Master the Art of Reading Price Action Like a Professional Trader

The Complete 414-Page Blueprint to Understanding Market Structure, Support & Resistance,and Proven Trading Strategies – From Absolute Basics to Live Trading Examples
51 Live Trading Examples with Real Market Analysis
8 Battle-Tested Trading Strategies You Can Apply Tomorrow
From Zero to Pro: Complete 7-Module Learning Path
Risk Management Secrets Used by Professional Traders
90%
Expert Investors Featured
21
Expert Investors Featured
460+
Pages of Actionable Insights
Groww
Official Collaboration Partner

Are You Among the 91% of Indian Investors Who Lose Money in the Market?

90%
of retail derivatives traders in India lose money. Between FY22 and FY25, retail investors collectively lost close to Rs 3 lakh crore in derivatives alone. (Source: SEBI)
With over 21 crore demat accounts now active in India, more Indians are investing in the stock market than ever before. Yet most are investing without a proven framework, chasing tips instead of building knowledge.

No Framework

Buying stocks based on tips from social media and WhatsApp forwards with zero research process

Wrong Behaviour

Panic-selling at every market correction and missing the long-term compounding journey

Chasing Trends

Running after penny stocks and the next multibagger without understanding the underlying business

No Risk Management

Investing without stop-losses or position-sizing - one bad bet can erase years of gains
The difference between investors who build generational wealth and those who lose money is not luck. It is knowledge, framework and discipline.

One Book. 21 Strategies. Every Market Condition.

The Alpha Bets is a direct, ringside conversation with 21 of India's most respected investors and fund managers - each sharing the exact mental models, frameworks and strategies they use to generate alpha in the Indian market.
21 Unique Perspectives
Each chapter is a deep conversation with one expert - giving you 21 distinct investment philosophies in one read. From Raamdeo Agrawal to Deepak Shenoy.
Every Style of Investing
Value, growth, momentum, passive, micro-cap, mid-cap, quant and IPO investing - every proven approach to wealth creation in India is covered with real frameworks.
Built for the Indian Market
All insights are grounded in Indian market realities, Indian companies and Indian investor behaviour - not Western theory transplanted from Wall Street.

21 Minds. Thousands of Crores
Managed. One Book.

Every expert in this book has spent decades in the trenches of Indian capital markets. Together, they manage assets worth lakhs of crores and have navigated every market cycle India has seen.

No Framework

Co-Founder, Motilal Oswal

Samir Arora

Founder, Helios Capital

Nilesh Shah

MD, Kotak AMC

Niteen Dharmawat

Co-Founder, Aurum Capital

Radhika Gupta

MD and CEO, Edelweiss AMC

Sandeep Tandon

Founder, Quant Group

Saurabh Mukherjea

Founder, Marcellus

Prashant Khemka

Founder, White Oak Capital

Pankaj Tibrewal

Founder CIO, IKIGAI

Gautam Baid

Stellar Wealth Partners

Aashish P

ED and CEO, White Oak

Taher Badshah

CIO, Invesco MF

Ritesh Jain

Co-Founder, Pinetree Macro

Kirtan Shah

CEO, FPA Edutech

Atul Raval

Micro-cap Expert

Ian Cassel

Investor and Author

Deepak Shenoy

Founder, Capitalmind

Alok Jain

Founder, Weekend Investing

Sonam Srivastava

Founder, Wright Research

Samit Vartak

Founder, SageOne

Ishmohit Arora

Co-Founder, School of IC

The Numbers That Tell You Why
This Book Matters Right Now

21 Cr+
21 Unique Perspectives
India's demat accounts crossed 21 crore by end of 2025 - the investing revolution is already here and growing fast.
Rs 80 L Cr
Mutual Fund AUM in 2025
Wealth is being created at an unprecedented scale. India's mutual fund AUM has grown 6x in just five years.
21 Cr+
Active Demat Accounts
India's demat accounts crossed 21 crore by end of 2025 - the investing revolution is already here and growing fast.
91%
Retail Traders Who Lose Money
SEBI data confirms that lack of framework - not lack of capital - is the primary reason most retail investors fail.
15%+
Sensex Long-Term CAGR
Indian equities have delivered 15%+ CAGR over two decades - among the best-performing major markets in the world.
4x
Growth in Demat Accounts
India's demat accounts grew 4x in just five years - from 4 crore in 2020 to over 21 crore in 2025. The window is wide open.
"The India growth story is real. The question is whether you are positioned to benefit from it - or watching from the sidelines."

