Navigate Indian Markets with Research, Not Hype
Independent equity research by Nitish Goyal. Structured analysis, transparent disclosures, and disciplined market views — built for retail investors who think for themselves.
Who This Is For
Retail investors seeking independent, SEBI-regulated equity research — whether you're starting out or refining your approach.
What Do We Bring to You?
All the innovative solutions you need to grow your business are here! We add value to your business with our features that simplify your workflow, increase efficiency and strengthen your decisions.
How I Analyze Stocks & Markets
A structured 6-step process I use to evaluate companies, map risk, and make informed decisions. This isn't a holy grail – it's a probabilistic framework for thinking clearly.
First step: understand what the company does, its sector dynamics, and competitive position. No analysis without context.
Study how the stock has moved historically – drawdowns, rallies, volatility patterns. Price tells its own story.
Identify support, resistance, and invalidation zones. Know where you're wrong before you enter a position.
Build bull, base, and bear case scenarios. Markets are probabilistic – plan for multiple outcomes, not just the one you want.
Decide: Is this a trade or investment? How much exposure makes sense given your overall portfolio and risk appetite?
Study management behavior, retail sentiment, and market psychology. Markets are made of humans, not just numbers.
Latest Market Views & Analysis
Market views shared for learning. NOT recommendations to buy or sell. See Legal & Disclosures section.
Disclaimer: All content is for educational purposes only – NOT personalized investment advice. Markets involve risk. Do your own research and consult registered professionals.
Nitish Goyal — SEBI Registered Research Analyst
SEBI Reg. No. INH000025993
Individual Research Analyst
Research-Driven, Not Hype-Driven
Nitish Goyal is a SEBI Registered Individual Research Analyst with over 8 years of experience in Indian equity markets. Specializing in price action, market structure, and risk management, he founded Trading Baniya to bring structured, transparent equity research to retail investors.
The Journey
What started with the typical retail mistakes — over-trading, chasing tips, F&O losses — evolved into a disciplined, research-first approach through years of real market experience. The turning point was shifting focus from predictions to probability, process, and behavioral discipline.
Trading Baniya was born from this journey — to help retail investors avoid the same pitfalls and build their own analytical framework. Today, as a SEBI Registered Research Analyst, the mission is backed by regulatory accountability and professional standards.
Research Philosophy
- Probability over predictions — manage risk, not certainty. Every research report discloses the rationale and risk involved.
- Price action + fundamentals — charts with business understanding, not blind targets. Research is corroborated by relevant data and analysis.
- Transparency first — full disclosure of conflicts of interest, financial holdings, and trading restrictions as mandated by SEBI regulations.
- Think for yourself — the goal is to help you build your own analytical framework, not create dependency on tips or calls.
Equity Muni — AI Research Assistant
Built Equity Muni, an AI-powered research assistant that helps retail investors analyze companies, compare stocks, and understand risks — in plain, simple language. AI usage in research services is fully disclosed as per SEBI Regulation 24(7).
Join the Trading Baniya WhatsApp Group
Market structure updates, key levels, and notes on risk management and market psychology. Real trades shared as learning illustrations with full disclosure — not buy/sell recommendations.
What You'll Get:
- Market structure updates & key levels
- Charts & trade commentary
- Voice notes on market thinking
- No spam or promotions
What You Won't Get:
- Intraday buy/sell calls
- Assured returns or target-based recommendations
- Get-rich-quick schemes
House Rules: Respectful discussion. No promotions. All securities mentioned are for illustration only and are not recommendatory. You are responsible for your own investment decisions.
Join WhatsApp CommunityYour AI-powered research assistant that helps you analyze companies, compare stocks, and understand risks — all in plain, simple language.
Structured Analysis
AI synthesizes fundamentals, technicals & news to support your research process
Balanced Perspective
Review both bull case and bear case scenarios with supporting data
Plain Language Wisdom
Complex analysis explained simply, without confusing jargon
Risk-First Approach
Key risk factors, catalysts, and price levels highlighted upfront to aid your research
AI Disclosure: Equity Muni uses Artificial Intelligence tools to assist in research analysis. As per SEBI Regulation 24(7) of RA Regulations, the research analyst is solely responsible for the security, confidentiality, and integrity of client data, and compliance of AI-based outputs with applicable laws. AI-generated insights are supplementary and do not replace independent research or professional judgement.
Get in Touch
For queries on research services, collaborations, or feedback. SEBI Registered Research Analyst — INH000025993.
Grievance Officer: Nitish Goyal | Email: support@tradingbaniya.com | Phone: +91 70092 74826
Grievances will be resolved within 7 business working days. If unsatisfactory, escalate to SEBI SCORES or Smart ODR.
Common Questions
Regulatory & Compliance
Nitish Goyal — SEBI Registered Individual Research Analyst | INH000025993
SEBI Registration No. INH000025993
Enlisted with RAASB (BSE Limited) | Registered Address: SCO 17, First Floor, Opp. Balaji Enclave-II, Logarh Road, Zirakpur, Mohali, Punjab - 140603
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosures & Disclaimers
SEBI registration details, risk disclosure, conflict of interest, AI disclosure, grievance redressal
Investor Charter
Vision & mission, investor rights, Do's & Don'ts, grievance mechanism
Complaint Data
Monthly complaint status, resolution trends, annual disposal data
Terms & Conditions
Service terms, MITC, fee structure, refund policy, KYC requirements
For any queries, feedback or assistance, contact SEBI Toll Free Helpline: 1800 22 7575 / 1800 266 7575