Thursday, May 7, 2015

Free Pivot Trading Strategies for 07-05-2015 - 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 319.4 325.0 330.5 334.6 DOWN 340.2 349.8
AXISBANK 525.3 534.2 543.0 550.0 DOWN 558.9 574.7
BANKBARODA 154.7 158.0 161.3 163.9 DOWN 167.2 173.1
BHEL 219.3 224.8 230.4 234.4 DOWN 240.0 249.6
BPCL 719.2 732.0 744.8 751.5 DOWN 764.3 783.8
HINDALCO 131.2 134.3 137.5 138.2 DOWN 141.3 145.1
IDFC 156.0 158.7 161.4 162.7 DOWN 165.4 169.4
JINDALSTEL 122.4 128.7 135.1 138.6 DOWN 144.9 154.8
JSWSTEEL 882.9 906.4 929.9 946.6 DOWN 970.1 1010.4
RCOM 58.1 60.6 63.1 65.0 DOWN 67.5 71.9
SBIN 257.2 261.6 265.9 267.6 DOWN 271.9 277.9
SSLT 208.5 214.5 220.4 221.9 DOWN 227.9 235.3
TATAMOTORS 488.7 494.4 500.0 501.4 DOWN 507.1 514.1
TATASTEEL 354.1 360.6 367.2 372.6 DOWN 379.1 391.1
YESBANK 793.1 806.2 819.3 830.1 DOWN 843.2 867.1
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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