Research question
Instrument, intended horizon and the decision the note is designed to support.
ILLUSTRATIVE RESEARCH NOTE
See the questions a market note should answer.
This sample shows how evidence, confirmation, an alternative case and invalidation can appear on one page. It contains no live security, price target or performance claim.
SAMPLE FORMAT
Context → Evidence → Scenario → Risk → Review
No live security, price or trade is included.
Evidence reviewed
Relevant price structure, volume, liquidity, events, filings or product information.
Primary scenario
The evidence, activation condition and market behaviour supporting the view.
Alternative scenario
What would support a different outcome or make waiting more appropriate.
Invalidation and risk
The condition that changes the view, potential execution risks and permitted rupee risk.
Review note
What occurred, whether the process was followed and what new evidence matters.
READ THE REASONING
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