ILLUSTRATIVE RESEARCH FORMAT

See how a market view can be structured.

This educational sample shows the fields used to organise a research note. It is not a live recommendation, price target or performance claim.

SAMPLE FORMAT

Context → Evidence → Scenario → Risk → Review

No live security, price or trade is included.

01

Research question

Instrument, intended horizon and the decision the note is designed to support.

02

Evidence reviewed

Relevant price structure, volume, liquidity, events, filings or product information.

03

Primary scenario

The evidence, activation condition and market behaviour supporting the view.

04

Alternative scenario

What would support a different outcome or make waiting more appropriate.

05

Invalidation and risk

The condition that changes the view, potential execution risks and permitted rupee risk.

06

Review note

What occurred, whether the process was followed and what new evidence matters.

RESEARCH TRANSPARENCY

Understand the process before the market view.

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