Friday, February 20, 2015

Free Pivot Trading Strategies for 20-02-2015 - 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 542.667 554.4333 566.2 565.01667 UP 576.783 587.367
BANKBARODA 170.733 174.8667 179 179.63333 DOWN 183.767 188.533
BHEL 253.417 257.9333 262.45 261.11667 UP 265.633 268.817
HCLTECH 2006.53 2027.767 2049 2041.2333 UP 2062.47 2075.93
HINDALCO 146.833 151.2667 155.7 154.53333 UP 158.967 162.233
IDFC 166.067 168.1333 170.2 170.46667 DOWN 172.533 174.867
JINDALSTEL 137.867 168.8333 199.8 184.66667 UP 215.633 231.467
JSWSTEEL 948.867 999.4333 1050 1025.7167 UP 1076.28 1102.57
RCOM 67.4667 69.38333 71.3 71.616667 DOWN 73.5333 75.7667
SBIN 291.033 295.7667 300.5 301.53333 DOWN 306.267 312.033
SSLT 194.5 207.15 219.8 215.95 UP 228.6 237.4
TATAMOTORS 560.433 569.2167 578 580.88333 DOWN 589.667 601.333
TATASTEEL 362.633 369.0667 375.5 374.43333 UP 380.867 386.233
TECHM 2776.8 2803.4 2830 2851.7 DOWN 2878.3 2926.6
YESBANK 788.983 799.9667 810.95 813.58333 DOWN 824.567 838.183

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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