Introduction to the Kings of Intraday Trading
💹 Introduction: The Fastest Game in the Stock Market
The stock market is a place where fortunes are built — but also where they can vanish in seconds. Among all the trading styles, intraday trading is the boldest and fastest. In this high-stakes world, trades are opened and closed within the same day. No overnight tension, no waiting for quarterly results — just sharp strategies, minute-by-minute decisions, and nerves of steel.
But in a country of over a billion people, with lakhs of daily active traders, who really is the king of intraday trading in India? Let’s dive deep into the world of intraday champions — and uncover the story of a man who, despite not being an intraday trader in the classic sense, inspired a generation of traders: Rakesh Jhunjhunwala.
📊 What Is Intraday Trading?
Before we go any further, let’s simplify it:
Intraday trading means buying and selling a stock on the same day, before the market closes.
Intraday traders aim to capture small price movements in a short time. Their tools?
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Support/resistance levels
They don't invest for the long term — they trade for the moment.
👑 Top Intraday Traders in India
India has seen some incredibly skilled intraday traders who’ve not just made money but earned legend status in the trading community. Here are some of them:
🔥 1. Ashwani Gujral (Late)
One of India’s most respected technical analysts and traders, Ashwani Gujral was a frequent face on financial news channels.
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Known for: Momentum trading, bold positions, and detailed charts
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His intraday trades were watched closely by thousands every morning.
📈 2. Vijay Kedia
Although more of a long-term investor now, Kedia started his career with short-term trades and deep research.
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Known for: Finding multibaggers before anyone else
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His strategies inspired many hybrid traders — those who mix intraday + positional.
⚡ 3. Subhadip Nandy
A lesser-known name in media but a giant among serious traders.
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He specializes in option buying/selling and day trading Nifty/BankNifty.
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Known for: Risk management, discipline, and live trading sessions.
🧠 4. Gautam Shah (CMT)
A technical analyst who understands market psychology very deeply.
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Known for: Daily market calls with high accuracy
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He uses Fibonacci, price action, and Elliott Wave principles.
🚀 5. Radhe Mohan Agrawal (Retail Legend)
A name that often comes up in trading communities. Not a media face but:
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Turned ₹50,000 into ₹50 lakhs in a few years
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Focuses entirely on intraday setups on breakout stocks
🧭 But Wait… Where is Rakesh Jhunjhunwala?
You must be wondering — why isn’t Rakesh Jhunjhunwala in the intraday list above?
Because he wasn’t an intraday trader.
But his story is so powerful, so legendary, that it inspired a generation of traders — including intraday specialists. His life showed how conviction + patience + deep research could turn a middle-class investor into India’s Warren Buffett.
And while he didn't do "same day buy-sell" trades, he did make quick calls when needed, and more importantly, he showed India how to truly understand and ride the market.
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Rakesh Jhunjhunwala: The Man Who Moved Markets
🌟 The Legend Begins — Who Was Rakesh Jhunjhunwala?
Born in 1960 in Mumbai, Rakesh Jhunjhunwala wasn’t born into wealth. He came from a middle-class family, where his father worked as an income tax officer. As a child, Rakesh heard his father talking about the stock market — and something clicked. At just 25 years old, with ₹5,000 in hand, he stepped into the markets in 1985.
Within a few years, his bold bets and sharp analysis began to pay off. By the time India was liberalizing its economy in the early 1990s, Rakesh was already becoming a force on Dalal Street.
💥 Not an Intraday Trader — But a Market Giant
Let’s be clear — Jhunjhunwala was not an intraday trader.
He was a long-term visionary, known for holding stocks for decades.
But here’s where it connects: his ability to time the market, his fearless conviction, and deep understanding of business fundamentals inspired millions of intraday and positional traders alike.
He didn’t ride waves — he created them.
📌 Jhunjhunwala’s Portfolio: The Stocks That Made Him a Billionaire
Here are some of the legendary picks that earned him the title of “India’s Warren Buffett”:
✅ 1. Titan Company Ltd.
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Bought in early 2000s when it was trading below ₹3–4
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Held more than 3.5 crore shares at one point
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Titan became his signature stock — earning him hundreds of crores
💡 Moral for traders: Spot the trend early. Trust your research.
✅ 2. Crisil
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Invested before Crisil became a dominant credit rating agency
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Multibagger return — and a classic example of investing in growth + monopoly
✅ 3. Lupin
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A pharma giant that grew rapidly
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Jhunjhunwala timed his entry early — and held through market cycles
✅ 4. Escorts, NCC, Fortis, Aptech
He made strategic investments in:
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Infra (NCC)
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Healthcare (Fortis)
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Education (Aptech)
Each one backed by strong research and long-term demand themes.
🔥 His Trading Mindset — What Intraday Traders Can Learn
Even though he wasn’t a scalper or day trader, Rakesh’s mental approach to markets is gold for everyone:
🧠 1. Conviction Over Chaos
“Be greedy when others are fearful” — this was not just a line for him.
He believed in his picks — even when the market doubted him.
⚖️ 2. Risk Management
He never risked it all on one stock.
Even though his bets were bold, he knew how to cut losses and move on.
📚 3. Study Business, Not Just Charts
Intraday traders often ignore fundamentals. But Rakesh believed:
“If you don’t understand the business, you shouldn’t touch the stock.”
Even if you’re trading short term — understanding the business can protect you from traps.
💬 4. Market Is Emotion, Not Logic
He knew how to read market sentiment. Something even indicators can’t tell you.
🔚 Final Thoughts: Who Is the Biggest Intraday Trader in India?
If you ask purely from an intraday perspective — names like Ashwani Gujral, Subhadip Nandy, and Gautam Shah deserve the crown. They live and breathe the intraday world.
But if you're asking, "Who influenced intraday traders the most in India?",
then the answer is clear:
Rakesh Jhunjhunwala didn’t just trade the market… he moved it.
His legacy teaches us:
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Be bold, but not blind.
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Learn daily.
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Trade smart.
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And most importantly — think long term, even when trading short.
🟢 Key Takeaways for Beginners
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Start small, like Rakesh did — ₹5,000 can become something big if you play it right.
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Don’t chase stocks blindly. Learn what you're buying.
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Intraday is about speed — but wisdom is your ultimate edge.
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Study successful traders, but develop your own system.
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