mcx lead pivot level for jan 2016

mcx lead pivot level for jan 2016

mcx lead pivot point levels for January 2016

support and resistance Monthly technical levels
Resistance 2128
Resistance 1123.65
Month pivot point level115.4
Support 1110.9
Support 2102.65

for mcx lead tips by sms subscribe today for commodity calls pack . How to use Pivot points for practical trading ? If security trading above its pivot level then expect uptrend for period and expect resistance zones as upside target and reversal points on chart for that period. In this scenario stop loss must be below pivot level.   If security trading below its pivot level then it is in downtrend for that period and expect support zones as targets as well as reversal points for that period . Here stop loss for short positions will remain above pivot point level.   Entry should be near support or resistance for better risk and reward ratio. exit strategy will be at will or at target.

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