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 &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 NCDEX,If Running/Current contract of a commodity not trading specified range/limit,lets use Next contract levels because Support/Resistance s are same for one commots of NCDEX levels.
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 Intraday Pivot Supports and Resistances for 08.05.2019
| |||||||
Commodity
|
S3
|
S2
|
S1
|
PP
|
R1
|
R2
|
R3
|
Barley
|
1873.7
|
1884.3
|
1890.7
|
1901.3
|
1907.7
|
1918.3
|
1924.7
|
Castorseed
|
5444.7
|
5527.3
|
5602.7
|
5685.3
|
5760.7
|
5843.3
|
5918.7
|
Chana
|
4266.3
|
4285.7
|
4302.3
|
4321.7
|
4338.3
|
4357.7
|
4374.3
|
Cocud
|
2512.3
|
2526.2
|
2539.3
|
2553.2
|
2566.3
|
2580.2
|
2593.3
|
Coriander
|
6833.3
|
6942.7
|
7079.3
|
7188.7
|
7325.3
|
7434.7
|
7571.3
|
Gur
|
8756.0
|
8808.0
|
8846.0
|
8898.0
|
8936.0
|
8988.0
|
9026.0
|
Jeera
|
16773.3
|
16826.7
|
16873.3
|
16926.7
|
16973.3
|
17026.7
|
17073.3
|
Maize
|
1845.3
|
1851.7
|
1857.3
|
1863.7
|
1869.3
|
1875.7
|
1881.3
|
RM Seed
|
3733.3
|
3744.7
|
3754.3
|
3765.7
|
3775.3
|
3786.7
|
3796.3
|
Soyabean
|
3609.0
|
3618.0
|
3633.0
|
3642.0
|
3657.0
|
3666.0
|
3681.0
|
Soyaoil
|
727.6
|
730.1
|
733.0
|
735.4
|
738.3
|
740.8
|
743.7
|
Turmeric
|
6328.0
|
6364.0
|
6392.0
|
6428.0
|
6456.0
|
6492.0
|
6520.0
|
Wheat
|
1894.3
|
1898.7
|
1906.3
|
1910.7
|
1918.3
|
1922.7
|
1930.3
|
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