SGX NIFTY which is traded based on our indian NIFTY, will give you an ADVANCED movements before our market opens.
This will give traders an edge to take or quit positions ,sometimes loss of sleep also!
Elliot waves should be drawn as per cash markets(as per Glen neely) But there is nothing wrong since this future is the mainly traded by matured participants unlike our retailers.
Having said we can follow our nifty using SGXNIFTY(IND50)Charts.
Bears won today by bringing nifty to 458 points from its peak(17809), wait for 2 days to allow the injured Bull to recover and again BEARS will demonstrate full power after wednesday(22/09).
This will give traders an edge to take or quit positions ,sometimes loss of sleep also!
Elliot waves should be drawn as per cash markets(as per Glen neely) But there is nothing wrong since this future is the mainly traded by matured participants unlike our retailers.
Having said we can follow our nifty using SGXNIFTY(IND50)Charts.
Bears won today by bringing nifty to 458 points from its peak(17809), wait for 2 days to allow the injured Bull to recover and again BEARS will demonstrate full power after wednesday(22/09).