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 Weekly Pivot Supports and Resistances for May'27-31''2019
Commodity
|
Contract
|
S3
|
S2
|
S1
|
PP
|
R1
|
R2
|
R3
|
Barley
|
20-Jun-19
|
1786.7
|
1805.8
|
1816.7
|
1835.8
|
1846.7
|
1865.8
|
1876.7
|
Castorseed
|
20-Jun-19
|
5560.0
|
5638.0
|
5720.0
|
5798.0
|
5880.0
|
5958.0
|
6040.0
|
Chana
|
20-Jun-19
|
4433.0
|
4519.0
|
4573.0
|
4659.0
|
4713.0
|
4799.0
|
4853.0
|
Cocud
|
20-Jun-19
|
2540.8
|
2587.2
|
2679.8
|
2726.2
|
2818.8
|
2865.2
|
2957.8
|
Coriander
|
20-Jun-19
|
7215.3
|
7340.7
|
7437.3
|
7562.7
|
7659.3
|
7784.7
|
7881.3
|
Gur
|
20-Jun-19
|
8455.7
|
8573.3
|
8714.7
|
8832.3
|
8973.7
|
9091.3
|
9232.7
|
Guar Seed
|
20-Jun-19
|
4203.7
|
4264.3
|
4341.7
|
4402.3
|
4479.7
|
4540.3
|
4617.7
|
Jeera
|
20-Jun-19
|
16836.7
|
17093.3
|
17401.7
|
17658.3
|
17966.7
|
18223.3
|
18531.7
|
Kapas
|
30-Apr-20
|
1121.8
|
1128.7
|
1140.3
|
1147.2
|
1158.8
|
1165.7
|
1177.3
|
Maize
|
20-Jun-19
|
1829.3
|
1863.7
|
1882.3
|
1916.7
|
1935.3
|
1969.7
|
1988.3
|
RM Seed
|
20-Jun-19
|
3803.7
|
3840.3
|
3888.7
|
3925.3
|
3973.7
|
4010.3
|
4058.7
|
Soyabean
|
20-Jun-19
|
3590.3
|
3622.7
|
3679.3
|
3711.7
|
3768.3
|
3800.7
|
3857.3
|
Soyaoil
|
20-Jun-19
|
729.1
|
732.4
|
738.4
|
741.7
|
747.7
|
751.0
|
757.0
|
Turmeric
|
20-Jun-19
|
6614.7
|
6823.3
|
6942.7
|
7151.3
|
7270.7
|
7479.3
|
7598.7
|
Wheat
|
20-Jun-19
|
1860.3
|
1902.7
|
1926.3
|
1968.7
|
1992.3
|
2034.7
|
2058.3
|
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