The Professional Ticker Reader

The Professional Ticker Reader ®
Your accurate, authentic and affordable guide to investing

Mid-cap stocks of the week Aug 07, 2005

The Mid cap stocks listed below are Nifty 500 components - liquid, traded easily and benchmarked volatility. These are stocks that we expect to out-perform the markets. It should be remembered that many of these stocks are trading with abnormally high volumes, maybe operator driven, and have appreciated significantly. Therefore, the risk element is likely to be very high. Take limited exposure to these stocks and maintain stop losses as specified.

Individual stocks.

BEML - This scrip was recommended as early as Feb 12 2005 and has appreciated significantly since then. Click here to view the previous recommendations. The scrip has consolidated after a massive run up and is suppported by oscillators and higher volumes. The high relative strength ( to understand the importance of relative strength, click here to view the tutorial ) vis-a-vis the Nifty at 466 ( where 100 = base ) is a positive factor. The scrip is in the early stages of it's upmove and is likely to rally further once the previous top is surpassed. We recommend a buy for the higher risk appetite players.

Your call of action - buy at the current levels of 680 in small lots and average in pyramid fashion on every 20 point decline upto the 600 levels. A stop loss is advocated at the 560 levels and profit taking is forecast at the 825 levels in the near / long term.

BEML I Guj.Gas I HEG I Pidilite Inds I Trent I Tube Inv I West Coast Paper I Top I Close window I Print page

Guj Gas - This scrip was suggested vide our earlier editions dtd Jan 08 and July 30, 2005 and there has been a huge appreciation since the first recommendation. Click here to view the previous recommendations. The traded volumes are relatively lower but are picking up. The oscillators are in tandem with the price chart and the high relative strength ( to understand the importance of relative strength, click here to view the tutorial ) vis-a-vis the Nifty at 326 ( where 100 = base ) is confidence inspiring. We recommend a buy for the long term investor.

Your call of action - By at the current levels and average in pyramid fashion on every 40 point decline till the 840 levels ( if such a fall occurs). Maintain a stop loss at the 780 levels and expect to book profits at the 1400 + levels in a years time frame.

BEML I Guj.Gas I HEG I Pidilite Inds I Trent I Tube Inv I West Coast Paper I Top I Close window I Print page

HEG - This scrip was recommended vide our earlier edition dtd June 11 2005 and has seen a minor appreciation since then. Click here to view the previous recommendation. The scrip is in a long term uptrend and moves in spurts. The oscillators are agreement with the price chart and traded volumes are picking up. The high relative strength of 209 ( to understand the importance of relative strength, click here to view the tutorial ) vis-a-vis the Nifty is encouraging. A buy is advocated on all major declines for the patient investor.

Your call of action - buy at current levels and average in pyramid fashion on every 15 point fall till the 110 levels. A stop loss is advocated at the 100 mark and profit taking is forecast at the 210+ levels in the medium / long term.

BEML I Guj.Gas I HEG I Pidilite Inds I Trent I Tube Inv I West Coast Paper I Top I Close window I Print page

Pidilite Inds - this scrip was recommended on multiple occasions vide our earlier editions dtd May 28, June 11 & 18 and July 09, 2005 and there has been a decent appreciation since then. Click here to view the previous recommendations. The poor traded volumes remain a concern and therefore accumulation in sizeable lots is difficult. The oscillators are pointing towards an underlying strength and the scrip is in the second leg of it's upmove. The high relative strength ( to understand the importance of relative strength, click here to view the tutorial ) of 270 vis-a-vis the Nifty is confidence inspiring. We suggest holding on to long positions and adding on all declines.

Your call of action - Buy at the 550 levels and average lower in pyramid fashion till the 500 mark. Maintain a stop loss at the 480 levels and a target of 625 in the medium term. Long term players may expect higher levels.

BEML I Guj.Gas I HEG I Pidilite Inds I Trent I Tube Inv I West Coast Paper I Top I Close window I Print page

Trent - this scrip was recommended vide our earlier editions dtd May 21 & 28, June 4, 18 & 28, July 2, 9 16 and 23, 2005 and has yielded superior profits. Click here to view the previous recommendations. This scrip has a lot going for it except for relatively poor traded volumes. The chart shows a long term uptrend and oscillator support with a high relative strength ( to understand the importance of relative strength, click here to view the tutorial ) of 198 vis-a-vis the Nifty ( where 100 = base ). We recommend a buy for the patient and high risk investors.

Your call of action - buy at the 725 levels and average in pyramid fashion on every 20 point decline till the 645 levels. Maintain a stop-loss at the 600 level and expect to book profits at the 850 + levels in the medium / long term time frame.

BEML I Guj.Gas I HEG I Pidilite Inds I Trent I Tube Inv I West Coast Paper I Top I Close window I Print page

Tube Inv - this scrip was recommended vide our earlier edition dtd. June 03 and July 23, 2005 and has shown good appreciation since then. Click here to view the previous recommendations. The scrip has an erratic volumes pattern as the liquidity is not consistent. The scrip makes a classic rising tops and bottom formation with ample oscillator support. The high relative strength of 254 ( to understand the importance of relative strength, click here to view the tutorial ) vis-a-vis the Nifty is a confidence inspiring factor. We recommend a buy for the long term investors.

Your call of action - buy on declines at the 350 mark and average lower till the 310 levels. Maintain a stop loss at the 290 mark and expect profit taking at the 425 + levels in the medium / long term.

BEML I Guj.Gas I HEG I Pidilite Inds I Trent I Tube Inv I West Coast Paper I Top I Close window I Print page

West Coast Papar - this scrip was recommended vide our earlier editions dtd. July 2, 9, 16 and 23, 2005 and has been a profitable proposition. Click here to view the previous recommendations. The traded volumes have jumped and the oscillators are supporting the upmove. A breakout above the 250 levels has propelled the scrip in a zero reistance zone. The relative strength ( to understand the importance of relative strength, click here to view the tutorial ) vis-a-vis the Nifty is up at 113 ( where 100 = base ) and buying is recommended on major declines.

Your call of action - buy on declines to the 285 levels and average lower till the 260 mark. A stop loss is suggested at the 245 levels and profit taking is likely at the 345 levels in the medium term.

BEML I Guj.Gas I HEG I Pidilite Inds I Trent I Tube Inv I West Coast Paper I Top I Close window I Print page

Have a profitable week.

Vijay L Bhambwani
Ceo :- Bsplindia.com

The author is a Mumbai based investment consultant and invites feedback at Vijay@BSPLindia.com and ( 022 ) 23438482 / 23400345.

SEBI disclosure :- The author has no positions in any securities mentioned above.

While all due care has been taken while in compiling the data enclosed herein, we cannot be held responsible for errors, if any, creeping in. Please consult an independent qualified investment advisor before taking investment decisions. This mail is not sent unsolicited, and only advisory in nature. We have accepted no consideration from any company mentioned above and recommend taking decisions on merits of the stocks from our viewpoint. This email is being sent to you as a paid subscriber. Please protect your interests and ours by not disclosing the contents to any un-authorised person/s