Can intraday arbitrage using Kite Connect be profitable ? Doesn’t have to be a big profit. Let’s say 1k+ every day.
pls elaborate with example what do you mean by intraday arbitrage…
Example: I buy ITC for 275 on NSE and sell ITC on BSE for 275.5 . I square off both positions at 277. That leaves me with INR 0.5 profit. Now for a stock worth below 300 that is enough to cover brokerage and taxes on both exchanges. For a lot of 500 bought on NSE and 500 sold on BSE, 0.5 translates to a paltry 100+ profit after deducting all charges on both exchanges. But if I do this even 10 times a day across multiple stocks of similar price I get 1000+ profit. I want to generate around 2k everyday. Of course I will first have collect and study the data first. I mentioned ITC here because I basically opened the ITC market depth for both exchanges and observed the bid and ask differences across the two exchange.
What do you think about it ?
try it…u will come to know few difficulties, algorithm trades are way too fast to tap any arbitrage in system,
all the best.