NSE F&O · Positioning State

Positioning-State Watchlist

Deterministic rules, no scores · crowded, coiled and early-build states per session — and how they played out.

Session
Sector
How to read it. The engine measures the crowd’s mark-to-market: it builds each crowd’s VWAP basis over its current accumulation episode (OI-trough → today, rollover-aware) and asks how far spot has moved from that average, and on the winning or losing side. Vulnerable = a one-sided crowd whose book is thinning, with near-money opposite-side option-writing fuel. Two ways in: trapped — the crowd is losing by more than half of its implied move (a losing short covers into a squeeze, a losing long capitulates); or winning but thinning — the crowd banks profit as the catalyst fades and pulls its support, a shallower move the same way. Early-build = fresh committed flow, OI still low, crowd near their average entry (hasn’t run) — positioning ahead of the move, to ride with. ⚑ Review = the net-OI read isn’t trustworthy (churn on volume / two-sided build) — escalated for your call, not force-stamped. The spark stays exogenous; this is state, not a directional prediction.
⚡ Igniting now — 5 · the crowd has started to exit (futures covering with the thesis). Pinned to the top of the vulnerable lists below. Live context, not a hit-rate edge (~14% ≈ baseline forward).
ASIANPAINT (+1.3%, carried)INFY (+1.1%, carried)PAYTM (+0.7%, carried)POLICYBZR (+0.7%, carried)DIVISLAB (+0.1%, carried)
⚠ Self-correction — 6 NEW · 14 still failing
Names we backed to ride WITH, now moving against that call. NEW = just caught, worth a look. Still failing = same call, still bad, shown again until it clears.
new today — 6
JIOFINLONG-3.6%crowd gaining ground (+1% → -3% vs avg entry) · position shrinking (100→100%ile) · new money turned bearish · flagged 08-07
DELHIVERYLONG-2.8%crowd gaining ground (+2% → -3% vs avg entry) · position shrinking (54→31%ile) · crowd exiting · new money turned bearish · flagged 08-07
SHREECEMLONG-2.8%crowd losing ground (-1% → +7% vs avg entry) · position shrinking (100→88%ile) · crowd exiting · flagged 08-11
ADANIPORTSSHORT-2.5%crowd losing ground (-1% → +2% vs avg entry) · position shrinking (96→77%ile) · crowd exiting · flagged 08-13
VOLTASSHORT-2.3%crowd losing ground (-1% → +2% vs avg entry) · position building (27→50%ile) · new money turned bullish · flagged 08-07
ADANIENSOLSHORT-1.8%crowd gaining ground (-1% → -1% vs avg entry) · position building (69→85%ile) · new money turned bullish · flagged 08-13
still failing — 14
JUBLFOODSHORT-5.5%crowd gaining ground (-0% → -3% vs avg entry) · position shrinking (100→100%ile) · new money turned bullish · flagged 08-12
OILSHORT-5.4%crowd losing ground (-0% → +6% vs avg entry) · position shrinking (42→4%ile) · crowd exiting · flagged 08-07
BIOCONLONG-5.3%crowd losing ground (-2% → +4% vs avg entry) · position shrinking (54→50%ile) · new money turned bearish · flagged 08-06
APLAPOLLOSHORT-3.9%crowd gaining ground (+2% → -1% vs avg entry) · position shrinking (100→100%ile) · new money turned bullish · flagged 08-12
INDUSTOWERSHORT-3.9%crowd gaining ground (-1% → -2% vs avg entry) · position building (27→50%ile) · new money turned bullish · flagged 08-10
SUPREMEINDSHORT-3.6%crowd losing ground (-2% → +3% vs avg entry) · position shrinking (54→42%ile) · crowd exiting · new money turned bullish · flagged 08-07
LODHASHORT-3.5%crowd losing ground (-1% → +1% vs avg entry) · position building (27→42%ile) · new money turned bullish · flagged 08-12
DLFSHORT-3.2%crowd losing ground (-1% → +3% vs avg entry) · position building (31→54%ile) · new money turned bullish · flagged 08-07
OBEROIRLTYSHORT-3.2%crowd losing ground (-2% → +3% vs avg entry) · position shrinking (27→4%ile) · crowd exiting · flagged 08-06
GODREJCPSHORT-2.7%crowd losing ground (-4% → -1% vs avg entry) · position shrinking (100→92%ile) · crowd exiting · flagged 08-12
PHOENIXLTDLONG-2.6%crowd losing ground (-1% → -1% vs avg entry) · position building (92→100%ile) · new money turned bearish · flagged 08-10
AMBERSHORT-2.5%crowd losing ground (-2% → +1% vs avg entry) · position shrinking (73→65%ile) · crowd exiting · new money turned bullish · flagged 08-10
GRASIMLONG-2.4%crowd losing ground (-2% → +1% vs avg entry) · position shrinking (73→12%ile) · crowd exiting · new money turned bearish · flagged 08-07
CONCORLONG-2.2%crowd losing ground (-1% → +0% vs avg entry) · position shrinking (92→88%ile) · crowd exiting · flagged 08-13
FRAMEWORK CROSS-CHECK11

Names in both the positioning map and the framework scan — positioning state vs the framework’s final call (● green = leans agree · red = tension).

NamePositioningFramework call
● AMBER heldBUYERLONG · ARM gate · chain CONFLUENCE/WITH
ASHOKLEY heldREVIEWLONG · ARM gate · chain LEAN/WITH
● MARICO heldSQUEEZELONG · ARM gate · chain STRONG/WITH
SOLARINDS heldREVIEWLONG · ARM gate · chain QUIET/NEUTRAL
● ASIANPAINT heldEARLY-SLONG · SKIP gate · chain STRONG/AGAINST
ABBCOVERLONG · ARM gate · chain CONTESTED/NEUTRAL
● NAM-INDIAEARLY-SSHORT · ARM gate · chain QUIET/NEUTRAL
OFSSREVIEWLONG · ARM gate · chain STRONG/WITH
● PATANJALIBUYERSHORT · ARM gate · chain CONFLUENCE/WITH
BIOCONREVIEWLONG · SKIP gate · chain CONFLUENCE/AGAINST
TECHMREVIEWLONG · SKIP gate · chain STRONG/AGAINST
DONE — spent, no action2
MCX — flagged 2026-08-12 → done, moved 2.4× its implied. BEL — flagged 2026-08-13 → done, moved 1.3× its implied.
SQUEEZE-VULNERABLE22 new/changed · 0 continuing

One-sided SHORT book — trapped (spot above their basis) OR draining (covering) — with call-writing fuel; up-squeeze risk if sparked

TATACONSUMspot 1086IV 22implied ±3.6%shorts up 0.4% on their avg sell (₹1090) · book thinning

Crowded/thin short. Spot sits 0.4% below the short crowd's VWAP basis (₹1090) — the shorts are in profit and the book is thinning (covering, net -2.2% over 10d) — as the setup fades they buy back and their offer lifts; a shallower squeeze than a trapped one, but still up-pressure. OI at the 23th-%ile of its 25-day range, 48% of the build-episode was short-side. Near-money call-writing above spot is the accelerant — on a bounce those writers must buy to hedge, feeding the up-move.

7d regime: short-build 17% / short-cover 51% / long-unwind 32% · long-unwind 24→32% — IN PROGRESS (cover took the regime) · OI 23%ile of 25d · crowd's avg entry unreadable this session · skew -2.1v
chain now skew -2.1v · ceiling 1100 (910k) dom1.27× · floor 1000 (659k) dom1.33×
MARICOspot 864IV 19implied ±3.2%shorts down 0.5% on their avg sell (₹859) · trapped, book thinning

Crowded/thin short. Spot sits 0.5% above the short crowd's VWAP basis (₹859) — the shorts are underwater, which is what fuels a squeeze: a losing short is forced to cover. OI at the 73th-%ile of its 25-day range, 100% of the build-episode was short-side. Near-money call-writing above spot is the accelerant — on a bounce those writers must buy to hedge, feeding the up-move.

