Top Traders in India 2023

Last updated on February 3rd, 2024 at 03:44 pm

Here is the list of the top traders in India. They are:-

  1. Sivakumar Jayachandran
  2. Nitish Kumar
  3. PR Sundar
  4. Ghanshyam Tech
Top Traders in India

Sivakumar Jayachandran

The King of Options Scalping

Sivakumar Jayachandran

Sivakumar Jayachandran Biography

Full NameSivakumar Jayachandran
Age50+
EducationHotel Management (Graduate)
Speaking LanguagesTamil and English
OccupationOptions Scalper(Buyer)
Founder & CEOOI Pulse
Net Worth50 Cr+ (estimated)
Monthly Trading Income1 Cr+
YouTube ChannelOptions Scalping

His Background

Sivakumar Jayachandran is an active and one of the best options scalper in Indian Stock Market. He did his Hotel Management in 1995 from Chennai. And he started working in Radisson Taj Coromandel Hotel, the money he use to earn their was decent but his lifestyle was really hectic as he was busy serving the guests whole week and no public holidays were there in hotel industry as that was the time when most people go to hotels to spend their vacations and holidays. Because of this busy work life, he wasn’t able to spend time with his family.

Working in a BPO experience

One day while talking to one of his friend who use to work in a BPO Industry, his friend told him that he has a 9 to 5 job and also have holidays on weekends. Hearing this, he also gone to apply for an interview in a healthcare BPO where his friend use to work but they refused him as he was overqualified for that job and they also thought that he would leave after learning from them.

Sivakumar Jayachandran

On the opposite of that BPO, there was another BPO building. So, he also gone there to give it a shot, the HR there agreed to take his exam and interview and he qualified both the written exam and the interview. But then, they made an offer of Rs.2500 per month which was just a fraction of what he used to get in Hotel Industry.

And he accepted that offer and started working there, he worked really hard and got promoted in three months only. There he met his wife. Then, he and his wife left that BPO and joined another fresh startup BPO and they scaled it up and started leading a team of 200 employees. Then, he got an offer from Mumbai to work there on double the salary which he use to get in Bangalore. So, he left and joined that BPO in Mumbai.

Starting his own company

One evening in Mumbai, he called his friend with whom he use to work in BPO industry. While chatting with his friend, his friend shared his thought of starting their own company. Next day, they had their business plan ready, then they pitched that plan to an investor, who got impressed and agreed to put Rs.2 crore in their startup. In 30 days , they got their first client and within two years they had 200 employees working under them. By the end of fourth year, they had grown their company and 800 employees were working under them at that time. Then, in 2015, they got an offer from a bigger company to buy them out and they sold their company.

His Trading Journey

He was also trading all these years while working in BPO industry. His friend only introduced him to Stock Markets and they both use to trade and invest in stocks. He use to invest in shares of companies like DLF, Suzlon, Unitech, JP Associates, Tata Motors, Bajaj Finance, etc.

His biggest regret

In 2007-2008, with Satyam Saga and Lehman Brothers collapse, the stock markets crashed and his 10 lakhs worth portfolio came down to 1 lakhs. And out of panic, he sold all his shares and emptied his portfolio. His biggest regret till now is that he also sold 1000 shares of Bajaj Finance, which he bought at an average price of Rs.170. If he would have been holding those 1000 shares of Bajaj Finance, it would be worth in crores today.

His comeback in trading

Then, he started trading based on tips providing services. But after losing money again, he decided to stop this Gambling and focused on learning trading by observing the markets and candlestick patterns. He says that his learning phase was from 2013 to 2014, where he learned about Open Interest, Candlestick patterns and some indicators like SuperTrend, RSI, Vwap, Wma and Parabolic Sar.

In 2015, he became profitable in trading. His confidence then, started increasing and he started scaling up and by the end of 2017, he covered all his losses and also made profit.

Why he started scalping?

He says that “it is a myth in the market that only sellers make money, buyer doesn’t.” He says that buyers has a limited risk and if they know what is the risk they wanted to take, then they can take that limited risk and earn.

