Algoshastra

Algoshastra (algoshastra.in) is an India-focused, AI-powered, no-code algorithmic trading platform built specifically for retail options traders on the NIFTY and SENSEX indices. Its core proposition is simple to state and unusual in the Indian retail trading market: a user describes a strategy in plain English, the platform's AI writes the corresponding Python code, and that code is then backtested against real Indian-market data with brokerage, slippage and taxes modeled by default. The user can inspect the full working behind every verdict — the specification that ran, the equity curve it produced, the market regimes it survived, and every individual trade — and can export the generated code to run on their own broker account, such as Dhan or Groww. The platform positions itself explicitly against the "tip-seller" and black-box end of the retail trading market. Its marketing contrasts "screenshots and a track record you can't check" with fully auditable fills, fees and trades, and it stresses that every result is explainable rather than reduced to an opaque score. The homepage advertises daily data going back to 2012 and one-minute data going back to 2023, covering index options, stock options, futures, equities and commodities (in beta). A worked example on the site shows an illustrative "iron-condor-v3" verdict on NIFTY over three years, complete with CAGR, maximum drawdown, Sharpe and profit-factor figures, alongside an explicit disclaimer that it is an illustrative verdict from one real backtest and not a performance promise. Algoshastra is careful about what it is not. According to its own About page, it is not a broker and never holds user money or executes trades; it is not an adviser and does not tell users what to trade; it is not a guaranteed-profit machine; and it is not (yet) an auto-trading service, with hosted live trading described as being on the roadmap. The company states that it is a strategy-verification platform and not a SEBI-registered adviser or broker, and that users remain responsible for all trades placed on their own accounts. The brand was founded by Gopal Sapara, who describes himself as a trader with five years of experience in the Indian markets. In his account, he lost over ₹10 lakh in his first four months of trading, tried the conventional advice of mentors — journaling, risk-reward discipline, paper trading, emotional control — and continued to lose before eventually building his own strategy and recovering his losses within a year. He built Algoshastra, in his words, for people like himself who "shouldn't have to lose ₹10 lakhs to learn what works." That founder story is central to the brand's identity and its emphasis on honest, cost-inclusive backtesting. Commercially, Algoshastra operates as a private, founder-led software product rather than a listed company or a brokerage. It offers a free starting tier and monetizes through access to its strategy-generation and verification tooling. Its addressable market is Indian retail derivatives traders, a large and active segment, and its differentiation rests on the combination of natural-language strategy authoring, real Indian-market data, transparent cost modeling, and code export to the user's own broker.

Algoshastra was created by Gopal Sapara, an Indian retail trader who, by his own account on the company's About page, spent five years trading the Indian markets. In his first four months of trading he lost over ₹10 lakh. He followed the standard advice of mentors — keeping a journal, following risk-reward discipline, paper-trading first, controlling emotions — changed mentors, tried different setups, and kept losing. He eventually built his own strategy and, within one year, made back every rupee he had lost. That experience led him to the idea of automating his approach. But, as he describes it, every platform he tried either required him to write Python himself or hid the strategy behind a black box. He built Algoshastra for people like himself, stating that "if this saves one person from my first four months, it was worth building." The brand's founding narrative is therefore inseparable from its product philosophy: honest, cost-inclusive, fully explainable backtesting as an antidote to unverifiable track records. The product is an AI-powered, no-code algo-trading platform for NIFTY and SENSEX index options. A user describes a strategy in plain English; the AI writes the Python; the platform backtests it on real Indian-market data with fees and slippage included; and the user can export the code to run on their own Dhan or Groww account. The company states that user money never touches its servers. Algoshastra's data coverage, as advertised on its homepage, includes daily data back to 2012 and one-minute data back to 2023, across index options, stock options, futures, equities and commodities (in beta). The platform presents a four-step pipeline from idea to proof, and shows a worked example — an illustrative "iron-condor-v3" verdict on NIFTY over three years — with metrics such as CAGR, maximum drawdown, Sharpe ratio, profit factor, win rate and quarterly returns, accompanied by an explicit disclaimer that it is not a performance promise. The company positions itself against tip-sellers and fantasy backtests, contrasting "screenshots and a 'track record' you can't check" with "every fill, fee and trade — fully auditable." It also draws clear boundaries around its role: it is not a broker, not an adviser, not a guaranteed-profit machine, and not an auto-trading service, with hosted live trading described as being on the roadmap. It states that it is a strategy-verification platform and not a SEBI-registered adviser or broker, and that users are responsible for all trades placed on their accounts. As of the available evidence, Algoshastra operates as a private, founder-led software product with a free starting tier, serving Indian retail derivatives traders. No founding year, funding, headquarters address, or corporate parent is disclosed in the supplied sources.

• Gopal Sapara begins trading the Indian markets; loses over ₹10 lakh in his first four months.

• After building his own strategy, Sapara recovers all his losses within one year.

• Algoshastra is built as a no-code AI strategy generator and backtesting platform for NIFTY and SENSEX options.

A transparent, no-code strategy-verification platform for Indian retail options traders — explicitly not a broker, adviser, or auto-trading service.

• AI strategy generator (plain English to Python)

  Users describe an options strategy in English; the AI writes the corresponding Python code.

• Backtesting engine

  Backtests strategies on real Indian-market data with brokerage, slippage and taxes modeled by default; daily data back to 2012 and 1-minute data back to 2023.

• Paper trading

  Paper-trades strategies before live deployment.

• Code export

  Export generated code to run on the user's own Dhan or Groww account.

1. 1Algoshastra — Verify Options Strategies on Real NIFTY & SENSEX Dataalgoshastra.in
2. 2About · algoshastra · Algoshastraalgoshastra.in
3. 3algoshastra.in — Wikidatawikidata.org