tag:blogger.com,1999:blog-17577773996087989032011-11-27T16:05:26.302-08:00Learn how to calculate pivot points with example in excel. Pivot levels for Nifty intraday trading.Pinoreply@blogger.comBlogger21100tag:blogger.com,1999:blog-1757777399608798903.post-16932674216814394692009-03-31T18:33:00.000-07:002009-04-09T05:08:11.764-07:00<div xmlns="http://www.w3.org/1999/xhtml" style="text-align: justify;">Well you dont need to calculate it yourself now. I have added this widget in the column on right.It shows <b>End of Day </b>Auto updated Nifty pivot point levels everyday.</div><div xmlns="http://www.w3.org/1999/xhtml" style="text-align: justify;"><br /></div><div xmlns="http://www.w3.org/1999/xhtml" style="text-align: justify;">Simply use these levels in your trading. If you would like to calculate the levels yourself refer to my <a href="http://niftypivotpoints.blogspot.com/2009/03/how-to-calculate-nifty-pivot-points.html"><b>article</b></a> below.</div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1757777399608798903-1693267421681439469?l=niftypivotpoints.blogspot.com' alt='' /></div>Pinoreply@blogger.com1tag:blogger.com,1999:blog-1757777399608798903.post-68307301708939731942009-03-29T10:21:00.000-07:002009-04-09T05:06:05.228-07:00<div style="text-align: justify;"><b><br /></b></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-weight: bold; ">Method to Calculate Pivot levels for a day</span></div><div style="text-align: justify;"><b><br /></b></div><div style="text-align: justify;"><b><span class="Apple-style-span" style="font-weight: normal;">First download this software from <a href="http://www.ziddu.com/download/4097776/PivotCalculator.zip.html"><b>here</b></a> for calculating pivot levels<span class="Apple-style-span" style="font-weight: bold; ">. <span class="Apple-style-span" style="font-weight: normal; ">You will need data for yesterday's High,Low &amp; Close for Nifty to be able to calculate. You can <b><a href="http://nseindia.com/content/indices/ind_histvalues.htm">get that here</a>.</b></span></span></span></b></div><div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Just put in the data in the software &amp; it will generate the levels for you. Infact the formula for calculating pivot levels is very easy. You can do it yourself if you want to. Here's how to do the same.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Pivot point = (High+Low+Close)/3</div><div style="text-align: justify;">Range = High-Low</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Support 1 = 2*Pivot Point - High</div><div style="text-align: justify;">Support 2 = Pivot Point - Range</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Resistance 1 = 2*Pivot Point -Low</div><div style="text-align: justify;">Resistance 2 = Pivot Point + Range</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">I will soon write a post on how to use pivot points to trade intraday. In the meantime you could also look at how to calculate RSI for Nifty &amp; to use the same to generate trading signals - <a href="http://niftyrsi.blogspot.com/"><b>http://niftyrsi.blogspot.com</b></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Also have a look at the best chart setup to trade Nifty/Stock Futures Intraday - <b><a href="http://niftyintradaytrading.blogspot.com/" style="text-decoration: none;">http://niftyintradaytrading.blogspot.com/</a></b></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1757777399608798903-6830730170893973194?l=niftypivotpoints.blogspot.com' alt='' /></div>Pinoreply@blogger.com5