Tuesday, February 24, 2015

Free Pivot Trading Strategies for 24-02-2015 - 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 532.817 540.5333 548.25 553.76667 DOWN 561.483 574.717
BANKBARODA 177.133 179.3167 181.5 182.68333 DOWN 184.867 188.233
BHEL 266.817 269.1333 271.45 273.06667 DOWN 275.383 279.317
HCLTECH 1912.8 1936.4 1960 1982.05 DOWN 2005.65 2051.3
HINDALCO 149.267 151.9333 154.6 156.86667 DOWN 159.533 164.467
IDFC 163.7 165.2 166.7 168.05 DOWN 169.55 172.4
JINDALSTEL 181.667 184.6833 187.7 189.46667 DOWN 192.483 197.267
JSWSTEEL 963.983 978.3167 992.65 1005.5833 DOWN 1019.92 1047.18
RCOM 67.4667 68.68333 69.9 70.516667 DOWN 71.7333 73.5667
SBIN 287.8 291.4 295 298 DOWN 301.6 308.2
SSLT 213.433 216.0667 218.7 220.48333 DOWN 223.117 227.533
TATAMOTORS 564.933 570.2167 575.5 577.33333 DOWN 582.617 589.733
TATASTEEL 357.3 361.5 365.7 369.2 DOWN 373.4 381.1
TECHM 2711.4 2740.2 2769 2791.1 DOWN 2819.9 2870.8
YESBANK 783.683 795.6667 807.65 818.73333 DOWN 830.717 853.783

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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