What is GIFT Nifty and how does it predict market opening?

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I hear traders mention GIFT Nifty before Indian markets open. How do I use this to predict the opening?

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Wolf Alpha

Trader · 15 days ago

GIFT Nifty trades in the GIFT City (Gujarat) SEZ from 6am to midnight. It tracks Nifty futures and gives an indication of where Indian markets will open.

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Price Action Pro

Trader · 15 days ago

Check GIFT Nifty at 9:00am IST. If it is +100 points vs previous Nifty close, expect roughly +100 point gap up at open. But the gap often partially fills in the first 30 minutes.

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What is GIFT Nifty and how does it predict market opening?

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