Wednesday, February 11, 2015

Free Pivot Trading Strategies for 12-02-2015 - 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 548.733 559.1167 569.5 565.88333 UP 576.267 583.033
BANKBARODA 174.467 177.3833 180.3 180.11667 UP 183.033 185.767
BHEL 246.6 251.05 255.5 258.05 DOWN 262.5 269.5
HCLTECH 1903.2 1931 1958.8 1949 UP 1976.8 1994.8
HINDALCO 144.95 147.3 149.65 149.4 UP 151.75 153.85
IDFC 164.1 166.3 168.5 168.35 UP 170.55 172.6
JINDALSTEL 136.65 144.3 151.95 149.25 UP 156.9 161.85
JSWSTEEL 916.267 948.5333 980.8 969.16667 UP 1001.43 1022.07
RCOM 67.9333 69.21667 70.5 70.083333 UP 71.3667 72.2333
SBIN 278 282.1 286.2 287.8 DOWN 291.9 297.6
SSLT 197.617 202.8333 208.05 207.21667 UP 212.433 216.817
TATAMOTORS 543.583 551.8667 560.15 561.63333 DOWN 569.917 579.683
TATASTEEL 346.333 355.3667 364.4 362.03333 UP 371.067 377.733
TECHM 2736.25 2790.8 2845.35 2824.4 UP 2878.95 2912.55
YESBANK 812.033 819.0667 826.1 827.03333 DOWN 834.067 842.033

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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