Pivot Points are technical price levels calculated from the previous session's high, low, and closing price — providing a set of support and resistance levels that many traders monitor simultaneously, making them self-fulfilling at key price junctures. The central pivot point (PP) is the average of the previous day's high, low, and close: PP = (High + Low + Close) ÷ 3. From this central pivot, a series of support levels (S1, S2, S3) below and resistance levels (R1, R2, R3) above are derived using fixed formulas. The central pivot separates the bullish territory (price above PP) from bearish territory (price below PP) for the session. Pivot Points are available in several variants — Standard, Fibonacci, Camarilla, and Woodie's — each using slightly different calculation methods. In Indian equity markets, Pivot Points are among the most widely used tools by intraday traders on Nifty 50, Bank Nifty, and individual large-cap stocks — many trading platforms including those of Indian brokers automatically plot daily pivot levels. The levels at R1, R2, S1, and S2 are particularly watched as potential profit targets and stop-loss reference points for intraday strategies.
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