Thursday, February 26, 2015

Free Pivot Trading Strategies for 26-02-2015 - 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 544.733 547.8667 551 553.23333 DOWN 556.367 561.733
BANKBARODA 174.033 175.4667 176.9 177.68333 DOWN 179.117 181.333
BHEL 265.3 268.85 272.4 275.3 DOWN 278.85 285.3
HCLTECH 1960.33 1970.667 1981 1982.1333 DOWN 1992.47 2003.93
HINDALCO 150.583 152.1167 153.65 153.78333 DOWN 155.317 156.983
IDFC 166.85 167.95 169.05 169.45 DOWN 170.55 172.05
JINDALSTEL 178.5 180.75 183 184.25 DOWN 186.5 190
JSWSTEEL 967.867 981.3333 994.8 1008.1167 DOWN 1021.58 1048.37
RCOM 65.75 67.25 68.75 68.8 DOWN 70.3 71.85
SBIN 291.383 293.4167 295.45 297.03333 DOWN 299.067 302.683
SSLT 205.267 208.2833 211.3 212.01667 DOWN 215.033 218.767
TATAMOTORS 557 562 567 569 DOWN 574 581
TATASTEEL 340.583 345.7667 350.95 355.28333 DOWN 360.467 369.983
TECHM 2718.27 2740.133 2762 2774.0667 DOWN 2795.93 2829.87
YESBANK 781.533 787.7167 793.9 799.18333 DOWN 805.367 816.833

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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