Points To Remember when using Pivot levels
Three most important pivot levels are
Pivot point -P
First Resistance-R1
First Support-S1.
In any NCDEX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level and keeping Stop loss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be reached.
First Fundamental Of Pivot Trading after the opening range (first 15-30 min. to one hour), if price is above/below the Pivot, Price Action will strongly tend to remain above/below the Pivot for the session.
In daily(Intraday) Pivot levels are useful when NCDEX market trading in New Range/Levels.Weekly Pivot levels more likely to useful for Trend Reversal/Breakout points.When NCDEX Market in trading downwards,weekly Pivot levels may give prediciton of Market s downside point/Support/Trend reversal point.
Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support and Resistance level are 60-80 % merely correlate with Historical support and resistance.
Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support and Resistance level are 60-80 % merely correlate with Historical support and resistance.
reversal point.
NCDEX Commodities Weekly Pivot Supports and Resistances for July'1-5''2019
Commodity
|
Contract
|
S3
|
S2
|
S1
|
PP
|
R1
|
R2
|
R3
|
Barley
|
19-Jul-19
|
1770.0
|
1788.5
|
1803.0
|
1821.5
|
1836.0
|
1854.5
|
1869.0
|
Castorseed
|
19-Jul-19
|
5216.0
|
5296.0
|
5390.0
|
5470.0
|
5564.0
|
5644.0
|
5738.0
|
Chana
|
19-Jul-19
|
4053.3
|
4116.7
|
4169.3
|
4232.7
|
4285.3
|
4348.7
|
4401.3
|
Cocud
|
19-Jul-19
|
2491.5
|
2574.0
|
2675.0
|
2757.5
|
2858.5
|
2941.0
|
3042.0
|
Coriander
|
19-Jul-19
|
6605.7
|
6691.3
|
6787.7
|
6873.3
|
6969.7
|
7055.3
|
7151.7
|
Gur
|
19-Jul-19
|
7920.3
|
8112.7
|
8215.3
|
8407.7
|
8510.3
|
8702.7
|
8805.3
|
Guar Seed
|
19-Jul-19
|
4027.7
|
4089.8
|
4136.7
|
4198.8
|
4245.7
|
4307.8
|
4354.7
|
Jeera
|
19-Jul-19
|
16630.0
|
16825.0
|
16995.0
|
17190.0
|
17360.0
|
17555.0
|
17725.0
|
Kapas
|
30-Apr-20
|
1077.7
|
1093.3
|
1103.2
|
1118.8
|
1128.7
|
1144.3
|
1154.2
|
Maize
|
19-Jul-19
|
1899.7
|
1947.3
|
2042.7
|
2090.3
|
2185.7
|
2233.3
|
2328.7
|
RM Seed
|
19-Jul-19
|
3827.0
|
3861.0
|
3901.0
|
3935.0
|
3975.0
|
4009.0
|
4049.0
|
Soyabean
|
19-Jul-19
|
3505.0
|
3546.0
|
3610.0
|
3651.0
|
3715.0
|
3756.0
|
3820.0
|
Soyaoil
|
19-Jul-19
|
728.2
|
732.2
|
739.0
|
743.0
|
749.8
|
753.8
|
760.6
|
Turmeric
|
19-Jul-19
|
5971.3
|
6100.7
|
6221.3
|
6350.7
|
6471.3
|
6600.7
|
6721.3
|
Wheat
|
19-Jul-19
|
1930.7
|
1943.3
|
1959.7
|
1972.3
|
1988.7
|
2001.3
|
2017.7
|
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