Wednesday, January 7, 2015

Free Pivot Trading Strategies for 07-01-2015 - 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 486.13 492.32 498.50 502.93 DOWN 509.12 519.73
BANKBARODA 1031.67 1043.33 1055.00 1066.67 DOWN 1078.33 1101.67
BHEL 252.12 256.23 260.35 263.62 DOWN 267.73 275.12
HCLTECH 1494.95 1519.00 1543.05 1546.70 DOWN 1570.75 1598.45
HINDALCO 148.50 151.00 153.50 153.65 DOWN 156.15 158.80
IDFC 152.27 154.23 156.20 157.07 DOWN 159.03 161.87
JINDALSTEL 142.93 147.17 151.40 155.28 DOWN 159.52 167.63
JSWSTEEL 995.47 1008.78 1022.10 1033.87 DOWN 1047.18 1072.27
RCOM 76.57 78.03 79.50 80.62 DOWN 82.08 84.67
SBIN 290.83 295.37 299.90 303.23 DOWN 307.77 315.63
SSLT 198.70 203.40 208.10 211.45 DOWN 216.15 224.20
TATAMOTORS 490.10 496.05 502.00 505.20 DOWN 511.15 520.30
TATASTEEL 381.60 388.50 395.40 401.25 DOWN 408.15 420.90
TECHM 2488.13 2514.57 2541.00 2541.78 DOWN 2568.22 2595.43
YESBANK 755.27 762.63 770.00 775.72 DOWN 783.08 796.17

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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