https://bazaarbaazi.com Long-form analysis and signed editorial verdicts on Indian markets. Four desks: PSU and defence, F&O options flow, IPO and GMP, smallcap and SME. en-IN © 2026 BazaarBaazi Tue, 30 Jun 2026 13:09:35 GMT https://bazaarbaazi.com/smallcap/2026-05-10-smallcap-smallcap-250-pe-premium-1-55x-cycle-frame/ https://bazaarbaazi.com/smallcap/2026-05-10-smallcap-smallcap-250-pe-premium-1-55x-cycle-frame/ Sun, 10 May 2026 10:13:56 GMT Aditya Sharma Smallcap and SME The 92nd-percentile premium is a cyclical tell, not a top call, but the flow surge that built it is now decelerating while pledge ratios climb. https://bazaarbaazi.com/ipo/2026-05-10-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ https://bazaarbaazi.com/ipo/2026-05-10-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ Sun, 10 May 2026 10:13:56 GMT Aditya Sharma IPO and GMP Retail came in at 14x, but QIB went 86x and the anchor sheet is what set the ₹220 print, while the DRHP carries three signals the subscription noise has buried. https://bazaarbaazi.com/psu/2026-05-10-psu-defence-psu-rally-18-month-read/ https://bazaarbaazi.com/psu/2026-05-10-psu-defence-psu-rally-18-month-read/ Sun, 10 May 2026 10:13:56 GMT Aditya Sharma PSU and defence The cohort has done 320 percent in 18 months, but the price action is still lagging the FY25 order books by two to three quarters, which is the part the war-narrative crowd keeps mispricing. https://bazaarbaazi.com/smallcap/2026-05-09-smallcap-smallcap-250-pe-premium-1-55x-cycle-frame/ https://bazaarbaazi.com/smallcap/2026-05-09-smallcap-smallcap-250-pe-premium-1-55x-cycle-frame/ Sat, 09 May 2026 08:11:28 GMT Aditya Sharma Smallcap and SME The premium is a cyclical signal, not a structural break, but every cylinder that compresses it is now firing at once. https://bazaarbaazi.com/smallcap/2026-05-11-smallcap-smallcap-250-pe-premium-1-55x-cycle-frame/ https://bazaarbaazi.com/smallcap/2026-05-11-smallcap-smallcap-250-pe-premium-1-55x-cycle-frame/ Mon, 11 May 2026 13:22:09 GMT Aditya Sharma Smallcap and SME The 1.55x premium is a recurring cycle level, not a structural rerating, and while domestic SIP money has powered the move, pledge creep and flow deceleration now sit on the other side of the trade. https://bazaarbaazi.com/fno/2026-05-11-fno-nifty-24800-puts-pe-writing-strength/ https://bazaarbaazi.com/fno/2026-05-11-fno-nifty-24800-puts-pe-writing-strength/ Mon, 11 May 2026 13:22:09 GMT Aditya Sharma Futures and options Nifty rejected 25,200 and RSI cooled to 41, but the 24,800 strike is carrying a PCR of 2.4 against an index PCR of 1.05, which is what a synthetic floor looks like before the market notices. https://bazaarbaazi.com/psu/2026-05-11-psu-defence-psu-rally-18-month-read/ https://bazaarbaazi.com/psu/2026-05-11-psu-defence-psu-rally-18-month-read/ Mon, 11 May 2026 13:22:09 GMT Aditya Sharma PSU and defence The lazy read is geopolitics doing the heavy lifting, while the actual driver is a procurement plan and an indigenisation mandate that locked order books two years before the price action arrived. https://bazaarbaazi.com/fno/2026-05-08-fno-nifty-24800-puts-pe-writing-strength/ https://bazaarbaazi.com/fno/2026-05-08-fno-nifty-24800-puts-pe-writing-strength/ Fri, 08 May 2026 10:24:53 GMT Aditya Sharma Futures and options The 9-day RSI says heavy and the rejection at 25,200 says lower, but the monthly OI book at 24,800 is the only reading that has held seven of the last nine expiries. https://bazaarbaazi.com/ipo/2026-05-11-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ https://bazaarbaazi.com/ipo/2026-05-11-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ Mon, 11 May 2026 13:22:09 GMT Aditya Sharma IPO and GMP QIB came in at 86x and the GMP printed ₹38 intraday, but the anchor allocation paper trail and a Q3FY24 auditor swap are the two things post-listing pricing will actually answer for. https://bazaarbaazi.com/fno/2026-05-10-fno-nifty-24800-puts-pe-writing-strength/ https://bazaarbaazi.com/fno/2026-05-10-fno-nifty-24800-puts-pe-writing-strength/ Sun, 10 May 2026 10:13:56 GMT Aditya Sharma Futures and options Nifty rejected 25,200 and the 9-day RSI is bleeding, but the option chain is writing a different story underneath, while the FII futures short looks like a hedge bolted onto a heavier PE book. https://bazaarbaazi.com/ipo/2026-05-09-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ https://bazaarbaazi.com/ipo/2026-05-09-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ Sat, 09 May 2026 08:11:28 GMT Aditya Sharma IPO and GMP The 47x cover number is travelling on every group, but the real read sits inside the 38-name anchor list, while the GMP fade from 38 to 22 looks like exit pricing rather than weakness. https://bazaarbaazi.com/fno/2026-05-09-fno-nifty-24800-puts-pe-writing-strength/ https://bazaarbaazi.com/fno/2026-05-09-fno-nifty-24800-puts-pe-writing-strength/ Sat, 09 May 2026 08:11:28 GMT Aditya Sharma Futures and options The 9-day RSI at 41 is telling