SGX Nifty is a derivative of National Stock Exchange’s Nifty index and trades officially on Singapore Stock Exchange (SGX). SGX Nifty thus moves with ...SGX Nifty is a derivative of National Stock Exchange’s Nifty index and trades officially on Singapore Stock Exchange (SGX). SGX Nifty thus moves with respect to Nifty50. The index opens at 8:00 AM Singapore time on all working days and suggests the initial direction of Indian stock market.While Nifty trades for 6.5 hours on NSE from 9:00 AM to 3:30 PM (IST), SGX Nifty Futures trade for 16 hours from 6.30 AM to 11.30 PM (IST). Since SGX Nifty trades for longer hours, it can capture global trends even when Indian markets are closed for trade.It is an attractive product for foreign investors, who want to take a position in Indian stock market, but do not want to register with Indian authorities. The index is also popular among hedge funds that are exposed to Indian market.The index is considered as a good indicator to know how Indian market will open on a day. A lot of traders follow it to predict the direction of Indian stock market. Intraday traders can take long or short positions in Indian stock market depending on the movement in SGX Nifty.
- SGX Nifty up 25 points; here's what changed for market while you were sleepingAsian stocks traded mostly higher on Wednesday, tracking modest Wall Street gains as prospects of an eventual victory against coronavirus shored up recovery hopes. Japan's Nikkei 225 rose 0.11 per cent while South Korea's Kospi gained 0.64 per cent higher. Hong Kong's Hang Seng Index edged up 0.12 per cent.
- SGX Nifty up 30 points; here's what changed for market while you were sleepingGlobal shares ticked up on Monday on reports US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign. US S&P futures last traded up 0.4 per cent. Japan's Nikkei inched up 0.4 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent.
- SGX Nifty up 30 points; here's what changed for market while you were sleepingThe 50-share pack Nifty formed a big red candlestick formation on a daily chart as it erased the gains of the last 11 days. Nifty may be on the cusp of a reversal after the Nifty-50 snapped a six-session winning streak and tumbled more than 400 points on Monday, but analysts said they would wait for more evidence to confirm the same.
- SGX Nifty down 50 points; here's what changed for market while you were sleepingAsian stocks fell on Monday, as investor mood in the region shifted with uncertainty on US economic stimulus. Nikkei was the biggest loser, down over half a per cent while Kospi and Singapore also traded in the red, China and Indonesia were in the green.
- SGX Nifty up 40 points; here's what changed for market while you were sleepingNifty50 climbed for the fifth session on Thursday and closed above the 13,700 mark, a day after breaking out of a crucial resistance level.
- SGX Nifty down 40 points; here's what changed for market while you were sleepingNifty50 advanced on Wednesday, as intraday selling triggered brisk buying, as was the case in the recent sessions. The index formed a small bullish candle on the daily chart after forming indecisive Dojis for four consecutive days.
- SGX Nifty up 55 points; here's what changed for market while you were sleepingNifty50 on Tuesday tested its immediate support range at 13,450-470, before recovering and closing in the black. With this, the index formed an indecisive Doji candle on the daily chart for the fourth consecutive day.
- SGX Nifty down 30 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 31 points, or 0.23 per cent, lower at 13,560.50, in signs that Dalal Street was headed for a negative start on Tuesday.
- SGX Nifty up 60 points; here's what changed for market while you were sleepingStocks started a busy week with guarded gains as investors gauged the chance of added US stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent.
- SGX Nifty up 40 points; here's what changed for market while you were sleepingNifty50 on Thursday recovered from a strong support at 13,400 level and closed nearly where it had opened, thus forming an indecisive Doji candle on the daily chart. That said, the index negated the higher highs and lows that it had been making in last eight sessions.
- SGX Nifty down 80 points; here's what changed for market while you were sleepingThe 14-day relative strength index (RSI) stood at 77.78 at the end of the day, suggesting that the index is in the overbought territory. Analysts are a bit cautious, but said there are no signs of weakness on the technical charts. They predict further gains ahead.
- SGX Nifty up 40 points; here's what changed for market while you were sleepingNifty50 on Tuesday breached the 13,400 level on an intraday basis but could not sustain the gains. Buying was seen later at lows, as the index ended almost where it had opened, thereby forming an indecisive Doji on the daily chart.
- SGX Nifty down 10 points; here's what changed for market while you were sleepingNifty50 on Monday topped 13,350 level as it took its recent gains to the fifth day in a row. The index formed a bullish candle on the daily chart and made higher high higher low for the sixth straight day. Analysts said the index closing above 13,350 is a positive sign and that the NSE barometer has the potential to touch 13,500 level in the short run.
- SGX Nifty down 55 points; here's what changed for market while you were sleepingNifty50 on Friday took out the 13,250 level for the first time, and ended up forming a bullish candle on the both daily and weekly charts. The index formed higher highs and lows for the fifth session in a row, signalling a bullish bias. It needs to hold above 13,100 level to witness a bounce towards 13,400 level, said Chandan Taparia of Motilal Oswal Securities
- SGX Nifty up 30 points; here's what changed for market while you were sleepingThe index formed a bearish candle on the daily chart that resembled a ‘Bearish Belt Hold’ pattern as it saw selling from the word go, before recovering some ground at the end. Such a formation, following a Dragonfly Doji pattern in the previous session, suggested that the bears were getting the upper hand.
