Our Indian market is open for 6 hours 15 minutes. If you want to trade in Nifty, you are getting 6 hours 15 minutes. But you must have heard many times about SGX Nifty that SGX Nifty is open for 21 hours. So where there is 6 hours of trading and where there is 21 hours of trading, you cannot miss SGX Nifty. It has a lot of price action, which can provide you very important data. Especially if you trade in options, today you are going to learn to track SGX Nifty in a unique way and that is going to be taught to you by one and only Mr. Apoorv Sheth. Sir, so today I am very excited, my viewers are also very excited to learn from you what is this unique method, which people did not know about till now and if they can take advantage of it, then they must take it. Sure, sure. So people wake up many times in SGX Nifty, if someone has a higher position, people wake up at night and see what is happening in SGX Nifty. They wake up in the morning and see.
The first thing any trader will see is how much SGX Nifty is trading at what level.
This gives them an idea of the market that what will happen if Nifty opens at what level. Many people do not know that, as you said, there is 21 hours of trading, so our Nifty is open only for 6.25 hours, 375 minutes, whereas SGX Nifty is traded for a very long time and big FIIs, big institutions, big investors, they trade on SGX Nifty.
So what is happening in SGX Nifty and the price level, support, resistance etc. you get, from that you can find trades in the market, identify trades, find support resistance. So this can be very helpful for an intraday trader. So that is what we will see in today’s video.
Okay, please continue sir. So first of all, we will see what exactly is SGX Nifty, what is the trading timing in SGX Nifty and then we will see on the chart how we can track SGX Nifty. So SGX Nifty is a derivative contract of Nifty futures. So Indian Nifty futures, Nifty futures are futures contracts traded on the Singapore Exchange. So this gives a fair idea to the traders about how our markets can open. And Indians are not allowed to trade in foreign derivative markets. So only foreign traders and big investors, only those people can trade on the Singapore Exchange. So now its timing, it is divided into two sessions. One is called the T session, which opens for trading at 9 am as per Singapore time and it remains open till 6.10 pm. So if you look as per Indian time, it is open from 6.30 am to 3.40 pm. Then there is T plus 1 session which opens at 6.40 pm as per Singapore time and closes at 5.15 pm. And in Indian markets it is open from 4.10 pm to 2.45 pm. So SGX trades for a total of 21 hours and Indian market trades only for 6 hours 15 minutes. So there is a lot of activity which you miss out on. So intraday traders miss out on a lot of activity and what is happening in the whole period, like SGX Nifty is trading for 21 hours, so where are the spikes, where are the supports, where is the resistance, only SGX Nifty can tell you this. So we will look at it through the charts. So let’s go to the Trading View charts and see a different way to track SGX Nifty. So we have come to the Trading View terminal.
Here I have put SGX Nifty. So the code on trading view for SGX Nifty is IN1, so here the first thing we will do is when you go to indicators and type SGX Nifty, here in community scripts, you will find this script by my name, the movement of SGX Nifty during Indian market hours. So you have to click on this and it will plot like green and white color bars on the back side. So these green bars are basically the time when Indian markets are open.
So you have to compare this movement with the Indian markets. So what we will do is we will go to the plus add symbol icon here and Nifty futures and we have plotted it on the new panel. So now it is coming in orange color. Now what we will do is we will go to settings and create a candlestick chart. So now the trading that is happening above is the trading of SGX Nifty.
So this white bar, this white part is the part when Indian markets were closed but SGX Nifty was open. So there are a lot of movements which you miss out. What you do is that at night you will see once what SGX Nifty is trading and in the morning you will see once.
But during the day there are a lot of movements which come in SGX Nifty support and resistance at very good levels which can help you identify. So like if you are a typical technical trader, you can easily identify support and resistance.
So this is what we do, we plot the support and resistance. So I have taken a horizontal line.
So you have got a support range. The resistance was right here and now it is supporting. Now if you go to the Indian markets you will not be able to see this easily. You can see it here very easily.