๐ Previous Day Price Inputs
Support & Resistance Levels
Pivot Point Formulas & Intraday Trading Guide
Standard (Floor) Pivot
P = (High + Low + Close) / 3
R1 = 2P - Low | S1 = 2P - High
R2 = P + (High - Low) | S2 = P - (High - Low)
Fibonacci Pivot
P = (High + Low + Close) / 3
R1 = P + 0.382 ร (High - Low)
R2 = P + 0.618 ร (High - Low)
๐ก Pro Hack: Narrow CPR Breakout
When the distance between Top Central (TC) and Bottom Central (BC) pivot is extremely narrow, it signals an explosive trending day in Nifty or BankNifty. Look for opening range breakouts above TC or below BC.
โก Importance of Camarilla H3/L3
Camarilla H3 and L3 act as strong mean-reversion boundary zones. Buying near L3 or shorting near H3 provides high-probability range-bound intraday setups.
๐ก๏ธ Institutional Alignment
Unlike lagging moving averages, pivot points are calculated before the market opens. Institutional algorithmic execution algorithms use these exact levels to place block orders.
Pivot Point Methods Feature Comparison
| Method | Best Used For | Key Support/Resistance | Trading Style |
|---|---|---|---|
| Standard Floor | General Equities & Index | R1, R2, S1, S2 | Swing & Day Trading |
| Fibonacci | Trending Markets | 38.2%, 61.8% R/S | Trend Following |
| Camarilla | Intraday Mean Reversal & Breakout | H3, L3 (Reversal) / H4, L4 (Breakout) | High-Frequency Scalping |
| Woodie | Opening Momentum | P = (H+L+2O)/4 | Opening Bell Intraday |
โ ๏ธ 3 Common Pitfalls in Pivot Point Trading
- โข Trading Pivots in Isolation: Never buy at S1 or sell at R1 without confirming volume, candlestick patterns, or broader market trend direction.
- โข Placing Stop Losses Right at Pivot Lines: Market makers often sweep liquidity right beyond pivot levels. Place stop losses slightly beyond the level.
- โข Using Weekly Pivots for 1-Minute Scalping: Match your pivot timeframe with your trading horizon. Use daily pivots for intraday 5-min charts.
Frequently Asked Questions
What is a Pivot Point in Stock Trading?
How is the Standard Pivot Point calculated?
What is the Camarilla Pivot Point method?
What is the Fibonacci Pivot Point method?
How to trade using Pivot Points in Nifty & BankNifty?
Which timeframe is best for Pivot Points?
What is CPR (Central Pivot Range)?
Can I use today's open price in Woodie Pivot calculation?
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