HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.
Market Wrap-Up MCX Market Wrap-Up Commodity
Contract
Previous Close
Open
High
Low
Close
% Change in Price
% Change in Open Interest
% Change in Volume
Aluminium
28-Sep-18
150.10
149.35
150.40
145.30
147.20
-1.93%
-4.61%
-33.68%
Copper
30-Nov-18
423.80
422.50
429.40
414.30
422.60
-0.28%
-33.06%
-16.58%
Crude Oil
19-Sep-18
4,959
4,941
5,114
4,808
4,883
-1.53%
24.05%
-8.73%
Gold
05-Oct-18
30129
30100
30700
30070
30494
1.21%
-11.06%
13.89%
Lead
28-Sep-18
147.55
147.55
151.65
145.6
148.25
0.47%
25.48%
-23.48%
Natural Gas
25-Sep-18
206.9
202.2
206.2
198.7
200.7
-3.00%
1.56%
-19.25%
Nickel
28-Sep-18
909.3
907.9
914
879.6
888.7
-2.27%
-20.62%
-6.22%
Silver
05-Dec-18
37482
37450
37650
36641
37167
-0.84%
-48.57%
-0.01%
Zinc
28-Sep-18
176.10
175.25
178.85
172.70
173.85
-1.28%
8.55%
-1.99%
NCDEX Market Wrap-Up Contract
Previous Close
Open
High
Low
Close
% Change in Price
% Change in Open Interest
% Change in Volume
Castor Seed
16-Oct-18
4735.00
4730.00
4836.00
4705.00
4718.00
-0.36%
-30.19%
10.05%
Chana
16-Oct-18
3969.00
3954.00
4080.00
3907.00
3980.00
0.28%
-24.58%
-8.13%
Dhaniya
16-Oct-18
5055.00
5040.00
5421.00
5037.00
5218.00
3.22%
221.30%
82.64%
COCUDAKL
20-Dec-18
1695.50
1685.00
1754.00
1676.00
1715.00
1.15%
-31.78%
-64.17%
Guargum5
16-Oct-18
9535.00
9540.00
9770.00
9280.00
9385.00
-1.57%
-44.88%
1.56%
Guarseed10
16-Oct-18
4408.50
4410.00
4468.50
4280.00
4321.00
-1.98%
-43.97%
-2.77%
Jeera
16-Oct-18
19545.00 19500.00
19880.00 19335.00 19430.00
-0.59%
79.08%
4.15%
RMseed
16-Oct-18
4070.00
4076.00
4168.00
4049.00
4146.00
1.87%
115.65%
-28.82%
Ref Soya Oil
16-Oct-18
739.75
741.20
752.90
740.50
743.50
0.51%
6.28%
9.48%
Soyabean
16-Oct-18
3222.00
3249.00
3326.00
3224.00
3238.00
0.50%
33.58%
9.96%
Turmeric
16-Oct-18
6868.00
6870.00
6870.00
6594.00
6620.00
-3.61%
142.46%
-2.29%
Mentha Oil
28-Sep-18
1812.40
1790.00
1800.50
1656.10
1744.70
-3.74%
-2.85%
-27.70%
Commodity
Currency Market Wrap-Up Contract
Previous Close
Open
High
Low
Close
Change in Price (in%)
USDINR
26-Sep-18
71.1875
71.0975
72.2875
70.9025
71.8575
0.94%
GBPINR
26-Sep-18
92.5525
92.3400
93.6050
91.6125
93.4700
0.99%
JPYINR
26-Sep-18
64.2800
64.0000
65.3350
63.9800
64.8575
0.90%
EURINR
26-Sep-18
83.0550
82.6000
84.1425
82.3475
83.5800
0.63%
Currency Pair
Continued…….
