Sunday, January 4, 2015

Free Pivot Trading Strategies for 05-01-2015 - NSE LIX 15 Index Stocks

 Pivot Trading Strategies for NSE LIX 15 Index Stocks
Day Traders can take a BUY/SELL call on the following stocks in the below mentioned manner:-
• BUY - Take a BUY position when the Price is above the Pivot Point & keep a stop loss at the Pivot Point and targets at R1 and R2.
• SELL – Take a SELL position when the Price is below the Pivot Point & keep a stop loss at the Pivot Point and targets at S1 and S2.
The trend given (UP/DOWN) is based on closing price of the previous day and the Pivot Point.

Stocks S2 S1 Close Pivot Trend R1 R2
AXISBANK 495.85 505.20 514.55 511.05 UP 520.40 526.25
BANKBARODA 1076.67 1086.03 1095.40 1093.97 UP 1103.33 1111.27
BHEL 265.95 270.85 275.75 273.90 UP 278.80 281.85
HCLTECH 1589.77 1598.38 1607.00 1608.67 DOWN 1617.28 1627.57
HINDALCO 157.00 158.50 160.00 159.85 UP 161.35 162.70
IDFC 156.35 157.70 159.05 159.15 DOWN 160.50 161.95
JINDALSTEL 154.52 158.43 162.35 161.52 UP 165.43 168.52
JSWSTEEL 1054.08 1060.57 1067.05 1069.78 DOWN 1076.27 1085.48
RCOM 81.42 82.23 83.05 83.07 DOWN 83.88 84.72
SBIN 312.13 313.87 315.60 316.08 DOWN 317.82 320.03
SSLT 216.97 219.68 222.40 222.07 UP 224.78 227.17
TATAMOTORS 489.23 501.37 513.50 509.38 UP 521.52 529.53
TATASTEEL 403.00 407.00 411.00 410.00 UP 414.00 417.00
TECHM 2573.67 2592.33 2611.00 2605.67 UP 2624.33 2637.67
YESBANK 762.40 778.60 794.80 787.20 UP 803.40 812.00

Pivot Points in a Nutshell

Pivot Points are calculated Price Levels that the day traders like to watch during the trading session.

In general, if the day's Price Action starts above the "Pivot", it will tend to stay above the Pivot (also called the "fulcrum" of the day's activity). On such a day, Resistance will be met at Price Level R1. Should R1 be broken, further Resistance will be expected at R2.

The story is all reversed, of course, if the price action is below the Pivot. Support will be met at Price Level S1. Should S1 be broken, further Support will be expected at S2. If, after starting the day above the Pivot, the Price crosses back through the Pivot, the Pivot will act as a Resistance area.

Pivot Points and Levels are Support and Resistance levels, and behave exactly like any historical Support and Resistance level. 


--
Raghvendra Narendra Dhootraghav@raghavs-picks.com

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