Have you ever worried about the direction of Nifty for the next day? Have you ever thought, if I would know the direction before the actual market opens up, I could have placed myself in a better profitable position ? You can do it with the help of SGX Nifty. Let’s have a detailed discussion on SGX Nifty.
What is it SGX Nifty ?
SGX Nifty is the Nifty futures traded at Singapore stock exchange.
Since Singapore time is 2 hour and 30 minutes ahead of Indian time, SGX Nifty starts trading before Indian markets open up. It is like an exit poll results which come before the actual results during elections.
If you have installed any trading related application like ET Markets or Money Control, you receive today’s market trends by around 8 am. Have you ever thought ,how they get this details in advance? Don’t be surprised, they are having automated system to track SGX Nifty and trigger alerts accordingly.
Where do you track SGX Nifty ?
There are a number of sites offering live SGX Nifty updates and charts. I personally like the most trustworthy site Moneycontrol.com. Open the moneycontrol.com website and click on Market followed by Pre-Market. You will get the live feed of SGX Nifty along with Nasdaq. Find the below screen shot showing the exact location of menus.
Make it is a habit of checking the above site every morning 6:30 to 7:00 IST. you can track the progress till 8:45 am, just before the Indian markets open up. You will get a fair idea of the day’s nifty opening trend. If you are an option trader, you can place AMO (after market orders) to benefit from the opening hour volatility. You can read our articles on profitable option strategies like Iron condor and Short strangle for more information.
If you are too lazy to check the progress of SGX every morning, you can install anyone of the applications like ET Markets or Money Control on your mobile phone. You will receive automatic alerts by 8:30 am on your mobile screen.
It is very critical to be up to date on today’s market conditions. Hope this article helped you to improve your market awareness.. Happy reading..