Thursday, February 19, 2015

Free Pivot Trading Strategies for 19-02-2015 - 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 559.467 564.9333 570.4 569.46667 UP 574.933 579.467
BANKBARODA 178.383 180.8667 183.35 182.48333 UP 184.967 186.583
BHEL 253.783 256.8167 259.85 260.13333 DOWN 263.167 266.483
HCLTECH 1969.4 2003.7 2038 2021.85 UP 2056.15 2074.3
HINDALCO 148.183 149.6167 151.05 151.03333 UP 152.467 153.883
IDFC 168.517 170.3833 172.25 171.86667 UP 173.733 175.217
JINDALSTEL 147.683 151.1167 154.55 154.43333 UP 157.867 161.183
JSWSTEEL 950.083 960.5667 971.05 980.48333 DOWN 990.967 1010.88
RCOM 71.1667 72.23333 73.3 73.966667 DOWN 75.0333 76.7667
SBIN 299.283 302.4667 305.65 305.18333 UP 308.367 311.083
SSLT 199.8 202.1 204.4 206.05 DOWN 208.35 212.3
TATAMOTORS 550.567 566.8333 583.1 576.91667 UP 593.183 603.267
TATASTEEL 361 364.55 368.1 368.25 DOWN 371.8 375.5
TECHM 2827.98 2856.967 2885.95 2885.9833 DOWN 2914.97 2943.98
YESBANK 798.717 809.9833 821.25 817.41667 UP 828.683 836.117

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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