SGX Nifty live chart | Singapore Nifty futures real-time chart
The chart given below is the live tick by tick chart of SGX Nifty. This index gives morning cue for the opening of Nifty futures in India. It also decides the opening trend of Nifty futures in India.
SGX Nifty | Singapore Nifty Futures live Index
SGX Nifty is a derivative product listed in Singapore Stock Exchange. This index is traded in Futures contract segment in the Singapore stock market. This SGX Futures is based on Nifty Futures contract of India.
This index is composed of 50 large-cap companies of National stock Exchange of India. This Index is the weighted average of these 50 companies.
Significance of SGX Nifty
The major difference between Nifty futures and SGX Nifty futures is that the later can be traded for 16 hours, unlike the nifty futures which can only be traded between 9:15 AM - 3:30 AM IST.
Indian Stock market experts and traders always look at SGX Nifty before trading nifty futures because the trend of Singapore nifty decides the morning trend of Nifty in India.
Singapore Stock Exchange supports trading of various international stock indices and SGX nifty is one of them. The timing of trading in Singapore nifty is very suitable in Asia.
Correlation between Nifty and SGX Nifty
Since SGX Nifty is the derivative of nifty 50 of India, so there is a high correlation between them. The technical chart of both the indices looks identical. Unless there is some high problem in Singapore, both the indices show similar trend across all the time frames.
Indian traders highly depend on singapore nifty to get morning cues. It establishes a morning trend for nifty 50 in India. India and Singapore are on the same continent also.
SGX Nifty Trend and Forecast
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| SGX nifty weekly chart: click on image to zoom |
Support Level
This index has very good support zone(the area where there is a strong bullish pressure and price is likely to get bounce) from 11000 to 10900. If it comes into this area, you can look for long options as per your risk appetite. The future of this index looks so good and it may go to make new highs.
Resistance Level
This index has a very solid resistance zone(the area where there is a strong bearish pressure and price is likely to get a drop) from 12050 - 12100. If it crosses this zone with a very strong move, it may go higher and higher from there. It the index weakly reaches that zone and it may show some downwards move for some time.
Overall trend SGX Nifty
The overall trend of this index looks bullish. It may go higher and higher in the upcoming 4 or 5 years. Investors need to make solid patience to achieve greater returns. The fundamentals and the technicals of this index are looking solid. There is a stable government in India and there is a lot of scope of development and growth in the Indian economy.
