SGX is an acronym for Singapore Stock Exchange. SGX Nifty is listed on Singapore Stock Exchange and follows movements of Nifty (while Indian Stock Exchange NSE is open) or shadow movement of Nifty (while the markets are closed).
Another thing to note is that SGX Nifty is a futures contract and hence its movements are more aligned with Nifty Future contract of that specific month rather than Spot price of Nifty.
Singapore exchange is the leading exchange of Asia allowing investors to take positions in different products based on the futures which are traded on the exchange. Apart from India the exchange also allows one to take positions in FTSE, China A50 index, MSCI Asia, MSCI Hongkong, MSCI Singapore, MSCI Taiwan ,Nikkei 225, Strait Times etc. Thus, FIIs are able to take positions in all major indices while being in Singapore.
If you are a trader and want to know about the price movement and trends of SGX NIFTY, you can follow historic charts of SGX NIFTY. You can use weekly or monthly charts to get a detailed idea about the trends of SGX Nifty. Monthly and weekly charts give a clear idea about the major trading levels which are even followed by Foreign Institutional Investors (FIIs) and fund managers for entry and profit booking. For day traders PCR (Put Call Ratio) trends and Nifty Spot Price are considered extremely reliable indicators. You can follow live PCR trends for intraday trading. Like Bank Nifty OI charts you can also get SGX Nifty OI live charts for intraday trading. Open Interest charts give clues about intraday support and resistance levels of SGX Nifty.
Gaps in stock market trading appear when there is sharp rise or fall in the price of the stock and when there is no occurrence of the trading activity. The reasons for gap creation can be a positive news release by the company, change in the trade analyst’s view, buying or selling pressure among traders, public announcements of the company’s profit, among others. When the price of a financial instrument opens higher than the previous day’s price, it is gap-up. When the price of a financial instrument opens lower than the previous trading day it is gap-down. Gap-downs occur when there is a change in investor sentiments.
So in simple terms, SGX NIFTY is nothing but the Indian NIFTY traded in the Singapore Stock Exchange. Singapore Stock Exchange is considered as one of the leading stock exchange of Asia. SGX NIFTY is a derivative of NIFTY which is quite popular in Singapore Stock Exchange. It is an attractive product for foreign investors who want to take a position in the Indian stock market but do not want to register with India authorities. SGX NIFTY is also popular among Hedge funds who are exposed in India market and want to hedge their exposure. Singapore Stock Exchange also allow the investors to take the positions in different products including China A50 index, FTSE, MSCI Asia, MSCI Singapore, MSCI Hongkong, MSCI Taiwan, Nikkei 225, etc. so Foreign Institutional Investors (FIIs) can also take positions in all major indices while being in Singapore.
Indian stock market open at 9:15 AM and close at 3:30 PM while SGX NIFTY trades for 16 hours a day in Singapore Stock exchange from 6:30 AM to 11:30 PM IST. Because of the long trading hours, the impact of global events is more advanced on SGX Nifty. That is why SGX NIFTY is considered as a good indicator to know where India market will open next day. Lots of traders follow SGX NIFTY to predict the direction of Indian stock market. Intraday traders can take long or short positions in Indian stock market depending on the movement of SGX Nifty.
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