7d regime: short-cover 58% / long-unwind 42% · short-cover rising 23→58% (shift ≥2σ 16pp) — IN PROGRESS (cover took the regime) · OI 73%ile of 25d · shorts down 0.5% on avg sell 859 (spot 864) · skew +1.3v
chain now skew +1.3v · ceiling 900 (1688k) dom1.58× · floor 800 (1036k) dom1.32×
⚑ also abnormal flow 860CE bought ₹35.3L (-0.7% OTM, +1.9v) ✓ confirms
UNWIND-VULNERABLE00 new/changed · 0 continuing

One-sided LONG book — trapped (spot below their basis) OR draining (profit-taking) — with put-writing fuel; down-unwind risk if sparked

none this session

EARLY-BUILD-LONG44 new/changed · 0 continuing

Fresh committed longs, OI has room, near their basis (hasn't run) — ride with

MAZDOCKspot 2590IV 32implied ±5.4%LONG 63% · off +2.0%

Fresh accumulation. 63% committed long build, OI still low (69th-%ile = room), and the crowd is near their average entry (spot only 2.0% from their avg buy — hasn't run yet; net +8.4% = 1.6× its implied move). Positioning ahead of the move, not the exhausted end — ride with it if it persists.

7d regime: short-build 58% / long-build 34% · long-build rising 6→34% (shift ≥2σ 14pp) — EARLY (challenger rising, <50%) · OI 69%ile of 25d · crowd's avg entry unreadable this session · floor↑ +3.9% real
chain now skew -5.1v · ceiling 2600 (1028k) BUILDING dom1.83× · floor 2400 (456k) dom1.5×
PAGEINDSKEW TAILWINDspot 36755IV 28implied ±4.7%LONG 52% · off +2.1%
↷ changed from REVIEW (that tag first given 1d ago)

Fresh accumulation. 52% committed long build, OI still low (50th-%ile = room), and the crowd is near their average entry (spot only 2.1% from their avg buy — hasn't run yet; net -8.6% = 1.8× its implied move). Positioning ahead of the move, not the exhausted end — ride with it if it persists.

7d regime: short-build 35% / long-build 43% / long-unwind 22% · long-build rising 13→43% (shift ≥2σ 7pp) — EARLY (challenger rising, <50%) · OI 50%ile of 25d · longs down 2.1% on avg buy 37558 (spot 36755) · skew tailwind +5.1v — fear overpriced while committed longs build (WATCH tier · accruing)
chain now skew +5.1v · ceiling 40000 (76k) BUILDING dom1.47× · floor 36000 (24k) BUILDING dom1.08×
⚑ also abnormal flow 37500PE bought ₹1.09cr (+0.0% OTM, +2.3v) ⚔ contrary  ·  37000PE bought ₹93.3L (-0.9% OTM, +1.0v) ⚔ contrary
APLAPOLLOspot 2100IV 22implied ±3.7%LONG 56% · off -1.5%
↷ changed from ABNORMAL-BUYER (that tag first given 1d ago)

Fresh accumulation. 56% committed long build, OI still low (100th-%ile = room), and the crowd is near their average entry (spot only 1.5% from their avg buy — hasn't run yet; net +8.0% = 2.2× its implied move). Positioning ahead of the move, not the exhausted end — ride with it if it persists.

7d regime: short-build 43% / long-build 54% · long-build 32→54% — CONFIRMED (crossed 50% — regime handover) · OI 100%ile of 25d · longs up 1.5% on avg buy 2070 (spot 2100) · floor↑ +9.6% real · ceiling↑ +17.3% real
chain now skew -7.9v · ceiling 2200 (233k) RELOCATING dom1.08× · floor 2000 (112k) dom1.09×
⚑ also abnormal flow 2040CE writer-cover ₹86.6L (-2.1% OTM, +3.8v) ✓ confirms  ·  2060CE writer-cover ₹59.1L (-1.1% OTM, +6.2v) ✓ confirms
INDUSTOWERspot 387IV 22implied ±3.6%LONG 69% · off -1.8%

Fresh accumulation. 69% committed long build, OI still low (50th-%ile = room), and the crowd is near their average entry (spot only 1.8% from their avg buy — hasn't run yet; net -1.7% = 0.5× its implied move). Positioning ahead of the move, not the exhausted end — ride with it if it persists. A wall move against price (divergent) reinforces the read.

7d regime: short-build 20% / long-build 55% / long-unwind 24% · long-build 45→55% — CONFIRMED (crossed 50% — regime handover) · OI 50%ile of 25d · longs up 1.8% on avg buy 380 (spot 387) · floor↑ +1.6% real DIVERGENT(price↓)
chain now skew +1.5v · ceiling 396 (4476k) dom1.18× · floor 376 (2713k) dom1.09×
EARLY-BUILD-SHORT1515 new/changed · 0 continuing

Fresh committed shorts, OI has room, near their basis — ride with (down)

ASIANPAINT⚡ ARMEDspot 2709IV 21implied ±3.5%SHORT 73% · off -0.3%
↳ igniting +1.3% in-thesis since 08-07 · crowd gaining ground (+0% → -0% vs avg entry) · position shrinking (77→69%ile) · crowd exiting · new money turned bearish

Fresh distribution. 73% committed short build, OI low (69th-%ile = room), crowd near their average entry (spot only 0.3% from their avg sell — hasn't run yet; net -3.0% = 0.9× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 52% / long-unwind 35% · short-build rising 22→52% (shift ≥2σ 12pp) — CONFIRMED (crossed 50% — regime handover) · OI 69%ile of 25d · shorts up 0.3% on avg sell 2718 (spot 2709)
chain now skew -3.6v · ceiling 2800 (1102k) BUILDING dom1.66× · floor 2700 (426k) dom1.3×
⚑ also abnormal flow 2700CE bought ₹71.3L (+0.1% OTM, +1.7v) ⚔ contrary
TIINDIAspot 2737IV 37implied ±6.2%SHORT 88% · off -0.6%
↷ changed from REVIEW (that tag first given 1d ago)

Fresh distribution. 88% committed short build, OI low (100th-%ile = room), crowd near their average entry (spot only 0.6% from their avg sell — hasn't run yet; net -0.4% = 0.1× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 63% / short-cover 33% · short-build 33→63% — CONFIRMED (crossed 50% — regime handover) · OI 100%ile of 25d · shorts up 0.6% on avg sell 2753 (spot 2737)
chain now skew +0.9v · ceiling 2800 (307k) BUILDING dom1.77× · floor 2700 (131k) RELOCATING dom1.4×
⚑ also abnormal flow 2700CE bought ₹63.7L (-1.8% OTM, +3.7v) ⚔ contrary  ·  2800CE bought ₹62.1L (+1.8% OTM, +1.0v) ⚔ contrary
NATIONALUMspot 376IV 36implied ±6.1%SHORT 86% · off -0.7%
↷ changed from REVIEW (that tag first given 1d ago)

Fresh distribution. 86% committed short build, OI low (27th-%ile = room), crowd near their average entry (spot only 0.7% from their avg sell — hasn't run yet; net +3.0% = 0.5× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 40% / short-cover 42% · short-build rising 0→40% (shift ≥2σ 14pp) — EARLY (challenger rising, <50%) · OI 27%ile of 25d · shorts up 0.7% on avg sell 378 (spot 376)
chain now skew +5.3v · ceiling 420 (10791k) BUILDING dom1.96× · floor 360 (3681k) RELOCATING dom1.09×
⚑ also abnormal flow 400CE bought ₹47.2L (+6.4% OTM, +1.8v) ⚔ contrary  ·  420CE bought ₹28.7L (+10.9% OTM, +1.6v) ⚔ contrary
360ONEspot 1167IV 35implied ±5.8%SHORT 68% · off +0.8%

Fresh distribution. 68% committed short build, OI low (50th-%ile = room), crowd near their average entry (spot only 0.8% from their avg sell — hasn't run yet; net +1.3% = 0.2× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 35% / long-build 51% · short-build rising 0→35% (shift ≥2σ 13pp) — EARLY (challenger rising, <50%) · OI 50%ile of 25d · crowd's avg entry unreadable this session
chain now skew +7.3v · ceiling 1200 (706k) dom1.62× · floor 1180 (208k) BUILDING dom1.26×
what has been moving
  • the floor has climbed 11.9% over 8 days in a row, while the stock itself barely moved (+0.2%) — the floor is moving on its own
  • the number of open futures positions is near the top of its 25-day range (bigger than 50% of the last 25 days)
  • long positions jumped 4.6% in one day (2026-08-13) — a bigger one-day build than this stock usually shows, and since the price rose that day it was fresh buying, and the price has turned against them since
FORCEMOTspot 18373IV 35implied ±5.8%SHORT 100% · off -1.7%
↷ changed from REVIEW (that tag first given 1d ago)

