--- title: "Nifty Expiry Day. The Buyers Came Back | The Tanmay Edge" description: "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" source_url: "https://www.rupeecase.com/podcast/episodes/2026-05-19" --- The Tanmay Edge, Season 2, EP42 # Nifty expiry day. The buyers came back Nifty Monday close 23,649 plus 6 points flat from Friday but a 332 point intraday range * **7:14**listen * **4/5**graded at settlement * **Tue 19 May 2026**aired, Season 2 Now playing Nifty expiry day. The buyers came back EP42, 19 May, 7:14 1x 0:00Chapter marks are estimated from the notes7:14 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 ## 4/5 at settlement. **4/5**80% **The call.** Weekly Expiry * **4**Hit * **0**Partial * **0**Mechanical * **1**Miss Graded the next trading day, 20 May 2026, against NSE settlement. 1. **Hit**18.68. Best grade since EP40. Direction right levels tight pattern narrowing 32 pts vs EP40 386 pts. Magnet split USD INR 96.50 break plus KOSPI minus 3.36 pulled tape to day VWAP 23,618 not chain magnet 23,700. 2. **Hit**18.68. Best grade since EP40. Direction right levels tight pattern narrowing 32 pts vs EP40 386 pts. Magnet split USD INR 96.50 break plus KOSPI minus 3.36 pulled tape to day VWAP 23,618 not chain magnet 23,700. 3. **Hit**18.68. Best grade since EP40. Direction right levels tight pattern narrowing 32 pts vs EP40 386 pts. Magnet split USD INR 96.50 break plus KOSPI minus 3.36 pulled tape to day VWAP 23,618 not chain magnet 23,700. 4. **Hit**18.68. Best grade since EP40. Direction right levels tight pattern narrowing 32 pts vs EP40 386 pts. Magnet split USD INR 96.50 break plus KOSPI minus 3.36 pulled tape to day VWAP 23,618 not chain magnet 23,700. 5. **Hit**18.68. Best grade since EP40. Direction right levels tight pattern narrowing 32 pts vs EP40 386 pts. Magnet split USD INR 96.50 break plus KOSPI minus 3.36 pulled tape to day VWAP 23,618 not chain magnet 23,700. 6. **Hit**18.68. Best grade since EP40. Direction right levels tight pattern narrowing 32 pts vs EP40 386 pts. Magnet split USD INR 96.50 break plus KOSPI minus 3.36 pulled tape to day VWAP 23,618 not chain magnet 23,700. [The whole season, graded](/podcast/#trail)[May 2026 archive](/podcast/2026-05/)[Methodology](/track-record) 02In this episode ## 8 chapters, the numbers pulled out. 1. **08**Tanmay's read: nvidia tomorrow, defensivesOne more thing to watch. Tomorrow night, Wednesday US time, Nvidia reports earnings. That is the biggest 2. **08**Tanmay's read: nvidia tomorrow, defensivesOne more thing to watch. Tomorrow night, Wednesday US time, Nvidia reports earnings. That is the biggest 3. **08**Tanmay's read: nvidia tomorrow, defensivesOne more thing to watch. Tomorrow night, Wednesday US time, Nvidia reports earnings. That is the biggest 4. **08**Tanmay's read: nvidia tomorrow, defensivesOne more thing to watch. Tomorrow night, Wednesday US time, Nvidia reports earnings. That is the biggest 5. **08**Tanmay's read: nvidia tomorrow, defensivesOne more thing to watch. Tomorrow night, Wednesday US time, Nvidia reports earnings. That is the biggest 6. **08**Tanmay's read: nvidia tomorrow, defensivesOne more thing to watch. Tomorrow night, Wednesday US time, Nvidia reports earnings. That is the biggest 7. **08**Tanmay's read: nvidia tomorrow, defensivesOne more thing to watch. Tomorrow night, Wednesday US time, Nvidia reports earnings. That is the biggest 8. **08**Tanmay's read: nvidia tomorrow, defensivesOne more thing to watch. Tomorrow night, Wednesday US time, Nvidia reports earnings. That is the biggest Cold open: the buyers are sitting in the chair **1135 points**Morning the Sensex **2813 crore**Back and bought us **23,649**Way back 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 23,649. Today is Nifty weekly Read the chapter The scene: a V inside a flat number **23,649**Nifty closed Monday **74,807**Sensex opened **96.40**Rupee touched **80,000**Bitcoin lost Here is the picture you are walking into on Tuesday morning. The Nifty closed Monday at 23,649. 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 74,807. By 10:05 Read the chapter Why the buyers came: the foreigners flipped **52,753**Have sold roughly **2813 crore**Monday they bought **2682 crore**Domestic institutions added another 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 52,753 crore. On Monday they bought 2813 crore in cash. The domestic institutions Read the chapter The trade structure: the biggest desk paid twice **2,26,000**Same desk added **1,48,000**Desk added calls 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 332 point range delivered. And Read the chapter What the chain says: support migrated down **24,000**Market cannot reach **23,700**Put support **2.07**Put writers at unwound **23,400**Support today The biggest call position in the chain is at 24,000. 