Friday, February 13, 2015

Free Pivot Trading Strategies for 13-02-2015 - 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 558.167 569.8333 581.5 575.66667 UP 587.333 593.167
BANKBARODA 176.05 178.35 180.65 180.35 UP 182.65 184.65
BHEL 243.75 255.4 267.05 262.4 UP 274.05 281.05
HCLTECH 1933.72 1959.433 1985.15 1974.7167 UP 2000.43 2015.72
HINDALCO 147.467 150.2333 153 151.81667 UP 154.583 156.167
IDFC 166.45 169.6 172.75 171.3 UP 174.45 176.15
JINDALSTEL 139.467 142.9333 146.4 148.86667 DOWN 152.333 158.267
JSWSTEEL 950.05 964 977.95 975.45 UP 989.4 1000.85
RCOM 69.0167 70.03333 71.05 70.916667 UP 71.9333 72.8167
SBIN 273.767 279.9333 286.1 284.46667 UP 290.633 295.167
SSLT 200.5 207 213.5 211.1 UP 217.6 221.7
TATAMOTORS 547.05 555.1 563.15 560.55 UP 568.6 574.05
TATASTEEL 351.717 358.8333 365.95 363.11667 UP 370.233 374.517
TECHM 2820.8 2865.4 2910 2890.2 UP 2934.8 2959.6
YESBANK 806.2 823.1 840 832.15 UP 849.05 858.1

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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