Impact of SGX Nifty future and its impacts on Indian market

1. Impact of SGX Nifty future and its impacts on Indian market

2. When a new trader starts trading in Indian stock market he hears a lot about Singapore Nifty from different YouTube channels, websites and blogs. But get confused why to use it and how to use this in Indian stock market. What is the relation between Singapore exchange and Indian stock exchange? How to use it in advance technical analysis of stocks to know the trend before market open and which strategy is perfect to apply? Let’s discuss with examples to understand better. Why it is called SGX Nifty? Singapore Nifty is famously known as SGX Nifty. Indian stock market index is Nifty and derivative of Nifty index Nifty future is listed on Singapore exchange. It is officially listed and traded in Singapore exchange. So it is called Singapore Nifty or popularly known as SGX Nifty. Foreign investor can take position in Nifty index through SGX Nifty so it is highly liquid. Indian market opens for 6 and half an hour but SGX Nifty Future opens for sixteen hour (watch opening and closing time).

3. Why to use SGX Nifty? In SGX Nifty Live Chart a trader can find that it is traded for 16 hours in a day. It opens before Indian market open and closes after Indian market. So it reflects the impact of any international positive or negative news and changes trend accordingly. Nifty Options and Future derivative trader closely watch it to know the trend much before market opens. It has a great role in doing advance technical analysis. Let’s take examples to know how to use it? How to use it? Trader should use SGX Nifty Future Live chart to analyze past data or back test chart to know what is the sentiment or trend of market? Indian market closes @3.30 PM. In live chart first find where Indian Nifty future closed and find the difference between previous closed market and today market before market open as SGX Nifty opens before Indian market open. Let’s the difference is 90 point then Nifty will open gap up 90 points and just use “Gap Up” strategy to gain profit. So using live chart trader can know trend much before market open. You can find free Nifty, Bank nifty intraday trend and check accuracy for one month to know how we are able to know trend much before and take online training sitting in your home. You can also know the use of SGX Nifty live chart in Advance Technical Analysis, Option and Future trading in Indian stock market.

4. What will happen if I don’t use it? Let’s take an example. After doing technical analysis in the evening for next day you have decided the technical trend is positive and market will move up. But in the morning before market open SGX Nifty Live Chart indicating 70 point gap down opening. It means there is negative news but you have not seen SGX Nifty chart or don’t have idea about news. So after opening of market you will get trapped and Option, Future trader will make huge loss. In case of positional trading and if using SGX Nifty level chart then before market you can decide to apply hedging strategy to protect money at any condition.