DAILY STRATEGIES
UPDATE DATE-20-02-2017
WWW.BEAANALYST.BLOGSPOT.COM
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SELL
BELOW 8826 WITH TARGET-8810/8790 AND STOP LOSS-8835, TRAILING STOP-8
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NIFTY50
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BUY
ABOVE 8874 WITH TARGET-8890/8910 AND STOP LOSS-8866, TRAILING STOP-8
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S3-8790
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S2-8810
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S1-8826
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LEVEL
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R1-8874
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R2-8890
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R3-8910
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SELL
BELOW 140.15 WITH TARGET-139.20/138 AND STOP LOSS-140.65, TRAILING STOP-0.50
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PNB
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BUY
ABOVE 143.05 WITH TARGET-144/145.20
AND STOP LOSS -142.55, TRAILING STOP-0.50
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S3-138
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S2-139.20
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S1-140.15
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LEVEL
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R1-143.05
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R2-144
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R3-145.20
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SELL
BELOW 184.30 WITH TARGET -183.10/181.50 AND STOP LOSS-183.70, TRAILING
STOP-0.60
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HINDALCO
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BUY
ABOVE 188 WITH TARGET-189.25/190.80 AND STOP LOSS-187.40, TRAILING STOP-0.60
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S3-181.50
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S2-183.10
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S1-184.30
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LEVEL
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R1-188
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R2-189.25
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R3-190.80
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SELL
BELOW 268.75 WITH TARGET-267.50/265.90 AND STOP LOSS-268.10, TRAILING STOP-0.65
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SBIN
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BUY
ABOVE 272.60 WITH TARGET-273.90/275.50 AND STOP LOSS-271.95, TRAILING STOP-0.65
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S3-265.90
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S2-267.50
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S1-268.75
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LEVEL
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R1-272.60
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R2-273.90
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R3-275.50
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NOTE: IF OPEN PRICE IS BELOW S1 THAN THE TRADE ARE NOT ACTIVE FOR
TRADE IN CASE OF SELL.
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NOTE: IF OPEN PRICE IS ABOVE S1 THAN THE TRADE ARE NOT ACTIVE FOR
TRADE IN CASE OF BUY.
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NSE:NIFTY Till date Nifty on wave 3 on larger degree of Elliot wave Explanations:- ** If we subdivided wave into shorter degree or in 5 wave its match with Fibonacci retrenchment levels in all subdivision of wave 1. ** On wave 2 which is a corrective wave also match with Elliot wave rules and its take corrections within 50% of wave 1. ** On wave 2 subdivision are also match with corrective wave patterns. ** Now comes to Wave 3 which is need to match with Elliot wave theory where Fibonacci levels should be 161.8% of wave 1 , which is 11340 approx. ** If the wave 3 subdivided into shorter wave degree, we can see the 5th wave is forming and it has to be within 1.236-1.618% of wave , equal to wave 1 or 61.8% of wave 1+3 . ** So now comes to conclusion on 5th wave * Either 1.236- 1.618% Fibonacci levels of wave 4 which is on 11630 approx * Or equal to wave 1 which is 12450 approx * Or 61.8% of wave 1+3 which is also near 12457 approx ** Now end re
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