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Top 10 most successful intraday trader in India to Follow 2023
Intraday trading, also known as day trading, involves buying and selling financial instruments within the same trading day. In India, several traders have achieved remarkable success in this domain, demonstrating exceptional skill, strategy, and market insight. This article delves into the top 10 most successful intraday traders in India to follow in 2023, exploring their backgrounds, trading philosophies, and key achievements.
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1. Rakesh Jhunjhunwala
Often referred to as "India's Warren Buffett," Rakesh Jhunjhunwala was a legendary figure in the Indian stock market. He began his trading career in 1985 with a capital of just ₹5,000 and amassed a substantial fortune over the years. Jhunjhunwala's approach combined long-term investments with strategic intraday trades, focusing on undervalued stocks with strong growth potential. His notable investments included Titan Company, Tata Motors, and CRISIL. His success story continues to inspire intraday traders across the nation.
2. Radhakishan Damani
Founder of the retail giant DMart, Radhakishan Damani is renowned for his astute trading strategies. Before venturing into the retail sector, Damani was a successful stock market investor and trader. He is known for his conservative yet effective intraday trading approach, emphasizing thorough research and patience. His portfolio has included stakes in companies like Avenue Supermarts and VST Industries.
3. Raamdeo Agrawal
Co-founder of Motilal Oswal Financial Services, Raamdeo Agrawal is a prominent figure in the Indian trading community. He is celebrated for his long-term investment strategies and his ability to identify high-growth stocks. Agrawal's investment philosophy focuses on quality, growth, longevity, and fair price (QGLP). His notable investments include Hero Honda and Infosys, which have yielded significant returns.
4. Ashish Kacholia
Known for his expertise in identifying mid and small-cap stocks, Ashish Kacholia has made a name for himself in the intraday trading arena. He has a knack for spotting emerging companies with strong growth prospects. His diversified portfolio includes investments in companies like Acrysil Ltd., ADF Foods, and Apollo Pipes. Kacholia's success underscores the importance of thorough research and strategic stock selection in intraday trading.
5. Vijay Kedia
Vijay Kedia's journey in the stock market began at the age of 19. Despite facing initial setbacks, he persevered and developed a successful trading strategy. Kedia focuses on investing in companies with strong management and growth potential. His notable investments include stakes in companies like Cera Sanitaryware and Sudarshan Chemicals. His story highlights the significance of resilience and continuous learning in intraday trading.
6. Mukul Agrawal
Mukul Agrawal is recognized for his aggressive investment strategies and his focus on small and mid-cap stocks. He has built a substantial portfolio with investments in companies such as J Kumar Infraprojects Ltd., Kamdhenu Ltd., and Eveready Industries India Ltd. Agrawal's approach involves identifying undervalued stocks and capitalizing on short-term market movements, making him a notable figure in intraday trading circles.
7. Sunil Singhania
As the founder of Abakkus Asset Manager, Sunil Singhania has established himself as a distinguished trader in the Indian stock market. He is known for his diversified investment approach and his focus on companies with robust fundamentals. Singhania's portfolio includes investments in Jindal Stainless Ltd., Route Mobile Ltd., and Polyplex Corporation Ltd. His success in intraday trading is attributed to his meticulous research and disciplined trading strategies.
8. Ashish Dhawan
Co-founder of Chrysalis Capital, Ashish Dhawan is a prominent private equity investor who has also made significant strides in intraday trading. He has a keen eye for identifying high-potential companies and has invested in sectors such as pharmaceuticals and education. Dhawan's notable investments include stakes in Glenmark Pharmaceuticals and IDFC. His analytical approach and strategic decision-making have contributed to his success in the trading world.
9. Ramesh Damani
A veteran in the Indian stock market, Ramesh Damani is known for his long-term investment perspective and his ability to identify value stocks. He has been an active participant in the market since the 1990s and has built a reputation for his insightful market analyses. Damani's investments include companies like Goldiam International and Godrej Industries. His disciplined approach to intraday trading serves as a model for aspiring traders.
10. Nemish Shah
Co-founder of ENAM Holdings, Nemish Shah is a respected figure in the Indian investment community. He is known for his value investing approach and his focus on long-term wealth creation. Shah's investment portfolio includes companies like Asahi India Glass Ltd. and Elgi Equipments. His patient and research-driven approach to intraday trading has yielded substantial returns over the years.
Conclusion
The success stories of these top 10 intraday traders in India underscore the importance of research, discipline, and strategic planning in trading. Aspiring traders can draw valuable lessons from their approaches, such as the significance of thorough market analysis, the ability to identify undervalued stocks.
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