Fresh distribution. 100% committed short build, OI low (73th-%ile = room), crowd near their average entry (spot only 1.7% from their avg sell — hasn't run yet; net -0.8% = 0.1× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 64% / short-cover 28% · short-build 50→64% — CONFIRMED (crossed 50% — regime handover) · OI 73%ile of 25d · shorts up 1.7% on avg sell 18685 (spot 18373)
chain now skew +1.5v · ceiling 20000 (65k) BUILDING dom1.51× · floor 18000 (18k) dom1.07×
⚑ also abnormal flow 19500CE holder-cover ₹9.6L (+5.9% OTM, +-1.3v) ✓ confirms
LICHSGFINspot 490IV 34implied ±5.6%SHORT 55% · off -1.7%
↷ changed from EARLY-BUILD-LONG (that tag first given 1d ago)

Fresh distribution. 55% committed short build, OI low (100th-%ile = room), crowd near their average entry (spot only 1.7% from their avg sell — hasn't run yet; net -2.9% = 0.5× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 56% / long-build 36% · short-build 42→56% — CONFIRMED (crossed 50% — regime handover) · OI 100%ile of 25d · shorts up 1.7% on avg sell 498 (spot 490) · ceiling↓ -20.0% real
chain now skew +19.3v · ceiling 500 (3092k) RELOCATING dom1.08× · floor 500 (3008k) dom1.41×
what has been moving
  • the ceiling has slid down 20.0% over 13 days in a row, while the stock moved -10.4% over that stretch
  • the shorts are up 1.7% on their average sell price — a bigger gap from where they got in than this stock usually runs
  • open futures positions grew 14.4% over the last 10 trading days — mostly shorts piling in
  • the number of open futures positions is near the top of its 25-day range (bigger than 100% of the last 25 days)
LODHAspot 1237IV 32implied ±5.3%SHORT 69% · off +0.8%
↷ changed from REVIEW (that tag first given 1d ago)

Fresh distribution. 69% committed short build, OI low (42th-%ile = room), crowd near their average entry (spot only 0.8% from their avg sell — hasn't run yet; net +0.5% = 0.1× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 58% / long-build 26% · short-build 40→58% — CONFIRMED (crossed 50% — regime handover) · OI 42%ile of 25d · shorts down 0.8% on avg sell 1228 (spot 1237)
chain now skew +7.7v · ceiling 1300 (946k) BUILDING dom1.25× · floor 1200 (724k) BUILDING dom1.35×
LTFspot 308IV 31implied ±5.2%SHORT 100% · off -0.7%

Fresh distribution. 100% committed short build, OI low (31th-%ile = room), crowd near their average entry (spot only 0.7% from their avg sell — hasn't run yet; net -3.5% = 0.7× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 53% / short-cover 35% · short-build 35→53% — CONFIRMED (crossed 50% — regime handover) · OI 31%ile of 25d · shorts up 0.7% on avg sell 310 (spot 308)
chain now skew -7.3v · ceiling 320 (3370k) RELOCATING dom1.05× · floor 300 (3748k) dom1.9×
NAM-INDIAspot 1162IV 30implied ±4.9%SHORT 67% · off +1.7%
↷ changed from REVIEW (that tag first given 1d ago)

Fresh distribution. 67% committed short build, OI low (96th-%ile = room), crowd near their average entry (spot only 1.7% from their avg sell — hasn't run yet; net +0.0% = 0.0× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 51% / long-build 33% · long-unwind 4→13% — CONFIRMED (crossed 50% — regime handover) · OI 96%ile of 25d · crowd's avg entry unreadable this session
chain now skew +4.1v · ceiling 1200 (575k) dom1.89× · floor 1100 (180k) RELOCATING dom1.16×
what has been moving
  • the floor had been sliding down for 17 days, then turned up 3.4% today, while the stock moved +1.1% over that stretch
  • the longs are down 1.7% on their average buy price — a bigger gap from where they got in than this stock usually runs
  • open futures positions grew 12.4% over the last 10 trading days — mostly longs piling in
  • the number of open futures positions is near the top of its 25-day range (bigger than 96% of the last 25 days)
MUTHOOTFINspot 2843IV 29implied ±4.8%SHORT 58% · off -2.6%

Fresh distribution. 58% committed short build, OI low (100th-%ile = room), crowd near their average entry (spot only 2.6% from their avg sell — hasn't run yet; net -1.7% = 0.4× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 58% / long-build 42% · short-build 44→58% — CONFIRMED (crossed 50% — regime handover) · OI 100%ile of 25d · shorts up 2.6% on avg sell 2920 (spot 2843)
chain now skew +0.9v · ceiling 3000 (1549k) dom1.47× · floor 2800 (497k) dom1.02×
JINDALSTELspot 1096IV 23implied ±3.8%SHORT 58% · off +2.4%
↷ changed from REVIEW (that tag first given 1d ago)

Fresh distribution. 58% committed short build, OI low (92th-%ile = room), crowd near their average entry (spot only 2.4% from their avg sell — hasn't run yet; net -1.9% = 0.5× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 65% / short-cover 24% · short-build 44→65% — CONFIRMED (crossed 50% — regime handover) · OI 92%ile of 25d · crowd's avg entry unreadable this session
chain now skew +0.2v · ceiling 1120 (948k) dom1.11× · floor 1100 (654k) dom1.11×
RECLTDspot 336IV 22implied ±3.7%SHORT 91% · off -3.6%

Fresh distribution. 91% committed short build, OI low (54th-%ile = room), crowd near their average entry (spot only 3.6% from their avg sell — hasn't run yet; net -8.7% = 2.4× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 52% / long-unwind 34% · short-build 47→52% — CONFIRMED (crossed 50% — regime handover) · OI 54%ile of 25d · shorts up 3.6% on avg sell 349 (spot 336) · ceiling↓ -3.0% real · floor↓ -3.0% real
chain now skew -4.8v · ceiling 360 (3341k) BUILDING dom1.09× · floor 350 (1767k) dom1.08×
⚑ also abnormal flow 340CE bought ₹31.9L (+1.4% OTM, +5.3v) ⚔ contrary  ·  345CE bought ₹16.9L (+2.6% OTM, +10.2v) ⚔ contrary
DRREDDYspot 1194IV 21implied ±3.6%SHORT 72% · off +0.9%
↷ changed from REVIEW (that tag first given 1d ago)

Fresh distribution. 72% committed short build, OI low (88th-%ile = room), crowd near their average entry (spot only 0.9% from their avg sell — hasn't run yet; net +2.6% = 0.7× its implied move). Early short-side positioning, not the late end. A wall move against price (divergent) reinforces the read.

7d regime: short-build 56% / short-cover 18% / long-build 24% · short-build 33→56% — CONFIRMED (crossed 50% — regime handover) · OI 88%ile of 25d · shorts down 0.9% on avg sell 1183 (spot 1194) · ceiling↓ -16.7% real DIVERGENT(price↑)
chain now skew +6.9v · ceiling 1200 (1719k) BUILDING dom1.14× · floor 1150 (729k) RELOCATING dom1.19×
CIPLAspot 1457IV 21implied ±3.5%SHORT 68% · off -0.7%

Fresh distribution. 68% committed short build, OI low (42th-%ile = room), crowd near their average entry (spot only 0.7% from their avg sell — hasn't run yet; net -0.3% = 0.1× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 68% / long-build 19% · short-build 43→68% — CONFIRMED (crossed 50% — regime handover) · OI 42%ile of 25d · shorts up 0.7% on avg sell 1467 (spot 1457)
chain now skew -4.1v · ceiling 1500 (1435k) BUILDING dom2.17× · floor 1400 (442k) dom1.12×
what has been moving
  • open futures positions grew 5.2% over the last 10 trading days — mostly shorts piling in
  • put-vs-call skew has eased (-0.1 → -4.1 over 3 days) — fear coming out of puts (context only, not a vote)
  • the number of open futures positions is near the top of its 25-day range (bigger than 42% of the last 25 days)
  • short positions jumped 2.1% in one day (2026-08-14) — a bigger one-day build than this stock usually shows, and since the price fell that day it was fresh short selling
SBINspot 1069IV 21implied ±3.5%SHORT 88% · off -0.9%
↷ changed from REVIEW (that tag first given 1d ago)

Fresh distribution. 88% committed short build, OI low (81th-%ile = room), crowd near their average entry (spot only 0.9% from their avg sell — hasn't run yet; net +2.6% = 0.7× its implied move). Early short-side positioning, not the late end.

