Sunday, February 22, 2015

Free Pivot Trading Strategies for 23-02-2015 - 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 545.05 552.9 560.75 561.85 DOWN 569.7 578.65
BANKBARODA 171.95 177.8 183.65 182.35 UP 188.2 192.75
BHEL 257.8 266.9 276 271.6 UP 280.7 285.4
HCLTECH 1958.13 1979.067 2000 2017.0333 DOWN 2037.97 2075.93
HINDALCO 152.467 155.2333 158 157.96667 UP 160.733 163.467
IDFC 167.05 168.15 169.25 170.2 DOWN 171.3 173.35
JINDALSTEL 173.2 183.6 194 195.8 DOWN 206.2 218.4
JSWSTEEL 996.4 1010.2 1024 1034.15 DOWN 1047.95 1071.9
RCOM 70.0833 71.06667 72.05 72.083333 DOWN 73.0667 74.0833
SBIN 292.467 297.3333 302.2 301.91667 UP 306.783 311.367
SSLT 210.467 213.2833 216.1 218.16667 DOWN 220.983 225.867
TATAMOTORS 566.333 573.1667 580 579.08333 UP 585.917 591.833
TATASTEEL 367.433 370.7167 374 376.28333 DOWN 379.567 385.133
TECHM 2779.1 2796.05 2813 2811.2 UP 2828.15 2843.3
YESBANK 794 812 830 822 UP 840 850

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