Sunday, February 1, 2015

Free Pivot Trading Strategies for 02-02-2015 - 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 571.48 579.62 587.75 591.83 DOWN 599.97 612.18
BANKBARODA 164.40 178.30 192.20 199.50 DOWN 213.40 234.60
BHEL 279.50 285.80 292.10 291.80 UP 298.10 304.10
HCLTECH 1722.32 1758.33 1794.35 1789.17 UP 1825.18 1856.02
HINDALCO 136.15 138.20 140.25 140.65 DOWN 142.70 145.15
IDFC 158.18 165.42 172.65 171.33 UP 178.57 184.48
JINDALSTEL 151.52 155.43 159.35 158.12 UP 162.03 164.72
JSWSTEEL 937.40 964.95 992.50 985.20 UP 1012.75 1033.00
RCOM 75.95 77.70 79.45 80.50 DOWN 82.25 85.05
SBIN 292.10 300.70 309.30 315.60 DOWN 324.20 339.10
SSLT 192.75 197.40 202.05 201.10 UP 205.75 209.45
TATAMOTORS 567.13 576.77 586.40 590.73 DOWN 600.37 614.33
TATASTEEL 382.23 386.47 390.70 390.73 DOWN 394.97 399.23
TECHM 2751.87 2820.93 2890.00 2906.22 DOWN 2975.28 3060.57
YESBANK 839.37 850.68 862.00 868.32 DOWN 879.63 897.27

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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