Technical & Derivative Research Analyst

Job Title: Technical & Derivative Research Analyst

Location: Mumbai

About the Role

We are seeking a highly motivated and skilled Technical & Derivative Research Analyst to join our research team. The ideal candidate will be an expert in technical & derivative analysis, capable of generating timely and accurate trading calls and market insights. This role is essential in supporting our trading desk, sales teams, and clients by providing data-driven recommendations that drive profitable investment decisions.

Key Responsibilities

• Market Analysis & Forecasting via Technical Analysis:

• Conduct in-depth technical & derivative analysis across various Equity Cash & derivatives (F&O) segment & Consistently generate profitable trading calls across various segments (Equity & F&O).

• Conduct in - depth technical analysis using charting software and a wide range of technical indicators and charting patterns to identify high-probability trading setups.
• Maintain a high accuracy rate for both intraday and positional trading recommendations.

• Forecast short-term and medium-term market movements for major indices, sectors, and individual stocks.

• Derivatives:

• Be able to Identify-analyze live derivative data to generate intra-day as well as positional Index Option Trading recommendations and Option strategies with Payoff construction.

• Be able to Formulate trading ideas (Future, Option, Pair Trades) based on derivatives data

• Research & Reporting:

• Generate and publish daily, weekly, and special technical research reports with clear, concise, and actionable recommendations.

• Prepare and deliver presentations to internal teams and clients, explaining the rationale behind trading calls and market views.

• Contribute to the firms research portal and client communication channels with timely market commentary and updates.

• Strategy & Risk Management:

• Develop and backtest trading strategies based on technical analysis.

• Incorporate robust risk management principles, including defining clear entry points, stop-loss levels, and profit targets for all recommendations.

• Actively monitor open positions and provide real-time updates and adjustments in response to market volatility.

• Client & Stakeholder Communication:

• Serve as a subject matter expert, addressing client queries related to technical market trends and specific trading calls.

• Conduct webinars, seminars, and training sessions for clients to enhance their understanding of technical / derivative analysis and market dynamics.
• Collaborate with sales and advisory teams to provide them with the necessary insights and support to serve clients effectively.

Qualifications & Skills

• Education: Post Graduate degree in Finance, Economics, Statistics, or a related field.
• Experience: 5 years of experience as a Technical Analyst within a stock broking firm.

Certifications:

• NISM Series XV (Research Analyst) certification is mandatory.
• Professional certifications such as Chartered Market Technician (CMT) or Certified Financial Technician (CFTe) are highly preferred.

Technical Skills:

• Proficiency in a variety of technical analysis tools and platforms (e.g., Falcon, Spider, Trading View, Meta Stock, Bloomberg Terminal, Refinitiv).
• Strong knowledge of technical indicators (e.g., RSI, MACD, Moving Averages, Bollinger Bands), charting patterns (e.g., Head & Shoulders, Flags), and advanced methodologies (e.g., Elliott Wave Theory, Fibonacci Retracements).
• Experience with statistical analysis and data visualization. Knowledge of Python, R, or other programming languages for back testing and algo development is a plus.

Derivative Skills:

• Have rich knowledge in option pricing, Option Greeks and hedging strategies with understanding of trade economics, pay-off profiles, and pricing factors
• Have knowledge in conducting Open Interest Analysis, FII Derivate Data Analysis, Rollover Analysis, Hedging Strategies and implementing the same in option strategies for favorable risk/reward gains

Soft Skills:

• Exceptional communication and presentation skills, with the ability to articulate complex technical concepts clearly to a diverse audience.
• Strong analytical, problem-solving, and critical-thinking abilities.
• High attention to detail and ability to work effectively under pressure in a fast-paced environment.
• A high degree of integrity and ethical conduct, with a commitment to regulatory compliance.