2
Copyright © 2018 Ways2Capital. All rights reserved
11/09/2018
Market Wrap-Up International Market Wrap-up Exchange
Previous Close
Open
High
Low
Close
% Change in Price
LME
2119.75
2117.50
2123.50
2035.25
2060.25
-2.81%
Copper
COMEX
2.663
2.648
2.654
2.564
2.603
-2.25%
Crude Oil
NYMEX
69.91
69.89
71.40
66.86
67.75
-3.09%
Gold
COMEX
1206.90
1199.30
1202.00
1189.90
1193.60
-1.10%
Lead
LME
2088.25
2083.00
2130.75
2025.75
2059.75
-1.36%
NYMEX
2.921
2.900
2.904
2.759
2.776
-4.96%
Nickel
LME
12815.00
12800.00
12855.00
12227.50
12335.50
-3.74%
Silver
COMEX
14.575
14.450
14.450
13.960
14.067
-3.49%
Zinc
LME
2461.50
2464.50
2482.50
2393.25
2403.70
-2.35%
Commodity Aluminium
Natural Gas
3
Copyright © 2018 Ways2Capital. All rights reserved
11/09/2018
Inventory Updates LME Inventory Closing (As on 7th Sep 18) In tones
Closing (As on 31st Aug 18) in tones
% Change in Price
Aluminium
1062700
1073050
-0.96%
Copper
254350
266450
-4.54%
Lead
121625
126225
-3.64%
Nickel
236706
240678
-1.65%
Zinc
235650
243825
-3.35%
Commodity
Continued…….
4
Copyright © 2018 Ways2Capital. All rights reserved
11/09/2018
Inventory Updates
5
Copyright © 2018 Ways2Capital. All rights reserved
11/09/2018
Market Next Week Upcoming Economic Events Calender Time
Currency
Event
Forecast
Previous
Monday, September 10, 2018 7:00
CNY
CPI (MoM) (Aug)
0.50%
0.30%
7:00
CNY
PPI (YoY) (Aug)
4.00%
4.60%
14:00
GBP
GDP (MoM)
0.20%
0.10%
14:00
GBP
Industrial Production (MoM) (Jul)
0.20%
0.40%
14:00
GBP
Trade Balance Non-EU (Jul)
-3.30B
-2.86B
Tentative
USD
OPEC Meeting
-
-
Tentative
GBP
NIESR GDP Estimate
18:30
GBP
NIESR Monthly GDP Tracker
0.60% 0.70%
0.50%
Tuesday, September 11, 2018 14:00
GBP
Claimant Count Change (Aug)
10.0K
6.2K
14:00
GBP
Employment Change 3M/3M (MoM)
27.0K
42.0K
14:00
GBP
Unemployment Rate (Jul)
4.00%
4.00%
Wednesday, September 12, 2018 16:50
USD
OPEC Monthly Report
-
-
18:00
USD
Core PPI (MoM) (Aug)
0.20%
0.10%
18:00
USD
PPI (MoM) (Aug)
0.20%
0.00%
20:00
USD
Crude Oil Inventories
-1.294M
-4.302M
21:30
USD
WASDE Report 0
0
Thursday, September 13, 2018 16:30
GBP
BoE MPC vote cut (Sep)
16:30
GBP
BoE Interest Rate Decision (Sep)
0.75%
0.75%
18:00
USD
Core CPI (MoM) (Aug)
0.20%
0.20%
18:00
USD
Core CPI (YoY) (Aug)
2.40%
2.40%
18:00
USD
CPI (MoM) (Aug)
0.30%
0.20%
23:30
USD
Federal Budget Balance (Aug)
-156.5B
-77.0B
6.20%
6.00%
Friday, September 14, 2018 7:30
CNY
Industrial Production (YoY) (Aug)
7:30
CNY
Chinese Unemployment Rate
-
5.10%
18:00
USD
Core Retail Sales (MoM) (Aug)
0.50%
0.60%
18:00
USD
Import Price Index (MoM) (Aug)
-0.20%
0.00%
18:00
USD
Retail Sales (MoM) (Aug)
0.40%
0.50%
18:45
USD
Industrial Production (MoM) (Aug)
0.30%
0.10%
19:30
USD
Business Inventories (MoM) (Jul)
