Those who find it difficult to study technical chart they use pivot trading strategy to trade. It is used to find directional movement and support, resistance. Use our advanced pivot and camarilla levels calculator to find pivot and support and resistance of any stock to trade.
In pivot calculator enter previous day High, Low and Close price of any stock and calculate the pivot point and support S1, S2, resistance, R1, R2 for today. First find the opening nifty trend in SGX Nifty live chart page and then nifty technical trend for today. If nifty trend is positive then most stock will have bullish movement. After opening of market find which stock has same “open” and “low price”. That shows stock has not crossed its previous close price thus has bullish movement and then calculate support and resistance using pivot point calculator. If stock price is below R1 then keep stop loss @ S1, When that stock cross above (R1) in fig. keep R1 as support and make target as R2.
Similarly if Nifty trend is negative then find which stock has same “open and “high”. That shows stock has not crossed today’s high price thus has bearish movement and then calculate support and resistance using pivot point calculator. If stock price is above S1 then keep stop loss @ R1, When that stock cross below (S1) in fig. keep S1 as stop loss and make target as S2.