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Options trader use SGX Nifty live chart to know the opening trend of Nifty. This is useful in jobber strategy, gap up and Gap down strategy to make profit. If you are trading in Option or future, then here get free Nifty and Bank nifty free trend before market open every day at 8.45 am. The unique support and resistance will help you to get more profit points.
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Before going to impact of Singapore Nifty first we should know what is Singapore Nifty? Why traders generally prefer to follow it? Why it is more popular among Options and Future traders. Why index derivative trader loves to follow it in technical analysis? We will know about these important points with examples in below content. So read till end. Singapore Nifty is popularly known as SGX Nifty. Indian NSE index Nifty future is listed in Singapore stock exchange. Indian market opens for closes at 3.30 pm which trades for six and half hours but Singapore Nifty runs till 10.30 pm which trades for 16 hours. So derivative of Nifty future listed in Singapore exchange also traded till 10.30 pm. Due to Globalisation impact of World market news changes the trend of Nifty which is reflected in SGX Nifty live chart. So this is used to derive opening trend of Indian stock market by technical traders.
Generally technical trader those who trade after doing technical analysis means Future and options trader use Singapore Nifty Chart which plays important role in finding trend of market much before market open. SGX Nifty Live Chart is free chart and only live chart gives exact information and helps in doing analysis of news impact. Also you can find Nifty and Bank nifty trend posted daily for Option and Future trading and check accuracy for one month. SGX Nifty opens before Indian stock market at 6.30 am and gives idea about pre opening of Indian share market. You can understand after taking an example. Let’s take an example. Imagine how you can know Nifty will open positive or negative before market opens in any trading day? How you can know Index will open gap up or gap down? In technical analysis trader should know pre-opening condition to apply strategy accordingly. Without knowing this loss can’t be avoided. Singapore nifty index opens before Indian market @ 6.30 am. Let’s SGX Nifty Live Chart is indicating 50 point positive opening in live chart. This means there might be some positive economical news from India or from Global. So here without knowing news you can decode sentiment of Indian market. Here you can use “Gap up strategy” in technical analysis to make profit. Imagine you don’t know what live Singapore chart is indicating means you can’t sense sentiment of market and can’t decide strategy, thus lose money.
Example 2- Another case. You know news which has positive impact on market but SGX Nifty live Chart is indicating negative opening. So there is another news which you don’t have idea and has more influence on market than that positive news you know. So here you can alert yourself and apply strategy accordingly. So impact of any financial news on market can be derived from Singapore live chart easily. Nifty, Bank nifty Future and Options trader closely follow SGX Nifty to know Nifty trend much before market opens. Example 3 Let’s say Indian stock market is closed today but Singapore exchange is open. In this case Singapore index is closed with 100 points gain then our market will open gap up 100 points. So it will be easy for traders to apply technical strategy accordingly. So trader should track live chart before Indian market open at 8.30 am and at night 10.30 pm.
