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.
Commodity
|
Contract
|
S3
|
S2
|
S1
|
PP
|
R1
|
R2
|
R3
|
Barley
|
20-Jun-19
|
1791.3
|
1796.2
|
1800.8
|
1805.7
|
1810.3
|
1815.2
|
1819.8
|
Castorseed
|
20-Jun-19
|
4992.7
|
5061.3
|
5164.7
|
5233.3
|
5336.7
|
5405.3
|
5508.7
|
Chana
|
20-Jun-19
|
4202.7
|
4259.3
|
4322.7
|
4379.3
|
4442.7
|
4499.3
|
4562.7
|
Cocud
|
20-Jun-19
|
2532.0
|
2576.0
|
2636.0
|
2680.0
|
2740.0
|
2784.0
|
2844.0
|
Coriander
|
20-Jun-19
|
6444.3
|
6551.7
|
6735.3
|
6842.7
|
7026.3
|
7133.7
|
7317.3
|
Gur
|
20-Jun-19
|
8179.0
|
8233.0
|
8322.0
|
8376.0
|
8465.0
|
8519.0
|
8608.0
|
Guar Seed
|
20-Jun-19
|
4010.3
|
4045.7
|
4099.3
|
4134.7
|
4188.3
|
4223.7
|
4277.3
|
Jeera
|
20-Jun-19
|
17213.3
|
17306.7
|
17453.3
|
17546.7
|
17693.3
|
17786.7
|
17933.3
|
Kapas
|
30-Apr-20
|
1105.5
|
1109.0
|
1114.0
|
1117.5
|
1122.5
|
1126.0
|
1131.0
|
Maize
|
20-Jun-19
|
1755.3
|
1762.7
|
1773.3
|
1780.7
|
1791.3
|
1798.7
|
1809.3
|
RM Seed
|
20-Jun-19
|
3828.7
|
3842.3
|
3867.7
|
3881.3
|
3906.7
|
3920.3
|
3945.7
|
Soyabean
|
20-Jun-19
|
3546.3
|
3570.7
|
3590.3
|
3614.7
|
3634.3
|
3658.7
|
3678.3
|
Soyaoil
|
20-Jun-19
|
738.8
|
740.9
|
743.6
|
745.7
|
748.4
|
750.5
|
753.2
|
Turmeric
|
20-Jun-19
|
6508.7
|
6585.3
|
6656.7
|
6733.3
|
6804.7
|
6881.3
|
6952.7
|
Wheat
|
20-Jun-19
|
1904.7
|
1918.3
|
1932.7
|
1946.3
|
1960.7
|
1974.3
|
1988.7
|
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