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Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Pivot point

Technical analysis
Also called: Pivot, Floor pivot

An intraday reference level equal to the average of the previous session’s high, low and close, from which the day’s support (S1–S3) and resistance (R1–R3) levels are derived.

In plain terms

Yesterday’s high, low and close, averaged, to mark today’s middle line. Price above it is read as bullish for the day, below it bearish.

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Indian stock market glossary · Market Vidyalaya