DAILY STRATEGIES
UPDATE DATE-21-02-2017
WWW.BEAANALYST.BLOGSPOT.COM
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SELL
BELOW 8823 WITH TARGET-8807/8787 AND STOP LOSS-8833, TRAILING STOP-8
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NIFTY50
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BUY
ABOVE 8872 WITH TARGET-8888/8908 AND STOP LOSS-8862, TRAILING STOP-8
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S3-8787
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S2-8807
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S1-8823
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LEVELS
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R1-8872
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R2-8888
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R3-8908
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SELL
BELOW 140.10 WITH TARGET-139.25/138.20 AND STOP LOSS-139.65, TRAILING STOP-0.45
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PNB
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BUY
ABOVE 142.70 WITH TARGET-143.70/144.70
AND STOP LOSS -142.25, TRAILING STOP-0.45
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S3-138.20
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S2-139.25
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S1-140.10
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LEVELS
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R1-142.70
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R2-143.70
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R3-144.70
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SELL
BELOW 181 WITH TARGET -179.75/178.25 AND STOP LOSS-180.40, TRAILING STOP-0.60
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HINDALCO
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BUY
ABOVE 184.65 WITH TARGET-185.90/187.40 AND STOP LOSS-184.05, TRAILING STOP-0.60
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S3-178.25
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S2-179.75
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S1-181
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LEVELS
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R1-184.65
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R2-185.90
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R3-187.40
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SELL
BELOW 268.10 WITH TARGET-267/265.65 AND STOP LOSS-267.55, TRAILING STOP-0.55
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SBIN
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BUY
ABOVE 271.40 WITH TARGET-272.50/273.90 AND STOP LOSS-270.85, TRAILING STOP-0.55
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S3-265.65
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S2-267
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S1-268.10
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LEVELS
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R1-271.40
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R2-272.50
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R3-273.90
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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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