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Mid-cap stocks of the week Feb 06, 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.
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Individual stocks. |
Apollo Hospital - this scrip was recommended vide our earlier edition dtd 19 Dec 2004 recently and has seen a smart rally last week. Click here to view previous files. A very high relative strength and a rising tops and bottoms formation makes this scrip an attractive proposition and the oscillators are pointing towards a bullish undertone. We recommend a buy for the patient investor with atleast 6 month time frame. Since traded volumes are not high, we recommend a limited exposure on this counter.
Your call of action - Buy on declines to the 275 - 280 levels and hold with a stop loss at the 250 levels. Expect to book profits at the 330 - 350 levels in 6 - 9 months in a conducive market scenario.
Apollo Hospitals I CESC I Fortis Finance I Kirloskar Ferrous I Noida Toll Bride I Pricol I Thermax I Midcap index I Top I Close window I Print page
CESC - this scrip has been a frequent recommendation in the last 6 - 8 months and was recently recommended vide our edition dtd Sept 05, Sept 19, Oct 03, Oct 10 2004 and Jan 01 2005. Click here to view previous files. The scrip has managed to clear it's previous resistance levels and managed to close above that level. Once a closing above the 178 - 180 levels is achieved, expect the scrip to see an accelerated upmove. The momentum oscillators are pointing towards an upmove and we recommend a buy for the patient investors.
Your call of action - Buy as long as the scrip manages to close above the 165 levels and hold with stop loss at the 147 levels. Expect to book profits at the 190 - 195 levels in the medium term in a conducive market. Over a 1 year period, expect higher levels.
Apollo Hospitals I CESC I Fortis Finance I Kirloskar Ferrous I Noida Toll Bride I Pricol I Thermax I Midcap index I Top I Close window I Print page
Fortis Finance - this scrip is making higher tops and bottoms and the oscillators are showing bullishness. The scrip derives support at the short and medium term averages and the same are currently at the 18 and 16 respectively. The downsides being limited, we expect a greater probability of an upmove. A buy is recommended.
Your call of action - Buy at the current levels and hold with a stop loss at the 14 levels. Expect to book profits at the 30 + levels in the short / medium term in a conducive market.
Apollo Hospitals I CESC I Fortis Finance I Kirloskar Ferrous I Noida Toll Bride I Pricol I Thermax I Midcap index I Top I Close window I Print page
Kirloskar Ferrous - This scrip was recommended vide our earlier edition dtd Jan 08, 2005 and has been inching up steadily. Click here to view previous files. Our veteran investors will recollect that this scrip was recommended last year at the 22 levels and returned over 60 % in a few weeks. Technical traders may please note how the relative strength has risen past the 100 threshold, making it a market out-performer. The scrip is making higher tops and bottoms and the moving averages are pointing upwards. The overall outlook remains positive and we recommend a buy. Once the 38 levels are surpassed, the upmove will accelerate.
Your call of action - Buy at the current levels and hold with a stop loss at the 28 levels. Expect to book profits at the 40 - 42 levels in a conducive market in the short / medium term.
Apollo Hospitals I CESC I Fortis Finance I Kirloskar Ferrous I Noida Toll Bride I Pricol I Thermax I Midcap index I Top I Close window I Print page
Noida Toll Bridge - this scrip was recommended vide our earlier edition dtd Jan 09, 2005 and has zoomed higher after the recommendation. Click here to view previous files. The scrip is gathering upward momentum and is now an out-performer of the Sensex. The oscillators are pointing higher and the scrip makes a rising bottoms formation. We recommend fresh buying on declines for the patient investors. It may please be noted that this scrip is listed on the BSE.
Your call of action - buy on declines to the 17 - 18 levels and hold with a stop loss at the 14 levels. Expect to book profits at the 22 - 25 levels in the short / medium term in a conducive market.
Apollo Hospitals I CESC I Fortis Finance I Kirloskar Ferrous I Noida Toll Bride I Pricol I Thermax I Midcap index I Top I Close window I Print page
Pricol - this scrip was recommended vide our earlier edition dtd Nov 07, Nov 21, Nov 27 2004 and Jan 01 2005. Click here to view previous files. The scrip has been in a bullish groove and makes strong chartical case as the higher tops and bottoms formation remains intact and the medium term SMA proves to be a solid support at lower levels. The oscillators are pointing towards a continued bullishness and we recommend a buy on declines for the patient investors.
Your call of action - Buy at the 50 levels and hold with a stop loss at the 44 mark. Expect to book profits at the 60 + levels in the short / medium term in a conducive market. Longer term investors may expect higher returns.
Apollo Hospitals I CESC I Fortis Finance I Kirloskar Ferrous I Noida Toll Bride I Pricol I Thermax I Midcap index I Top I Close window I Print page
Thermax - this scrip is a strong market out-performer and is showing tremendous resilience as the price graph shows a minor fall even during the recent tumultous phase in the markets. The 13 week SMA is a strong support for this counter and the same is poised at the 512 levels. The scrip exhibits a consistent higher bottoms formation and the oscillators are supporting the upmove. Since the traded volumes are not very high, we recommend a limited exposure on the counter with a patient approach.
Your call of action - Buy as long as the scrip manages to stay above the 575 mark and hold with a stop loss at the 535 levels. Expect to book profits at the 645 - 660 levels in a few months time frame in a conducive market.
Apollo Hospitals I CESC I Fortis Finance I Kirloskar Ferrous I Noida Toll Bride I Pricol I Thermax I Midcap index I Top I Close window I Print page
CNX Mid-cap Index - this index was forecast by us as having tremendous support at the 2475 levels and sure enough, it has bounced off those levels to hit a new all time high. There is a good base support at the 2560 levels and the index may see the 2840 levels in a few weeks in a conducive market.
Your call of action - Since this index cannot be traded, this is an academic study only.
- Apollo Hospitals I CESC I Fortis Finance I Kirloskar Ferrous I Noida Toll Bride I Pricol I Thermax I Midcap index 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
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