He observed that any trade which he use to hold beyond 15 minutes to 1 hour was resulting in a big loss. Then, he started taking scalping trades. Scalping is when a trader enter and exit within 2 to 5 minutes of taking the trade. Some of his trades lasts less than 10 seconds and some of his trades lasts from 3 minutes to 5 minutes. He says that “Scalping is the best genre if you are an option buyer”.

Some of his profits and trading execution screenshots can be seen below –

His advice to novice traders

His advice to novice traders is that to never trade with money taken from personal loan or credit card. He says that “Never trade with a money which you can’t afford to lose”. And treat profit and loss both at the same length.

His 1% strategy

He follows 1% strategy rule which is to just make 1% profit of your trading capital and then, stop trading for that day. For example, if you have a capital of Rs.100000 then, the 1% of that capital would be Rs.1000. So, according to this strategy, if you made Rs.1000 profit with a capital of Rs.100000 then, stop trading for that day as your target of 1% is achieved. In this way, a trader can made 20% return on his capital in a month and in 5 months, his capital would be doubled.

His views on Open Interest

According to him, Open Interest is his GOD. He takes all his trades based on Open Interest. And he believes that Open Interest will tell(or caution) about an upcoming move in markets because open interest is nothing but the total number of open positions of sellers. So, according to him

  1. If open interest increases and the price also increases that means sellers are adding more positions on upside. So, there will be a possibility of up move. And we can go Bullish. This is also known as Long Build Up.
  2. If open interest increases and the price decreases that means sellers are adding their position on downside. So, there will be possibility of a down move. And we can go Bearish. This is also known as Short Build Up.
  3. If open interest decreases and the price increases that means sellers are covering up their positions. So, there will be a possibility of a short covering. And we can go Bullish. This is also known as Short Covering.
  4. If open interest decreases and the price also decreases that means sellers are exiting their positions. So, there will be a possibility of sideways or rangebound market. So, we should not take any trades in this condition. This is also known as Long Unwinding.

This is how he decodes the Open Interest data and take trades based on that.

His trading process

He starts his trading day at 8:30 a.m. by looking at Dow Futures and it’s last night movement. He also sees Banknifty and Nifty charts with the indicators he use. He marks the near or upcoming resistance and support on the charts of Banknifty And Nifty. Till 9:00 a.m. – 9:15 a.m. he does his pre-market analysis by decoding the open interest data with yesterday’s move in Banknifty and Dow Futures. Then, at 9:15 a.m. when the market opens, he start taking his opening trades and quickly start trailing his trades as soon as they move above his buying price. He does averaging as well as pyramiding while taking his trades.

He says that morning trades are really risky and it requires experience and speed to properly execute the trades. He takes his morning trades with his yesterday’s profits as his Stoploss. For example, if he made Rs.1 lakh profit yesterday then, his stoploss for today would be Rs.1 lakh. His day mostly gets done by 9:45 a.m. to 10:00 a.m. 90 percent of his trades lasts only for 2-3 minutes and he don’t hold his trades much beyond 10-15 minutes.

According to him, the best time for scalping is from 9:15 a.m. to 10:00 a.m. and from 1:30 p.m. to 3:00 p.m. as the volatility is higher at these times in the market. He also uses multiple trading accounts with different brokers and divides his capital in all these trading account so that he cannot just keep on averaging his losing trade and loses a big chunk of his capital in a single trade. And also sometimes many times brokers have connectivity issues. So, this also helps him to quickly switch to the another broker if one is not accepting orders.

To know more about Sivakumar Jayachandran, you can watch his full interview with Mr. Vivek Bajaj here:-

Also Read: FCS Software Share Price Target 2025, 2026, and 2030

Nitish Kumar

The King of Hedging

nitish kumar trader

His Background

Nitish Kumar is an active and one of the best Hedger in Indian Stock Market. He is from a village in Patna, Bihar. And he started his journey in stock market in 1999.

His initial days in stock market

And like a regular novice trader who enters into stock market tends to make profit initially. But then he started losing and after losing he wasn’t able to accept his losses and he started doing Revenge Trading. Then, after losing more he started his journey to just recover the lost money. But throughout this process, he lost big and his losses were in some crores.

He also took many stock market trainers courses but nothing worked for him. And he says that to tell everything on a closed chart is very easy but to tell anything in live market is really difficult and these closed charts knowledge doesn’t work in live market.

