Hey folks, been trading the Indian indices for over a decade now, and I’ve seen all the hype around SGX Nifty (or Gift Nifty as they rebranded it) as this “pre-market predictor” that supposedly gives you an edge before the NSE opens. But let’s cut the BS-does anyone else think this thing is overhyped? It’s basically just futures trading on Singapore time, with liquidity that’s a fraction of what you’ll get once Bombay wakes up. I’ve lost count of the times I’ve seen it gap 100+ points at open, rendering the whole overnight watch pointless.
Question for the vets here: In this era of algo-driven markets and global volatility (thanks, Fed and geopolitics), is anyone actually basing live positions on SGX levels anymore, or are we all just admitting it’s more of a sentiment gauge than a reliable signal? What’s your take-stick to it, ditch it, or hedge with something else like US futures? Curious if the old guard still swears by it or if newer tools like options flow data have made it obsolete.