Yatin Kumar

Trader

[Abhijeet @abhijeetpushkar]

The auction is not the problem.
Pooling orders and matching at one equilibrium price is a good mechanism. America has run it for 20 years. It is the deepest liquidity event of their day.
India’s version breaks after the matching logic. Cash market off. Derivatives still on. Orders can be parked, used to move the indicative price, then pulled.

[Abhijeet @abhijeetpushkar]

Before today, only 6 stocks hit the ±3% CAS band in the entire month.

Today: 59.

Same 20-minute window. Same 3% cage. Only difference — MSCI flows parked in an auction after the real market is dead.

That’s not “better discovery.” That’s a liquidity vacuum with a stamp on it.

#CAS

[Abhijeet @abhijeetpushkar]

CAS was sold as cleaner price discovery.
What it actually does is concentrate the official close — the number that settles options, marks NAVs, and prints on every chart — into a short auction after continuous trading in F&O stocks has already stopped.
That creates three structural problems, not “teething issues”:

The close is no longer the market’s last hour. It is a separate session with a thinner book. A few hundred crore of imbalance can move the print more than six hours of two-way trade. Today Nifty spent the day below 24,000 in continuous hours and the auction put it back above for settlement. Monday Bank Nifty cash jumped hundreds of points in CAS while September futures barely moved. Tuesday that cash spike was given back. If cash and futures disagree every close, the “discovery” is not a price. It is a wedge.
The same print is used for two jobs that should not share a microphone. Passive funds need an auction. Same-day options need a close that existed in live, hedgeable trade. One number doing both means expiry P&L is decided in a window retail cannot see clearly, cannot hedge cleanly, and does not trade in size. Puts that were live at 80 in continuous hours going to zero because the auction printed a level the spot never traded before 3:15 is not education. It is settlement risk dressed as reform.
When 60 names hit the ±3% band in one 20-minute window on a flow day, that is not depth. That is a queue hitting the wall. Global auctions work where the book is thick, imbalance is public, and brokers show the indicative path. Copying the label without the plumbing is not “best practice.” It is a close that can be more fragile than the VWAP it replaced.

Reform is fine. A close that overnight traders, option sellers and index funds cannot reconcile with the futures tape is not a better close. It is a different market for 20 minutes. #CAS

[Abhijeet @abhijeetpushkar]

Good Morning Everyone

1st September 2026

Yesterday's #CAS window saw a mess, we had 59 stocks hitting the 3% price band on both sides. Before today we had that incidence only thrice, and yesterday we had it in 59 stocks .

The situation is becoming worse by the day and it is spoiling the charts and making it more difficult with each passing day to get out a meaningful reading out of the charts. Just understand the scenario, yesterday DLF traded the entire day at around 669 levels while it closed at 691 in the CAS window. Now how are we going to interpret the charts and the data in future ? Whats the meaning of the level 691 ? What happened in between 669 to 691 ? A 22 rs range which never traded. This is not just one stock, we saw that happen in 59 stocks. And many more stocks which saw 2% plus jump/decline in the CAS window.

What happens to the orders that were pending in those 22 Rs price zone ? Where will the price open today, at 669 or 691 ? If it is 669 then how are we going to interpret the price 691, whats the meaning of this entire mechanism and the bullshit price discovery we are talking about ? Similarly for the gap down stocks which gapped 3% in the CAS window. Questions should be asked as who sold the stocks at 3% lower price when they could have easily sold at 3% higher price just 10 minutes back, that too in quantities of thousands and lakhs. If this is what is you call as price discovery then I don't know what we have been doing for last so many years. Why not the close the markets entirely and open it just for the last 15 minutes window, since that is where the price is being so called discover.

Writing down levels in this scenario seems so difficult. What levels to trust and what not. Still take down the levels for #Nifty today.

24,000 - The first support for the index. In fact this can extend all the way down to 23,960.

24,124 - The first resistance on the upside.

24,242 - The next resistance on the upside.

Note the levels for #BankNifty

The worst of all charts. We saw a gap of 600 points on the Bank nifty in 15 minutes. A useless 600 points. If it were so real then why didnt the option prices move ? Why didn't the futures price move ? As of now I am ignoring the CAS prices.