Why 9 Out of 10 Indian Investors
Fail to Create Lasting Wealth

01
No Investing Framework
Most investors buy stocks based on tips and headlines. Without a structured framework to evaluate business quality, management and valuations, every investment decision is little more than a guess.
The Alpha Bets Fix
Chapters 01 to 10 build your complete investing framework from scratch - from spotting bargains to mastering risk management.
02
Wrong Time Horizon
Short-term thinking destroys wealth. India's biggest compounders - HDFC Bank, Asian Paints, Bajaj Finance - rewarded only those who stayed invested through multiple market cycles with patience and conviction.
The Alpha Bets Fix
Chapter 04 on patience in cyclical stocks and Chapter 20 on small and mid-cap investing break down the power of staying invested.
03
Fear and FOMO Drive Decisions
Selling in panic at market bottoms and buying in excitement at market peaks is the most common and costly behavioural trap. Chapter 02 by Samir Arora specifically addresses this market cycle trap in detail.
The Alpha Bets Fix
Chapter 02 on the market cycle trap and Chapter 14 on bear market wisdom give you the tools to stay rational when markets go irrational.
73%
No Risk Management Strategy
Generating high returns without managing risk is a temporary strategy. One wrong concentrated bet without position-sizing or exit discipline can wipe out years of hard-earned gains in a matter of weeks.
The Alpha Bets Fix
Chapter 08 from Prashant Khemka of White Oak Capital covers mastering risk management - from the power of equity to the Opco-Finco framework.

Before The Alpha Bets
vs After The Alpha Bets

Before

Buying stocks from YouTube recommendations and WhatsApp forwards with no due diligence
Panicking when the index corrects 10% and selling at a loss out of fear
No idea how to read a balance sheet or spot financial red flags in a company
Treating all mutual funds as the same with no framework to compare strategies
Chasing penny stocks and micro-cap tips with zero research process
Making the same emotional mistakes in every single market cycle

After

Using QGLP and 20 other proven frameworks to screen quality businesses before buying
Understanding market cycles and staying calm - even buying more - during corrections
Reading balance sheets to spot deception and identify companies with real intrinsic value
Building a structured, balanced portfolio with the right mix across market caps
Evaluating micro-caps and mid-caps with a professional analyst's lens
Investing with discipline, patience and a clear, rule-based exit strategy

