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Learn · Case studies

Read a case, then answer its questions.

Every case on the site is in one place. A market case walks through a chart and its data. A NISM case is a short story with 4 or 5 questions on it, like the case part of the real exam.

NISM exam cases

4 exams have a case part in the real paper: XV, X-A, XIX-A and XXI-B. Each has 3 full case sets. 14 more exams get 1 practice case each.

  • Series XV

    Research Analyst

    15 cases3 case sets20 case marks a set
  • Series X-A

    Investment Adviser (Level 1)

    27 cases3 case sets60 case marks a set
  • Series XIX-ANew

    Alternative Investment Funds (Category I and II) Distributors

    15 cases3 case sets20 case marks a set
  • Series XXI-BNew

    Portfolio Managers

    18 cases3 case sets60 case marks a set
  • Series VIII

    Equity Derivatives

    1 practice case4 questions
  • Series V-A

    Mutual Fund Distributors

    1 practice case4 questions
  • Series VII

    Securities Operations and Risk Management

    1 practice case4 questions
  • Series I

    Currency Derivatives

    1 practice case4 questions
  • Series IV

    Interest Rate Derivatives

    1 practice case4 questions
  • Series VI

    Depository Operations

    1 practice case4 questions
  • Series XVI

    Commodity Derivatives

    1 practice case4 questions
  • Series XXI-A

    Portfolio Management Services (PMS) Distributors

    1 practice case4 questions
  • Series XII

    Securities Markets Foundation

    1 practice case4 questions
  • Series XIII

    Common Derivatives

    1 practice case4 questions
  • Series III-A

    Securities Intermediaries Compliance (Non-Fund)

    1 practice case4 questions
  • Series IX

    Merchant Banking

    1 practice case4 questions
  • Series II-BNew

    Registrars to an Issue and Share Transfer Agents - Mutual Fund

    1 practice case4 questions
  • Series II-ANew

    Registrars to an Issue and Share Transfer Agents - Corporate

    1 practice case4 questions

Market cases

Each one shows 15 sessions of chart data. Then it asks what the chart can and cannot tell you.

  • Market case

    Bear Trap: A Worked Case Study of a False Breakdown

    15 sessions of data
  • Market case

    Delivery Percentage Surge: An NSE Cash-Market Participation Case Study

    15 sessions of data
  • Market case

    Short Covering Read Through Open Interest: A Worked Futures Example

    15 sessions of data

Paper Trading Try it on the practice trading desk