My study notes on Chapter 4 of the NISM Research Analyst workbook: investing vs trading, active vs passive, insider information vs mosaic analysis, and the four approaches — technical, fundamental, quantitative and behavioural — plus commodity fundamentals with gold and crude oil case studies.

My study notes on Chapter 3 of the NISM Research Analyst workbook: equity terms (face value, book value, intrinsic value, market cap, EV, EPS, P/E, P/S, P/BV), debt terms (coupon, YTM, current yield, duration), types of bonds, and commodity terms — with the key formulas and how this chapter is tested.

My study notes on Chapter 2 of the NISM Research Analyst workbook: what securities are, every product from equity to REITs, primary vs secondary markets, who all the participants are, the types of transactions, and demat — plus how this chapter is tested.

I’m preparing for the NISM-Series-XV Research Analyst certification using only the official NISM workbook — no courses, no random videos. Here’s the plan, the 2026 exam pattern, the full syllabus weightage, and where the numericals actually hide.