COMPLETE CURRICULUM

CHAPTER 01 - Spotting Bargain - Raamdeo Agrawal, Co-Founder and Chairman, Motilal Oswal Financial Services
1.1 Mastering Markets
1.2 Margin of Safety
1.3 The Jhunjhunwala Playbook
1.4 Stock Market vs Economy
1.5 Index at 2,00,000 Level?
CHAPTER 02 - The Market Cycle Trap - Samir Arora, Founder and Group CIO, Helios Capital
2.1 Tech Turmoil
2.2 Reasonable-Confidence, High-Return
2.3 The Fund Business
2.4 Changing Funds Landscape
2.5 Exit at Fear, Re-Enter at FOMO
CHAPTER 03 - Patience at the Market Crease - Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company
3.1 Balanced Portfolio
3.2 The Golden Trio of Investing
3.3 Sectors and Strategies
3.4 Riding the India Bull
CHAPTER 04 - Patience in Cyclical Stocks - Niteen Dharmawat, Co-Founder, Aurum Capital
4.1 Great Business, Fair Price
4.2 Diversification Matters
4.3 Types of Mistakes
4.4 Buy the Fear
4.5 Constant Evaluation
4.6 Cyclical Investing
4.7 Patience in Cyclical Stocks
CHAPTER 05 - The Mutual Fund Advantage - Radhika Gupta, MD and CEO, Edelweiss Asset Management Company
5.1 Equities for Beginners
5.2 Style of Investing
5.3 Arbitrage Funds for Emergency
5.4 Decade of Manufacturing
5.5 The Business of Lending
CHAPTER 06 - Data Over Narrative - Sandeep Tandon, Founder and CIO, Quant Group
6.1 Handling Market Volatility
6.2 The VLRT Framework
6.3 Data Over Narrative
6.4 Red Flags in a Mutual Fund Scheme
CHAPTER 07 - Reaping the Rewards of Structural Reforms - Saurabh Mukherjea, Founder and CIO, Marcellus Investment Managers
7.1 The India Opportunity
7.2 Valuation Puzzle
7.3 Diversification - A Myth
7.4 The Market Leaders
7.5 The 'Sell' Strategy
7.6 The Red Flags
CHAPTER 08 - Mastering Risk Management - Prashant Khemka, Founder and MD, White Oak Capital Management
8.1 The Power of Equity
8.2 Risk Management 101
8.3 Generating Alpha
8.4 The Opco-Finco Framework
8.5 Identifying Mega-trends
CHAPTER 09 - The Balance Sheet Deception - Pankaj Tibrewal, Founder CIO, IKIGAI Asset Manager
9.1 The Market's Charioteer
9.2 Don't Just Chase The Topline
9.3 The PEG Ratio
9.4 China and EVs
CHAPTER 10 - Stress-Adjusted Returns - Gautam Baid, Managing Partner, Stellar Wealth Partners India Fund
10.1 Perception in the Market
10.2 Principles of Value Investing
10.3 Liquidity-Driven Investing
10.4 Bull Market Blunders
10.5 Learnings from the Bear Market
10.6 Success of Bajaj Finance
CHAPTER 11 - Long-Term Outperformance - Aashish P, Executive Director and CEO, White Oak Capital
11.1 External Correlation
11.2 FIIs are Here to Stay
11.3 The Active vs Passive Debate
11.4 Banking, Consumer Discretionary and Infrastructure
CHAPTER 12 - New-Age Business Template - Taher Badshah, CIO, Invesco Mutual Fund
12.1 The Path to Profit
12.2 Growth Compounders
12.3 Erosion of Market Leadership
12.4 Duopolies and Monopolies
12.5 Investor Thought Process
CHAPTER 13 - Passive Investing - Ritesh Jain, Co-Founder, Pinetree Macro
13.1 The Mechanics of Passive Funds
13.2 Debt Troubles
13.3 Inflating the Debt: How it Works?
13.4 Tracking Liquidity
13.5 What Can the Common Investor Do?
CHAPTER 14 - Bear Market Wisdom - Kirtan Shah, CEO, FPA Edutech
14.1 Characteristics of a Good Mutual Fund
14.2 F and O Craze
14.3 Real Estate Theme
CHAPTER 15 - Decoding the ABCD of Micro-cap Investing - Atul Raval, Micro-cap Expert
15.1 Analysing Micro-Caps
15.2 Decoding ABCD Investing
15.3 Micro-Cap Niches
15.4 Information Gap
15.5 Micro-Cap Management
15.6 Pros and Cons of Networking
15.7 Investment Gurus
15.8 A Lesson from a Carpenter
CHAPTER 16 - Global View on Micro-Cap Investing - Ian Cassel, American Investor and Author
16.1 Risk and Success Ratio
16.2 Understanding Management
16.3 Investor Behaviour
16.4 Beyond Luck
CHAPTER 17 - Rule-Based Momentum Investing - Alok Jain, Founder, Weekend Investing
17.1 Explaining Momentum Investing
17.2 Market as a Regret Machine
17.3 Why Gold Matters
17.4 Gold as the Ultimate Crisis Asset
17.5 Gold as a Hedge Against Currency Depreciation
17.6 A Simple Rule for Gold Allocation
CHAPTER 18 - IPO Checklist - Deepak Shenoy, Founder and CEO, Capitalmind
18.1 Trust, but Verify
18.2 Game of Luck
18.3 IPO Investing
18.4 Momentum Play
CHAPTER 19 - Quant Strategies in Equities - Sonam Srivastava, Founder and CEO, Wright Research
19.1 What Strategy Works in a Bear Market is a Big Question
19.2 Spotting A Trend
19.3 Vagaries Of The Market
CHAPTER 20 - Mid and Small Cap Investing - Samit Vartak, Founder and CIO, SageOne Investment Managers
20.1 Timing the Small Cap Cycle
20.2 Importance of Earnings Growth
20.3 Safety Factors in Small-cap and Mid-cap Investing
20.4 Rupee Cost Average
20.5 Cyclical Stocks in a Bear Market
20.6 Stock Screening and Filtering Process

