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 · Upstox · Angel · Fyers
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 · Upstox · Angel · Fyers
FACTOR MODEL·Fama-French 5 + MOM · alpha isolation
ROLLING CURVES·β · Sharpe · vol · correlation · daily
ROOT-CAUSE·Mistake taxonomy · emotion × outcome
// Modules

Find market gaps. Simulate them. Then trade.

Seven engines, one workstation. Vol surfaces watch options. Carry models watch futures. Research scores stocks and IPOs. Supply-chain maps surface second-order ideas. A live scanner converges all of it into one feed. Then the virtual portfolio lets you simulate the trade — with real Greeks, real VaR — before risking any capital.

01 · Options pricing

SVI-calibrated vol surface — every minute.

Most retail vol tools plot the noise of raw quoted IVs across strikes. Spreads, stale fills, and OI-light strikes corrupt the picture. Kautilya fits Gatheral's SVI parametric surface — the standard at institutional option desks — so ATM IV, 25Δ skew, and the term-structure kink are clean numbers you can act on.

Re-calibration runs every 60 seconds across NIFTY, BANKNIFTY, FINNIFTY, and the top 100 F&O stocks. Roger Lee, butterfly, and calendar arbitrage checks reject bad fits before they reach you.

NIFTY · spot 24,000 · SVI fit
30%46%62%ATM22.0K22.5K23.0K23.5K24.0K24.5K25.0K25.5K26.0KSTRIKE
Surface snapshot · 30D
ATM IV
14.2%
25Δ skew
-2.4%
IVP
38
Hover a point
Move your cursor over any point on the curve to inspect.
Same SVI shape the workstation calibrates live. Dashed ghosts = other expiries — flip between them to feel the term structure.
02 · Fair pricing + cost of carry

Spot vs futures: where the basis breaks.

Every Indian F&O contract trades against a carry-implied fair value. Get the carry inputs right (risk-free rate, dividend curve, lending yield) and you can spot when futures are rich or cheap before the basis closes.

Kautilya backs out the dividend curve from put-call parity nightly, pulls risk-free from the live G-Sec, and ranks every F&O contract by fair-value gap, IVP, and signal confidence. The table below is what the scanner looks like right now.

Fair value · top mispricings
Sortable. Click any column header. Sample data — workstation refreshes every minute.
CHEAPRICHFAIR
Signal
BAJFINANCE
29 MAY FUT
7,212-1.22%673.1%
91
cheap
NIFTY
29 MAY FUT
23,980-0.26%385.6%
88
cheap
ADANIENT
29 MAY FUT
2,364+2.34%8212.4%
84
rich
TCS
29 MAY FUT
3,884-0.54%314.2%
82
cheap
INFY
29 MAY FUT
1,488-0.87%223.4%
79
cheap
RELIANCE
29 MAY FUT
2,648+0.61%548.9%
76
rich
BANKNIFTY
29 MAY FUT
52,240+0.23%427.4%
71
rich
ICICIBANK
29 MAY FUT
1,124+0.54%366.8%
68
rich
HDFCBANK
29 MAY FUT
1,620-0.18%286.1%
64
fair
LT
29 MAY FUT
3,580+0.34%415.9%
58
fair
03 · Equity research

DCF + comps + football field — every NSE 500.

Damodaran-style intrinsic value built from BSE annual report ingestion. Five valuation methods stacked into a football field. Sector-specific KPI overlays (auto, banking, IT, FMCG, pharma — 22 frameworks). Provenance for every input.

The football field below is RELIANCE: five methods, range stacked, current LTP marked. The right panel is the live ranking by FV upside — the spread between LTP and intrinsic that the scanner refreshes overnight.

Football field · RELIANCE
LTP ₹2,648 · five valuation methods
DCF254031202830P/E268029802830EV/EBITDA262030502835P/B241028902650SoTP275033003025LTP ₹264823103400
Implied fair value range: 2410–₹3300 · upside +7.0% to mid
FV upside · top of NSE 500
Ranked by gap to fair value · refreshed nightly
SBIN
Banking
+30.0%
80/100
BHARTIARTL
Telecom
+24.0%
81/100
ITC
FMCG
+22.0%
70/100
HDFCBANK
Banking
+17.8%
80/100
RELIANCE
Energy
+15.6%
82/100
LT
Capital Gds
+14.0%
76/100
04 · IPO research

GMP, subscription, allotment — one feed.

Indian retail loves IPOs. Indian IPO data is scattered — GMP on Telegram, subscription on NSE/BSE separately, allotment on the RTA. Kautilya pulls it all into one tracker with a signal score weighing GMP-to-band ratio, QIB conviction, and listing-day implied gain.

Click any row to expand the subscription breakdown — retail / NII / QIB across the offer.

