What is SGX Nifty Live chart and its impact?
Free Check accuracy for one month of our Nifty and Bank nifty technical Trend posted in below links daily before market open @8.45AM and check importance of SGX Nifty in Nifty Future and Options trading.
SGX Nifty, also known as Singapore Nifty is derivative of NIFTY index traded officially in Singapore stock exchange. Nifty future trades for six and half hours on national stock exchange but NIFTY Future on SGX is traded for sixteen hours from 6.30 am to 11.30 pm as per Indian time. Due to long hour trade it is affected by world economic news and political events and takes direction accordingly. SGX nifty opens before NSE, so the sentiment or trend of Indian market can be derived from SGX Nifty future even if you are not aware of any news. Here user can use our SGX Nifty live chart to back test the impact of unknown news and know the opening trend of Indian market before market open. Example-if SGX Nifty is 50 point positive then Indian market will open in 50 point gap up and vise versa.
Chart shows next month Nifty Future price in Expiry week.
Other Important Pages
Trick for Future trader
As Nifty is also traded in Singapore stock exchange and open for 11 hours it is influenced by World financial events and change trend accordingly. So day trader in future trading uses this sentiment to trade in early market. When market opens they instantly buy or short sell Index according to positive or negative opening trend and square off position in a short period. This short process lasts for only 2-4 minutes. They are called Jobbers.
Trick for Option trader
First know the technical trend of Nifty in “Nifty trend today” page. Also find support and resistance of Nifty there. If nifty trend is positive and it may further move up then you can buy CALL option and incase of negative trend you can buy PUT option to earn. Read our “Nifty live” page for better option tricks. In similar way stock trader uses the trend to make strategies to remain in buy side or short sell side in early trade. In case of positive trend day trader buy and then sell in small time interval in selected stocks. They buy high volume and exit with low margin to avoid risk. Similarly in negative trend they short sell in selected stock and buy them instantly with high volume and low margin to make profit.
In below image you can find the different country’s stock market opening time. For Indian stock market point of view day trader should track Asian market and SGX nifty live chart before market opens and track Europe market at 12.30pm every trading day to know the impact of Europe market on Indian market. When Europe market like CAC, DAX, FTSE opens positive, they support Nifty and our market moves up. Similarly in case of negative Europe market, Nifty move down.
|Country||World Market Timing in Indian standard time(IST)|
9:15 to 3:30
10:00 to 23:30
|Japan||05:30 to 7:30
09:00 to 11:30
|Taiwan||06:30 to 11:00|
|Singapore(SGX NIFTY)||06:30 to 15:45
16:45 to 22:30
|China(Shanghai)||07:00 to 09:00
10:30 to 12:30
|Hong Kong||07:00 to 09:30
11:00 to 13:30
|USA||19:00 to 01:30
(15th Mar to 7th Nov)
20:00 to 02:30
(08th Nov to 14th Mar)
|European Countries CAC,DAX,FTSE)||12:30 to 21:00
(28th Mar to 31st Oct)
13:30 to 22:00
(1st Nov to 27th Mar)