Important stocks and their price levels

Dt: 21-May-2013
Below are the list of important stocks which control 65% of Nifty movement. The original list comprises of 13 Stocks. I have listed below only 11 of them as the other 2 stocks did not have clear trading signals. The stock levels are for cash market only & the levels for BankNifty & Nifty are their respective spot prices.

HDFCBANK     [CMP=707,  SELL FOR TARGET OF 689,   KEEP STOP LOSS @ 725]
HDFC                [CMP=902,  SELL FOR TARGET OF 867,   KEEP STOP LOSS @ 910]
ICICIBANK      [CMP=1211, SELL FOR TARGET OF 1166, KEEP STOP LOSS @ 1236]
ITC                    [CMP=331,   SELL FOR TARGET OF 312,   KEEP STOP LOSS @ 344]
M&M                 [CMP=987, SELL FOR TARGET OF 971 / 950, KEEP STOP LOSS @ 1010]
ONGC                [CMP=326, SELL FOR TARGET OF 320 / 305, KEEP STOP LOSS @ 350]
RELIANCE        [CMP=828, SELL FOR TARGET OF 803 / 770, KEEP STOP LOSS @ 850]
SBI                     [CMP=2360, SELL FOR TARGET OF 2275, KEEP STOP LOSS @ 2445]
TATAMOTORS [CMP=292, SELL FOR TARGET OF 285 / 268, KEEP STOP LOSS @ 312]

LT                      [BUY ONLY @1515 FOR TARGET OF 1650 / 1725 , KEEP STOP LOSS @ 1476]
TCS                    [CMP=1492, BUY FOR TARGET OF 1535 / 1570, KEEP STOP LOSS @ 1440]

BANKNIFTY   [CMP=13066, SELL FOR TARGET OF 12720, KEEP STOP LOSS @ 13456]
NIFTY              [CMP=6114, SELL FOR TARGET OF 5980, KEEP STOP LOSS @ 6215]


Please note the above levels may take 2 to 4 trading sessions for the target to be achieved. These levels are given for trading assistance so that you can take high probability trades.

Happy Trading !!!