How he got to know about Hedging?

One day, he read somewhere that these big institutions like FIIs and DIIs take huge orders in thousands of crores or sometimes more than that and every trade they take is hedged. So, he started doing his research on What is hedging? Then, he came to know that with hedging we can do the risk management of our trades and we can control the losses of our trades by doing hedging.

After many years of research and losing money in the market. He learned about hedging practically and then, started applying that learning in his trades and the results were surprising. He was able to control the losses and was not just gambling based on indicators. He says that “Market jab lene pe aata hai to sab le leta hai or jab dene pe aata hai to chappar phaad ke deta hai”.

And during all this process of doing research and development, losing and then starting again, he lost many years of his life in all this learning. And now he is educating and helping people with a mission of only to save their precious time and he doesn’t wanted anyone to lose that much years of their life.

He says that not only money is lost in stock market, trader also loses the confidence and conviction after the loss. Also family members, relatives and friends everyone troll and pass negative comment after making loss, which is really hurting.

His views on Futures Trading

Many traders say that people who trade in future have no future and people who trade in options have a lot of options. So, his answer to those traders or people who are saying that future is a money destructing weapon is that they have no knowledge of hedging and if we do proper hedging in futures trades then, no trader can make a loss in futures trading.

His future trading strategy

In order to do futures trading with hedging, firstly we have to buy futures of a stock or index and then, we have to buy a put option which has 75-80% of intrinsic value and remaining 20% of extrinsic value or time value of that particular stock or future.

Then, after buying the future and put option. There would be two conditions :-

  1. If market goes up. Then, we will be in unlimited profit and we have to do nothing.
  2. But if the market started falling. Then, we can sell any higher call option for intraday to just recover the loss. This is how we will manage our risk in futures trading.

The payoff chart of this future hedge is given below:-

future hedge payoff chart

We can clearly see in this payoff chart that the maximum loss is only Rs.6085 but the maximum profit is undefined. So, future hedging only reduces the maximum loss not the maximum profit. And the margin also reduces a lot. For example, if you want to buy one lot Nifty Future, then the margin would be Rs.108000 but if you buy with one lot of put option then, the margin would be only Rs.17797 as shown in the above payoff chart. This is also one of the reason Nitish Kumar recommends everyone to do hedging as it also reduces the margin and more trades and lots can be taken with the same capital.

How to properly do hedging?

Nitish Kumar says that “Hedging is a dynamic subject and it is a thought process”. To do proper hedging, one must focus on developing their mind and thought process to think broader. And if FIIs and DIIs all take hedging trades then, why we retailers are taking trades without hedging.

His investment strategy for retired people

He has a great investment strategy which he also shared in his face2face interview. According to that strategy, if a retired person who has a PF money or anyone who needed a certain 1-1.5% return on their investment capital every month can invest in Nifty as it is the safest option for investment. So, in order to invest in Nifty, they have to buy Nifty Bees same as the lot size of Nifty. And then, they can sell any Nifty call option which is 4-5% above the price of Nifty every month. And generate a certain income of 1-1.5% every month on their investment.

For example, suppose if Nifty is trading at 18000 then, they can sell 18700 CE or 18800 CE one lot every month and can earn extra monthly income on their holding.

Hilega – Milega Indicator

Nitish Kumar believes that only four things exists in market. They are:-

  1. Price,
  2. Volume,
  3. Strength, and
  4. Momentum.

He says that other than these four things nothing exists in stock market. And he actually made an indicator using these four things altogether known as Hilega – Milega Indicator. He made this indicator absolutely free to traders, many traders are using this indicator to understand the market trend and are also making money.

Chips and Hawa Analogy

He also developed the concept of Chips and Hawa to explain and to make people understand easily about Intrinsic and Extrinsic value in layman terms.

For example, he says that a chips packet has only two things, i.e., Chips and Hawa. So, he uses that analogy to make people understand that options also have only two things, i.e., Intrinsic Value and Extrinsic Value(Time Value).

