Tuesday, February 17, 2015

Free Pivot Trading Strategies for 18-02-2015 - 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 555.633 563.0667 570.5 573.53333 DOWN 580.967 591.433
BANKBARODA 177.717 180.0333 182.35 182.31667 UP 184.633 186.917
BHEL 252.083 255.6167 259.15 258.53333 UP 262.067 264.983
HCLTECH 1964.77 1976.333 1987.9 1992.1667 DOWN 2003.73 2019.57
HINDALCO 145.333 148.1667 151 153.08333 DOWN 155.917 160.833
IDFC 166.933 168.8667 170.8 172.03333 DOWN 173.967 177.133
JINDALSTEL 146.683 149.5167 152.35 152.08333 UP 154.917 157.483
JSWSTEEL 975.017 982.6833 990.35 992.86667 DOWN 1000.53 1010.72
RCOM 72.1 73.6 75.1 75 UP 76.5 77.9
SBIN 299.667 303.0833 306.5 308.11667 DOWN 311.533 316.567
SSLT 206.35 209.05 211.75 213.35 DOWN 216.05 220.35
TATAMOTORS 558.367 566.1833 574 573.31667 UP 581.133 588.267
TATASTEEL 364.55 366.85 369.15 370.65 DOWN 372.95 376.75
TECHM 2857.03 2878.517 2900 2913.2333 DOWN 2934.72 2969.43
YESBANK 794.267 803.8833 813.5 821.71667 DOWN 831.333 849.167

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