IPO calendar · live
Click any row to expand subscription breakdown.
STRONGOKAYSKIP
IssuerPrice bandSizeSub × (total)GMPCloseSignal
Bajaj Housing Finance
BAJAJHFL · Mainboard
66706,560 Cr14.6×+56
+80.0%
2d 4hSTRONG
Subscription breakdown
Retail
7.4×
NII (HNI)
18.2×
QIB
22.4×
Total
14.6×
Lot size: 214
Listing: 16 May
GMP / band: 80.0%
Premier Energies
PREMIER · Mainboard
4274502,830 Cr7.8×+280
+62.2%
1d 2hSTRONG
OnEMI Technology Solutions
ONEMI · Mainboard
442467926 Cr11.2×+38
+8.1%
ClosedOKAY
Stanley Lifestyles
STANLEY · Mainboard
351369537 Cr7.6×+92
+24.9%
ClosedSTRONG
Allied Blenders
ABDL · Mainboard
2672811,500 Cr1.4×-4
-1.4%
4d 6hSKIP
Bansal Wire Industries
BANSAL · Mainboard
243256745 Cr2.9×+18
+7.0%
5d 12hOKAY
05 · Supply chain

Where one stock's news moves another.

The flat-steel realisation a steelmaker books next quarter is already implied in the PV volumes its auto customers report this quarter. The Brent-Singapore spread today is the refining margin a refiner books two months out. These links exist in every Indian sector, and almost no retail platform surfaces them.

Kautilya maintains an upstream/downstream graph for 200+ NSE names. Hover any node to see the linkage and the current signal — green/red dots flag active macro tailwinds or headwinds.

Supply chain · Tata Steel
Iron ore + coal in. Flat steel out — to auto, infra, white goods.
UPSTREAMTATASTEELDOWNSTREAMNMDCIron oreCOALINDIACoking coalADANIPOWEREnergyTATASTEELFlat steelMARUTIAutoL&TInfraWHIRLPOOLAppliances
Why this map matters

When auto majors miss volumes for two consecutive months, flat-steel realizations follow within ~6 weeks. Kautilya flagged this in the 2024 monsoon slowdown — Tata Steel's Q2 EBITDA miss was already in supply-chain signals 8 weeks earlier.

Hover any node
Each node carries its own signal — green = positive macro/sector tailwind, red = headwind. The workstation surfaces second-order trades when an adjacent node moves.
Tailwind
Headwind
Neutral
06 · Market gaps scanner

All six engines, one feed.

Vol surface dislocations from module 01. Basis breaks from 02. Fair-value gaps from 03. IPO mispricings from 04. Supply-chain second-order signals from 05. They all converge here, ranked by signal score, refreshed every minute during market hours.

In the workstation, every row carries a one-click "Simulate in virtual portfolio →" action — taking you straight into module 07.

Market gaps · scanner
Six engines converge here · refresh interval 60s · sample shown
VOLBASISFVCARRYSUPPLYIPO
BASIS
12s ago
+2.34% basis vs fair
ADANIENT 29MAY FUT
Futures rich · IVP 82 · borrowing rate 14% · IV skew flipped
84
signal score
VOL
29s ago
IV vs SVI fit -3.8%
BAJFINANCE 30000PE
Theta-rich entry · skew dislocation · ATM IV 38 vs surface 41.8
91
signal score
SUPPLY
53s ago
Maruti PV -4% YoY
TATAMOTORS
Auto demand softening · Tata Steel flat-steel realisations follow ~6w
73
signal score
FV
1m 8s ago
Premium > intrinsic + decay budget
NIFTY 24400CE
Premium ₹78 vs Black-Scholes ₹69 · spike on FII unwinding
68
signal score
IPO
1m 55s ago
QIB sub 12.1× · GMP ₹280 (+62%)
PREMIER IPO
Listing gain implied ~45% · allotment likelihood 17%
88
signal score
CARRY
2m 17s ago
Calendar -0.6 vol pts
BANKNIFTY 30D CALENDAR
Mean reversion play · 30d > 60d kink · θ-positive spread
76
signal score
Workstation gives you a one-click Simulate in virtual portfolio → on each row.
Showing 6 of 47 active signals
07 · Virtual portfolio

Test the trade. See the risk. Then decide.

The virtual portfolio is a delta layer on top of your real book. Add a virtual position — long, short, options, futures — and Kautilya runs the full risk pipeline through it: margin requirement, VaR shift, Greek decomposition, concentration drift, sector exposure.

The widget below uses a sample ₹25-lakh portfolio. Pick a position, scale it with the slider, and watch the impact card update. The workstation does this with your real book, with one-click conversion to a real order when you're ready.

Virtual portfolio · what-if
Sample book: ₹25L · 12 positions. Add a virtual trade, see what changes.
Pick a virtual position
Why this idea
Aligned with +12% FV gap. ATM IV mid-range, decent risk-reward.
Portfolio impact
Margin used
was ₹16,85,000
₹17,05,500
VaR(95%) 1-day
was ₹1,86,000
₹1,93,200
Net Δ exposure
was 142
247
Energy concentration
was 14.5%
19.9%
Sector concentration · after
IT
34.2%
Banking
26.4%
Energy
19.9%
NBFC
11.3%
Auto
8.2%
READY TO SIMULATE
Tail risk shift: +3.9% · Free margin after: 7,94,500

Seven engines. One workstation.

Start free, connect a broker, plug into the live scanner. Upgrade when you want vol surfaces, full DCF, and the virtual portfolio.