When trading SGX Nifty futures, people often use a combination of technical indicators like moving averages and RSI to gauge momentum and potential entry points. Since SGX Nifty operates with longer hours than the Indian market, many traders pay close attention to overnight market movements and global cues, especially from the U.S. and Asian markets, which can influence sentiment.
Regarding trading hours, the extended session allows for a reaction to global events that happen outside Indian market hours. This can be an advantage, but it also means keeping an eye on developments during these times is crucial.
Global events like U.S. Federal Reserve announcements, geopolitical tensions, or significant economic data releases from China or the U.S. are known to impact SGX Nifty significantly. To stay updated, platforms like Bloomberg, Reuters, and financial news apps can be helpful for real-time updates.
For tracking performance, platforms such as TradingView or SGX's official website provide both live data and historical charts. It's worth exploring these to find the one that best fits your needs.
Remember to consider factors like transaction costs and leverage since they can significantly affect your bottom line. Happy trading!