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 June'24-28''2019
Commodity
|
Contract
|
S3
|
S2
|
S1
|
PP
|
R1
|
R2
|
R3
|
Barley
|
19-Jul-19
|
1784.8
|
1803.2
|
1820.3
|
1838.7
|
1855.8
|
1874.2
|
1891.3
|
Castorseed
|
19-Jul-19
|
5176.7
|
5239.3
|
5312.7
|
5375.3
|
5448.7
|
5511.3
|
5584.7
|
Chana
|
19-Jul-19
|
3901.3
|
4041.7
|
4144.3
|
4284.7
|
4387.3
|
4527.7
|
4630.3
|
Cocud
|
19-Jul-19
|
2638.0
|
2711.5
|
2778.0
|
2851.5
|
2918.0
|
2991.5
|
3058.0
|
Coriander
|
19-Jul-19
|
6459.0
|
6631.0
|
6795.0
|
6967.0
|
7131.0
|
7303.0
|
7467.0
|
Gur
|
19-Jul-19
|
8194.0
|
8320.0
|
8428.0
|
8554.0
|
8662.0
|
8788.0
|
8896.0
|
Guar Seed
|
19-Jul-19
|
4062.7
|
4131.3
|
4186.7
|
4255.3
|
4310.7
|
4379.3
|
4434.7
|
Jeera
|
19-Jul-19
|
16843.3
|
17001.7
|
17158.3
|
17316.7
|
17473.3
|
17631.7
|
17788.3
|
Kapas
|
30-Apr-20
|
1107.7
|
1118.3
|
1127.2
|
1137.8
|
1146.7
|
1157.3
|
1166.2
|
Maize
|
19-Jul-19
|
1785.3
|
1831.7
|
1914.3
|
1960.7
|
2043.3
|
2089.7
|
2172.3
|
RM Seed
|
19-Jul-19
|
3825.7
|
3859.3
|
3891.7
|
3925.3
|
3957.7
|
3991.3
|
4023.7
|
Soyabean
|
19-Jul-19
|
3340.7
|
3450.3
|
3530.7
|
3640.3
|
3720.7
|
3830.3
|
3910.7
|
Soyaoil
|
19-Jul-19
|
728.6
|
732.6
|
735.9
|
740.0
|
743.3
|
747.3
|
750.6
|
Turmeric
|
19-Jul-19
|
5790.7
|
6047.3
|
6186.7
|
6443.3
|
6582.7
|
6839.3
|
6978.7
|
Wheat
|
19-Jul-19
|
1946.0
|
1953.0
|
1963.0
|
1970.0
|
1980.0
|
1987.0
|
1997.0
|
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