- SGX Nifty up 10 points; here's what changed for market while you were sleepingNifty50 tested the 13,000 level on Wednesday, before rebounding and closing in the black. The index formed a Dragonfly Doji pattern on the daily chart, suggesting a balance of power between the bulls and the bears.
- SGX Nifty down 20 points; here's what changed for market while you were sleepingNifty50 closed near its all-time high of 13,145 level on Tuesday. The index formed a bullish candle on the daily chart, which resembled a Hanging Man candle. It also formed a higher high and low for the second straight session. That said, analysts believe a decisive bounce is unlikely for the index unless it takes out the 13,250 level.
- SGX Nifty up 5 points; here's what changed for market while you were sleepingNifty50 on Friday formed a bearish candle on the daily chart and an indecisive Doji on the weekly chart. The day saw the NSE barometer facing resistance above the psychological mark of 13,000, which has been the case for the past couple of sessions now. Analysts largely see 12,750-13,150 as the range for the index for the coming week. A break above this range can offer directional cues, they said.
- SGX Nifty up 5 points; here's what changed for market while you were sleepingNifty50 on Thursday tested 12,800, before rebounding amid the expiry of November series futures and options contracts. At close, the index failed to top the 13,000 level by a whisker, but ended up forming a bullish candle on the daily chart and an indecisive ‘Doji’ candle on the weekly scale.
- SGX Nifty up 60 points; here's what changed for market while you were sleepingNifty50 saw steep selling pressure after hitting a record high on Wednesday, as the index ended up forming a 'Bearish Engulfing' candle on the daily chart. For now, any recovery on the index will be vulnerable to selloffs, said analysts. Chandan Taparia of Motilal Oswal Securities said that the index needs to hold above 12,850-12,900 to make an attempt for 13,000 level.
- SGX Nifty up 80 points; here's what changed for market while you were sleepingNifty50 on Tuesday broke above the crucial resistance of 13,000-mark with ease. The index formed a bullish candle on the daily chart. Analysts said the bulls seem to be in no mood to give in. They believe the index could flirt with the 13,350 level in the coming days.
- SGX Nifty down 10 points; here's what changed for market while you were sleepingNifty50 on Monday formed a ‘Hanging Man’ candle on the daily chart. In the last nine sessions, the index appears to be struggling at the upper boundary of the 45-day-old ascending channel, which coincides with the psychological mark at 13,000 level. Analysts said the index has strong support at 12,800 level and a move above 13,000 level could bring in further upside.
- SGX Nifty up 85 points; here's what changed for market while you were sleepingNifty50 on Friday formed a Hammer-like candle on the daily chart and a Spinning Top on the weekly chart. Analysts said the index traded largely in a range during the week, and Friday’s gains from day’s lows suggested a consolidation ahead.
- SGX Nifty up 30 points; here's what changed for market while you were sleepingAnalysts said the index was facing tough resistance in the 12,900-950 range and the formation of this candle after a couple of Hanging Man patterns suggests weakness ahead. The 12,600 level looks likely, they said. On the upside, Nifty50 has a hurdle at 12,900 level, they said.
- SGX Nifty down 100 points; here's what changed for market while you were sleepingAnalysts said there are no sell signals on the technical charts and the index has potential to take out the 13,000 level in the short term. They noted that the index has been making higher lows for a couple of sessions and support for the NSE barometer has shifted upward to 12,800 level.
- SGX Nifty down 5 points; here's what changed for market while you were sleepingNagaraj Shetti, Technical Research Analyst at HDFC Securities, said the 12,850-12,900 range will now be the make-or-break area in the short term. “An inability to generate further strength could result in minor weakness from the high in the next 1-2 sessions. A decisive move above this hurdle can open the next upside target of 13,500 over the next couple of weeks," he said.
- SGX Nifty up 30 points; here's what changed for market while you were sleepingNifty50 on Friday saw buying at the day’s low level before eventually ending the day higher. The index formed a small bullish candle on the daily chart. Analysts said the index is moving sideways and any rise towards the 12,900 level could attract selling pressure.
- SGX Nifty down 110 points; here's what changed for market while you were sleepingStocks in Asia were poised to pull back after markets in the United States and Europe sold off on concerns over rising coronavirus infections. Australian S&P/ASX 200 shares dipped 0.12 per cent in early trading.
- SGX Nifty down 40 points; here's what changed for market while you were sleepingNifty50 climbed for the eighth straight session on Wednesday, but in the process formed a ‘Hanging Man’ candle on the daily chart. This was the second straight session, when the index formed such a pattern that has the connotation of the trend reversal if confirmed by selling pressure in the next session. Already, the index is in the overbought territory, which has made analysts turn cautious on the ongoing rally.
