How To Use SGX Nifty?
SGX Nifty refers to Nifty 50 index futures traded on Singapore Exchange. Singapore Exchange opens before India Stock Exchange so it can be very helpful in predicting Indian markets behavior by analyzing data from SGX Nifty Live Chart.
How to find Market trends with SGX Nifty
First, note down the closing of Indian Indices on the previous day on the Indian Stock Exchange. Now check the SGX Nifty position at 8 a.m. if it is above the previous closing price of Nifty then it signals a positive or gap up opening of Indian Markets and if it is below the previous closing price then there will be a negative opening or gap down opening for Indian Markets.
You can draw support and resistance lines on the chart accordingly. This will give you an idea for placing trades.
Disclaimer: This article is for educational purposes only. Please consult your stock advisor before risking your money in the Stock market.