Sunday, February 15, 2015

Free Pivot Trading Strategies for 16-02-2015 - 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 569.1 573.95 578.8 581.35 DOWN 586.2 593.6
BANKBARODA 177.333 179.5667 181.8 182.43333 DOWN 184.667 187.533
BHEL 245.233 252.3167 259.4 258.08333 UP 265.167 270.933
HCLTECH 1965.08 1980.567 1996.05 1992.2833 UP 2007.77 2019.48
HINDALCO 149.65 151.4 153.15 153.75 DOWN 155.5 157.85
IDFC 170.817 172.0333 173.25 173.26667 DOWN 174.483 175.717
JINDALSTEL 143.867 147.7333 151.6 150.51667 UP 154.383 157.167
JSWSTEEL 962.5 980.4 998.3 989.9 UP 1007.8 1017.3
RCOM 69.7 70.8 71.9 71.65 UP 72.75 73.6
SBIN 277.733 292.7167 307.7 300.33333 UP 315.317 322.933
SSLT 208.15 210.2 212.25 213.05 DOWN 215.1 217.95
TATAMOTORS 550.267 557.7333 565.2 562.46667 UP 569.933 574.667
TATASTEEL 361.183 363.6667 366.15 367.73333 DOWN 370.217 374.283
TECHM 2856.8 2871.4 2886 2896.9 DOWN 2911.5 2937
YESBANK 823 828.5 834 836.75 DOWN 842.25 850.5

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

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

Subscribe via email

Enter your email address:

Delivered by FeedBurner