ज्योतिर्लेखावलयि
ज्योतिस् · लेखा · वलयिन्
ज्योतिषः लेखाः
तत्पुरुष (genitive) — streaks of light
ज्योतिर्लेखानां वलयम्
तत्पुरुष (genitive) — a ring made of those streaks
ज्योतिर्लेखावलयम् अस्य अस्ति इति ज्योतिर्लेखावलयि, तत्
बहुव्रीहि — the one that has such a ring
बहुव्रीहि — it refers to बर्हम्. ringed with a circle of light — the eye of a peacock's tail-feather. Mallinātha builds it in three moves: ज्योतिषस्तेजसो लेखा राजयः, the streaks are streaks of light; तासां वलयं मण्डलम्, their ring is a disc; यस्यास्तीति, 'of which there is one'. That last phrase is the mark of possession, and it is worth noticing where the possession comes from. The compound proper stops at ज्योतिर्लेखावलय, 'a ring of light-streaks', and that is a plain tatpuruṣa; what makes the word mean 'having such a ring' is the affix इनि added after it. So the sense is a bahuvrīhi's, and the machinery is a taddhita's
uncheckedMallinātha, Sañjīvinī, whose यस्यास्तीति is the possessive; the transcription gives बल्यं for वलयं“jyotiṣastejaso lekhā rājayastāsāṃ [va]layaṃ maṇḍalaṃ yasyāstīti tathoktam”