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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Hindalco is trading almost near life time high where we can see a Doji and Doji star formation with a confirmation candle, Doji and Doji Star are completely a reversal signal for short period of time and voulme also decline for past two weeks (low demand on top). If stock open on Monday near Friday close or below and able to break 213.25, this reversal trend will continued, Try to apply this strategy with volume below 213.25 and immediate support levels are on 210.35/207.30 and strong support 205.20 level and resistance levels are 216/220.20/224.80
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