- Your accurate,
authentic
and affordable
guide to investing
Mid-cap stocks of the week May 28, 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. |
Adlabs - this entertainment / media scrip was recommended since a fortnight and has achieved some upsides since the initial recommendation. The oscillators are pointing towards further strength and the scrip is trading in a new high / no resistance zone. We recommend a hold on existing positions and add on declines in small declines.
Your call of action - Hold the existing long positions with an upside target of 185 - 190. Fresh buying maybe contemplated at the 150 - 155 levels with a stop loss at the 140 levels. Expect to book profits at the 180 levels. Trade in small lots only.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose window I Print page
Chambal Fertilisers - this scrip is moving on a higher tops and bottom formation with strong support at the 30 week SMA. The stock has reacted lower after hitting a high in the pre-budget rally. The recent bottom has been higher than the previous significant bottom, which is a positive sign. The traded volumes have picked up with the price and the oscillators are confirming an uptrend. We recommend a buy for the patient investor / trader.
Your call of action - buy at the 31 levels and hold with a stop loss at the 28 mark. Expect to book profits at the 36 levels partially. Should the 36 levels be surpassed convincingly, expect the 40 levels to be achieved.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose window I Print page
Crisil - this scrip has achieved a fantastic rally in the recent months and has been a strong market out-performer as can be seen from the high relative strength of 261 vis-a-vis the Nifty (where 100 = base). The oscillators are pointing towards a continued upmove albeit after a correction. We recommend a buy on significant declines only. Since traded volumes are low on this counter, exposure must be very limited.
Your call of action - Buying is recommended in the event of a significant fall to the 800 levels and a stop loss be maintained at the 740 mark. Profit taking is expected at the 1100 + levels in the medium / long term in a conducive market scenario.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose window I Print page
Electrosteel Casting - another low volumes scrip which has a very high relative strength of 342 vis-a-vis the Nifty ( where 100 = base ). The scrip was recommended recently and moved up slightly. The uptrend is exceptionally strong and we expect significant appreciation on the counter in the long run. We recommend a buy for the patient and disciplined trader / investor.
Your call of action - Hold existing positions and add on declines to the 400 levels. Leave room for averaging till the 360 mark and hold with a stop loss at the 325 levels. We expect 600 + levels in a year's time frame in a conducive market scenario.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose window I Print page
L. G. Balabros - this scrip was recommended recently and has delivered the desirable results. The chart pattern is suggestive of a further upmove after a healthy correction. A rising momentum is witnessed on the oscillators and the traded volumes are picking up. We feel the scrip has the potential to be a superlative performer in the medium / long term. The congestion levels are surpassed and an accelerated upmove maybe expected.
Your call of action - Buy at the 35 - 36 levels and hold with a stop loss at the 31 levels and expect to book profits at the 44 levels in the short / medium term. Longer time frames may see higher levels of 54 + in a conducive market scenario.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose window I Print page
L.M.W - this scrip was recommended in the recent edition and has seen a handsome jump of Rs 700 in a week. Being a low volume scrip, buying will be possible only in small lots and the investment is essentially a long term one. The oscillators are pointing towards a bullishness and further upmoves are likely. We recommend a hold on existing positions and a buy on declines.
Your call of action - Buy afresh at the 10000 - 10100 levels and hold with a liberal stop loss at the 7900 levels. Expect to book profits at the 14000 + levels in the medium / long term in a conducive market scenario.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose window I Print page
Pidilite Inds - this scrip was also a recent recommendation and has moved up slightly. Of late, the scrip is showing signs of coming out of a congestion and trading at lifetime highs. Also noteworthy is the very high relative strength of 267 vis-a-vis the Nifty ( where 100 = base ) and the oscillators which point towards a further rally. We recommend fresh buying on declines.
Your call of action - Hold existing long positions and buy the scrip on declines to the 440 - 445 levels. Hold with a stop loss at the 400 mark. Expect to book profits at the 620 levels in a conducive market scenario in the medium / long term. Buy in small lots only due to lower liquidity.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose window I Print page
Strides Arcolabs - this scrip was recommended by us at significantly lower levels of 185. There has been significant appreciation since then and the stock has now been added to the f&o list. That maybe the positive trigger that the stock needs to breakout in a new high where resistance is unlikely to be seen. Buying is recommended in small lots only.
Your call of action - Buy on a confirmed breakout above the 250 levels on higher volumes and hold with a stop loss at the 232 levels. Expect profit taking at the 265 / 272 levels in a conducive market scenario in the short / medium term.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose window I Print page
Trent - this scrip was recommended last week at above 600 level and has seen a 10 % appreciation already. We recommend a hold on existing positions and buying on declines. Technical traders may note the high relative strength of 230 vis-a-vis the Nifty ( where 100 = base ) and rising volumes. The oscillators are pointing towards a continued uptrend even as the scrip trades at all time highs on a closing basis. The entire sector is witnessing a re-rating upwards and bullishness maybe expected to continue.
Your call of action - Hold existing long positions and add on declines to the 610 - 620 levels. Hold with a stop loss at the 540 levels. Expect to book profits at the 720 - 740 levels in the short / medium term in a conducive market scenario. Longer term investors may expect higher levels.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose window I Print page
CNX Mid-cap Index - this index has been an out-performer and has seen a corrective fall as the predicted 3060 levels as per our previous recommendations were almost achieved. We expect the 3060 levels to be a strong hurdle and the 2920 levels to be a support in the near term.
Your call of action - this is a pure academic study only.
Adlabs I Chambal Fertilisers I Crisil I Electrosteel Casting I L.G Bala I L.M.W I Pidilite I Stride Arcolabs I Trent I Midcap index I Top IClose 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
Legal notice :- The Professional Ticker Reader is a trademark of Bhambwani Securities (P) Ltd. and any un-authorised replication / duplication in part or full will be infringing our trademark and will result in legal action being enforced on the infringing persons / parties.