Friday, January 16, 2015

Free Pivot Trading Strategies for 16-01-2015 - 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 503.15 508.05 512.95 516.00 DOWN 520.90 528.85
BANKBARODA 1072.47 1083.23 1094.00 1102.62 DOWN 1113.38 1132.77
BHEL 258.28 262.47 266.65 269.18 DOWN 273.37 280.08
HCLTECH 1523.83 1561.22 1598.60 1589.83 UP 1627.22 1655.83
HINDALCO 134.47 137.98 141.50 141.87 DOWN 145.38 149.27
IDFC 153.57 159.83 166.10 164.82 UP 171.08 176.07
JINDALSTEL 143.77 146.83 149.90 150.27 DOWN 153.33 156.77
JSWSTEEL 938.53 951.77 965.00 969.88 DOWN 983.12 1001.23
RCOM 73.72 75.78 77.85 77.37 UP 79.43 81.02
SBIN 309.00 313.70 318.40 318.70 DOWN 323.40 328.40
SSLT 183.07 185.63 188.20 189.07 DOWN 191.63 195.07
TATAMOTORS 517.35 523.20 529.05 529.60 DOWN 535.45 541.85
TATASTEEL 364.00 372.50 381.00 380.60 UP 389.10 397.20
TECHM 2747.60 2761.00 2774.40 2780.50 DOWN 2793.90 2813.40
YESBANK 795.67 802.33 809.00 813.67 DOWN 820.33 831.67

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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