0.60%
0.10%
Currency Weekly Pivots Currency Pair
Contract
R3
R2
R1
PP
S1
S2
S3
USDINR
26-Sep-18
74.4500
73.1000
72.5000
71.7000
71.1000
70.3000
68.9500
GBPINR
26-Sep-18
96.9000
94.9000
94.2000
92.9000
92.2000
90.9000
88.9000
JPYINR
26-Sep-18
67.4000
66.0500
65.4000
64.7000
64.0500
63.3500
62.0000
EURINR
26-Sep-18
86.9500
85.1500
84.3500
83.3500
82.5500
81.5500
79.7500 Continued…….
6
Copyright © 2018 Ways2Capital. All rights reserved
11/09/2018
Market Next Week MCX Weekly Pivots Commodity
Contract
R3
R2
R1
PP
S1
S2
S3
Aluminium
28-Sep-18
157.85
152.75
150.00
147.65
144.90
142.55
137.45
Copper
30-Nov-18
452.30
437.20
429.90
422.10
414.80
407.00
391.90
Crude Oil
19-Sep-18
5547
5241
5062
4935
4756
4629
4323
Gold
05-Oct-18
31681
31051
30773
30421
30143
29791
29161
Lead
28-Sep-18
160.60
154.55
151.40
148.50
145.35
142.45
136.40
Natural Gas
25-Sep-18
216.85
209.35
205.00
201.85
197.50
194.35
186.85
Nickel
28-Sep-18
962.90
928.50
908.60
894.10
874.20
859.70
825.30
Silver
05-Dec-18
39171
38162
37664
37153
36655
36144
35135
Zinc
28-Sep-18
187.45
181.30
177.60
175.15
171.45
169.00
162.85
NCDEX Weekly Pivots Commodity
Contract
R3
R2
R1
PP
S1
S2
S3
Castor Seed
16-Oct-18
5015
4884
4801
4753
4670
4622
4491
Chana
16-Oct-18
4335
4162
4071
3989
3898
3816
3643
Dhaniya
16-Oct-18
5993
5609
5414
5225
5030
4841
4457
COCUDAKL
20-Dec-18
1871.00
1793.00
1754.00
1715.00
1676.00
1637.00
1559.00
Guargum5
16-Oct-18
10458
9968
9677
9478
9187
8988
8498
Guarseed10
16-Oct-18
4733.50
4545.00
4433.00
4356.50
4244.50
4168.00
3979.50
Jeera
16-Oct-18
20638.35
20093.35
19761.70
19548.35
19216.70
19003.35
18458.35
RMseed
16-Oct-18
4359
4240
4193
4121
4074
4002
3883
Ref Soya Oil
16-Oct-18
770.45
758.05
750.80
745.65
738.40
733.25
720.85
Soyabean
16-Oct-18
3467
3365
3301
3263
3199
3161
3059
Turmeric
16-Oct-18
7247
6971
6795
6695
6519
6419
6143
Mentha Oil
28-Sep-18
2022.6
1878.2
1811.4
1733.8
1667.0
1589.4
1445.0
7
Copyright © 2018 Ways2Capital. All rights reserved
11/09/2018
MCX Fundamentals BULLION Gold held on to a small loss from the previous session on Monday amid expectations of a U.S. Federal Reserve interest rate hike in September and fears of escalating trade tensions between the United States and China U.S. jobs growth accelerated in August with wages notching their largest annual increase in nine years strengthening views the economy was so far weathering the Trump administration escalating trade war with China. The stronger than expected payrolls data cemented expectations that the U.S. Fed will raise interest rates in September in what would be its third hike this year.
BASE METALS London copper was trading steady on Monday morning after it registered its second weekly loss as an intensifying trade war between the United States and top metals consumer China raised concerns over demand. For the week LME and Shanghai copper are down 1.7 percent U.S. President Donald Trump has said he is prepared to quickly ramp up the trade war with China and has told aides he is ready to impose fresh tariffs on $200 billion worth of Chinese imports as soon as a public comment period on the plan ends.