7d regime: short-build 57% / short-cover 21% · short-build 49→57% — CONFIRMED (crossed 50% — regime handover) · OI 81%ile of 25d · shorts up 0.9% on avg sell 1078 (spot 1069)
chain now skew +3.1v · ceiling 1100 (14044k) dom1.57× · floor 1100 (4621k) dom1.01×
ABNORMAL FLOW — BUYERS & COVERERS3126 new/changed · 5 continuing

Informed flow — BUYERS paying up (excess-IV) to OPEN a convex reach (defined-risk, asymmetric; scored on expectancy) AND COVERERS shedding material OI to CLOSE (writers buying back = cap lifting / holders taking profit = crowd leaving; an exit signal, not scored). Each row tagged.

PATANJALIBUYER · bearishspot 350IV 47implied ±7.8%PE buyer @ 330 · 0.80×impl · excess-IV +6.6v · ₹11.5LMEDIUM

Informed convex bet. A PE buyer is paying up (excess-IV +6.6v = intensity) for downside, at a strike 0.80× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a MEDIUM position (₹11.5L, 39% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

PE buyer @ 330 · excess-IV +6.6v (intensity) · ₹11.5L / 311,750 OI-add = 39% of strike OI · convex/defined-risk (score on expectancy)
chain now skew +11.5v · ceiling 360 (3019k) BUILDING dom1.91× · floor 350 (1908k) BUILDING dom2.32×
⚑ also abnormal flow 360CE bought ₹52.0L (+2.6% OTM, +8.6v)  ·  350CE bought ₹44.3L (-0.6% OTM, +5.6v)
VOLTASBUYER · bullishspot 1326IV 43implied ±7.1%CE buyer @ 1400 · 0.85×impl · excess-IV +8.2v · ₹42.8LLARGE

Informed convex bet. A CE buyer is paying up (excess-IV +8.2v = intensity) for upside, at a strike 0.85× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a LARGE position (₹42.8L, 30% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

CE buyer @ 1400 · excess-IV +8.2v (intensity) · ₹42.8L / 285,375 OI-add = 30% of strike OI · convex/defined-risk (score on expectancy)
chain now skew -4.9v · ceiling 1400 (998k) BUILDING dom1.42× · floor 1300 (1164k) BUILDING dom2.39×
⚑ also abnormal flow 1340CE bought ₹1.04cr (+1.4% OTM, +1.1v)  ·  1300PE bought ₹62.6L (+1.4% OTM, +2.5v)
what has been moving
  • the shorts just flipped to losing — now down 2.2% on their average sell price (was up 0.3%), first time in 8 days
  • open futures positions grew 10.7% over the last 10 trading days — mostly shorts piling in
  • put-vs-call skew has eased (-2.9 → -4.9 over 2 days) — fear coming out of puts (context only, not a vote)
  • the number of open futures positions is near the top of its 25-day range (bigger than 50% of the last 25 days)
  • long positions jumped 4.7% in one day (2026-08-14) — a bigger one-day build than this stock usually shows, and since the price rose that day it was fresh buying
CGPOWERBUYER · bullishspot 890IV 31implied ±5.1%CE buyer @ 940 · 1.09×impl · excess-IV +3.4v · ₹16.8LLARGE
↷ changed from REVIEW (that tag first given 1d ago)

Informed convex bet. A CE buyer is paying up (excess-IV +3.4v = intensity) for upside, at a strike 1.09× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a LARGE position (₹16.8L, 27% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

CE buyer @ 940 · excess-IV +3.4v (intensity) · ₹16.8L / 380,800 OI-add = 27% of strike OI · convex/defined-risk (score on expectancy)
chain now skew +2.6v · ceiling 900 (2476k) BUILDING dom1.34× · floor 880 (1110k) BUILDING dom1.2×
PERSISTENTCOVER · WRITER-COVER · bullishspot 5614IV 31implied ±5.1%CE cover @ 5500 · -0.28×impl · excess-IV +6.7v · ₹5.69crLARGE

Informed unwind (COVER). CE writers are buying back — excess-IV +6.7v (IV rose vs surface as they paid up to close), so the ceiling is lifting. Reads bullish — a wall coming off in the crowd's face (capitulation). A LARGE unwind (₹5.69cr, 117% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

CE cover @ 5500 · WRITER-COVER — writers buying back (cap lifting / floor pulled) · bullish · excess-IV +6.7v · ₹5.69cr / 317,250 OI-shed = 117% of strike OI
chain now skew -4.7v · ceiling 5700 (391k) RELOCATING dom1.04× · floor 5500 (312k) dom2.4×
⚑ also abnormal flow 5500CE writer-cover ₹5.73cr (-1.4% OTM, +3.3v)
JUBLFOODBUYER · bearishspot 503IV 30implied ±4.9%PE buyer @ 470 · 1.37×impl · excess-IV +6.7v · ₹6.7LOK

Informed convex bet. A PE buyer is paying up (excess-IV +6.7v = intensity) for downside, at a strike 1.37× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a OK position (₹6.7L, 15% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

PE buyer @ 470 · excess-IV +6.7v (intensity) · ₹6.7L / 363,750 OI-add = 15% of strike OI · convex/defined-risk (score on expectancy)
chain now skew +6.2v · ceiling 520 (3722k) RELOCATING dom1.58× · floor 470 (2514k) BUILDING dom1.64×
⚑ also abnormal flow 500CE writer-cover ₹2.26cr (-3.0% OTM, +3.5v)  ·  520CE bought ₹2.14cr (+2.1% OTM, +2.2v)
ABBCOVER · WRITER-COVER · bullishspot 7671IV 29implied ±4.8%CE cover @ 8000 · 0.96×impl · excess-IV +2.1v · ₹37.7LOK
↷ changed from ABNORMAL-BUYER (that tag first given 1d ago)

Informed unwind (COVER). CE writers are buying back — excess-IV +2.1v (IV rose vs surface as they paid up to close), so the ceiling is lifting. Reads bullish — a wall coming off in the crowd's face (capitulation). A OK unwind (₹37.7L, 24% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

CE cover @ 8000 · WRITER-COVER — writers buying back (cap lifting / floor pulled) · bullish · excess-IV +2.1v · ₹37.7L / 75,375 OI-shed = 24% of strike OI
chain now skew -4.6v · ceiling 7800 (337k) RELOCATING dom1.03× · floor 7200 (150k) dom1.25×
DELHIVERYCOVER · WRITER-COVER · bearishspot 461IV 28implied ±4.8%PE cover @ 470 · -0.47×impl · excess-IV +6.5v · ₹40.2LMEDIUM

Informed unwind (COVER). PE writers are buying back — excess-IV +6.5v (IV rose vs surface as they paid up to close), so the floor is being pulled. Reads bearish — a wall coming off in the crowd's face (capitulation). A MEDIUM unwind (₹40.2L, 22% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

PE cover @ 470 · WRITER-COVER — writers buying back (cap lifting / floor pulled) · bearish · excess-IV +6.5v · ₹40.2L / 284,275 OI-shed = 22% of strike OI
chain now skew -19.0v · ceiling 500 (5677k) dom2.41× · floor 450 (1374k) ERODING dom1.05×
TATAELXSIBUYER · bullishspot 3787IV 28implied ±4.7%CE buyer @ 4050 · 1.56×impl · excess-IV +2.8v · ₹4.8LOK

Informed convex bet. A CE buyer is paying up (excess-IV +2.8v = intensity) for upside, at a strike 1.56× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a OK position (₹4.8L, 60% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

CE buyer @ 4050 · excess-IV +2.8v (intensity) · ₹4.8L / 46,125 OI-add = 60% of strike OI · convex/defined-risk (score on expectancy)
chain now skew -2.1v · ceiling 4000 (419k) dom2.19× · floor 3700 (96k) dom1.19×
AMBERBUYER · bullishspot 7238IV 28implied ±4.6%CE buyer @ 7800 · 1.74×impl · excess-IV +2.0v · ₹13.1LLARGE

Informed convex bet. A CE buyer is paying up (excess-IV +2.0v = intensity) for upside, at a strike 1.74× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a LARGE position (₹13.1L, 60% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

CE buyer @ 7800 · excess-IV +2.0v (intensity) · ₹13.1L / 143,700 OI-add = 60% of strike OI · convex/defined-risk (score on expectancy)
chain now skew +1.2v · ceiling 8000 (344k) BUILDING dom1.26× · floor 7000 (219k) dom1.07×
⚑ also abnormal flow 6800PE writer-cover ₹55.5L (+5.9% OTM, +4.0v)  ·  6900PE bought ₹16.6L (+4.6% OTM, +3.4v)
TMPVBUYER · bullishspot 334IV 27implied ±4.5%CE buyer @ 350 · 1.03×impl · excess-IV +5.3v · ₹36.7LLARGE

