Nifty Pivot Points

Nifty Pivot Points

Sure, here are the Nifty pivot points for today, January 4, 2024, as calculated using the standard method:

• Pivot Point: 21,564.87

• Support Levels:

  • S1: 21,452.80

  • S2: 21,340.73

  • S3: 21,228.66

  • S4: 21,116.59

• Resistance Levels:

  • R1: 21,676.94

  • R2: 21,788.01

  • R3: 21,899.08

  • R4: 22,010.15

Pivot points are used by traders to identify potential support and resistance levels throughout the trading day. The pivot point is calculated based on the previous day's high, low, and closing prices. The support and resistance levels are then calculated as percentages of the pivot point.

Traders can use pivot points to:

• Identify potential entry and exit points for trades

• Set stop-loss and take-profit orders

• Gauge the overall sentiment of the market

It is important to note that pivot points are not foolproof and should not be used as the sole basis for trading decisions. Other factors, such as technical indicators and fundamental analysis, should also be considered.

https://drive.google.com/drive/folders/1FoP0Md6H08bIL9gbYYKqPPjerUI12gSN

https://bit.ly/48vdACe

https://docs.google.com/document/d/e/2PACX-1vQhYbyUaB2P_U9bTUhgZEs1QPU36oEJT0qi2rZwMN2gycTC-wXfU7yH2JPCnh9IEvwTHb1mPVzVpmvM/pub

https://bit.ly/3tJEOpV

https://docs.google.com/presentation/d/e/2PACX-1vSGXIU0iXWY_DRt-_2JDPyY3xzXXp3hB063vPNVZNx_enbe01MMEkL6ULnwpIVy1OatJk6mV84wVFRI/pub?start=false&loop=false&delayms=3000

https://bit.ly/3S3HqbE

https://sites.google.com/view/nifty-pivot-points/

https://bit.ly/3tCr3td

https://merchandise01.blogspot.com/2024/01/nifty-pivot-points.html

https://bit.ly/48GGAqM