SGX Nifty is a derivative product listed in Singapore Stock Exchange. This index is traded in Futures contract segment in the Singapore stock market. This SGX Futures is based on Nifty Futures contract of India.
This index is composed of 50 large-cap companies of National stock Exchange of India. This Index is the weighted average of these 50 companies.
Since SGX Nifty is the derivative of nifty 50 of India, so there is a high correlation between them. The technical chart of both the indices looks identical. Unless there is some high problem in Singapore, both the indices show similar trend across all the time frames.
To know about the exact trend, click below
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