Informed convex bet. A CE buyer is paying up (excess-IV +5.3v = intensity) for upside, at a strike 1.03× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a LARGE position (₹36.7L, 25% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

CE buyer @ 350 · excess-IV +5.3v (intensity) · ₹36.7L / 2,296,000 OI-add = 25% of strike OI · convex/defined-risk (score on expectancy)
chain now skew +6.3v · ceiling 350 (10653k) BUILDING dom1.5× · floor 330 (5795k) RELOCATING dom1.47×
⚑ also abnormal flow 350CE bought ₹47.6L (+5.1% OTM, +2.0v)
ZYDUSLIFEBUYER · bullishspot 1141IV 26implied ±4.3%CE buyer @ 1200 · 1.32×impl · excess-IV +8.3v · ₹8.0LOK
↷ changed from EARLY-BUILD-SHORT (that tag first given 1d ago)

Informed convex bet. A CE buyer is paying up (excess-IV +8.3v = intensity) for upside, at a strike 1.32× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a OK position (₹8.0L, 16% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

CE buyer @ 1200 · excess-IV +8.3v (intensity) · ₹8.0L / 206,100 OI-add = 16% of strike OI · convex/defined-risk (score on expectancy)
chain now skew -3.6v · ceiling 1200 (1429k) BUILDING dom2.09× · floor 1100 (858k) ERODING dom2.14×
⚑ also abnormal flow 1160CE bought ₹62.7L (+1.0% OTM, +1.1v)  ·  1200CE bought ₹8.9L (+5.3% OTM, +1.4v)
ADANIENTCOVER · HOLDER-COVER · bearishspot 3054IV 26implied ±4.3%CE cover @ 3000 · -0.27×impl · excess-IV -3.2v · ₹5.33crLARGE

Informed unwind (COVER). CE holders are taking profit — excess-IV -3.2v (IV fell as longs sold to close), the bulls are leaving. Reads bearish. A LARGE unwind (₹5.33cr, 89% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

CE cover @ 3000 · HOLDER-COVER — holders taking profit (bulls/bears leaving) · bearish · excess-IV -3.2v · ₹5.33cr / 609,348 OI-shed = 89% of strike OI
chain now skew -6.4v · ceiling 3100 (1179k) dom1.36× · floor 3000 (771k) BUILDING dom1.58×
⚑ also abnormal flow 3000CE writer-cover ₹1.62cr (-0.3% OTM, +1.5v)
RADICOCOVER · WRITER-COVER · bullishspot 4642IV 26implied ±4.3%CE cover @ 4600 · -0.25×impl · excess-IV +5.6v · ₹24.1LOK

Informed unwind (COVER). CE writers are buying back — excess-IV +5.6v (IV rose vs surface as they paid up to close), so the ceiling is lifting. Reads bullish — a wall coming off in the crowd's face (capitulation). A OK unwind (₹24.1L, 30% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

CE cover @ 4600 · WRITER-COVER — writers buying back (cap lifting / floor pulled) · bullish · excess-IV +5.6v · ₹24.1L / 22,500 OI-shed = 30% of strike OI
chain now skew +2.1v · ceiling 4800 (136k) dom1.6× · floor 4300 (69k) dom1.32×
⚑ also abnormal flow 4800CE bought ₹6.3L (+4.1% OTM, +4.2v)  ·  4900CE bought ₹3.7L (+5.6% OTM, +1.4v)
HINDALCOBUYER · bearishspot 1036IV 25implied ±4.1%PE buyer @ 960 · 1.65×impl · excess-IV +6.8v · ₹9.0LMEDIUM

Informed convex bet. A PE buyer is paying up (excess-IV +6.8v = intensity) for downside, at a strike 1.65× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a MEDIUM position (₹9.0L, 32% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

PE buyer @ 960 · excess-IV +6.8v (intensity) · ₹9.0L / 527,800 OI-add = 32% of strike OI · convex/defined-risk (score on expectancy)
chain now skew -7.7v · ceiling 1100 (3334k) dom1.3× · floor 1000 (2207k) BUILDING dom1.21×
what has been moving
  • the shorts just flipped to losing — now down 0.9% on their average sell price (was up 5.4%), first time in 12 days
  • open futures positions shrank 12.4% over the last 10 trading days — mostly shorts closing out
  • put-vs-call skew has eased (+4.6 → -7.7 over 2 days) — fear coming out of puts (context only, not a vote)
HDFCAMCBUYER · bullishspot 2490IV 24implied ±4.0%CE buyer @ 2600 · 1.15×impl · excess-IV +3.7v · ₹9.9LMEDIUM

Informed convex bet. A CE buyer is paying up (excess-IV +3.7v = intensity) for upside, at a strike 1.15× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a MEDIUM position (₹9.9L, 15% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

CE buyer @ 2600 · excess-IV +3.7v (intensity) · ₹9.9L / 93,300 OI-add = 15% of strike OI · convex/defined-risk (score on expectancy)
chain now skew -2.1v · ceiling 2600 (647k) BUILDING dom1.47× · floor 2500 (444k) dom1.26×
JSWENERGYBUYER · bearishspot 561IV 24implied ±3.9%PE buyer @ 540 · 0.91×impl · excess-IV +3.7v · ₹10.4LMEDIUM
↷ changed from ABNORMAL-COVER (that tag first given 1d ago)

Informed convex bet. A PE buyer is paying up (excess-IV +3.7v = intensity) for downside, at a strike 0.91× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a MEDIUM position (₹10.4L, 47% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

PE buyer @ 540 · excess-IV +3.7v (intensity) · ₹10.4L / 535,350 OI-add = 47% of strike OI · convex/defined-risk (score on expectancy)
chain now skew +0.7v · ceiling 600 (2294k) dom1.28× · floor 540 (1166k) RELOCATING dom1.78×
⚑ also abnormal flow 540PE bought ₹11.9L (+3.6% OTM, +1.0v)
APLAPOLLOCOVER · WRITER-COVER · bullishspot 2100IV 22implied ±3.7%CE cover @ 2120 · 0.47×impl · excess-IV +4.6v · ₹29.2LOK
↷ changed from ABNORMAL-BUYER (that tag first given 1d ago)

Informed unwind (COVER). CE writers are buying back — excess-IV +4.6v (IV rose vs surface as they paid up to close), so the ceiling is lifting. Reads bullish — a wall coming off in the crowd's face (capitulation). A OK unwind (₹29.2L, 184% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

CE cover @ 2120 · WRITER-COVER — writers buying back (cap lifting / floor pulled) · bullish · excess-IV +4.6v · ₹29.2L / 126,000 OI-shed = 184% of strike OI
chain now skew -7.9v · ceiling 2200 (233k) RELOCATING dom1.08× · floor 2000 (112k) dom1.09×
⚑ also abnormal flow 2040CE writer-cover ₹86.6L (-2.1% OTM, +3.8v)  ·  2060CE writer-cover ₹59.1L (-1.1% OTM, +6.2v)
INDUSTOWERBUYER · bearishspot 387IV 22implied ±3.6%PE buyer @ 365 · 1.40×impl · excess-IV +5.3v · ₹10.4LMEDIUM

Informed convex bet. A PE buyer is paying up (excess-IV +5.3v = intensity) for downside, at a strike 1.40× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a MEDIUM position (₹10.4L, 86% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

PE buyer @ 365 · excess-IV +5.3v (intensity) · ₹10.4L / 986,000 OI-add = 86% of strike OI · convex/defined-risk (score on expectancy)
chain now skew +1.5v · ceiling 396 (4476k) dom1.18× · floor 376 (2713k) dom1.09×
HAVELLSBUYER · bullishspot 1299IV 21implied ±3.5%CE buyer @ 1340 · 0.92×impl · excess-IV +3.4v · ₹8.7LOK

Informed convex bet. A CE buyer is paying up (excess-IV +3.4v = intensity) for upside, at a strike 0.92× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a OK position (₹8.7L, 46% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

CE buyer @ 1340 · excess-IV +3.4v (intensity) · ₹8.7L / 143,000 OI-add = 46% of strike OI · convex/defined-risk (score on expectancy)
chain now skew +1.4v · ceiling 1300 (627k) BUILDING dom1.28× · floor 1200 (244k) dom1.13×
⚑ also abnormal flow 1280PE bought ₹9.8L (+1.2% OTM, +5.5v)  ·  1400CE bought ₹4.0L (+8.0% OTM, +2.3v)
HAVELLSCOVER · WRITER-COVER · bullishspot 1299IV 21implied ±3.5%CE cover @ 1280 · -0.40×impl · excess-IV +7.4v · ₹27.8LOK

