Importance and effect of SGX Nifty on Indian stock market

1. Importance and effect of SGX Nifty on Indian stock market

2. In stock market many trader make loss due to no proper knowledge. Generally Indian trader think that opening trading account and knowing buy sell is enough to make money in stock market. But they forget that market is reflection of country economy and is very complex. Retail investor can’t get news in first hand but they should know the effect of news over night. So this Singapore nifty is considered as an indicator for positive or negative news. Here we will learn how technical trader and option trader can get idea about pre-opening trend before market open. SGX Nifty is also known as Singapore Nifty. Indian stock market index Nifty future contract is listed officially in Singapore exchange. Indian market opens for 6 and half an hour where SGX Nifty Live chart opens for 16 hour up to 10.30 pm. It opens before our Indian stock market open (find opening time and closing time). It allows foreign trader to take position in Indian market, so it is very popular among foreign trader.

3. Let’s take an example how SGX Nifty impacts Indian stock market? Indian market closes @3.30 pm but SGX nifty remain active. So impact of any Global financial news reflects on SGX nifty Future live chart as foreign investor will take position according to news sentiment and SGX nifty will change trend accordingly. So Indian technical trader use it know the trend much before market open @8.30 AM. Indian technical trader use free Nifty and Bank nifty daily technical trend posted here daily with SGX Nifty Live chart to check effective use of SGX Nifty in technical analysis. Let’s take examples to understand better. Example 1 Trader should use live chart to know and back test the trend as the effect of news can be understood clearly. Watch SGX Nifty Live chart and find the point difference between index @3.30 PM and next day 8.30 AM. If SGX Nifty live chart is indicating 70 point more than previous closing of Indian market Nifty future, then our market will open gap up 70 points in opening market. Here you can know that there must be any news which you were not aware. So this alerts technical traders and they use Gap Up technical strategy to make money where as non technical traders loses money there.

4. Example 2 Let’s say you don’t have updated news and Nifty opened negative 70 point gap down. So using SGX Nifty Future chart before market open you can apply gap down strategy. Nifty, Bank nifty option and Future technical trader can get daily free Nifty and Bank nifty intraday technical trend before market open with support and resistance and free check the accuracy for one month to know how SGX Nifty impacts index trading. Knowing trend before market open helps positional trade to hedge their position and avoid loss or convert it to profit by applying strategy. Example 3 Let’s say you are a technical trader and do technical analysis to know trend. Doing technical analysis in the evening let’s say you found positive trend for tomorrow. But SGX Nifty is indicating 80 points down but you don’t know then you would be trapped there. You can’t make profit as you are ignoring impact of news or sentiment. Remember news or sentiment has more impact on market for less time. Knowing trend before market open makes a successful trader. So you can check live use of SGX Nifty in Nifty and Bank nifty intraday trend posted daily here to learn technical analysis.