The pivot point itself (PV) is the support / resistance primary. This means that major share price movements are marked by this level. Support and resistance can also generate more interesting movements around them.
The pivot points can be used for two purposes: either to identify the prevailing trend in the market or to denote market entry and exit points.
1) If the price set by the pivot point is broken in an upward motion, the market is bullish and, conversely, if the pivot point is broken in a downward motion, the market is bearish.

2) They can provide points of market entry and exit that can be quite useful for trading strategy. For example, a limit sell order can be placed on a level support for open if this support is broken and can put the stop loss for this order in one of the resistances.

Signal For 09 -13 July

Buy Long 79.07 with Take Profit at 80.06 and with Stop Loss at 78.80

____WEEKLY_____
Weekly - R3 = 80.85
Weekly - R2 = 84.47
Weekly - R1 = 80.06
Weekly Pivot = 79.68
Weekly - S1 = 79.27
Weekly - S2 = 78.89
Weekly - S3 = 78.48

____MONTHLY____
Monthly - R3 = 84.01
Monthly - R2 = 82.31
Monthly - R1 = 81.05
Monthly Pivot = 79.35
Monthly - S1 = 78.09
Monthly - S2 = 76.39
Monthly - S3 = 75.13

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