What is this Indicator? • This indicator calculates the OHLC levels of SGX Nifty.
How does SGX Nifty impact NIFTY and the Indian Market? • Helps in predicting NIFTY50 Index behavior. • The closing price of today's 9.14 am (IST) SGX Nifty will be the Open of today's Nifty50 Open. This helps to determine the opening Gap of Nifty50. • SGX Nifty OHLC levels can act as support and resistance in Nifty50.
Who to use? • Beneficial for Day Traders, who trade in NIFTY Index.
What timeframe to use? • Use 1 minute for better accuracy. • Other timeframes will also work.
Important Note • Use 1 min timeframe for accurate OHLC. • In other timeframes OHLC will have negligible difference, it won't be huge. • This indicator will appear only on NIFTY Index and Futures chart. • To hide the warning label go to the indicator Menu.
Please could you do the same for BNF Future charts
Arun_K_Bhaskar
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@toprasannas, SGX Nifty values are directly related to Nifty 50 not for Bank Nifty. But I think the approximate values can be converted for Bank Nifty, I am not sure about it, I will try if the method works.