ENERGY Oil prices rose on Monday as US drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November. US energy companies cut two oil rigs last week bringing the total count to 860 energy services firm Baker Hughes said on Friday. The Energy Information Administration released its report on US natural gas stockpiles, showing a buildup of 63 billion cubic feet in the week ending August 31, adding to 70 billion in the previous week, while analysts expected a 60 billion increase.
8
Copyright Š 2018 Ways2Capital. All rights reserved
11/09/2018
NCDEX Fundamentals SPICES Jeera traded sideways with no strong movement noted as Oct Jeer failed to maintain above resistance levels. Low trading activities in mandis kept trend sideways for Jeer. Due to better crop expectations traders expect lower levels and firm Dollar could enhance export demand and support prices in coming sessions.Trend remained weak for Turmeric as good sowing reports kept sentiments negative. Even as technical is still not very strongly positive there are expectations of demand on the domestic and export front picking up with harvesting still time away.
OILSEEDS Fresh buying interest in spot markets (at lower rates) turned positive for the futures market and in coming sessions markets may look to recover soon as demand is expected to pick up in mandis amidst falling arrivals as new crop arrivals get over. Soya oil failed to trade with a positive bias during evening session as global markets started trading on subdued note. However there wasn’t any key bearish news. The edible oil market in recent months had maintained a cautious stance over the start of the China U.S.
GUAR COMPLEX Guar failed to maintain the higher levels as profit booking set in by the end of the week. Recent moderate rains in Rajasthan limited the uptrend. However as the bearish impact of rains gradually get over with prices on the lower side and sowing period too nearing end, fall in prices may be limited from the monsoon factor.
OTHERS RM seed ended the week with strong gains. As understood from market talks that selling intentions are poor and at prevailing lower ratesmandi sellers are avoiding negotiations for fresh deals. This shall tend to keep futures prices supported at every dip.Reviewing the current fundamentals ongoing trade war between US and China will be seen as a positive news for domestic soy meal export prospects in coming weeks/months. The recent import duty hike on edible oils and expected significant rise in MSP for Kharif crops shall continue supporting futures market in near term. 9
Copyright Š 2018 Ways2Capital. All rights reserved
11/09/2018
Calls of the Week (MCX) ZINC Zinc continuously trading above the support level of 170 and recently broken its downtrend channel on upper side. Last week Lead made a high of 178.85 and closed at 173.85 with overall marginal loss of 1.28% on weekly basis. For this week, if it breaks the level of 175 on the upper side then it can test the level of 182 during the week. One can make buy position in it by maintaining a SL at 174.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
DETAILS
Buy
Above 175
Target
182
SL
174
GOLD From last couple of trading weeks Gold is trading with positive sentiment and we are expecting that market can continue the same trend for this week also. Last week Gold made a high of 30700 and closed at 30494 with overall marginal gain of 1.21% on weekly basis. On its daily chart Gold broken its resistance trend line and sustaining above it indicating positive movement in it. For this week, if it breaks the level of 30650 on the upper side then it can test the level of 30950 during the week. One can make buy position in it by maintaining a SL at 30578.
