is there any way for redirecting magento home page on a external link using magento admin url rewrite functionality. What I tried so far you can see in picture.
Update:- My question was never related to what are the other option to do this. My question was related to Magento url rewrite like home page redirection to external website is possible or not.
Best Answer
I would use htaccess Redirect instead.
1.open notepad
2.place this code
Redirect 301 /old-url http://www.newurl.com
3.save as .htaccess and place it on the root where your index page is.
How to redirect webpages code generator can be found here: http://www.htaccessredirect.net