12.62 million contracts. That is the ceiling. The market cannot reach 24,000 today. That is mathematically too far. Above 23,800 the air gets thin. On the support side, here is what shifted. Last week the Read the chapter What changed overnight: one light went dim **2 percent**Brent crude dropped **96.35**Rupee closed **1.5 percent**Strong, DAX up nearly 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 Read the chapter The plan: two trades, one expiry **23,500**Nifty drops toward **23,750**Quickly trade **23,650**Wants to settle between **96.50**Rupee opens past Here is how I am playing today. Two trades inside one expiry day. First half, buy on dips. If the Nifty drops toward 23,500 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 Read the chapter Tanmay's read: nvidia tomorrow, defensives held Monday **15 percent**Gland Pharma 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 Read the chapter 03The notes ## Chapter by chapter. ### *01*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 23,649. Today is Nifty weekly expiry. The buyers are sitting in the chair. This is The Tanmay Edge. ### *02*The scene: a V inside a flat number Here is the picture you are walking into on Tuesday morning. The Nifty closed Monday at 23,649. 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 74,807. 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 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 1135 back. The Nifty went from a low of 23,317 to a close of 23,649. A 332 point range. A 6 point change. The shape of the day is a V. ### *03*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 52,753 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. ### *04*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. 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 332 point range delivered. And then they did it again. On Monday close, the same desk added 2,26,000 calls and 1,48,000 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. Retail clients are positioned bullish, both in futures and in short puts. Today is expiry. Today the chain decides whose bet wins. ### *05*What the chain says: support migrated down The biggest call position in the chain is at 24,000. 12.62 million contracts. That is the ceiling. The market cannot reach 24,000 today. That is mathematically too far. Above 23,800 the air gets thin. On the support side, here is what shifted. Last week the heaviest put support was at 23,700. On Monday the put writers at 23,700 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 23,400. 11.91 million contracts, up 6.71 million in one day. The second heaviest is 23,500. The support migrated down. The 23,700 level that pulled the V recovery Monday is weaker today than it was last week. Expected range 23,444 to 23,856. That comes from the option premium at 23,650. Call 104 plus put 101 equals 206. Add or subtract that from where we are and you have today's runway. ### *06*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 points. A tiny gap up. Almost flat. ### *07*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 23,500 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 23,750, 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, the option market wants to settle between 23,650 and 23,750. That is the magnet zone. Sell stretched moves both sides as the day winds down. Your protection is at 23,400. If overnight Brent flips back above 112 or the rupee opens past 96.50, the 23,400 put is what protects the cash. Otherwise you do not need it. About 31 rupees on Monday close. 1500 rupees per lot of 65. Less than a coffee. Net plan, buy options in the morning, sell options in the afternoon. One day. Two trades. The same expiry. ### *08*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 safety on a wild day. On RupeeCase, the Nifty Momentum 10 strategy held steady through Monday's V. Track it live on rupeecase dot com. Next rebalance mid June. 04Key takeaways ## 20 things to carry into the session. * *01*Nifty Monday close 23,649 plus 6 points flat from Friday but a 332 point intraday range * *02*Sensex opened 74,807 dropped 1135 points by 10:05 AM then climbed every point back * *03*Nifty intraday low 23,317 V recovery into 23,649 close * *04*Brent crude 111 dollars Monday morning eased to 109.81 overnight one warning light dimmed * *05*Rupee touched 96.40 Monday first ever print above 96 to one US dollar closed 96.35 * *06*Bitcoin lost 80,000 dollars Monday first time this month * *07*FII cash plus 2813 crore Monday first net buy after a long selling streak * *08*DII cash plus 2682 crore combined 5495 crore landed at the 23,317 low * *09*FII year to date sellers roughly 52,753 crore exceeds full year 2025 * *10*Pro added 2,26,000 calls plus 1,48,000 puts Monday close same long volatility structure as Friday with a bullish tilt * *11*Friday Pro bought 1,17,484 calls and 1,13,445 puts in one session paid for movement not direction * *12*Biggest call position 24,000 with 12.62 million contracts the ceiling too far to touch today * *13*Biggest put support 23,400 with 11.91 million contracts up 6.71 million in one day * *14*Put writers at 23,700 unwound 2.07 million contracts and re stacked support 200 points lower * *15*Expected range today 23,444 to 23,856 from the 23,650 straddle priced at 206 * *16*Magnet zone at close 23,650 to 23,750 * *17*23,400 put 31 rupees Monday close 1500 rupees per lot of 65 for cash protection * *18*GIFT Nifty 7:45 AM IST plus 23 points a tiny gap up * *19*KOSPI minus 5.24 percent Asia wild card watch if it spreads DAX plus 1.5 percent Europe firm * *20*Sector tape Monday IT plus 2.43 percent Gland Pharma plus 15 Auto PSU Bank Metal Power Media down Show all 20 05In his words On Friday foreigners sold us a billion dollars worth. On Monday they bought us 2813 crore in cash. The buyers are sitting in the chair. Hidden inside that flat number is one of the wildest sessions of the year. 5495 crore of buying. Landing exactly when the index was at its low. That is what powered the V. 06Transcript ## The full episode, in text. Read the transcript Reading mode Copy link 1,063 words, about 5 min to read 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. 