The Alpha Bets is Written
for
Investors at Every Stage

Whether you are just starting your investing journey or have been in markets for decades, this book gives you something you have never had - direct access to how 21 top professionals actually think.
Retail Investor
You invest in stocks or mutual funds but lack a structured framework. This book gives you 21 proven mental models to evaluate businesses and build a portfolio that grows across all market conditions.
Financial Advisor / Wealth Manager
You advise clients on investments. This book sharpens your thinking on valuation, risk management and portfolio construction with insights from India's top fund managers - so your advice is sharper and better backed.
MBA / Finance Student
You are building a career in finance. This book bridges the gap between academic theory and Indian capital market reality - giving you a practitioner's perspective before your first day on the job.
HNI and Ultra HNI Investor
You have significant capital deployed in equity markets and want to understand the institutional frameworks used by fund managers who run multi-thousand crore portfolios. This book gives you direct access to their thinking.
Mutual Fund Distributor / IFA
You help investors choose mutual funds. This book deepens your understanding of fund strategies, manager philosophies and sector cycles - so you can match the right fund to the right investor with far greater confidence.
Corporate Finance Professional / CA
You work with financial numbers every day but want to understand how equity markets actually value businesses. This book connects the dots between financial statements, valuation frameworks and long-term business quality.

Real Readers.

Real Transformation.

From retail investors to fund managers - see what readers across India are saying about The Alpha Bets.
"Finally, a comprehensive guide that covers everything"
‍
"As a complete beginner, I was overwhelmed by all the trading content out there.This book gave me a clear, structured path from day one. Started with Module 1,worked my way through, and now I'm paper trading the strategies with real confidence.The support and resistance chapters (Module 2) alone are worth 10x the price."
Payal Joshi
Day Trader, Guwahati, India
"The live examples made all the difference"
‍
"I've read dozens of trading books, but this is the ONLY one with 51 real tradingexamples. Seeing the author walk through actual market days, showing support/resistance,market structure, strategy selection, and execution - that's what took my trading tothe next level. Theory is one thing, but application is everything."
Murli Shankar
Crypto Trader, Hyderabad, India
"Finally, a comprehensive guide that covers everything"
‍
"As a complete beginner, I was overwhelmed by all the trading content out there.This book gave me a clear, structured path from day one. Started with Module 1,worked my way through, and now I'm paper trading the strategies with real confidence.The support and resistance chapters (Module 2) alone are worth 10x the price."
Sagah Singh
Swing Trader, Bangalore
"Went from losing to consistently profitable"
‍
"I was bleeding money for 8 months straight before finding this book. The problemwasn't my strategy - it was my timing and understanding of market structure. Module3 taught me to read trends and reversals like never before. Combined with the riskmanagement in Module 6, I'm now up 34% in the last 4 months. Best $47 I ever spent."
Tushar Kulkarni
Forex Trader, Pune, India
"Finally understand what institutional traders see"
‍
"Worked in finance for 15 years but never traded personally until now. This bookgave me the framework to see markets like the professionals do. Price action is whatthe big players watch - not RSI or MACD. Understanding market structure andsupport/resistance zones changed everything for me."
Bala Subrahmanyam
Financial Analyst turned Trader..
"Perfect for part-time traders like me"
‍
"I have a full-time job and can only trade in the evenings. The strategies in thisbook work perfectly for swing trading. I particularly love the Breakout ConfirmationStrategy and Simple Pullback Strategy. Clear rules, easy to spot on charts, and theywork! Already seeing consistent results after just 6 weeks."
Priya Sharma
Part-Time Trader, Mumbai, India
"How I Went From $2,000 Loss to $8,500 Profit in 3 Months"
- Alex Thompson, Full-Time Trader
"The Support & Resistance Module Saved My Trading Career"
- Lisa Wang, Stock Trader
"51 Live Examples = Real Trading Education"
- Marcus Johnson, Forex Trader
The Mind Behind