WEEKLY STRATEGY PARTICULAR
Action Entry Range
10
Copyright Š 2018 Ways2Capital. All rights reserved
DETAILS
Buy Above 30650
Target
30950
SL
30578
11/09/2018
Calls of the Week (NCDEX) CASTOR From last couple of trading days Castor is trading with negative sentiment and we are expecting that market can continue the same trend for this week also. Last week Castor made a low of 4705 and closed at 4718 with overall marginal loss of 0.36% on weekly basis. On its daily chart Castor is forming lower lows and lower highs formation indicating selling pressure in it. For this week, if it breaks the level of 4700 on the lower side then it can test the level of 4572 during the week. One can make sell position in it by maintaining a SL at 4782.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
DETAILS
Sell
Below 4700
Target
4572
SL
4782
COKUDAKL From last couple of trading weeks COCUDAKL is trading in range and making lower highs on its daily chart. . Last week COCUDAKL made a high of 1754 and closed at 1715 with overall marginal gain of 1.15% on weekly basis. On its daily chart COCUDAKL is trading at support level of 1700 with negative RSI and we are expecting negative movement in it. For this week, if it breaks the level of 1700 on the lower side then it can test the level of 1550 during the week. One can make sell position in it by maintaining a SL at 1755.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
11
Copyright Š 2018 Ways2Capital. All rights reserved
DETAILS
Sell
Below 1700
Target
1550
SL
1755
11/09/2018
Calls of the Week (FOREX) JPYINR Last week JPYINR made a high of 65.3350 and closed at 64.8575 with overall marginal gain of 0.90% on weekly basis. The secondary trend of JPYINR is bearish on chart and market is continuously resist by the Bollinger band upper band indicating correction from intra day to mid term basis. For this week, if it breaks the level of 65.0900 on the lower side then it can test the level of 64.5125 during the week. One can make sell position in it by maintaining a SL at 65.4125.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
DETAILS
Sell
Below 65.0900
Target
64.5125
SL
65.4125
USDINR USDINR continuously trading above the major resistance level of 72.0000 and recently broken its bullish flag pattern and sustaining above it indicating short term positive movement in it. Last week USDINR made a high of 72.2875 and closed at 71.8575 with overall marginal gain of 0.98% on weekly basis. For this week, if it breaks the level of 72.8300 on the upper side then it can test the level of 73.3500 during the week. One can make buy position in it by maintaining a SL at 72.4800.
WEEKLY STRATEGY
PARTICULAR
Action
Entry Range
12
Copyright Š 2018 Ways2Capital. All rights reserved
DETAILS
Buy
Above 72.8300
Target
73.3500
SL
72.4800
11/09/2018
Disclaimer LEGAL DISCLAIMER (कानन ू ी अस्वीकयण) : This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisor Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only.
मह दस्तावेज़ Ways2Capital (हाई ब्रो भाकेट अनुसध ं ान ननवेश सराहकाय प्राइवेट लरलभटे ड का एक बाग) द्वाया तैमाय ककमा गमा है | महां ऩय दी गई जानकायी, ववश्रेषण औय अनुभान Ways2Capital इक्ववटी / कभोडडटी अनुसध ं ान के भूलमांकन ऩय आधारयत हैं औय ववश्वसनीम स्रोतों से प्राप्त की गई है | मह दस्तावेज़ केवर इक्छित प्राप्तकताा के उऩमोग के लरए ही है |
This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. मह दस्तावेज़, सवोत्तभ रूऩ से, Ways2Capital इक्ववटी / कभोडडटीज अनुसंधान का प्रनतननधधत्व कयता है औय साभान्म जानकायी के लरए ही है | Ways2Capital इक्ववटी / कभोडडटीज अनुसंधान, इसके ननदे शकों, अधधकायी मा कभाचायी ककसी बी तयह से संफधं धत साभग्री के लरए क्जम्भेदाय नहीं है। | Ways2Capital इक्ववटी / कभोडडटीज अनुसंधान ककसी बी औय सबी उत्तयदानमत्वों को स्ऩष्ट रूऩ से अस्वीकाय कयता है जो इस संफंध भें सूचना, त्रुटटमों मा चूक से ऩैदा हो सकता है| इस दस्तावेज को ककसी बी प्रनतबूनत मा वस्तु को खयीदने के लरए फेचने मा एक आग्रह के लरए प्रस्ताव के रूऩ भें नहीं भाना जा सकता है |
All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices.
