The Professional Ticker Reader

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

Mid-cap stocks of the week July 02, 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.

Apollo Hospital - This scrip was recommended as a buy vide our earlier newsletters dtd. Nov 20 & Dec 20, 2004 and Feb 06 & Mar 05 and 20, 2005. There has been a 40 % appreciation since then. Click here to view the previous recommendations. The scrip is currently trading at it's lifetime highs on a closing basis on the quarterly charts. The high relative strength of 378 vis-a-vis the Nifty ( where 100 = base ) is confidence inspiring. The lower traded volumes are a minor concern apart from which, the outlook is positive. The oscillators are pointing towards a build up in upward momentum and a sustained trading above the 350 levels will see a fresh upmove. We recommend a buy

Your call of action - Buy above a consistent trade above the 350 levels and hold with a stop loss at the 310 levels. Expect to book profits at the 410 - 425 levels in the medium / long term.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap index I Top I Close window I Print page

Century Textiles - this scrip was recommended vide our earlier newsletters dtd. Sept 19, Oct 09 2004 and April 30 and June 05 & 26, 2005. There has been a significant appreciation since then and bulls have been amply rewarded. Click here to view the previous recommendations. The scrip is climbing on the back of strong presence in the branded retail garments segment and is likely to appreciate further. The relative strength vis-a-vis the indices is on the ascent and the oscillators are supportive of the upmove. The traded volumes have increased significantly. We advocate a buy on declines for the patient investors.

Your call of action - Buy on significant declines to the 255 - 260 levels and hold with a stop loss at the 230 levels. Expect profit taking past the 350 levels in the medium / long term.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap index I Top I Close window I Print page

I.T.I. - this scrip was recommended recently vide our edition dtd Jun 25 2005 and has seen a good 20 % jump in a week. Click here to view the previous recommendations. The traded volumes have been robust and the oscillators are pointing towards a positive outlook. We recommend a buy on declines only.

Your call of action - Buy on declines to the 30 levels and hold with a stop loss at the 28 / 29 levels. Expect to book profits at the 38 / 40 levels in the medium term.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap index I Top I Close window I Print page

NDTV - this scrip is being covered for the first time in this edition. The media scrips are being re-rated upwards and this scrip is witnessing a strong volumes jump as the inclusion in the f&o list seems to have had a positive rub-off on the price. As long as the stock stays above the 210 levels, the outlook is likely to remain positive and the stock may seek higher levels. The oscillators are supporting the upmove and buying is recommended in small lots.

Your call of action - Buy on declines to the 220 - 225 levels and hold with a stop loss at the 205 mark. Expect profit taking at the 255 / 260 levels in the short / medium term.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap index I Top I Close window I Print page

Trent - this scrip was recommended vide our earlier editions dtd. May 21 & 28, June 4, 18 and 25, 2005 and has appreciated over 15 % since. Click here to view the previous recommendations. The retail segment is witnessing a polarised buying attention and the upmove is likely to sustain itself for some more time. This scrip enjoys a high relative strength strength of 243 vis-a-vis the Nifty ( where 100 = base ). We recommend buy on major declines in small lots only as the traded volumes are relatively thin.

Your call of action - buy on declines to the 600 - 615 levels and hold with a stop loss at the 565 levels. Expect profit taking past the 740 levels in the medium / long term. Since the counter is relatively illiquid, initiate trades on lower volumes only.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap index I Top I Close window I Print page

TV 18 - we initiate coverage of this counter with a positive outlook. The scrip has seen significant appreciation in the last year by 100 % or more and is poised for more. The higher tops and bottoms formation with increase volumes are a positive trigger for the scrip. We feel buying is justified in small lots on signifcant declines.

Your call of action - buy on declines to the 300 levels and hold with a stop loss at the 274 levels. Expect profit taking at the 400 + levels in the medium / long term.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap index I Top I Close window I Print page

TVS Motors - this scrip is showing signs of revival as the chart pattern shows a possible upward build-up of bullish momentum. The oscillators are pointing towards a possible upmove and the same would be confirmed by a sustained trade over the 80 levels. Should the scrip trade consistently over 80, the chances of this counter becoming a dark horse for the remainder of 2005 are above average. Traded volumes seem to be picking up and that is sign of optimism. We recommend a buy on a confirmed breakout.

Your call of action - buy once the 80 levels are surpassed with higher volumes on a sustained closing basis and hold with a stop loss at the 74 levels. Expect to book profits past the 92 levels in the medium term.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap index I Top I Close window I Print page

UTI Bank - this new age bank is showing a strong rally as the upmove is on good volumes and making higher tops and bottoms on the charts. The oscillators are supporting the upmove and a sustained trade above the 250 mark for atleast a fortnight will see the previous highs being surpassed. We recommend a buy in small lots only.

Your call of action - Buy above the 250 mark on a closing basis and hold with a stop loss at the 236 levels. Expect to book profits past the 275 levels in the short / medium term.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap index I Top I Close window I Print page

West Coast Paper - this scrip is showing signs of breaking out of a congestion formation and a sustained tarde above the 250 levels will see the scrip trade in a new trading zone where no past resistance exists. The oscillators are pointing towards the scrip attempting to surge past the 300 levels in the near / medium term. We recommend a buy.

Your call of action - Buy as long as the scrip stays above the 250 mark and hold with a stop loss at the 226 mark. Expect to book profits at the 300 + levels in the short / medium term in a conducive market scenario.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap index I Top I Close window I Print page

CNX Mid-cap Index - we maintain our earlier view that this index is likely to take support at the 6 month old trendline at the 2930 levels. The upsides will see resistance at the 3092 and above this level, a sustained closing will take the scrip towards the 3250 / 3320 over the next 3 - 5 months.

Your call of action - this is a pure academic study.

Apollo Hospital I Century Textiles I I.T.I. I NDTV I Trent I TV 18 I TVS Motors I UTI Bank I West Coast Paper I Mid-cap 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