Pivot Points: Meaning, Definition & Indian Stock Market Examples

Mathematical price levels calculated from prior day's OHLC — key S/R levels for intraday trading.

Disclaimer: This article is for educational purposes only and does not constitute SEBI-registered investment advice. Consult a SEBI-registered investment advisor before making investment decisions.

What is Pivot Points?

Pivot Points are calculated from the previous day's High, Low, and Close: Pivot (P) = (H+L+C)/3. From P, support levels (S1, S2, S3) and resistance levels (R1, R2, R3) are derived. They are among the most widely used intraday support and resistance references in Indian equity and F&O markets.

Pivot Points — Indian Stock Market Example

Nifty 50 and Bank Nifty pivot levels are broadcast on financial channels and trading platforms each morning before market open. Many institutional F&O traders structure day trades around pivots — buying near S1/S2, targeting P or R1. Nifty often respects weekly pivot levels for positional trades.

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Frequently Asked Questions about Pivot Points

What are the different types of pivot calculations?

Standard (Classic), Fibonacci, Camarilla, and Woodie's pivots are the main types. Standard pivots are most widely used in India. Camarilla pivots are popular for intraday scalping. Fibonacci pivots incorporate Fibonacci ratios. Most trading platforms offer all types in their charting tools.

Do pivot points work on all timeframes?

Daily pivots are used for intraday trading. Weekly pivots are used for swing trades. Monthly pivots serve positional traders. The most widely watched are daily pivots for Nifty and Bank Nifty, which get additional significance because so many market participants reference the same levels simultaneously.

Related Terms

Support Level

A price floor where buying demand historically stops a decline.

Resistance Level

A price ceiling where selling pressure historically halts an advance.

Fibonacci Retracement

Horizontal lines at key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%) marking potential support/resistance.

Candlestick Chart

OHLC price chart using candles — body shows open/close, wicks show high/low.

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