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
Stoploss of first support (S1).Mostly, First level(S1/R1) of daily 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 commodity,Its not differs from contract to contract.That s
purpose of Publishing all Contracts of NCDEX levels.
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.
Supports and Resistances are
more helpful for fixing NCDEX Target and Stop loss. For Target
in NCDEX Buying,Keep Target below Resistance level,In Selling Keep target
above Support level.
For Stop Loss Fixing in NCDEX, Buying in
NCDEX mean Keep Stop loss below Support level, Selling in
NCDEX mean keep Stop loss above Resistance.
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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