PLATFORM
VOL SURFACE·SVI parametric · NIFTY + BANKNIFTY + F&O
EQUITY RESEARCH·DCF · Comps · Football Field
IPO PIPELINE·GMP feed · 5-broker bid placement
SUPPLY CHAIN·Upstream / downstream graph · NSE
TRADE JOURNAL·Greeks attribution · pattern detection
STRESS TESTING·COVID · 2008 · Taper · custom shocks
MONTE CARLO VAR·10k paths · Cholesky correlated
OPTIONS GREEKS·Δ · Γ · Θ · Vega · Rho — full chain
ARTHA AI·multilingual · cited sources · deep mode
DIVIDENDS·Forward calendar · 200+ Indian ex-dates
MPC ANALYSIS·RBI rate decisions · regime detection
5 BROKERS·Zerodha · Dhan · Angel One · Fyers · Groww
FACTOR MODEL·Fama-French 5 + MOM · alpha isolation
ROLLING CURVES·β · Sharpe · vol · correlation · daily
ROOT-CAUSE·Mistake taxonomy · emotion × outcome
VOL SURFACE·SVI parametric · NIFTY + BANKNIFTY + F&O
EQUITY RESEARCH·DCF · Comps · Football Field
IPO PIPELINE·GMP feed · 5-broker bid placement
SUPPLY CHAIN·Upstream / downstream graph · NSE
TRADE JOURNAL·Greeks attribution · pattern detection
STRESS TESTING·COVID · 2008 · Taper · custom shocks
MONTE CARLO VAR·10k paths · Cholesky correlated
OPTIONS GREEKS·Δ · Γ · Θ · Vega · Rho — full chain
ARTHA AI·multilingual · cited sources · deep mode
DIVIDENDS·Forward calendar · 200+ Indian ex-dates
MPC ANALYSIS·RBI rate decisions · regime detection
5 BROKERS·Zerodha · Dhan · Angel One · Fyers · Groww
FACTOR MODEL·Fama-French 5 + MOM · alpha isolation
ROLLING CURVES·β · Sharpe · vol · correlation · daily
ROOT-CAUSE·Mistake taxonomy · emotion × outcome
// Insights

Signal, not noise.

Research briefs from the Kautilya desk — macro shifts, market structure, and what actually moves Indian markets. Every claim is sourced; speculation is labelled as speculation.

Market Microstructure·02 Jul 2026

The book you can't see.

The price on your screen is the one number they let you see. Inside the order book your broker hides: how a market buy walks the ladder, why the desks get every tick while you get a snapshot, and why 91% of F&O traders lose even when they're right on direction.

91% F&O traders lose · FY25₹1.05L cr net retail losses~19µs colo vs 200ms you
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Macro Desk·30 Jun 2026

Paper out. Physical in.

China's biggest banks are shutting retail paper-gold trading while central banks swap US Treasuries for physical bullion — and gold quietly overtakes Treasuries as the world's largest reserve asset. The map of the great reserve reset: facts first, hype flagged.

863t CB gold · 2025$651B China USTs · 18-yr low57% dollar reserve share
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For informational and educational purposes only — not investment advice. Kautilya is not a SEBI-registered Investment Adviser or Research Analyst.