Pivot Point Technical Analysis Calculator
Calculate key intraday technical support (S1, S2, S3) and resistance (R1, R2, R3) pivot levels based on previous day high, low, and closing prices.
Formula & Methodology
Pivot (P) = (High + Low + Close) / 3HighHighest traded price of prior session.
LowLowest traded price of prior session.
CloseFinal settlement closing price.
Practical Worked Example
Calculate intraday pivot levels for Nifty stock with High = Rs 2,540, Low = Rs 2,480, Close = Rs 2,520.
Interpretation & Industry Benchmarks
Floor pivots are calculated before market open and remain static throughout the trading day.
Favor long positions when price is above central pivot.
Industry Nuance: Widely used by day traders and automated algorithmic market makers in equity and futures markets.
Analytical Limitations
- Technical analysis indicator based on historical price action; does not predict breaking news events.
Frequently Asked Questions
What is a Pivot Point?
A pivot point is a technical analysis indicator used to determine the overall trend of the market over different time frames, calculating key support and resistance levels.