How to calculate Nifty support and resistance levels

S

sr114

Well-Known Member
#2
#2
download any pivot point calculator and feed the high, low, close in it . it will show the resistence and support of the index/stock. also you can find it from the forum/ posting of jaymitali.
 
S

sr114

Well-Known Member
#3
#3
R3 = H + 2 * ( PP – L )

R2 = PP + ( H – L ) or PP + ( R1 – S1 )

R1 = ( PP * 2 ) – L

Pivot Point (PP) = ( H + L + C ) / 3

S1 = ( PP * 2 ) - H

S2 = PP – ( H – L ) or PP– ( R1 – S1 )

S3 = L – { 2 * ( H – PP )

Hope that it will be useful for you.
 
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