15 articles
From macro data to Buy/Hold/Sell — understand the complete research analyst workflow, SEBI ethical obligations, and how NISM Series XV Chapter 1 tests it. With a real case study.
How do you tell a healthy pullback from a genuine trend reversal? A step-by-step NISM XV guide using RSI, Fibonacci retracements, 50-day MA, volume, and Dow Theory. Includes a real case study.
When a fast-growing company pays no dividends and reinvests everything, which valuation method do you use? A practical NISM XV framework covering DCF, EV/Revenue, precedent transactions, and methodology selection.
When an industry shifts structurally — like ICE automotive moving to EVs — how does a research analyst assess value migration and long-term viability? Complete NISM XV industry analysis framework.
Learn how a NISM-certified research analyst evaluates a tech startup IPO — competitive moat, governance, scalability, and red flags. With a real case study from the NISM XV exam pattern.
BullWiser analysed 113 NISM Series XV mock test attempts by 70 unique candidates. The data reveals a 47.8% pass rate, an average score of 46.5%, and a stark gap: candidates who pass average 73.2% while those who fail average just 22.1%. Nearly 1 in 3 candidates scores below 25% on their first attempt.
Becoming a SEBI Registered Research Analyst is legally mandatory before publishing stock recommendations in India. This 2026 guide covers eligibility criteria, the NISM Series XV certification, the SEBI registration process, net worth requirements, fees, and post-registration compliance obligations.
What is the difference between fundamental analysis and technical analysis? For NISM Series XV Research Analyst candidates, this is a core exam topic. This guide explains both approaches, their tools, time horizons, SEBI registration requirements, and limitations — with practice exam questions.
Understanding the Profit and Loss statement is a core skill for NISM Series XV Research Analyst candidates. This guide explains how research analysts read P&L statements line by line — from revenue to PAT — including EBITDA margin, interest coverage, and red flags to watch for.
The Price-to-Earnings ratio is the most widely used valuation metric in equity research. This NISM Series XV guide explains the P/E formula, trailing vs forward P/E, PEG ratio, sector benchmarks, and how research analysts interpret P/E in buy/sell recommendations — with exam practice questions.
Discounted Cash Flow (DCF) analysis is the cornerstone of equity valuation in the NISM Series XV syllabus. This guide breaks down the DCF formula, WACC, terminal value, and exactly how research analysts apply it — with a worked numerical example and practice exam questions.
BullWiser runs daily NISM Series XV live classes at 9:30 PM via Google Meet. Batches of max 15 students start on the 5th of every month — enrol by the 4th. ₹3,999 includes study notes and 8 mock exams.
Chapter 14 covers SEBI Research Analyst Regulations 2014, registration requirements, code of conduct, and conflict of interest rules — all tested for 11 marks in NISM Series XV.
Chapter 10 carries 16 marks — the highest of any chapter in NISM Series XV. Master P/E, P/B, DCF, EV/EBITDA, and DDM with exam-focused explanations and practice questions.
Chapter 12 carries 10 marks in NISM Series XV. Master standard deviation, beta, alpha, Sharpe ratio, Treynor ratio, and the difference between systematic and unsystematic risk with exam-ready examples.