Tuesday, February 3, 2015

Free Pivot Trading Strategies for 04-02-2015 - 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
557.48
571.57
585.65
598.58
DOWN
612.67
639.68
BANKBARODA
179.77
182.63
185.50
187.27
DOWN
190.13
194.77
BHEL
288.12
292.78
297.45
295.87
UP
300.53
303.62
HCLTECH
1851.33
1875.67
1900.00
1895.33
UP
1919.67
1939.33
HINDALCO
139.92
142.53
145.15
145.52
DOWN
148.13
151.12
IDFC
168.23
170.57
172.90
174.48
DOWN
176.82
180.73
JINDALSTEL
147.75
149.75
151.75
152.75
DOWN
154.75
157.75
JSWSTEEL
960.07
970.08
980.10
988.02
DOWN
998.03
1015.97
RCOM
74.40
75.95
77.50
78.55
DOWN
80.10
82.70
SBIN
290.62
295.13
299.65
303.57
DOWN
308.08
316.52
SSLT
192.90
201.40
209.90
206.70
UP
215.20
220.50
TATAMOTORS
586.05
592.10
598.15
602.25
DOWN
608.30
618.45
TATASTEEL
372.68
376.62
380.55
382.03
DOWN
385.97
391.38
TECHM
2849.70
2884.40
2919.10
2904.70
UP
2939.40
2959.70
YESBANK
774.70
788.10
801.50
814.40
DOWN
827.80
854.10


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 Dhoot
raghav@raghavs-picks.com

Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG

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