Informed unwind (COVER). CE writers are buying back — excess-IV +7.4v (IV rose vs surface as they paid up to close), so the ceiling is lifting. Reads bullish — a wall coming off in the crowd's face (capitulation). A OK unwind (₹27.8L, 33% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

CE cover @ 1280 · WRITER-COVER — writers buying back (cap lifting / floor pulled) · bullish · excess-IV +7.4v · ₹27.8L / 91,000 OI-shed = 33% of strike OI
chain now skew +1.4v · ceiling 1300 (627k) BUILDING dom1.28× · floor 1200 (244k) dom1.13×
⚑ also abnormal flow 1280PE bought ₹9.8L (+1.2% OTM, +5.5v)  ·  1400CE bought ₹4.0L (+8.0% OTM, +2.3v)
TATAPOWERCOVER · WRITER-COVER · bullishspot 385IV 21implied ±3.5%CE cover @ 385 · 0.22×impl · excess-IV +3.9v · ₹39.7LMEDIUM

Informed unwind (COVER). CE writers are buying back — excess-IV +3.9v (IV rose vs surface as they paid up to close), so the ceiling is lifting. Reads bullish — a wall coming off in the crowd's face (capitulation). A MEDIUM unwind (₹39.7L, 36% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

CE cover @ 385 · WRITER-COVER — writers buying back (cap lifting / floor pulled) · bullish · excess-IV +3.9v · ₹39.7L / 794,600 OI-shed = 36% of strike OI
chain now skew -4.9v · ceiling 400 (7773k) dom1.58× · floor 380 (3416k) dom1.02×
⚑ also abnormal flow 385CE writer-cover ₹78.2L (-1.3% OTM, +2.3v)
APOLLOHOSPCOVER · HOLDER-COVER · bearishspot 8922IV 20implied ±3.4%CE cover @ 8700 · -0.73×impl · excess-IV -4.0v · ₹6.70crLARGE
↷ changed from ABNORMAL-BUYER (that tag first given 2d ago)

Informed unwind (COVER). CE holders are taking profit — excess-IV -4.0v (IV fell as longs sold to close), the bulls are leaving. Reads bearish. A LARGE unwind (₹6.70cr, 148% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

CE cover @ 8700 · HOLDER-COVER — holders taking profit (bulls/bears leaving) · bearish · excess-IV -4.0v · ₹6.70cr / 257,875 OI-shed = 148% of strike OI
chain now skew +3.2v · ceiling 9000 (410k) ERODING dom1.74× · floor 8600 (272k) BUILDING dom1.0×
⚑ also abnormal flow 8600CE holder-cover ₹4.76cr (-3.1% OTM, +-1.0v)  ·  8800PE bought ₹1.65cr (+0.6% OTM, +1.6v)
what has been moving
  • the shorts just flipped to losing — now down 2.9% on their average sell price (was up 0.7%), first time in 3 days
  • open futures positions grew 20.6% over the last 10 trading days — mostly shorts piling in
  • put-vs-call skew has risen (-2.5 → +3.2 over 3 days) — fear building into puts (context only, not a vote)
  • the number of open futures positions is near the top of its 25-day range (bigger than 92% of the last 25 days)
  • long positions jumped 5.8% in one day (2026-08-13) — a bigger one-day build than this stock usually shows, and since the price rose that day it was fresh buying
PETRONETCOVER · HOLDER-COVER · bearishspot 282IV 20implied ±3.4%CE cover @ 280 · -0.27×impl · excess-IV -2.8v · ₹37.3LOK
↷ changed from REVIEW (that tag first given 1d ago)

Informed unwind (COVER). CE holders are taking profit — excess-IV -2.8v (IV fell as longs sold to close), the bulls are leaving. Reads bearish. A OK unwind (₹37.3L, 33% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

CE cover @ 280 · HOLDER-COVER — holders taking profit (bulls/bears leaving) · bearish · excess-IV -2.8v · ₹37.3L / 769,500 OI-shed = 33% of strike OI
chain now skew +10.7v · ceiling 280 (2394k) ERODING dom1.13× · floor 280 (2422k) RELOCATING dom1.02×
⚑ also abnormal flow 280CE holder-cover ₹33.5L (-0.9% OTM, +-1.3v)  ·  285CE bought ₹12.2L (+1.6% OTM, +1.9v)
what has been moving
  • the shorts just flipped to losing — now down 0.7% on their average sell price (was up 0.5%), first time in 1 day
  • open futures positions shrank 4.0% over the last 10 trading days — mostly shorts closing out
  • short positions jumped 2.6% in one day (2026-08-13) — a bigger one-day build than this stock usually shows, and since the price fell that day it was fresh short selling, and the price has turned against them since
UNITDSPRCOVER · HOLDER-COVER · bullishspot 1539IV 20implied ±3.4%PE cover @ 1600 · -1.23×impl · excess-IV -2.5v · ₹1.14crLARGE

Informed unwind (COVER). PE holders are taking profit — excess-IV -2.5v (IV fell as longs sold to close), the bears are leaving. Reads bullish. A LARGE unwind (₹1.14cr, 252% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

PE cover @ 1600 · HOLDER-COVER — holders taking profit (bulls/bears leaving) · bullish · excess-IV -2.5v · ₹1.14cr / 177,600 OI-shed = 252% of strike OI
chain now skew +1.4v · ceiling 1600 (413k) RELOCATING dom1.17× · floor 1500 (388k) BUILDING dom1.55×
⚑ also abnormal flow 1540PE bought ₹16.1L (-0.3% OTM, +4.5v)  ·  1500PE bought ₹3.8L (+2.5% OTM, +3.9v)
ONGCCOVER · WRITER-COVER · bearishspot 237IV 20implied ±3.3%PE cover @ 240 · -0.46×impl · excess-IV +5.0v · ₹49.1LMEDIUM
↷ changed from EARLY-BUILD-SHORT (that tag first given 1d ago)

Informed unwind (COVER). PE writers are buying back — excess-IV +5.0v (IV rose vs surface as they paid up to close), so the floor is being pulled. Reads bearish — a wall coming off in the crowd's face (capitulation). A MEDIUM unwind (₹49.1L, 34% of the strike's OI). This is an EXIT signal — someone's position closing, not a fresh entry — so it's shown but not expectancy-scored.

PE cover @ 240 · WRITER-COVER — writers buying back (cap lifting / floor pulled) · bearish · excess-IV +5.0v · ₹49.1L / 936,000 OI-shed = 34% of strike OI
chain now skew -1.7v · ceiling 250 (13972k) dom1.34× · floor 230 (4516k) dom1.31×
BHARTIARTLBUYER · bearishspot 1995IV 16implied ±2.6%PE buyer @ 1900 · 1.78×impl · excess-IV +2.9v · ₹6.2LOK

Informed convex bet. A PE buyer is paying up (excess-IV +2.9v = intensity) for downside, at a strike 1.78× the implied weekly move OTM — a genuine directional reach, not at-spot noise where big size just tracks liquidity. The defined-risk, asymmetric side (capped premium loss, leveraged win). This is a OK position (₹6.2L, 23% of the strike's OI) — Judge on expectancy, NOT hit rate — take the buyer's side, never fade it.

PE buyer @ 1900 · excess-IV +2.9v (intensity) · ₹6.2L / 296,400 OI-add = 23% of strike OI · convex/defined-risk (score on expectancy)
chain now skew +0.7v · ceiling 2000 (4230k) dom1.12× · floor 1960 (1799k) RELOCATING dom1.04×
⚑ also abnormal flow 2000PE bought ₹2.73cr (-0.1% OTM, +5.8v)  ·  1980PE bought ₹1.21cr (+0.9% OTM, +5.2v)

continuing (5): PETRONET d3, ALKEM d2, KFINTECH d2, NATIONALUM d2, NATIONALUM d2

REVIEW2727 new/changed · 0 continuing

Escalated — the net-OI read isn't trustworthy (churn / two-sided build); your call, not the engine's

NIFTYNXT50spot 74464IV 83implied ±13.8%LONG · OI 65%ile
↷ changed from EARLY-BUILD-LONG (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: long-build 45% / long-unwind 45% · long-unwind 17→45% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: long-build 45% / long-unwind 45% · long-unwind 17→45% — regime dissolved — no bucket >50%
chain now skew +7.7v · ceiling 77800 (2k) dom3.11× · floor 72500 (2k) dom3.39×
⚑ also abnormal flow 77800CE holder-cover ₹9,031 (+4.4% OTM, +-1.6v)
VOLTASspot 1326IV 43implied ±7.1%SHORT · OI 50%ile

