Tuesday, February 24, 2015

Free Pivot Trading Strategies for 25-02-2015 - 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 536.033 543.7667 551.5 549.73333 UP 557.467 563.433
BANKBARODA 171.65 174.15 176.65 178.05 DOWN 180.55 184.45
BHEL 267.633 272.5167 277.4 275.93333 UP 280.817 284.233
HCLTECH 1933.58 1954.667 1975.75 1976.7333 DOWN 1997.82 2019.88
HINDALCO 148.617 151.3333 154.05 154.11667 DOWN 156.833 159.617
IDFC 165.25 166.6 167.95 167.8 UP 169.15 170.35
JINDALSTEL 173.833 177.4167 181 184.08333 DOWN 187.667 194.333
JSWSTEEL 961.733 993.3667 1025 1013.0833 UP 1044.72 1064.43
RCOM 67.2833 68.26667 69.25 69.383333 DOWN 70.3667 71.4833
SBIN 288.9 292.6 296.3 295.8 UP 299.5 302.7
SSLT 204.867 208.2833 211.7 213.91667 DOWN 217.333 222.967
TATAMOTORS 549.933 557.9667 566 567.98333 DOWN 576.017 586.033
TATASTEEL 349.1 353.8 358.5 361.9 DOWN 366.6 374.7
TECHM 2768.3 2782.65 2797 2795.35 UP 2809.7 2822.4
YESBANK 785.15 792.3 799.45 802.15 DOWN 809.3 819.15

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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