Types of Risks in stock market

According to Nitish Kumar, there are only three types of risks in stock market. They are:-

  • Known risk,
  • Unknown Risk, and
  • Plan Risk.
  1. Known Risk is that when a trader takes a trade with a proper Stoploss and risk reward ratio in mind.
  2. Unknown Risk is that when a trader just trades based on tips services or TV channels recommendations.
  3. Plan Risk is that when a trader plan the trade before taking it, i.e., take hedged positions or do hedging in trades.

He says that “Focus on learning and do trading as a business not as Gambling.”

His investment recommendation

He recommends everyone to invest in N100 ETF rather than investing in stocks without any knowledge or investing by taking tips.

His predictions

He was the only one trader out there who predicted that Nifty will reverse from 7500 and cautioned everyone to not short Nifty around 7500 while every other TV Panelist and every other trader were giving a target of 5000 and 3000 for Nifty.

To know more about Nitish Kumar, you can watch his face 2 face interview with Mr. Vivek Bajaj here:-

Also Read: Indian Infotech Share Price Target 2023, 2024, 2025, 2026 & 2030

PR Sundar

The King of Option Selling

PR Sundar?

PR Sundar Biography

Full NamePurisai Rajamani Sundar (PR Sundar)
Age58 years
EducationBBA, MSc in Mathematics
Speaking LanguagesTamil, English and Hindi
OccupationOptions Seller, Stock market Analyst, Finfluencer
Director of CompanyMansun Consultancy Private Limited
Net Worth200 Cr+
Monthly Trading Income2.5 Cr+
YouTube ChannelPR Sundar

PR Sundar is an active option seller in Indian Stock Market. He grew up in a very poor family , his father was an ordinary worker. He did his Master’s in Mathematics from Madras University and became a Mathematics teacher in a Birla Company at a decent salary.

At the age of 29, he got a chance to go to Singapore and work their as a teacher. Singapore is one of the country which pays huge salary to teachers, his one month salary in Singapore was around 20 times more than what he used to get here in India. Till the age of 40-45, he worked very hard as a teacher and accumulated enough capital. He literally use to work for 16 hours a day.

His MANTRA about hard work and money in life is that – “If you work for money first half of your life then, money will work for you second half of your life.”

When he was in Singapore, one day he was watching a TV show named “One Day With BOSS” which use to come there. In that show, he saw one hedge-fund manager living a luxurious and lavish lifestyle. That was the first time when he heard about derivatives trading and from their he got his dream to come in stock market one day. Then again he heard about derivatives trading in 1995, when Barings Bank of Singapore collapsed due to Nick Leeson’s huge derivatives trades.

In 2005, he came back to INDIA from SINGAPORE and he was looking for a second career other than teaching. One of his relatives was a sub-broker and he asked him to read NCFM book and to get certificate in order to hire him as a dealer(person who execute order on client’s behalf).

While reading that book one thing caught his attention and that was in order to trade in stock market in options you don’t have to give money you can also trade by giving collateral to the broker and as a collateral we can give stocks shares ,mutual funds, can also give BANK FIXED DEPOSITS also as a collateral. And after reading this he really got excited but it took almost 3-4 years to find out that which broker takes bank fixed deposit as a collateral to trade, even top brokers doesn’t take bank fixed deposits as collateral for trading.

Why is he an option seller?

He became option seller because the probability of winning in option selling is much higher than option buying. He also came with a large amount of money into stock market which he accumulated by teaching for so many years. He believes that option selling is good for traders with big capital.

He also wanted to trade with collateral and not cash(or direct money) that is also one of the reason he chose option selling as option buying is not allowed on collateral. He says that “Option selling is like sitting in front of a bonfire. If you are too close, you can get burnt. If you are sitting too far, then you will not enjoy the warmth. You need to sit at the right distance from the fire to enjoy the warmth.”  

PR Sundar

When he started his trading journey?

In 2007, he became a full-time options trader. Before 2007, when he was teaching he use to just invest in good IPOs and sell them for listing gains.

His advice to low capital market participants?

His advice to market participants with low capital is don’t come into secondary market just invest in good IPOs and after investing if they are getting 100% return then, they should only sell half of their investment to recover their initial amount because the other half investment will compound and give them much bigger returns.

His views on Futures trading?

He always says that “If you are trading in futures, you don’t have any future. But if you are trading in options then, you have a plenty of options”.