⚑ Escalated for your call. 7d regime: short-build 37% / short-cover 29% / long-build 34% · long-build 11→34% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 37% / short-cover 29% / long-build 34% · long-build 11→34% — regime dissolved — no bucket >50%
chain now skew -4.9v · ceiling 1400 (998k) BUILDING dom1.42× · floor 1300 (1164k) BUILDING dom2.39×
⚑ also abnormal flow 1340CE bought ₹1.04cr (+1.4% OTM, +1.1v)  ·  1300PE bought ₹62.6L (+1.4% OTM, +2.5v)
what has been moving
  • the shorts just flipped to losing — now down 2.2% on their average sell price (was up 0.3%), first time in 8 days
  • open futures positions grew 10.7% over the last 10 trading days — mostly shorts piling in
  • put-vs-call skew has eased (-2.9 → -4.9 over 2 days) — fear coming out of puts (context only, not a vote)
  • the number of open futures positions is near the top of its 25-day range (bigger than 50% of the last 25 days)
  • long positions jumped 4.7% in one day (2026-08-14) — a bigger one-day build than this stock usually shows, and since the price rose that day it was fresh buying
OFSSspot 11875IV 36implied ±6.0%LONG · OI 31%ile

⚑ Escalated for your call. 7d regime: short-cover 30% / long-build 42% · long-build rising 0→42% (shift ≥2σ 11pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-cover 30% / long-build 42% · long-build rising 0→42% (shift ≥2σ 11pp) — regime dissolved — no bucket >50%
chain now skew -0.6v · ceiling 13000 (170k) dom1.08× · floor 11000 (107k) BUILDING dom1.09×
ASHOKLEYspot 173IV 33implied ±5.5%SHORT · OI 35%ile

⚑ Escalated for your call. 7d regime: short-build 40% / short-cover 40% / long-build 18% · short-build rising 0→40% (shift ≥2σ 18pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 40% / short-cover 40% / long-build 18% · short-build rising 0→40% (shift ≥2σ 18pp) — regime dissolved — no bucket >50%
chain now skew -6.5v · ceiling 180 (29640k) RELOCATING dom1.68× · floor 170 (9485k) BUILDING dom1.02×
⚑ also abnormal flow 180PE bought ₹1.62cr (-2.6% OTM, +5.5v)  ·  175PE bought ₹1.31cr (-0.8% OTM, +3.6v)
KFINTECHspot 938IV 32implied ±5.4%LONG · OI 50%ile
↷ changed from ABNORMAL-BUYER (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: short-build 45% / long-build 45% · short-build 39→45% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 45% / long-build 45% · short-build 39→45% — regime dissolved — no bucket >50%
chain now skew +4.3v · ceiling 1000 (1103k) BUILDING dom2.25× · floor 860 (289k) dom1.27×
⚑ also abnormal flow 1000CE bought ₹5.1L (+7.9% OTM, +1.3v)
ADANIENSOLspot 1621IV 32implied ±5.3%LONG · OI 85%ile
↷ changed from EARLY-BUILD-SHORT (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: short-build 31% / short-cover 20% / long-build 49% · long-build rising 0→49% (shift ≥2σ 15pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 31% / short-cover 20% / long-build 49% · long-build rising 0→49% (shift ≥2σ 15pp) — regime dissolved — no bucket >50%
chain now skew -1.5v · ceiling 1700 (1414k) dom1.41× · floor 1600 (742k) BUILDING dom1.6×
⚑ also abnormal flow 1560PE bought ₹27.1L (+3.5% OTM, +1.7v)
NMDCspot 84IV 32implied ±5.3%LONG · OI 69%ile

⚑ Escalated for your call. 7d regime: short-build 25% / short-cover 29% / long-build 27% / long-unwind 18% · short-build rising 8→25% (shift ≥2σ 8pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 25% / short-cover 29% / long-build 27% / long-unwind 18% · short-build rising 8→25% (shift ≥2σ 8pp) — regime dissolved — no bucket >50%
chain now skew +1.8v · ceiling 90 (21208k) dom1.48× · floor 85 (7918k) dom1.23×
⚑ also abnormal flow 84CE bought ₹58.7L (-0.3% OTM, +2.2v)  ·  85CE bought ₹46.2L (+0.8% OTM, +2.1v)
SOLARINDSspot 20035IV 31implied ±5.1%SHORT · OI 62%ile

⚑ Escalated for your call. 7d regime: short-build 41% / short-cover 40% · short-build rising 0→41% (shift ≥2σ 11pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 41% / short-cover 40% · short-build rising 0→41% (shift ≥2σ 11pp) — regime dissolved — no bucket >50%
chain now skew -4.6v · ceiling 20000 (175k) BUILDING dom1.3× · floor 18500 (147k) BUILDING dom1.16×
⚑ also abnormal flow 18000PE bought ₹7.9L (+9.9% OTM, +1.3v)
BIOCONspot 415IV 29implied ±4.8%LONG · OI 50%ile
↷ changed from ABNORMAL-COVER (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: short-build 34% / short-cover 21% / long-build 33% · short-build 23→34% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 34% / short-cover 21% / long-build 33% · short-build 23→34% — regime dissolved — no bucket >50%
chain now skew +7.8v · ceiling 430 (3948k) RELOCATING dom1.06× · floor 420 (2625k) RELOCATING dom1.01×
DELHIVERYspot 461IV 28implied ±4.8%SHORT · OI 31%ile

⚑ Escalated for your call. 7d regime: short-build 17% / short-cover 43% / long-unwind 40% · long-unwind 6→40% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 17% / short-cover 43% / long-unwind 40% · long-unwind 6→40% — regime dissolved — no bucket >50%
chain now skew -19.0v · ceiling 500 (5677k) dom2.41× · floor 450 (1374k) ERODING dom1.05×
CONCORspot 530IV 28implied ±4.7%LONG · OI 88%ile
↷ changed from EARLY-BUILD-LONG (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: short-build 32% / short-cover 16% / long-build 47% · long-unwind 1→5% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 32% / short-cover 16% / long-build 47% · long-unwind 1→5% — regime dissolved — no bucket >50%
chain now skew -7.0v · ceiling 540 (1509k) RELOCATING dom1.04× · floor 500 (749k) dom1.7×
what has been moving
  • the ceiling has climbed 7.6% over 10 days in a row, while the stock itself barely moved (+0.8%) — the ceiling is moving on its own
  • the floor has climbed 10.4% over 10 days in a row, while the stock itself barely moved (+0.8%) — the floor is moving on its own
  • the longs just flipped to losing — now down 0.2% on their average buy price (was up 1.4%), first time in 1 day
  • open futures positions grew 8.9% over the last 10 trading days — mostly longs piling in
  • the number of open futures positions is near the top of its 25-day range (bigger than 88% of the last 25 days)
  • long positions jumped 5.8% in one day (2026-08-13) — a bigger one-day build than this stock usually shows, and since the price rose that day it was fresh buying, and the price has turned against them since
SONACOMSspot 796IV 28implied ±4.6%LONG · OI 50%ile

⚑ Escalated for your call. 7d regime: short-build 42% / long-build 35% / long-unwind 24% · short-build 19→42% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 42% / long-build 35% / long-unwind 24% · short-build 19→42% — regime dissolved — no bucket >50%
chain now skew -3.7v · ceiling 820 (706k) dom1.08× · floor 750 (539k) dom1.04×
CANBKspot 132IV 27implied ±4.5%SHORT · OI 35%ile

⚑ Escalated for your call. 7d regime: short-build 24% / short-cover 40% / long-unwind 36% · long-unwind 21→36% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 24% / short-cover 40% / long-unwind 36% · long-unwind 21→36% — regime dissolved — no bucket >50%
chain now skew +0.2v · ceiling 140 (19710k) dom1.33× · floor 125 (14101k) dom1.16×
KEIspot 5719IV 27implied ±4.4%LONG · OI 27%ile

⚑ Escalated for your call. 7d regime: short-build 21% / short-cover 47% / long-build 22% · short-build rising 0→21% (shift ≥2σ 10pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 21% / short-cover 47% / long-build 22% · short-build rising 0→21% (shift ≥2σ 10pp) — regime dissolved — no bucket >50%
chain now skew +0.0v · ceiling 6000 (147k) BUILDING dom1.27× · floor 5400 (139k) dom1.1×
MOTILALOFSspot 908IV 26implied ±4.4%LONG · OI 65%ile