one story, but the strike-PCR at 2.4 against an index PCR of 1.05 is telling a louder one, and the writers there have already absorbed every dip-side put-buying spike of the last four weekly chains. https://bazaarbaazi.com/psu/2026-05-09-psu-defence-psu-rally-18-month-read/ https://bazaarbaazi.com/psu/2026-05-09-psu-defence-psu-rally-18-month-read/ Sat, 09 May 2026 08:11:28 GMT Aditya Sharma PSU and defence The lazy desks called it a geopolitics premium, but HAL's ₹1.25 lakh crore order book and a 75 percent indigenisation target were on the page months before the chart moved. https://bazaarbaazi.com/smallcap/2026-05-08-smallcap-smallcap-250-pe-premium-1-55x-cycle-frame/ https://bazaarbaazi.com/smallcap/2026-05-08-smallcap-smallcap-250-pe-premium-1-55x-cycle-frame/ Fri, 08 May 2026 10:24:53 GMT Aditya Sharma Smallcap and SME The premium is a recurring cyclical level, not a structural break, but every prior visit to 1.55x has cost the basket 9 to 12 months of underperformance while Nifty 50 sat tight. https://bazaarbaazi.com/ipo/2026-05-08-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ https://bazaarbaazi.com/ipo/2026-05-08-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ Fri, 08 May 2026 10:24:53 GMT Aditya Sharma IPO and GMP The QIB book closed 86x and the GMP faded from 38 to 22 by Day 3, but the story sitting under both numbers is a sovereign-and-domestic-mutual anchor list that took 45 percent of the issue at the upper band. https://bazaarbaazi.com/psu/2026-05-08-psu-defence-psu-rally-18-month-read/ https://bazaarbaazi.com/psu/2026-05-08-psu-defence-psu-rally-18-month-read/ Fri, 08 May 2026 10:24:53 GMT Aditya Sharma PSU and defence The cohort tripled in 18 months while the lazy desks blamed geopolitics, but the ₹2.56 lakh crore of disclosed order book across HAL, BEL, MDL and BDL is where the real story sat all along. https://bazaarbaazi.com/ipo/2026-05-06-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ https://bazaarbaazi.com/ipo/2026-05-06-ipo-gofirst-logistics-820-crore-anchor-book-breakdown/ Tue, 05 May 2026 21:30:31 GMT Aditya Sharma IPO and GMP The QIB number is carrying the headline subscription, but the GMP fade and the auditor switch are what post-listing desks should actually be reading. https://bazaarbaazi.com/fno/2026-05-06-fno-nifty-24800-puts-pe-writing-strength/ https://bazaarbaazi.com/fno/2026-05-06-fno-nifty-24800-puts-pe-writing-strength/ Tue, 05 May 2026 21:30:31 GMT Aditya Sharma Futures and options Nifty's RSI is at 41 and the chart rejected 25,200, but the options chain at 24,800 is carrying three times the normal put concentration, and history says that wall holds. https://bazaarbaazi.com/psu/2026-05-06-psu-defence-psu-rally-18-month-read/ https://bazaarbaazi.com/psu/2026-05-06-psu-defence-psu-rally-18-month-read/ Tue, 05 May 2026 21:30:31 GMT Aditya Sharma PSU and defence Most desks are calling this a geopolitics trade, but the FY24-FY29 procurement pipeline and multi-year order books say otherwise. https://bazaarbaazi.com/psu/2026-05-04-bazaarbaazi-launch-day/ https://bazaarbaazi.com/psu/2026-05-04-bazaarbaazi-launch-day/ Tue, 05 May 2026 01:30:00 GMT Aditya Sharma PSU and defence The publication you are reading is built on one rule. Every story has a named editor of record, a public correction trail, and a verdict the reader can hold us to. https://bazaarbaazi.com/ipo/2026-05-04-gofirst-logistics-820-crore-anchor-book-breakdown/ https://bazaarbaazi.com/ipo/2026-05-04-gofirst-logistics-820-crore-anchor-book-breakdown/ Mon, 04 May 2026 05:52:00 GMT Aditya Sharma IPO and GMP The QIB book was covered 86 times and the GMP faded from ₹38 to ₹22 by close, but the real signal sits in the 38-name anchor sheet that nobody outside the BRLM rooms is reading line by line. https://bazaarbaazi.com/smallcap/2026-05-04-smallcap-250-pe-premium-cycle-frame/ https://bazaarbaazi.com/smallcap/2026-05-04-smallcap-250-pe-premium-cycle-frame/ Mon, 04 May 2026 04:03:35 GMT Aditya Sharma Smallcap and SME The flow surge, pledge creep, and 2.4x relative-strength stretch are all firing together at the 92nd-percentile PE premium for the first time since September 2024, making this a book-sizing call, not a cycle verdict. https://bazaarbaazi.com/fno/2026-05-04-nifty-24800-puts-pe-writing-strength/ https://bazaarbaazi.com/fno/2026-05-04-nifty-24800-puts-pe-writing-strength/ Mon, 04 May 2026 03:15:00 GMT Aditya Sharma Futures and options Nine-day RSI at 41 says heavy, but the strike-PCR at 24,800 is more than double the index reading, and that gap is where the next two weeks of price action gets decided. https://bazaarbaazi.com/psu/2026-05-04-defence-psu-rally-18-month-read/ https://bazaarbaazi.com/psu/2026-05-04-defence-psu-rally-18-month-read/ Mon, 04 May 2026 00:42:00 GMT Aditya Sharma PSU and defence The lazy read calls it a geopolitics premium, while the order-book disclosures say the cohort is working off a multi-year procurement plan that the price action is only now catching up to.