Friday, February 6, 2015

Free Pivot Trading Strategies for 06-02-2015 - 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 548.47 558.23 568.00 568.37 DOWN 578.13 588.27
BANKBARODA 168.68 172.57 176.45 179.18 DOWN 183.07 189.68
BHEL 263.93 269.47 275.00 279.63 DOWN 285.17 295.33
HCLTECH 1853.37 1913.68 1974.00 1947.27 UP 2007.58 2041.17
HINDALCO 142.42 145.23 148.05 149.57 DOWN 152.38 156.72
IDFC 161.03 163.52 166.00 167.58 DOWN 170.07 174.13
JINDALSTEL 138.27 141.88 145.50 148.12 DOWN 151.73 157.97
JSWSTEEL 953.33 964.17 975.00 982.08 DOWN 992.92 1010.83
RCOM 66.22 68.73 71.25 73.52 DOWN 76.03 80.82
SBIN 283.90 287.20 290.50 292.50 DOWN 295.80 301.10
SSLT 200.97 204.48 208.00 210.07 DOWN 213.58 219.17
TATAMOTORS 569.93 578.77 587.60 590.83 DOWN 599.67 611.73
TATASTEEL 368.38 373.47 378.55 383.13 DOWN 388.22 397.88
TECHM 2816.70 2844.35 2872.00 2872.65 DOWN 2900.30 2928.60
YESBANK 777.62 794.23 810.85 810.62 UP 827.23 843.62


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



Subscribe via email

Enter your email address:

Delivered by FeedBurner