⚑ Escalated for your call. 7d regime: short-cover 47% / long-build 47% · long-build 22→47% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-cover 47% / long-build 47% · long-build 22→47% — regime dissolved — no bucket >50%
chain now skew -1.3v · ceiling 900 (580k) dom1.17× · floor 900 (229k) RELOCATING dom1.1×
LAURUSLABSspot 1786IV 26implied ±4.3%LONG · OI 62%ile
↷ changed from EARLY-BUILD-SHORT (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: short-build 42% / short-cover 23% / long-unwind 35% · long-unwind 2→35% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 42% / short-cover 23% / long-unwind 35% · long-unwind 2→35% — regime dissolved — no bucket >50%
chain now skew +6.2v · ceiling 2000 (1280k) dom1.01× · floor 1700 (1850k) dom1.77×
what has been moving
  • the ceiling has climbed 22.4% over 19 days in a row, while the stock moved +14.2% over that stretch
  • the floor has climbed 11.2% over 16 days in a row, while the stock moved +13.9% over that stretch
  • the longs just flipped to losing — now down 2.2% on their average buy price (was up 1.0%), first time in 9 days
BPCLspot 318IV 24implied ±4.0%SHORT · OI 8%ile
↷ changed from EARLY-BUILD-SHORT (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: short-build 36% / short-cover 49% · short-cover rising 5→49% (shift ≥2σ 12pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 36% / short-cover 49% · short-cover rising 5→49% (shift ≥2σ 12pp) — regime dissolved — no bucket >50%
chain now skew +10.0v · ceiling 330 (2374k) dom1.09× · floor 310 (1428k) dom1.08×
what has been moving
  • the ceiling has climbed 3.1% over 11 days in a row, while the stock itself barely moved (+0.2%) — the ceiling is moving on its own
  • the floor has climbed 3.1% over 2 days in a row, while the stock itself barely moved (+0.6%) — the floor is moving on its own
  • open futures positions shrank 3.6% over the last 10 trading days — mostly shorts closing out
GLENMARKspot 2317IV 24implied ±3.9%LONG · OI 31%ile

⚑ Escalated for your call. 7d regime: short-cover 18% / long-build 39% / long-unwind 42% · long-unwind rising 9→42% (shift ≥2σ 14pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-cover 18% / long-build 39% / long-unwind 42% · long-unwind rising 9→42% (shift ≥2σ 14pp) — regime dissolved — no bucket >50%
chain now skew +5.1v · ceiling 2300 (590k) dom1.59× · floor 2100 (224k) dom1.02×
TECHMspot 1638IV 23implied ±3.9%LONG · OI 50%ile

⚑ Escalated for your call. 7d regime: short-build 32% / long-build 50% · short-build 6→32% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 32% / long-build 50% · short-build 6→32% — regime dissolved — no bucket >50%
chain now skew -0.1v · ceiling 1600 (1827k) dom1.83× · floor 1600 (455k) RELOCATING dom1.02×
ADANIPORTSspot 1702IV 23implied ±3.8%SHORT · OI 77%ile
↷ changed from EARLY-BUILD-SHORT (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: short-build 49% / long-unwind 36% · short-cover 0→15% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 49% / long-unwind 36% · short-cover 0→15% — regime dissolved — no bucket >50%
chain now skew +0.6v · ceiling 1800 (2522k) dom1.16× · floor 1700 (1431k) dom1.69×
JSWSTEELspot 1271IV 22implied ±3.6%LONG · OI 77%ile
↷ changed from EARLY-BUILD-LONG (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: short-build 43% / long-build 26% / long-unwind 31% · long-unwind 19→31% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 43% / long-build 26% / long-unwind 31% · long-unwind 19→31% — regime dissolved — no bucket >50%
chain now skew +1.9v · ceiling 1300 (1044k) RELOCATING dom1.05× · floor 1260 (572k) RELOCATING dom1.06×
HAVELLSspot 1299IV 21implied ±3.5%SHORT · OI 15%ile

⚑ Escalated for your call. 7d regime: short-build 20% / short-cover 47% / long-unwind 24% · long-unwind 12→24% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 20% / short-cover 47% / long-unwind 24% · long-unwind 12→24% — regime dissolved — no bucket >50%
chain now skew +1.4v · ceiling 1300 (627k) BUILDING dom1.28× · floor 1200 (244k) dom1.13×
⚑ also abnormal flow 1280PE bought ₹9.8L (+1.2% OTM, +5.5v)  ·  1400CE bought ₹4.0L (+8.0% OTM, +2.3v)
APOLLOHOSPspot 8922IV 20implied ±3.4%SHORT · OI 92%ile
↷ changed from ABNORMAL-BUYER (that tag first given 2d ago)

⚑ Escalated for your call. 7d regime: short-build 50% / short-cover 28% / long-build 22% · short-cover rising 2→28% (shift ≥2σ 12pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 50% / short-cover 28% / long-build 22% · short-cover rising 2→28% (shift ≥2σ 12pp) — regime dissolved — no bucket >50%
chain now skew +3.2v · ceiling 9000 (410k) ERODING dom1.74× · floor 8600 (272k) BUILDING dom1.0×
⚑ also abnormal flow 8600CE holder-cover ₹4.76cr (-3.1% OTM, +-1.0v)  ·  8800PE bought ₹1.65cr (+0.6% OTM, +1.6v)
what has been moving
  • the shorts just flipped to losing — now down 2.9% on their average sell price (was up 0.7%), first time in 3 days
  • open futures positions grew 20.6% over the last 10 trading days — mostly shorts piling in
  • put-vs-call skew has risen (-2.5 → +3.2 over 3 days) — fear building into puts (context only, not a vote)
  • the number of open futures positions is near the top of its 25-day range (bigger than 92% of the last 25 days)
  • long positions jumped 5.8% in one day (2026-08-13) — a bigger one-day build than this stock usually shows, and since the price rose that day it was fresh buying
UNITDSPRspot 1539IV 20implied ±3.4%LONG · OI 35%ile

⚑ Escalated for your call. 7d regime: short-build 20% / long-build 30% / long-unwind 45% · long-build 13→30% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 20% / long-build 30% / long-unwind 45% · long-build 13→30% — regime dissolved — no bucket >50%
chain now skew +1.4v · ceiling 1600 (413k) RELOCATING dom1.17× · floor 1500 (388k) BUILDING dom1.55×
⚑ also abnormal flow 1540PE bought ₹16.1L (-0.3% OTM, +4.5v)  ·  1500PE bought ₹3.8L (+2.5% OTM, +3.9v)
TITANspot 5069IV 20implied ±3.3%LONG · OI 12%ile
↷ changed from EARLY-BUILD-LONG (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: long-build 49% / long-unwind 41% · long-unwind 39→41% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: long-build 49% / long-unwind 41% · long-unwind 39→41% — regime dissolved — no bucket >50%
chain now skew -0.7v · ceiling 5100 (896k) RELOCATING dom1.2× · floor 5000 (576k) BUILDING dom1.49×
⚑ also abnormal flow 5100CE bought ₹1.93cr (+0.3% OTM, +1.5v)
FEDERALBNKspot 354IV 19implied ±3.2%SHORT · OI 69%ile
↷ changed from EARLY-BUILD-SHORT (that tag first given 1d ago)

⚑ Escalated for your call. 7d regime: short-build 48% / long-build 20% / long-unwind 25% · long-unwind 22→25% — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 48% / long-build 20% / long-unwind 25% · long-unwind 22→25% — regime dissolved — no bucket >50%
chain now skew -6.1v · ceiling 360 (6590k) dom1.52× · floor 350 (3500k) BUILDING dom1.62×
RELIANCEspot 1309IV 17implied ±2.8%SHORT · OI 85%ile

⚑ Escalated for your call. 7d regime: short-build 18% / short-cover 18% / long-build 29% / long-unwind 34% · long-unwind rising 11→34% (shift ≥2σ 8pp) — regime dissolved — no bucket >50%. The net-OI read isn't trustworthy here, so the engine won't force a stamp (would-be: none). Look at the tape — distribution/handoff, or just noise?

7d regime: short-build 18% / short-cover 18% / long-build 29% / long-unwind 34% · long-unwind rising 11→34% (shift ≥2σ 8pp) — regime dissolved — no bucket >50%
chain now skew +3.4v · ceiling 1400 (10180k) dom1.28× · floor 1300 (5842k) BUILDING dom2.02×
⚑ also abnormal flow 1310CE bought ₹2.89cr (+0.3% OTM, +1.0v)