उऩयोवत सबी सूचना, स्तय औय सुझाव, Ways2Capital के ववशेषऻ के ऩैनर द्वाया ककए गए तकनीकी औय भौलरक अनुसध ं ान के आधाय ऩय दी गई हैं, रेककन हभ टदए गए सुझावों की त्रुटटमों के लरए कोई दानमत्व स्वीकाय नहीं कयते हैं | वेफसाइट के भाध्मभ से सकपिंग कयने वारे रोगों को अऩनी ऩसंद के उत्ऩाद सेवाओं को चुनने का अधधकाय है|
Any investment in Equity/commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer.
इक्ववटी / कभोडडटी फाजाय भें कोई बी ननवेश जोखखभ के अधीन होता है, कंऩनी इन सुझावों ऩय ककए गए ककसी बी नुकसान के लरए उत्तयदामी नहीं होगी | मह स्तय बववष्म के कीभतों की गनत का संकेत नहीं दे ते है| वेफसाइट के भाध्मभ से ककसी बी ब्राउक्ज़ंग का अथा है अस्वीकयण की स्वीकृनत।
DISCLOSURE (प्रकटीकयण) : High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company and all its representatives will not make any trades in the market.
हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी कंऩननमां अनुसंधान रयऩोटा भें शालभर कंऩननमों के साथ कायोफाय नहीं कयती हैं औय न ही ककसी बी तयह के उत्ऩादों / प्रनतबूनतमों के जायीकताा के साथ जुडी हैं, जो मह सुननक्श्चत कयता है कक टहतों के लरए कोई वास्तववक मा संबाववत संघषा नहीं है | ननमाभक ननकाम के अनुऩारन को सुननक्श्चत कयने के लरए हभने मह तम ककमा है कक कंऩनी औय उसके कोई बी प्रनतननधध फाज़ाय भें ट्रे ड नहीं कयें गे।
Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms & conditions of services published on website. No litigations have been filed against the company since the incorporation of the company by regulatory body.
ग्राहकों को मह सराह दी जाती है कक वे रयऩोटा भें दी गई जानकायी को केवर याम के रूऩ भें दे खें औय ननवेश के लरए स्वमं पैसरा कयें | ग्राहकों को वेफसाइट ऩय प्रकालशत सेवाओं के ननमभों औय शतों को ऩढ़ने औय सभझने की बी सराह दी जाती है | कंऩनी के ननगभन के फाद ननमाभक ननकाम द्वायाकंऩनी के खखराप कोई भुकदभा (माधचका) दामय नहीं ककमा गमा है।
DISCLOSURE APPENDIX (प्रकटीकयण ऩरयलशष्ट ) : The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt. Ltd. All the views expressed in this re- port herein accurately reflects personal views about the subject company or companies & their securities and no part of compensation was, is or will be directly or indirectly related to the specific recommendations or views contained in this research report. रयऩोटा ववश्रेषकों द्वाया तैमाय की गमी है जो द्वाया हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कंऩनी के फाये भें व्मक्वतगत ववचायों को दशााता है औय कंऩननमों औय उनकी प्रनतबूनतमां औय ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत नहीं होगा।
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (टहतों के संघषा के भाभरे भें प्रकटीकयण ): (a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject company and the nature of such financial interest; (अ) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत की प्रकृनत है|
(b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company, (ब)
हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदे भंद
स्वालभत्व नहीं हैं |
(c) (स)
High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of publication of the research report or at the time of public appearance; हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं है |
DISCLOSURE IN TERMS OF COMPENSATION ( ऺनतऩनू ता के संदबा भें प्रकटीकयण): High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of coverage. Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd. हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कंऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है। ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड के वेतन आधारयत स्थामी कभाचायी है |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के भाभरे भें प्रकटीकयण ) : (a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months; (अ) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने
वऩिरे 12 भहीनों भें ववषम कंऩनी से कोई भुआवजा प्राप्त नहीं ककमा है |
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report. (ब) अनुसंधान रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कंऩनी अफ मा कबी बी ग्राहक नहीं यही है।
(c ) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company; (स) हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने
13
ववषम कंऩनी के अधधकायी, ननदे शक मा कभाचायी के रूऩ भें कबी बी काभ
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11/09/2018