Insights
Notes from the research desk
Working notes on Indian market structure, options, and the methodology of testing strategies honestly.
18 Jun 2026
2 min read
Why most backtests lie — and what in-sample vs out-of-sample actually fixes
A strategy that looks brilliant on history has usually been fitted to it. The split between in-sample and out-of-sample data is the cheapest honesty test you can run.
#backtesting#validation#methodology
10 Jun 2026
2 min read
Reading FII and DII flows without fooling yourself
Daily provisional flow numbers are the most over-interpreted data in the Indian market. Here is what they can and can't tell you.
#market-structure#FII-DII#indian-markets
29 May 2026
2 min read
What the Put-Call Ratio actually tells you (and what it doesn't)
PCR is treated as a sentiment gauge with a fixed rulebook. It is really a context-dependent reading that means different things at different strikes and times.
#options#PCR#sentiment