- SGX Nifty up 20 points; here's what changed for market while you were sleepingEven as the index has risen for seven straight sessions, there are chances that the index may scale towards 12,850 level. That said, the short-term rally has reached a mature stage and a minor correction cannot be ruled out, said analysts.
- SGX Nifty up 140 points; here's what changed for market while you were sleepingRising for the sixth consecutive session, Nifty50 hit a record closing high on Monday. The index formed a bullish candle on the daily chart for the fifth session in a row and also the fifth day when the index formed a higher high and low. With this, the NSE barometer has reached the overbought zone. But analysts said further upside on the index is still possible.
- SGX Nifty up 60 points; here's what changed for market while you were sleepingThe bulls continued their march on Dalal Street and helped benchmark Nifty50 register positive close for the fifth session in a row on Friday. In the process, the index ended up forming a strong bullish candle with an intra-week range of over 700 points. Analysts said the index can now hit a new lifetime high over the next few sessions.
- SGX Nifty down 45 points; here's what changed for market while you were sleepingAfter opening at 12,120 level, Nifty touched an intraday high and low of 12,131 and 12,027, respectively, before settling 1.78 per cent, or nearly 212 points, higher at 12,120. In the process, the index formed a ‘Rising Window’ candlestick pattern on the daily chart.
- SGX Nifty up 170 points; here's what changed for market while you were sleepingAsian stocks joined a global buying on Thursday as Wall Street stocks powered higher Wednesday, shrugging off uncertainty over the still-unresolved US presidential election and embracing the positives of the likelihood of divided government in Washington.
- SGX Nifty down 25 points; here's what changed for market while you were sleepingNifty50, which has been seeing buying at lower levels for a couple of sessions, rallied over 1 per cent on Tuesday, and formed a long bullish candle on the daily charts. Analysts said the index may attempt to reclaim the 11,900-11,950 range or go higher in the coming sessions.
- SGX Nifty up 70 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 70.50 points, or 0.60 per cent higher at 11,740, in signs that Dalal Street was headed for a positive start on Tuesday.
- SGX Nifty up 40 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 38.5 points, or 0.33 per cent higher at 11,673.50, in signs that Dalal Street was headed for a positive start on Monday.
- SGX Nifty down 15 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 16.5 points, or 0.14 per cent, lower at 11,648.50, in signs that Dalal Street was headed for a negative start on Friday.
- SGX Nifty down 70 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 72 points, or 0.61 per cent, lower at 11,660.50, in signs that Dalal Street was headed for a negative start on Thursday.
- SGX Nifty down 35 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 37.50 points, or 0.32 per cent, lower at 11,850, in signs that Dalal Street was headed for a negative start on Wednesday.
- SGX Nifty up 45 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 46 points, or 0.39 per cent, higher at 11,820, in signs that Dalal Street was headed for a positive start on Tuesday.
- SGX Nifty up 20 points; here's what changed for market while you were sleepingAsian shares got off to a cautious start on Monday as surging coronavirus cases in Europe and the United states threaten the economic outlook, even as growth in China provides some support to Asia.
- SGX Nifty down 10 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 10 points, or 0.08 per cent, lower at 11,882.50, in signs that Dalal Street was headed for a muted start on Friday.
- SGX Nifty down 20 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 20.60 points, or 0.17 per cent lower at 11,908.80, in signs that Dalal Street was headed for a negative start on Thursday.
- SGX Nifty up 25 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 24 points, or 0.36 per cent higher at 11,931.50, in signs that Dalal Street was headed for a positive start on Wednesday.
- SGX Nifty down 40 points; here's what changed for market while you were sleepingAnalysts said the index did not see a followup drop following Thursday’s selloff, which is a sign of relief. But they feel the index remains vulnerable to selling pressure. The 11,900-926 range could pose immediate resistance for the index, they said.
- SGX Nifty up 65 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 66.5 points, or 0.56 per cent higher at 11,838.50, in signs that Dalal Street was headed for a positive start on Monday.
- SGX Nifty up 65 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 66.5 points, or 0.57 per cent higher at 11,761.50, in signs that Dalal Street was headed for a positive start on Friday.
- SGX Nifty up 30 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 30.50 points, or 0.25 per cent higher at 11,992.50, in signs that Dalal Street was headed for a positive start on Thursday.
- SGX Nifty down 60 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 61 points, or 0.51 per cent lower at 11,880, in signs that Dalal Street was headed for a negative start on Wednesday.
- SGX Nifty down 30 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 30 points, or 0.25 per cent lower at 11,938, in signs that Dalal Street was headed for a negative start on Tuesday.
- SGX Nifty up 30 points; here's what changed for market while you were sleepingDespite having recovered strongly from a low point at 10,800 in the last few sessions, the index is not showing any major sign of fatigue. Nifty formed a bullish candle on the daily chart, negating Thursday's indecisive Doji candle. It showed the bulls are in no mood to give in yet.
- SGX Nifty up 20 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 21 points, or 0.18 per cent higher at 11,870, in signs that Dalal Street was headed for a positive start on Friday.