Daily Equities Report – 09 Dec 2021

Market Analysis Analysis:-

Nifty 50 – (+47.10%)

Sensex – (+0.27%)

Nifty Midcap 50 – (+0.44%)

Nifty Smallcap 50 – (+1.02%)

S&P 500 – (-0.72%)

FTSE 100 – (-0.22%)

DAX – (-0.30%)

NIKKEI 225 – (-0.54%)

Stock Ideas :-

Stock Idea – 1 – Mold-Tek Packaging

Brief description of the company:-
Mold-Tek Packaging Limited is a packaging company involved in the manufacturing of plastic packaging containers.

Mold-Tek Packaging is a SmallCap company with a Market Capitalization of ₹2,030 cr.

Describing Technical Reasons:-
Mold-Tek Packaging is a financially well-performing company and is bound to give consistent returns in future.
Due to the fall in Nifty the stock has slightly moved down. So the downtrend line has been acting as a strong resistance for some time.
Now the stock has broken out of the resistance with strong volume.
The stock price has taken the 50 days EMA as a support and has been moving up.
The Relative Strength Index is also showing an upward trend.
Stop Loss and Target can be kept according to your risk appetite. It can be of 5% to 10%

Stock Idea – 2 – Varroc Engineering

Brief description of the company:-
Varroc Engineering is focused on designing, manufacturing and supplying exterior lighting systems, plastic and polymer components, and electrical and electronics components

Varroc Engineering is a SmallCap company with a Market Capitalization of ₹4,754 cr.

Describing Technical Reasons:-

Varroc Engineering stock price has been falling and a resistance zone has been respected for some time now.
The stock price has now broken the resistance zone of 318 that it has been following for a couple of months.
It closed yesterday with really good volume. Thus it acts as an additional indication for an upward movement.
RSI and Pivot points are also showing a positive indication. 50 Days EMA has been respected as a good support zone and it has been moving upward.
Stop Loss and Target can be kept according to your risk appetite. It can be of 5% to 10%

Stock Idea – 3 – Sika Interplant Systems Limited

Brief description of the company:-
The company makes engineering products, projects and designs. Its products are used for Aerospace, Space, Marine and Land applications.

Sika Interplants is a SmallCap company with a Market Capitalization of ₹370 cr.

Describing Technical Reasons:-

Sika Interplants Systems stock price has been moving in a channel pattern for some time.
Now the stock has broken out of the channel pattern today with decent volume indicating a positive up move.
Also 918 has been acting as good resistance according to the Fibonacci Levels and Pivot Points. RSI is also showing decent upward indication
Stop Loss and Target can be kept according to your risk appetite. It can be of 5% to 10%

Disclaimer – All the Information given above are only for Educational Purposes.

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