DAILY TRADING STRATEGIES UPDATE

DAILY STRATEGIES UPDATE DATE-16-02-2017 *www.beaanalyst.blogspot.com***
SELL BELOW 8738 WITH TARGET-8723/8705 AND STOP LOSS-8748, TRAILING STOP-8						NIFTY50		BUY ABOVE 8782 WITH TARGET-8797/8815 AND STOP LOSS-8772, TRAILING STOP-8
S3-8705	S2-8723			S1-8738		LEVELS		R1-8782	R2-8797		R3-8815
SELL BELOW 20172 WITH TARGET-20125/20067 AND STOP LOSS-20196, TRAILING STOP-24						BANK NIFTY		BUY ABOVE 20311 WITH TARGET-20358/20416 AND STOP LOSS-20287, TRAILING STOP-24
S3-20067	S2-20125			S1-20172		LEVELS		R1-20311	R2-20358		R3-20416
SELL BELOW 140.20 WITH TARGET-139.20/137.95 AND STOP LOSS-140.70, TRAILING STOP-0.50						PNB		BUY ABOVE 143.25 WITH TARGET-144.25/145.50 AND STOP LOSS -142.75, TRAILING STOP-0.50
S3-137.95		S2-139.20	S1-140.20			LEVELS		R1-143.25		R2-144.25	R3-145.50
SELL BELOW 184.10 WITH TARGET -182.90/181.35 AND STOP LOSS-184.75, TRAILING STOP-0.65						HINDALCO		BUY ABOVE 187.90 WITH TARGET-189.10/190.65 AND STOP LOSS-187.25, TRAILING STOP-0.65
S3-181.35		S2-182.90		S1-184.10		LEVELS		R1-187.90		R2-189.10	R3-190.65
SELL BELOW 267.65 WITH TARGET-266.20/264.45 AND STOP LOSS-268.35, TRAILING STOP-0.70						SBIN		BUY ABOVE 271.90 WITH TARGET-273.35/275.10 AND STOP LOSS-271.20, TRAILING STOP-0.70
S3-264.45		S2-266.20			S1-267.65	LEVELS		R1-271.90		R2-273.35	R3-275.10
NOTE: IF OPEN PRICE IS BELOW S1 THAN THE TRADE ARE NOT ACTIVE FOR TRADE IN CASE OF SELL.							NOTE: IF OPEN PRICE IS ABOVE S1 THAN THE TRADE ARE NOT ACTIVE FOR TRADE IN CASE OF BUY.

Comments

Nifty Elliot Wave theory explained with projection of wave 4

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 ...

Possible double top formation can be seen in the near term on LT

Larsen & Toubro Outlook: Possible double top formation can be seen in the near term on LT where 1st phase or 1st top already completed now all could do assumed that possible next top formation going to be happened within month. We can see that TOP-1 having a heavy selling pressure on 1200 level which is the previous top High and demand continued on 1100 level which is our possible neck line which is also shown strong support and continued decline on volume . In case of Possible TOP-2 which High (1195) is also within 3% compare to previous TOP-1 High (1225) because TOP-2 high within 3% so we must consider as a TOP-2. In case if all the possibilities are going to be happened our neck line should be on 1100 level with possible Targets are - 1050/1012/975 but Stop Loss is not still clear so we must wait for good stop area formation and neck line break.

TCS VS Trump

Tata Consultancy Service ltd price now on long term weekly daily support zone 2180 level and the price close below this price, if there any buy hold for some but if price below 2000 better to exit. Some rummer coming for few days if Trump win so he stop the out sourcing in that case if happen TCS will be biggest loser. so be aware with news and hold until break the 2000 level.

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