Pivot Trading Strategies
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.
• 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.
| February Index Futures | S2 | S1 | Close | Pivot | Trend | R1 | R2 |
| BANKNIFTY | 10113.03 | 10267.92 | 10422.80 | 10533.93 | DOWN | 10688.82 | 10954.83 |
| NIFTY | 5226.97 | 5306.98 | 5387.00 | 5436.52 | DOWN | 5516.53 | 5646.07 |
| MINIFTY | 5226.60 | 5308.20 | 5389.80 | 5436.60 | DOWN | 5518.20 | 5646.60 |
| CNXIT | 6709.92 | 6784.83 | 6859.75 | 6904.92 | DOWN | 6979.83 | 7099.92 |
| NFTYMCAP50 | 2498.67 | 2516.33 | 2534.00 | 2551.67 | DOWN | 2569.33 | 2604.67 |
| Stocks | S2 | S1 | Close | Pivot | Trend | R1 | R2 |
| WIPRO | 423.30 | 430.65 | 438.00 | 437.35 | UP | 444.70 | 451.40 |
| GLAXO | 2144.10 | 2192.05 | 2240.00 | 2225.95 | UP | 2273.90 | 2307.80 |
| MRPL | 65.80 | 66.90 | 68.00 | 67.90 | UP | 69.00 | 70.00 |
| ABIRLANUVO | 749.13 | 760.57 | 772.00 | 771.78 | UP | 783.22 | 794.43 |
| SRTRANSFIN | 661.83 | 670.42 | 679.00 | 677.58 | UP | 686.17 | 693.33 |
| ASIANPAINT | 2425.47 | 2457.73 | 2490.00 | 2482.32 | UP | 2514.58 | 2539.17 |
| UNIONBANK | 325.43 | 330.17 | 334.90 | 332.58 | UP | 337.32 | 339.73 |
| GMRINFRA | 35.07 | 36.83 | 38.60 | 39.92 | DOWN | 41.68 | 44.77 |
| SYNDIBANK | 100.33 | 103.92 | 107.50 | 110.68 | DOWN | 114.27 | 121.03 |
| SUNPHARMA | 387.43 | 399.72 | 412.00 | 423.28 | DOWN | 435.57 | 459.13 |
| IBREALEST | 109.40 | 112.60 | 115.80 | 118.25 | DOWN | 121.45 | 127.10 |
| LICHSGFIN | 166.88 | 171.57 | 176.25 | 179.68 | DOWN | 184.37 | 192.48 |
| HINDALCO | 223.82 | 229.78 | 235.75 | 240.52 | DOWN | 246.48 | 257.22 |
| MCDOWELL-N | 1091.05 | 1121.20 | 1151.35 | 1172.45 | DOWN | 1202.60 | 1253.85 |
| SUZLON | 45.45 | 46.60 | 47.75 | 48.70 | DOWN | 49.85 | 51.95 |
| PUNJLLOYD | 84.97 | 87.08 | 89.20 | 90.97 | DOWN | 93.08 | 96.97 |
| KOTAKBANK | 341.05 | 350.40 | 359.75 | 365.70 | DOWN | 375.05 | 390.35 |
| IOB | 117.87 | 120.43 | 123.00 | 125.32 | DOWN | 127.88 | 132.77 |
| RPOWER | 122.98 | 125.67 | 128.35 | 130.73 | DOWN | 133.42 | 138.48 |
| TECHM | 601.05 | 613.90 | 626.75 | 638.45 | DOWN | 651.30 | 675.85 |
| February Stock Futures | S2 | S1 | Close | Pivot | Trend | R1 | R2 |
| JISLJALEQS | 167.67 | 180.18 | 192.70 | 188.47 | UP | 200.98 | 209.27 |
| SKUMARSYNF | 63.68 | 66.17 | 68.65 | 68.53 | UP | 71.02 | 73.38 |
| WELCORP | 148.23 | 153.72 | 159.20 | 158.08 | UP | 163.57 | 167.93 |
| POLARIS | 180.08 | 185.97 | 191.85 | 190.73 | UP | 196.62 | 201.38 |
| DIVISLAB | 624.50 | 641.25 | 658.00 | 652.75 | UP | 669.50 | 681.00 |
| AUROPHARMA | 1145.85 | 1163.75 | 1181.65 | 1180.40 | UP | 1198.30 | 1214.95 |
| GLAXO | 2160.88 | 2203.82 | 2246.75 | 2226.93 | UP | 2269.87 | 2292.98 |
| OIL | 1295.35 | 1302.40 | 1309.45 | 1307.15 | UP | 1314.20 | 1318.95 |
| KFA | 40.83 | 42.82 | 44.80 | 46.43 | DOWN | 48.42 | 52.03 |
| SUNTV | 418.48 | 442.12 | 465.75 | 475.68 | DOWN | 499.32 | 532.88 |
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.
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.
Post a Comment