# How Nifty is trading in 2023 respective to yearly pivots?

Pivot points are simple mathematical formula for calculating support and resistance in future…

For the year 2022…
Nifty opened @ 17387.15, made high of 18887.6, made low of 15183.40 and closed @ 18105.30
closing the year with +751.25 points gain …i.e Nifty gave +4.33% return on 2022

Open=17387.15
High=18887.6
Low=15183.4
Close=18,105.30

Calculating the support and resitance for 2023 based on OHLC values of 2022

Yearly pivot point(YPP) = (High+Low+Close)/3
YPP = (18887.6+15183.40+18105.30)/3 = 17392
YBP = ( High+low )/2 = (18887.6+15183.4)/2 = 17036
YTP = 2YPP - YBP = 217392 - 17036 = 17748

Just like for intraday’s daily CPR let’s say the above calculations( YTP, YPP, YBP) is yearly CPR

As Nifty closed the year 2022 @ 18,105.30 above yearly CPR (YTP,YPP,YBP) for 2023, the yearly CPR likely to act as support

i.e 17036-17748 to act as support ,by the mid of March 2023 Nifty reached YBP 17036 and took support

If the yearly CPR for 2023 is higher than yearly CPR of 2022 than it is considered bullish

Now,
Camarilla Reversal levels(Pivots)

YL3 = Close - (High-Low)*1.1/4
= 18,105.30 +( 18887.6 - 15183.4 )*1.1/4
=17086
YL3 = 17086( From here nifty took support by mid of march 2023)

YH3 = Close +( High - Low )*1.1/4
= 18105.30+( 18887.60 - 15183.40 ) *1.1/4
= 19124

YH3 = 19124

Nifty reached 19124 this week YH3(19124)

In 2022 Nifty reversed from YH3(18731) which was apprx to all time new high 18887

Below is Weekly Chart of Nifty with Yearly Pivots (Yearly CPR and Yearly Camarilla Reversal levels)

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Thanks for this useful info, @Apu Keeping sharing such valuable stuff regularly 1 Like