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AION Research

Working papers and research notes by Lokesh Gupta, founder of AION Analytics (India). ORCID: 0009-0000-7501-9230 · Google Scholar

Research first, identify the structural gap, then build infrastructure against it. This repository is a durable archive of that written record. Canonical, always-current versions of the notes live at https://aionanalytics.in/research.

Working papers

Year Title DOI / ID Local
2025 Beyond the Mirror: Systemic Vulnerabilities in LLM Safeguards Exposed Through Intentional Conditioning SSRN 5232429 PDF
2026 Asymmetric Multipolarity: Financial, Industrial, Resource, and Strategic Power in the Post-Unipolar Global Order 10.2139/ssrn.6449739 PDF
2026 The Great Indian Illusion: Unpacking the Gap Between Growth Statistics and Citizen Well-Being 10.2139/ssrn.6973958 PDF
2026 Signal Provenance in Retail Algorithmic Trading: An Architectural Gap in SEBI's 2026 Framework and Its General Form 10.2139/ssrn.7118421 PDF
2026 The Uncodified Margin: Human Relational Intelligence as a Structural Complement to Algorithmic Systems in Five Emerging Markets 10.2139/ssrn.7235801 PDF
2026 The Signature Trap: Structural Gaps in Spyware Detection and the Limits of Indicator-Based Defense 10.2139/ssrn.7503278 PDF
2026 Contextual Intelligence: A Causal Layer for Country-Specific Decisions 10.2139/ssrn.7596079 PDF

BibTeX for all of the above: papers/citations.bib

All papers are also archived on Zenodo. Papers that already carry an SSRN DOI are archived under that same DOI rather than a competing one, so citations stay unified.

Research notes

Shorter pieces on market structure, quantitative method, and macro. Each is archived on Zenodo with its own DOI and links back to its canonical version on the site.

Published Note DOI
May 21, 2026 Crash Cycles: How Markets Break Before the Headline Trigger 10.5281/zenodo.21849103
May 29, 2026 Euler's Equation and Why Financial Markets Are Built on It 10.5281/zenodo.21849107
April 8, 2026 Gold-Silver Ratio: A Dated Hypothesis (April 8, 2026) 10.5281/zenodo.21849117
May 17, 2026 Indian Market Intelligence: Macro Event to Sector Impact 10.5281/zenodo.21849127
June 10, 2026 OpenAlgo symtoken: 31 Brokers and Multi-Broker Execution 10.5281/zenodo.21849131
June 1, 2026 Options Greeks Through the Taylor Series: Why Your Option Did Not Move as Expected 10.5281/zenodo.21849139
May 18, 2026 SEBI Governance Blind Spot: Static IP and Retail Algo Execution 10.5281/zenodo.21849141
Systemic Risk: Graph Theory and Market Crash Mechanics 10.5281/zenodo.21849143
May 10, 2026 The 15-Minute Opening Window Rule: Market Structure Before Entry 10.5281/zenodo.21849135
May 26, 2026 The Bear Trap: How Panic Shorts Get Squeezed 10.5281/zenodo.21849092
May 26, 2026 The Bull Trap: How Breakout Buyers Get Harvested 10.5281/zenodo.21849100
January 2026 The Dollar-Metals Dynamic: A Factual Framework 10.5281/zenodo.21849105
June 22, 2026 The FII-DII Headline Is Lagging: What Actually Moved the Market on April 8 10.5281/zenodo.21849115
May 17, 2026 The Great Indian Illusion, Part 2: When the Framework Made a Call 10.5281/zenodo.21849119
April 9, 2026 The Great Indian Illusion: Five Structural Cracks 10.5281/zenodo.21849121
March 18, 2026 The High VIX Trap: Why Market Fear Becomes a Siren Song 10.5281/zenodo.21849123
February 12, 2026 The Trading Car: A Minimalist Dashboard for Market Decisions 10.5281/zenodo.21849147
May 5, 2026 Veritas: From Bachelier to Black-Scholes, and Why It Matters for Opening Bands 10.5281/zenodo.21849151
March 5, 2026 Who Actually Lost in a Crash? Breaking the “₹16 Lakh Crore Wiped Out” Myth 10.5281/zenodo.21849153
October 8, 2026 Expiry Week Mechanics: Why Tuesday Is Not Like Friday 10.5281/zenodo.23227415
October 8, 2026 Gamma Squeeze Mechanics: Why Dealers Accelerate Their Own Pain 10.5281/zenodo.23226817
October 8, 2026 The Gamma Flip: When Dealers Stop Damping and Start Amplifying 10.5281/zenodo.23227411
October 8, 2026 Open Interest Is Not a Forecast: It Is a Map of Trapped Positions 10.5281/zenodo.23226823
October 8, 2026 The Multi-Asset Cross-Hedge: Why Crude Moves Nifty 10.5281/zenodo.23226829
October 8, 2026 The Pre-Open Auction: Why 9:00 to 9:15 AM Prices Lie 10.5281/zenodo.23227412
October 8, 2026 The VIX Crush: Why Your Option Loses Value Even When You Are Right 10.5281/zenodo.23226819
October 8, 2026 Why Max Pain Matters (And When It Doesn't) 10.5281/zenodo.23226815

About

AION Analytics (India) builds market-intelligence and execution-integrity infrastructure for Indian financial markets, under a mandate that its outputs inform and never instruct.

Not affiliated with Aion Analytics LLC (United States) or AION Labs (Israel).

AION Analytics is not a signal provider and does not issue buy or sell recommendations. Nothing in this repository is investment advice.

Licence

Papers are distributed under the terms shown on their SSRN records. Research notes are © AION Analytics (India). Please cite rather than reproduce.