DAILY STRATEGIES
UPDATE DATE-17-02-2017
WWW.BEAANALYST.BLOGSPOT.COM
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SELL
BELOW 8732 WITH TARGET-8718/8702 AND STOP LOSS-8740, TRAILING STOP-7
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NIFTY50
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BUY
ABOVE 8772 WITH TARGET-8785/8802 AND STOP LOSS-8780, TRAILING STOP-7
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S3-8702
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S2-8718
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S1-8732
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LEVELS
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R1-8772
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R2-8785
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R3-8802
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SELL
BELOW 138.85 WITH TARGET-137.95/136.80 AND STOP LOSS-139.30, TRAILING STOP-0.45
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PNB
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BUY
ABOVE 141.55 WITH TARGET-142.45/143.60
AND STOP LOSS -141.10, TRAILING STOP-0.45
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S3-136.80
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S2-137.95
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S1-138.85
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LEVELS
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R1-141.55
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R2-142.45
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R3-143.60
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SELL
BELOW 183.75 WITH TARGET -182.60/181.10 AND STOP LOSS-184.35, TRAILING STOP-0.60
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HINDALCO
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BUY
ABOVE 187.30 WITH TARGET-188.50/189.95 AND STOP LOSS-186.70, TRAILING STOP-0.60
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S3-181.10
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S2-182.60
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S1-183.75
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LEVELS
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R1-187.30
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R2-188.50
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R3-189.95
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SELL
BELOW 271.30 WITH TARGET-269.95/268.25 AND STOP LOSS-270.60, TRAILING STOP-0.70
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SBIN
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BUY
ABOVE 275.35 WITH TARGET-276.70/278.40 AND STOP LOSS-274.65, TRAILING STOP-0.70
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S3-268.25
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S2-269.95
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S1-271.30
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LEVELS
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R1-275.35
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R2-276.70
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R3-278.40
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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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