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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 7 terms

HNI

Market basics
Also called: High net worth individual, NII

High net worth individual — in a public issue, the non-institutional category, which covers applications above ₹2 lakh.

In plain terms

Often heavily leveraged short-term money chasing a listing pop, which is why a huge NII subscription says more about funding costs than about the company.

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Feynman technique

Risk & psychology

Testing understanding by explaining a concept in plain language to a beginner and noting where you stall.

In plain terms

The stall is the finding. Two rounds of this beat a month of passive reading.

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Technical analysis

Technical analysis

The study of price and volume history to judge probable future price behaviour.

In plain terms

Reading the crowd through the record it leaves on a chart.

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Technical glitch framework

Regulation & tax

SEBI’s regime requiring brokers to report material disruptions to their trading systems within set timelines and to submit a root cause analysis afterwards.

In plain terms

It defines the event rather than leaving it to argument: a malfunction of five minutes or more in trading hours affecting login, order processing, visibility of funds or risk systems. There will be an official timeline of what happened, and your own timestamps are what let you check your account against it.

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Discounting

Technical analysis

The first assumption of technical analysis — that every known fact, forecast and emotion is already expressed in the price.

In plain terms

You do not need to know why a large fund is accumulating. The accumulation shows up as rising price on rising volume whether or not the reason is public.

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Currency risk

Market basics

The exposure created when an asset is priced in a currency other than the one you spend in; your rupee return is roughly the asset return plus the currency move.

In plain terms

A US index up 10% with the rupee strengthening 6% leaves you about 4%. The asset did the same thing either way — which is why currency is a second exposure, not a technicality.

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Efficient market

Technical analysis

The claim that prices already reflect available information, so no repeatable pattern in past prices can be exploited.

In plain terms

The strongest objection to technical analysis, and it holds in part: simple published systems do decay once everyone can see them. What does not get arbitraged away is the discipline to follow a rule consistently.

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Indian stock market glossary · Market Vidyalaya