Sunday, March 29, 2015

Free Pivot Trading Strategies for 30-03-2015 - 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
ADANIPORTS
290.3
297.6
304.9
302.7
UP
310.0
315.1
AXISBANK
516.3
531.6
547.0
541.4
UP
556.8
566.6
BANKBARODA
152.0
156.3
160.7
159.7
UP
164.0
167.4
BHEL
222.5
227.6
232.65
233.1
DOWN
238.1
243.6
BPCL
725.5
736.8
748
753.8
DOWN
765.0
782.0
HINDALCO
128.4
131.2
134.0
132.8
UP
135.6
137.2
IDFC
157.3
163.0
168.8
166.0
UP
171.8
174.8
JINDALSTEL
151.6
154.3
156.95
157.1
DOWN
159.8
162.6
JSWSTEEL
874.4
894.7
915.0
906.9
UP
927.2
939.3
RCOM
54.0
56.2
58.3
58.9
DOWN
61.0
63.7
SBIN
252.8
258.5
264.2
261.7
UP
267.4
270.7
SSLT
179.7
184.3
188.9
188.3
UP
192.9
197.0
TATAMOTORS
511.3
523.2
535.0
530.0
UP
541.8
548.6
TATASTEEL
307.0
310.9
314.85
315.1
DOWN
319.1
323.3
YESBANK
769.0
793.5
818.1
807.8
UP
832.3
846.6


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. 

Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG

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