BARC is developing a technology for the accelerator-driven subcritical system (ADSS) that will be mainly utilized for the transmutation of nuclear waste and enrichment of U 233 . Design and development of superconducting medium velocity cavity has been taken up as a part of the accelerator-driven subcritical system project. We have studied RF properties of 700 MHz, β = 0.42 single cell elliptical cavity for possible use in high current proton acceleration. The cavity shape optimization studies have been done using SUPERFISH code. A calculation has been done to find out the velocity range over which this cavity can accelerate protons efficiently and to select the number of cells/cavity. The cavity's peak electric and magnetic fields, power dissipation Pc, quality factor Q and effective shunt impedance ZT 2 were calculated for various cavity dimensions using these codes. Based on these analyses a list of design parameters for the inner cell of the cavity has been suggested for possible use in high current proton accelerator.