RELIANCE LONG

Composite Z scores plus 2.1 standard deviations above energy-sector peer mean. Factor decomposition: momentum_63d plus 1.4, quality_roa plus 0.8, low-volatility minus 0.2 (counter-cyclical drag), participant-OI entropy collapse minus 0.31 over five sessions on FII books. Cross-decade analog retrieval at K=22 surfaces 2017-Sep pattern (Brent regime cell match, INR weakness cell match, banking-credit-growth quadrant match). In 17 of 22 analog windows, 4-day forward return plus 1.8 to 3.2 percent. Permutation p-value 0.034 on the composite score. NACHIKETA confirms IV rank at 18, term contango steep enough to fund a short-PE-plus-long-PE structure with positive theta capture. ABHIMANYU sizes to 1 lot at quarter-Kelly with regime haircut at 1.0 and consensus haircut at 0.85 (single ABSTAIN from RATHOD docked). Heat after this fill at 0.042, well inside the 0.06 ceiling. RUDRA flags pre-leak on Jio Q4 capex guide via MoneyControl backchannel, grade 4 with two-source agreement. GUPTA trust score 84 with no hard kill flags. CHANAKYA gate OPEN. The trade is two-sided: spot setup is the directional bet, the wrapper monetizes the IV-rank-low cell.