DAILY STRATEGIES UPDATE
DATE-16-02-2017
www.beaanalyst.blogspot.com
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SELL BELOW 8738 WITH TARGET-8723/8705 AND STOP LOSS-8748, TRAILING STOP-8
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NIFTY50
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BUY ABOVE 8782 WITH TARGET-8797/8815 AND STOP
LOSS-8772, TRAILING STOP-8
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S3-8705
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S2-8723
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S1-8738
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LEVELS
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R1-8782
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R2-8797
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R3-8815
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SELL BELOW 20172 WITH TARGET-20125/20067 AND STOP
LOSS-20196, TRAILING STOP-24
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BANK
NIFTY
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BUY ABOVE 20311 WITH TARGET-20358/20416 AND STOP
LOSS-20287, TRAILING STOP-24
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S3-20067
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S2-20125
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S1-20172
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LEVELS
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R1-20311
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R2-20358
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R3-20416
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SELL BELOW 140.20 WITH TARGET-139.20/137.95 AND STOP
LOSS-140.70, TRAILING STOP-0.50
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PNB
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BUY ABOVE 143.25
WITH TARGET-144.25/145.50 AND STOP LOSS -142.75, TRAILING STOP-0.50
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S3-137.95
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S2-139.20
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S1-140.20
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LEVELS
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R1-143.25
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R2-144.25
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R3-145.50
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SELL BELOW 184.10 WITH TARGET -182.90/181.35 AND
STOP LOSS-184.75, TRAILING STOP-0.65
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HINDALCO
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BUY ABOVE 187.90 WITH TARGET-189.10/190.65 AND STOP
LOSS-187.25, TRAILING STOP-0.65
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S3-181.35
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S2-182.90
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S1-184.10
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LEVELS
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R1-187.90
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R2-189.10
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R3-190.65
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SELL BELOW 267.65 WITH TARGET-266.20/264.45 AND STOP
LOSS-268.35, TRAILING STOP-0.70
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SBIN
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BUY ABOVE 271.90 WITH TARGET-273.35/275.10 AND STOP
LOSS-271.20, TRAILING STOP-0.70
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S3-264.45
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S2-266.20
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S1-267.65
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LEVELS
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R1-271.90
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R2-273.35
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R3-275.10
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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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