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 and 1,48,000 puts. Same structure, this time leaning a little more 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. Retail clients are positioned extremely bullish, both in futures as well as short puts. Today is Nifty's expiry. Today the chain decides who bets and who wins. Let me read the chain as well. 26 crore contracts. That is the ceiling. The market cannot reach 24,000 today. That is mathematically too far. Above 23,800 the air gets thinner. On the support side, here is what shifted. Last week the heaviest support was at 23,700. On Monday the put writers at 23,700 unwound roughly 20 lakh contracts. They walked away from that level and they re-stacked their support lower. 71 million in one day. The second heaviest is 23,500. The support is now migrated down. The 23,700 level that pulled the V-shape recovery on Monday is weaker today than it was last week. The expected range is 23,440 to 23,850. That comes from the option premium of 23,650 call and put, total of 206. Where the straddle is trading. Add or subtract that one standard deviation and you will get the reach. So what changed overnight changes the bias. Brent crude dropped 2 percent in the international session. 81 dollars. One of those three warning lights from Monday morning has gone dim. 35, still above that 96 mark. But the Reserve Bank defended once and will defend again. The American markets are closed, no panic. 5 percent. And Asia this morning is split. Japan slightly down. Hong Kong slightly up. 24 percent. That is a separate Korean story, watch if it spreads out. GIFT Nifty today is trading up by 23 points. A tiny gap up. Almost flat. Here is how I am going to play today. Two trades inside one expiry day. First half, buy on dips. If Nifty drops towards 23,500 in the morning, that is a buy. The chain is telling us the buyers stand there. The biggest desk paid for the 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 23,750, 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, the option market wants to settle between 23,650 to 23,750. That is the magnet zone. Sell stretched moves both sides as the day winds down. Your protection is 23,400 for the put. 50, the 23,400 put is what protects the cash today. Otherwise you do not need it. Net plan, buy options in the morning, sell options in the afternoon. One day. Two trades. The same expiry. One more thing to watch guys. Tomorrow night, Wednesday US time, Nvidia reports the earnings. This is the biggest single-stock event globally this week. The American chip story has been the tail wagging Indian IT. Tech Mahindra Infosys led the rebound at home on Monday. If Nvidia surprises tomorrow, IT in India will move on Thursday morning. Plan for that as well. Now the sectoral tape. 43 percent yesterday. Pharma quiet but bright at the top. Bharti Airtel strong. So Auto, PSU Banks, Metal, Power, Media, the defensives have outperformed. That is the market's flight to safety on a wild day. On RupeeCase Nifty, the Momentum 10 strategy held steady through Monday's V-shaped recovery. com. Next rebalance is in middle of June. That is The Tanmay Edge for Tuesday guys, 19th May. The buyers came back on Monday. Today they have to settle the bill. Two trades, one expiry, one magnet at 23,700. If this helped you guys, share it with one trader friend who needs it right now. com. That is where the strategies live too. Apple Podcast or Spotify carry the audio session. I will see you all tomorrow, same time, same chair. Until then, trade light, trade with a plan, and protect your wing. Have a happy expiry guys. This is Tanmay, and you are listening to The Tanmay Edge. Questions ## EP42, in plain words. What does EP42 of The Tanmay Edge cover?EP42, Tuesday 19 May 2026, 7:14, in 8 chapters: Cold open: the buyers are sitting in the chair; The scene: a V inside a flat number; Why the buyers came: the foreigners flipped; The trade structure: the biggest desk paid twice; What the chain says: support migrated down; What changed overnight: one light went dim; The plan: two trades, one expiry; Tanmay's read: nvidia tomorrow, defensives held Monday. How did the calls in EP42 score?Grade 4/5 (80 percent): 4 hit, 0 partial, 0 mechanical, 1 miss. Graded the next trading day, 20 May 2026, against NSE settlement. 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. 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