57,600 - The first resistance on the upside.

57,200 - The First support point on the downside.

57,000 - The next support on the downside.

No stock specific updates.
Have a profitable day ahead.

[Abhijeet @abhijeetpushkar]

@tradingview - Can you do a favour to the Indian retail traders and give an option to exclude the #CAS prices from the charts. A simple modification to end the prices calculation post 3:15. We are facing huge trouble in reading and interpreting the charts. Since the regulators are busy in other activities, I hope you can listen to this.

[Yatin Kumar @Yatin0805]

@Swiggy @SwiggyCares look into this

[Yatin Kumar @Yatin0805]

Really disappointed with Swiggy. I placed an order 234350139956165 on 5th April from Grand Prakash Dhaba worth ₹541, which got cancelled. But I’ve only received ₹113 as refund.
Even after raising a complaint, there’s been no proper response.Expecting a full refund ASAP. #Swiggy

[Yatin Kumar @Yatin0805]

Really disappointed with Swiggy. I placed an order 234350139956165 on 5th April from Grand Prakash Dhaba worth ₹541, which got cancelled. But I’ve only received ₹113 as refund.
Even after raising a complaint, there’s been no proper response.Expecting a full refund ASAP. #Swiggy

[Yatin Kumar @Yatin0805]

Really disappointed with Swiggy. I placed an order 234350139956165 on 5th April from Grand Prakash Dhaba worth ₹541, which got cancelled. But I’ve only received ₹113 as refund.
Even after raising a complaint, there’s been no proper response.Expecting a full refund ASAP. #Swiggy

[Stock Market Scientist™ @MarketScientist]

Hello Friends 🤗

Basis requests from many friends i will be conducting a special space session today with @rajsodhani sir at 8pm..

Panic is about to end in smallcaps?

Let's discuss the market way forward from here for smallcaps

See you all there

Repost if you are coming

[Abhijeet @abhijeetpushkar]

Birla Plans to enter into Cables and wires business through Ultratech and this is what they cause on the Wires leaders. Not because they are going to provide very great quality wires and cables. Its the way they operate. They take money from banks and then use that money to extend credit to the Distributors which in turn eats up market share as the distributors will be definitely promoting the one who gives them credit. The same that they did in Paints business with Birla opus.
This in no way has any positive effect on their business also and thats the reason Even Ultratech is down by more than 5%.

[Yatin Kumar @Yatin0805]

@Prakashplutus Sir, I didn't realize my year subscriptions is expiring tomorrow, Code P20 is not working, if you can please enable again.

[Yatin Kumar @Yatin0805]

@MarketScientist 5.4

[Yatin Kumar @Yatin0805]

@rajsodhani @MarketScientist I have registered when we will get the details

[RWA PHASE-2 OMAXE CITY PALWAL (HARYANA) @RWAPHASE2OMAXE]

ओमेक्स सिटी पलवल (हरि0) में , मै0 ओमेक्स कम्पनी द्वारा 09/12/2024 से पीने के पानी की आपुर्ति बंद की हुई है
इससे यहाँ हजारों निवासियों का दैनिक जीवन बुरी तरह से प्रहावित हो रहा है ।
कृपया हमारी सहायता करें ।
@PMOIndia
@NGTribunal
@cmohry
@DC_Palwal
@PalwalSp

[Stock Market Scientist™ @MarketScientist]

Hello Friends 🤗

Basis requests from many of our friends i will be conducting a space today to cover Textile Sector & opportunities present in Detail along with the Market way forward

See you all at 8:15pm friends

Repost for maximum reach 🤗

[Yatin Kumar @Yatin0805]

@rajsodhani Yes zoom meeting is still not started can somebody please update

[Yatin Kumar @Yatin0805]

@nishkumar1977 sir need your views on #banknifty

[Collin Rugg @CollinRugg]

JUST IN: The helicopter carrying Iranian President Ebrahim Raisi has been found according to Iranian state media.

The development comes just after reports claimed that contact had been made with one passenger and one crew member on the helicopter.

According to The Times, communication had been made "on several occasions."

As of now, it appears that the helicopter went down due to poor weather conditions.