Head of Trading/ Partner, AceGama Advisors

Sankalp Singh

Head of Trading/ Partner

Proprietary Trading Desk

AceGama Advisors

Trading desk specializing in the Listed & OTC options strategies for risk management & investment purposes.

Event-Driven

<ul>
<li>Equities shrug off hawkish RBI rhetoric - eye on $3 Billion inflows from MSCI rejig &amp; June Elections results</li>
<li>Short dated IVs trade lower. Quarterly-expiry IVs continue to hold at &gt;13.0% levels as they capture multiple event risks</li>
<li>Short vega positions recommended as "High &amp; Down" vol state persists. Use current scenario to buy tail hedges as protection for long Equity positions. </li>
</ul>


Equities shrug off hawkish RBI rhetoric - eye on $3 Billion inflows from MSCI rejig &amp; June Elections results
Short dated IVs trade lower. Quarterly-expiry IVs continue to hold at &gt;13.0% levels as they capture multiple event risks
Short vega positions recommended as "High &amp; Down" vol state persists. Use current scenario to buy tail hedges as protection for long Equity positions. 


EQD / NSE Volatility Update / 01-Apr-24 to 05-Apr-24

<ul>
<li>On-The-Run Quarterly Options now capture India General Elections. Position buildup can be seen in the 21,000 put and 24,000 call strikes</li>
<li>Weekly and Monthly contract risk premia being squeezed lower due to holiday shortened trading but Quarterly contracts exhibit vol richness</li>
<li>Scale back short gamma exposure as reward-risk unappealing at current IV levels</li>
</ul>


On-The-Run Quarterly Options now capture India General Elections. Position buildup can be seen in the 21,000 put and 24,000 call strikes
Weekly and Monthly contract risk premia being squeezed lower due to holiday shortened trading but Quarterly contracts exhibit vol richness
Scale back short gamma exposure as reward-risk unappealing at current IV levels


EQD / NSE Volatility Update / 25-Mar-24 to 29-Mar-24

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

<ul>
<li>The <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index</a> has been rallying for months, but in the last few weeks there has been a considerable slow down in its rising pace.</li>
<li>Currently the index is at a point where it could pull back this coming week, based on our MRM patterns reading. </li>
<li>A possible alternative scenario would be a continuation of the rally for a total of 4-5 weeks up in a row.</li>
</ul>


The NIFTY Index has been rallying for months, but in the last few weeks there has been a considerable slow down in its rising pace.
Currently the index is at a point where it could pull back this coming week, based on our MRM patterns reading. 
A possible alternative scenario would be a continuation of the rally for a total of 4-5 weeks up in a row.


<ul>
<li>The NIFTY Index this week suddenly stopped its rally and started to correct. </li>
<li>This week should close down and the next week may be also down, but if it is the odds are great for a LONG trade.</li>
<li>Re-Enter the rally at prices between 21800 and 21150, this week or the next.</li>
</ul>


The NIFTY Index this week suddenly stopped its rally and started to correct. 
This week should close down and the next week may be also down, but if it is the odds are great for a LONG trade.
Re-Enter the rally at prices between 21800 and 21150, this week or the next.


<ul>
<li>The <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index</a> has been rising for 5 days in a row, this is the second week up (CC=+2), there is a good chance it will pullback soon.</li>
<li>The index is going towards the Q3 resistance level at 22354, that would be a good area from where to start to prepare for a pullback.</li>
<li>Going SHORT may not be worth it, the right trade is to wait for the pullback and go LONG again at better prices.</li>
</ul>


The NIFTY Index has been rising for 5 days in a row, this is the second week up (CC=+2), there is a good chance it will pullback soon.
The index is going towards the Q3 resistance level at 22354, that would be a good area from where to start to prepare for a pullback.
Going SHORT may not be worth it, the right trade is to wait for the pullback and go LONG again at better prices.


EQD | NIFTY's Rally Resistance Targets Approaching: Reversal?

India

The NIFTY 50 index is National Stock Exchange of India's benchmark stock market index for Indian equity market. Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.

NIFTY Index (NIFTY INDEX)

EQD / NSE Volatility Update / 01-Apr-24 to 05-Apr-24

Equities remain resilient despite RBI's hawkish stance. Markets focused on inflows from MSCI rejig & Elections. Short vega positions & Equity Tail...

AceGama Advisors

EQD / NSE Volatility Update / 25-Mar-24 to 29-Mar-24

June Expiry date captures General Elections. Vol richness in Quarterly contracts while Weekly and Monthly contracts have lower risk premia - scale...

AceGama Advisors

EQD | Is the NIFTY's Rally Halting?

Our proprietary WEEKLY patterns model indicate this coming week will be crucial for the NIFTY's short-term direction: the index could pull back...

Nico Rosti

EQD | NIFTY Down: Where to BUY WEEKLY

The NIFTY Index is correcting after a rally, presenting a potential opportunity for a LONG trade at prices between 21800 and 21150.

Nico Rosti

EQD | NIFTY's Rally Resistance Targets Approaching: Reversal?

The NIFTY Index has been on a 5-day rise, currently up for its second consecutive week and approaching Q3 resistance at 22354. Prepare for a...

Nico Rosti

EQD / NSE Volatility Update / 01-Apr-24 to 05-Apr-24

​Equities remain resilient despite RBI's hawkish stance. Markets focused on inflows from MSCI rejig & Elections. Short vega positions & Equity Tail...

AceGama Advisors

EQD / NSE Volatility Update / 25-Mar-24 to 29-Mar-24

June Expiry date captures General Elections. Vol richness in Quarterly contracts while Weekly and Monthly contracts have lower risk premia - scale...

AceGama Advisors

EQD | Is the NIFTY's Rally Halting?

Our proprietary WEEKLY patterns model indicate this coming week will be crucial for the NIFTY's short-term direction: the index could pull back...

Nico Rosti

EQD | NIFTY Down: Where to BUY WEEKLY

​The NIFTY Index is correcting after a rally, presenting a potential opportunity for a LONG trade at prices between 21800 and 21150.

Nico Rosti

EQD | NIFTY's Rally Resistance Targets Approaching: Reversal?

​The NIFTY Index has been on a 5-day rise, currently up for its second consecutive week and approaching Q3 resistance at 22354. Prepare for a...

Nico Rosti

Equities remain resilient despite RBI's hawkish stance. Markets focused on inflows from MSCI rejig & Elections. Short vega positions & Equity Tail...

The NIFTY Index is correcting after a rally, presenting a potential opportunity for a LONG trade at prices between 21800 and 21150.

The NIFTY Index has been on a 5-day rise, currently up for its second consecutive week and approaching Q3 resistance at 22354. Prepare for a...