--- title: "Post-Expiry Consolidation | The Tanmay Edge" description: "Bulls won the expiry. Can they hold above 23,600?Yesterday's story: Nifty closed 23,581 (+172 pts), IV crushed 88% on expiry, VIX dropped 8.38% to 19.79." source_url: "https://www.rupeecase.com/podcast/episodes/2026-03-18" --- The Tanmay Edge, Season 2, EP03 # Post-Expiry consolidation Fii net short position reduced to 2,40,775 contracts * **6:00**listen * **Pre trail**before the public trail * **Wed 18 Mar 2026**aired, Season 2 Now playing Post-Expiry consolidation EP03, 18 Mar, 6:00 1x 0:00Chapter marks are estimated from the notes6:00 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 ## 4 chapters, the numbers pulled out. 1. **04**Sector watchCrude pulling back from $104 to $102 is actually good news for India, reduces import pressure. Watch Energy 2. **04**Sector watchCrude pulling back from $104 to $102 is actually good news for India, reduces import pressure. Watch Energy 3. **04**Sector watchCrude pulling back from $104 to $102 is actually good news for India, reduces import pressure. Watch Energy 4. **04**Sector watchCrude pulling back from $104 to $102 is actually good news for India, reduces import pressure. Watch Energy Market overview **23,664**GIFT Nifty **23,600**Gap up straight **20 lakh**Straight into resistance, where **23,500**Post-expiry consolidation likely between "You don't need more information. You need the right information, here's what matters today." "That's not a prediction. That's preparation. There's a difference, and that difference is your edge." Today's setup: GIFT Nifty +82 at 23,664 signals a moderate gap Read the chapter F&O positioning **23,581**Nifty closed **88%**IV crushed **8.38%**Expiry, VIX dropped **2,40,775**Short position reduced "Sixteen years on these desks taught me one thing, the market always telegraphs. You just have to know where to look." Yesterday's story: Nifty closed 23,581 (+172 pts), IV crushed 88% on expiry, VIX dropped 8.38% to 19.79. And for the first time in weeks Read the chapter Options & GEX analysis **23,500**Market just moved hard **20 lakh**Today's lid **23,650**Consolidation between **23,600**Can they hold above Post-expiry day is a digestion day. The market just moved hard, 23,500 broke, VIX crushed, bulls celebrated. Today the smart money asks: was that sustainable or just a gamma squeeze? FIIs bought index futures for the first time yesterday (+₹1,247 Cr). Small Read the chapter Sector watch **$104**Crude pulling back **$102**Pulling back Crude pulling back from $104 to $102 is actually good news for India, reduces import pressure. Watch Energy sector for selective opportunities but don't chase. 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." "That's not a prediction. That's preparation. There's a difference, and that difference is your edge." Today's setup: GIFT Nifty +82 at 23,664 signals a moderate gap up straight into 23,600 resistance, where 20 lakh calls are written. Post-expiry consolidation likely between 23,500 and 23,650. Brent crude pulling back from $104 to $102, constructive for India. Sectors to watch: Auto (Strong Buy), Finance (Strong Buy). Avoid IT. VIX at 19.00, fear is fading but the trend hasn't reversed yet. ### *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." Yesterday's story: Nifty closed 23,581 (+172 pts), IV crushed 88% on expiry, VIX dropped 8.38% to 19.79. And for the first time in weeks, FIIs bought index futures (+₹1,247 Cr) while still selling cash (-₹4,741 Cr). A small number, but the first crack in the short wall. FII net short position reduced to 2,40,775 contracts. ### *03*Options & GEX analysis Post-expiry day is a digestion day. The market just moved hard, 23,500 broke, VIX crushed, bulls celebrated. Today the smart money asks: was that sustainable or just a gamma squeeze? FIIs bought index futures for the first time yesterday (+₹1,247 Cr). Small number. But the first number. Watch if this becomes a trend over the next 2-3 days. That's when it matters. 23,600 is today's lid, 20 lakh calls sitting right there. Opening above it doesn't mean it holds. Wait for the first 30 minutes before taking fresh positions. My bias: consolidation between 23,500 and 23,650 today. Auto and Finance for selective longs. Avoid IT. Sell premium if IV spikes at open. Bulls won the expiry. Can they hold above 23,600? ### *04*Sector watch Crude pulling back from $104 to $102 is actually good news for India, reduces import pressure. Watch Energy sector for selective opportunities but don't chase. 04Key takeaways ## 1 things to carry into the session. * *01*Fii net short position reduced to 2,40,775 contracts 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 ## EP03, in plain words. What does EP03 of The Tanmay Edge cover?EP03, Wednesday 18 Mar 2026, 6:00, in 4 chapters: Market overview; F&O positioning; Options & GEX analysis; Sector watch. How did the calls in EP03 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) * [StrategyNifty 50 Equal Weight strategyNifty 50, 50 stocks, every 4 weeks](/strategies/nifty-50-equal-weight) * [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. 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