The pivot point is the level at which the market direction changes for the day. Using some simple arithmetic and the previous days high, low and close, a series of points are derived. These points can be critical support and resistance levels.
Here is an Online Calculator Where you can compute the pivot points just
by entering yesterday’s High , Low and close of any indices or Stocks values
And here is a lesson about How to trade Pivot Points . Useful one!!![wp_ad_camp_5]