The Alpha Bets
Thomas P. Abraham
Financial Journalist and Author
Thomas P. Abraham is one of India's foremost financial journalists and authors, with decades of experience covering capital markets, fund management and the Indian economy. He has spent his career at the intersection of institutional investing and mass financial education - translating the complex world of equity markets into language that every investor can understand and act on.

For The Alpha Bets, Thomas conducted in-depth, unfiltered conversations with 21 of India's most celebrated investors and fund managers. The result is a rare collection of unguarded wisdom from people who have navigated every bull run, every crash and every structural shift in Indian capital markets over the past three decades.
Decades of experience covering Indian capital markets, fund management and the macro economy
Deep, trusted relationships with India's top institutional investors and fund management houses
Known for translating complex investment frameworks into clear, actionable insights for retail investors
Author of multiple acclaimed books on finance and investing in India, published in collaboration with leading financial platforms

Everything You Need to Know

1
Q1. Who is this book written for?

A1. The Alpha Bets is written for anyone who invests or wants to invest in Indian equity markets - from first-time retail investors to seasoned portfolio managers. If you want to understand how India's best investors think and pick stocks, this book is for you.

2
Q2. I am a beginner in investing. Will I be able to follow this book?

A2. Yes. While some chapters go deep into advanced concepts, many experts in the book specifically address beginners. Radhika Gupta's chapter on the mutual fund advantage and Nilesh Shah's chapter on patience at the market crease are excellent starting points for newer investors.

3
Q3. Is this book relevant even in a bear market or market correction?

A3. Absolutely. In fact, this book is especially valuable during corrections. Chapter 14 is entirely dedicated to bear market wisdom and multiple chapters specifically address how to behave - and what opportunities to look for - when markets fall.

4
Q4. What is the difference between the soft copy and the hard copy?

A4. The soft copy is a digital version that you can access instantly on any device - phone, tablet or desktop. The hard copy is a premium physical book delivered to your address. Many readers prefer the hard copy for annotation, referencing and long-form study.

4
Q5. How is this book different from other investing books available in the market?

A5. Most investing books present one philosophy from one investor. The Alpha Bets gives you 21 distinct frameworks from 21 different experts - all grounded in Indian market realities. No other book in India covers this breadth of investing wisdom in one place.

4
Q6. Does the book cover mutual fund investing as well?

A6. Yes. Three dedicated chapters cover mutual funds - Radhika Gupta on the mutual fund advantage, Kirtan Shah on bear market wisdom and mutual fund characteristics and Ritesh Jain on passive investing and passive funds. The book covers both direct equity and fund-based investing.

4
Q7. Can I gift this book to someone?

A7. Yes. The hard copy makes an excellent gift for anyone interested in wealth creation, investing or personal finance. It is available with COD and free delivery above INR 499.

4
Q4. What is the difference between the soft copy and the hard copy?

A4. The soft copy is a digital version that you can access instantly on any device - phone, tablet or desktop. The hard copy is a premium physical book delivered to your address. Many readers prefer the hard copy for annotation, referencing and long-form study.

4
Q4. What is the difference between the soft copy and the hard copy?

A4. The soft copy is a digital version that you can access instantly on any device - phone, tablet or desktop. The hard copy is a premium physical book delivered to your address. Many readers prefer the hard copy for annotation, referencing and long-form study.