His trading process?

He closely tracks all data like Auto Sales Data, Cement Data, Core Sector Growth Data, US JOBS DATA ,Manufacturing PMI DATA, Services PMI DATA, INFLATION DATA, IIP DATA, etc. And then, he analyses that the impact of those data on Indian Markets would be positive or negative. And take trades based on that. He mainly trades in INDEX Options and 95% of his trades are in NIFTY and BANKNIFTY only.

Who makes money in Stock Market?

According to him, only two types of people make money in Stock Market. They are:-
1) Who are too Stupid.
2) Who are too Intelligent .
In-between people don’t make money in stock market.

His advice to new people who wanted to come in stock market?

Don’t come to stock markets seeing the FAT MTM screenshots of some stock market trainers because those trainers lure you to come to stock market and then, buy their training courses.

In any market “less is more“. He says that it is not important to make 100% return per annum, you only make 30% return per annum but be consistent and if you stay consistent one day people around you will seek your help, seeing you making good money consistently and then, you can also help them by managing their money and can take commission for that. You can make more money only if you are taking more risk and with less risk you can only make less money. And people don’t trust a person who takes bigger risk as their money is on stake.

His total experience in Stock Market?

He started his trading career full time in 2007. And, he is actively trading everyday since 2007 in stock market. So, his total experience in stock market would be around 15 years.

In 2018, Trader’s Carnival which held in MUMBAI invited him as a speaker and then, he appeared on CNBC and there is also an article about him on MONEYCONTROL.COM .
He says that his age is 58 now(in 2022) and the money he made in these last three years is much more than what he made in his 55 years combined. This is the power of stock market and trading if done in a right way with proper risk management and money management.

To know more about PR Sundar Trading Strategy, you can watch his full Low Risk Option Strategy here:-

Also Read: MPS Infotecnics Ltd Share Price Target 2023, 2024, 2025 & 2030

Ghanshyam Tech

Ghanshyam Tech

Ghanshyam Tech Biography

Real NameGhanshyam Yadav
Youtube NameGhanshyam Tech
Date of Birth30 September, 1986
Age36
Weight70 Kgs
Height5.7 ft
BirthplaceDeoria, Uttar Pradesh
ReligionHinduism
Current ResidenceMumbai, India
Wife OccupationHousewife
EducationB.Tech (Graduate)
OccupationFull-time Trader
HobbiesTrading, Investing & Music
Net Worth100 Crore (estimated)
Monthly Trading Income1.5 Crore+
Youtube ChannelsGhanshyam Tech and Art of Trading

His Background

Ghanshyam Tech is from a village called Deoria, which is 60km far from Gorakhpur, Uttar Pradesh. He come from a lower class family, his father was a labour group employee(or D category employee) in Ordinance Factory, Kanpur. He did his High School studies and Intermediate in Kanpur. Then, he shifted to Mumbai to do B.Tech.

His struggling days

While doing his engineering, he also did many part time jobs like banner printing, poster printing, fixing no-parking and electricity board and also did watchman job at night time.

How he came to know about trading?

He has a friend in college whose father was a trader and investor. So that was the fist time where he heard about stock market and trading. And he started learning and understanding about stock market and trading from his friend’s father.

His initial trading journey

He started trading with a capital of Rs. 5000. Then, he started investing in penny stocks by reading books and recommendations and lost his entire capital doing that.

He started doing trading regularly when he got a job after his B.Tech. in 2010. He use to spent half of his salary in trading and other half in rent and food. His job timing was from 11 a.m. and that time stock market used to open at 10 a.m. So, before going to his job, he use to trade in that opening one hour.

Why he doesn’t take overnight positions?

He says that he wanted to sleep with peace at night and don’t want to watch Dow and SGX Nifty all night.

How big money is made in stock market?

His belief is that “Real and big money is made by taking risk on profits not on the capital in stock market.”

Ghanshyam Tech

How he got into options trading?

Early he use to give stock market training. Once he gone to Hyderabad in 2017, there he met a person named Anand, who told him that he made Rs.16 Lakhs profit from a capital of Rs.3 Lakhs in just three months but then, he lost all of his profit and capital in the next three months. That was the first time when he realized the power of options trading.

