About

How this work gets made.

I read SEBI circulars. I download AMFI's distributor commission tables. I cross-reference enforcement orders against market design decisions. I traded F&O actively for three years, which means I understand retail market microstructure from the inside, including why participation ends the way SEBI's own data says it does.

The work lives between financial journalism and regulatory analysis. It starts from primary sources, never from press releases. The question is always the same: what does the public record actually prove, and where does the trail go quiet?

Beat

SEBI regulatory framework

AMFI mechanics and disclosure

Derivatives and market microstructure

Retail market structure and behaviour

Method

Primary-source research

Public dataset analysis

Cross-jurisdictional comparison

Regulatory and enforcement-order analysis

Output

Long-form investigations

Interactive data essays

Reader-facing market explainers

Short notebook posts between projects

Background

2025–2026
Independent Research Desk

Flagship investigations, data essays, and market explainers built and published at nitishadhikari.com.

2019–2024
Independent F&O Trader

Three years on NSE equity derivatives. Built working fluency in market profile, orderflow, market delta, footprint charting, and options pricing mechanics. Ended in the 91%.

2024–2026
MBA (E-Commerce)

IMS DAVV, Indore. Financial Markets, Economics, Business Analytics.

What I have is the work on this site, three years of trading experience that taught me how markets actually behave at the microstructure level, and a research workflow that produces at a pace most solo operators do not. I am 23, finishing an MBA, and have not yet worked inside a financial media or fintech team. I will relocate anywhere for the right role. The rest is for you to judge.