ## Join my WhatsApp group. Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me. [Sign up for RupeeCase](https://invest.rupeecase.com/signup) [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7) [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera 07Read next ## Behind the calls. [Learn, module 2.3Risk Metrics That MatterEvery strategy shows you a CAGR. Fewer show you the drawdown. Almost none explain what the Sharpe ratio actually means.Intermediate, 8 min](/learn/path-2/module-2-3-risk-metrics-that-matter)[Learn, module 6.6Derivatives: Futures and Options for the Systematic InvestorThe F&O market in India is one of the largest derivatives markets in the world by volume. Most retail participants loseIntermediate, 8 min](/learn/path-6/module-6-6-derivatives-futures-options) [StrategyNifty 50 Equal WeightAll 50 Nifty names, equal weight. The simplest card on the lineup.Model, back tested CAGR 16.4%, as of 27 Apr 2026. 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