So, he started doing research about options from 2017 and next three years he only learned and researched by taking small trades with 25 to 50 quantities. Then, he started trading in Banknifty options full time since 2019. He chose Banknifty over Nifty as he is very good in reading banks charts.

His learning phase

He says that he use to watch and read charts for eight hours a day. And he sleeps for only 4 hours and after waking up he again use to read and understand charts. At that time, he remembered supports and resistances of all Nifty 500 stocks.

He says that he is focused in trading Banknifty only and that’s why he doesn’t trade in Nifty or other stocks.

His money management strategy

Suppose if he started his trading with a capital of Rs.100000 and he makes a profits of about Rs.20000 in a week. Then, he will withdraw that profit of Rs.20000 from his trading account. And he will start trading with original capital of Rs.100000 only and he will continue to withdraw his profits till he recovers his original trading capital of Rs.100000 completely.

After recovering his original trading capital, he will take big trades and will not withdraw the profits he make to his trading capital. He says that “The real money and the big money in stock market is made with profits and not with the original capital “.

How big trades he takes in Intraday Trading?

He deploys around 4-5 crores in his intraday trades in option buying and has a stoploss of 10-20% of deployed capital. He maintains a proper Stoploss which his setup shows and he takes only that much risk in a day which he can easily manage or which doesn’t make him panic.

He doesn’t deploy his full capital everyday as that depends on the market, if the market shows any extraordinary move , then only he take trades with his full capital otherwise he will trade with 1/5th of his trading capital.

His highest Intraday Profit

He made a highest intraday profit of Rs.1.35 crore , he also made much higher intraday profits but in public he had shown only this much of highest intraday profit. He also uploaded a live screen recording of his profits on his YouTube channel – Art of Trading. You can see his highest profit video here:-

Biggest mistake a retailer does?

According to him, the biggest mistake which a retailer makes in stock market is that they don’t exit their losing trades quickly, they hold their losing trades with a hope that it will come in profit and keep on averaging that positions. He says that if you start booking your loss happily, then the market will also give you money easily and if you fight with the market then, the market will just kick you out of the market and blow your account.

His trading style

He is a momentum trader and he trades momentum and as soon as the momentum start fizzing out or ends, he just exits his trades  then and there either in profit or loss. His understanding of momentum is very good and he tries to just catch the momentum in his trades.

And as a option buyer we only need momentum. He also holds his profitable trades also only till the momentum lasts. He never decides the target of a trade, he decides only the stoploss or the risk. And he says that the target depends on the market. For example, sometimes he capture 20 points only and sometimes 200 to 400 points also. He says that whatever target market gives he respects that.

His pre-market analysis

He says that it is really important to see the daily time frame to get the broader perspective about the trend. So, everyday he just reads the daily timeframe and 5 minutes timeframe of Banknifty to get his support and resistance and then, he take trades based on that analysis in live market.

His trading time

He is a morning(or opening) trader, he take trades at opening candle only or sometimes at 9:20 a.m. after a 5 minute candle confirmation. And his 80% of profit or loss whatever happens is done between 9:15 a.m. to 10:30 a.m. Mostly, his trades are done by 10:30 a.m. and after that he just take trades with 10% of his profit as stoploss for next trades and once it hits he closes his trading terminal. This is how he also saves his profit.

His analysis

His major losses are only on either Mondays or Fridays. So, now he trades with less quantities on Mondays and Fridays. His success rate in trading Bajaj Finance is about 94%.

His Favourite setup

He tried many setups but nothing worked for him and he doesn’t use any indicators. His best setup which worked wonders for him is Price action, Trend Lines and Support-Resistances. He says that indicators restricts him to take some trades as they show confirmation after the momentum is ended. That’s why he doesn’t use any indicators.

Trading Psychology

He believes that “Money is not made with setups, it is made with proper mindset”. And he says that psychology is made with discipline. He advices that in order to build good trading psychology, a trader should take small trades, i.e., with less quantities because that is what builds the psychology. As with big quantities you are not learning you just wanted to make money.

To know more about Ghanshyam Tech, you can watch his full interview with Mr. Vivek Bajaj here:-

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