HNI
Market basicsAlso 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.
Read the full lesson →Feynman technique
Risk & psychologyTesting 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.
Read the full lesson →Technical analysis
Technical analysisThe 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.
Read the full lesson →Technical glitch framework
Regulation & taxSEBI’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.
Read the full lesson →Discounting
Technical analysisThe 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.
Read the full lesson →Currency risk
Market basicsThe 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.
Read the full lesson →Efficient market
Technical analysisThe 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.
Read the full lesson →