Makemyinvest Tradesting Newsletter
Weekly Learning & Market Insights – Issue #003
​23 May 2026

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Direction • Decision • Discipline

Sector Spotlight

Corporate Highlights This Week

• WIPRO​
  Announced ₹15,000 crore share buyback at ₹250 per share and fixed June 5, 2026 as the record date for eligible shareholders.
• TEAMLEASE SERVICES​
  Approved share buyback worth around ₹238 crore through tender offer route at ₹1,600 per share.
• ZYDUS LIFESCIENCES​
  Declared ₹1,100 crore share buyback at nearly 13% premium to market price.
• WELSPUN LIVING​
  Share buyback activity remained in focus as the company turned ex-record date for the announced buyback.
• CMS INFO SYSTEMS​
  Turned ex-record date for its ongoing buyback process, attracting market attention.
• LARSEN & TOUBRO (L&T)​
  Declared final dividend of ₹38 per share with May 22, 2026 fixed as record date.
• HAVELLS INDIA​
  Among the major stocks turning ex-date this week for dividend-related corporate action.
• BALMER LAWRIE & CO​
  Stock reacted sharply after the board rejected bonus issue, stock split, and buyback proposals.
• BAJAJ AUTO​
  Board considered proposal related to equity share buyback during the week.
• COGNIZANT​
  Increased 2026 share repurchase target by an additional $1 billion, highlighting stronger shareholder return plans.

Note: For members not yet inside the Makemyinvest Tradesting Hub.

Concept of the Week

Understanding Max Pain in Options

Max Pain is an options concept where the market expiry tends to move towards the strike price at which the maximum number of option buyers may face losses.

In simple words:

👉 It is the price level where most Call and Put option contracts expire worthless.

Many traders observe Max Pain during weekly and monthly expiry sessions to understand:

• Possible market comfort zone
• Areas of high option activity
• Potential sideways market behaviour near expiry

Example:

If NIFTY Max Pain is at 25,000,
the market may often gravitate around that level closer to expiry.

When Max Pain Has Higher Chances of Working:

• During sideways or range-bound markets
• Near weekly or monthly expiry
• When volatility remains controlled
• When there are no major news events
• When price is already trading near Max Pain zone

When Max Pain May Not Work Well:

• During strong trending markets
• During major global or domestic news events
• High volatility or panic situations
• Sharp institutional buying or selling
• Breakout or breakdown market structure

Important Learning:

• Max Pain is not a prediction tool
• It should not be used alone for trading decisions
• It works better when combined with:
  • Open Interest Analysis
  • Support & Resistance
  • Trend Analysis
  • Price Action

Educational Insight:
Markets can still move strongly away from Max Pain during high volatility, news events, or trend-driven momentum.

Learning markets is always about probability, not certainty.
​

Community Win

Wisdom of the Week

📘 Learning Insight:

Many people think the market itself is risky.

But often, the bigger risk comes from:

• Lack of knowledge
• Emotional decisions
• Poor risk management
• Following others blindly

Learning before investing can help build confidence, clarity, and discipline.

The more you understand the business, trend, and risk involved,
the better your decision-making process becomes.

In markets, knowledge can reduce unnecessary fear.

My Content of This Week

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​YouTube Video Link​

​Twitter Post Link​

Keep Learning. Keep Tradesting!!! 🚀

Cheers,
​Tapas Chandra​
PGP (Research Analysis) | CMT Level-3 Candidate
​

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Disclaimer:

• The views, opinions, charts, and information shared are for educational and informational purposes only.

• Securities/instruments mentioned are for illustration and learning purposes and should not be construed as investment recommendations or advice.

• Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.

• Past performance does not guarantee future results.

• Readers should conduct their own research and assess their risk profile before making any investment decisions.

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