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
145.00
144.45
149.75
143.95
149.05
2.79%
39.40%
-22.53%
Copper
30-Nov-18
423.95
424.30
461.50
424.15
458.15
8.07%
60.15%
30.43%
Crude Oil
19-Oct-18
4,957
5,000
5,195
4,970
5,146
3.81%
23.59%
18.24%
Gold
05-Oct-18
30436
30558
30928
30485
30582
0.48%
42.64%
7.17%
Lead
28-Sep-18
146.5
146.05
150.7
143.1
147.75
0.85%
17.34%
11.06%
Natural Gas
25-Sep-18
199.7
200.4
216.1
200.4
215.2
7.76%
-5.38%
56.70%
Nickel
28-Sep-18
893.4
892.7
956.9
886.6
954.4
6.83%
48.41%
-17.74%
Silver
05-Dec-18
36993
37200
37845
37136
37590
1.61%
81.24%
-14.82%
Zinc
28-Sep-18
166.30
165.80
183.70
165.80
182.30
9.62%
36.13%
-43.52%
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
4672.00
4666.00
4789.00
4630.00
4758.00
1.84%
64.02%
0.76%
Chana
16-Oct-18
4030.00
4020.00
4020.00
3900.00
3947.00
-2.06%
-45.86%
-6.53%
Dhaniya
16-Oct-18
5235.00
5230.00
5230.00
5080.00
5094.00
-2.69%
-15.18%
-2.89%
COCUDAKL
20-Dec-18
1700.50
1704.50
1713.50
1668.00
1693.50
-0.41%
-44.25%
0.27%
Guargum5
16-Oct-18
9237.00
9180.00
9425.00
8990.00
9302.00
0.70%
-22.30%
504.04%
Guarseed10
16-Oct-18
4269.50
4248.00
4359.00
4156.00
4306.00
0.85%
-38.05%
-1.71%
Jeera
16-Oct-18
20000.00 19940.00
20120.00 19350.00 19410.00
-2.95%
-11.64%
1.39%
RMseed
16-Oct-18
4240.00
4222.00
4254.00
4173.00
4226.00
-0.33%
25.96%
0.10%
Ref Soya Oil
16-Oct-18
730.85
733.80
736.95
729.00
734.10
0.44%
-30.00%
-18.94%
Soyabean
16-Oct-18
3251.00
3242.00
3376.00
3212.00
3358.00
3.29%
111.03%
9.53%
Turmeric
16-Oct-18
6712.00
6710.00
6734.00
6440.00
6520.00
-2.86%
80.09%
3.70%
Mentha Oil
31-Oct-18
1737.10
1725.20
1754.80
1656.50
1723.50
-0.78%
26.79%
-3.57%
Commodity
Currency Market Wrap-Up Contract
Previous Close
Open
High
Low
Close
Change in Price (in%)
USDINR
29-Oct-18
84.7875
84.7100
86.0000
84.7100
85.4825
0.82%
GBPINR
29-Oct-18
94.9525
95.2150
96.6600
95.2050
95.7600
0.85%
JPYINR
29-Oct-18
64.7500
65.2000
65.7900
64.0500
64.5025
-0.38%
EURINR
29-Oct-18
72.2550
72.8200
73.3425
72.0675
72.4975
0.34%
Currency Pair
Continued…….
2
Copyright © 2018 Ways2Capital. All rights reserved
25/09/2018
Market Wrap-Up International Market Wrap-up Exchange
Previous Close
Open
High
Low
Close
% Change in Price
LME
2036.75
2014.00
2097.75
2008.25
2088.25
2.53%
Copper
COMEX
2.613
2.598
2.838
2.595
2.837
8.57%
Crude Oil
NYMEX
69.00
68.93
71.81
68.53
70.78
2.58%
Gold
COMEX
1198.30
1198.70
1198.70
1197.60
1196.20
-0.18%
Lead
LME
2036.75
2026.00
2077.50
1994.75
2041.00
0.21%
NYMEX
2.766
2.774
2.991
2.772
2.977
7.63%
Nickel
LME
12412.50
12442.50
13292.50
12130.00
13262.50
6.85%
Silver
COMEX
14.085
13.980
14.265
13.980
14.269
1.31%
Zinc
LME
2309.75
2294.25
2537.50
2292.50
2524.75
9.31%
Commodity Aluminium
Natural Gas
3
Copyright © 2018 Ways2Capital. All rights reserved
25/09/2018
Inventory Updates LME Inventory Closing (As on 21st Sep 18) In tones
Closing (As on 14th Sep18) in tones
% Change in Price
Aluminium
1030200
1051200
-2.00%
Copper
215000
225125
-4.50%
Lead
117175
119425
-1.88%
Nickel
232098
233988
-0.81%
Zinc
211800
221325
-4.30%
Commodity
Continued…….
4
Copyright © 2018 Ways2Capital. All rights reserved
25/09/2018
Inventory Updates
5
Copyright © 2018 Ways2Capital. All rights reserved
25/09/2018
Market Next Week Upcoming Economic Events Calender Time
Currency
Event
Forecast
Previous
5
7
132.2
133.4
Monday, September 24, 2018 All Day
China - Mid-Autumn Festival
14:00
GBP
BoE Financial Stability Report
15:30
GBP
CBI Industrial Trends Orders (Sep) Tuesday, September 25, 2018
19:30
USD
CB Consumer Confidence (Sep) Wednesday, September 26, 2018
14:00
GBP
Gross Mortgage Approvals
39.7K
39.6K
19:30
USD
New Home Sales (Aug)
630K
627K
19:30
USD
New Home Sales (MoM) (Aug)
0.50%
-1.70%
20:00
USD
Crude Oil Inventories
-3.677M
-2.057M
23:30
USD
FOMC Economic Projections
23:30
USD
FOMC Statement
23:30
USD
Fed Interest Rate Decision
2.25%
2.00%
Thursday, September 27, 2018 Tentative
USD
OPEC Meeting
18:00
USD
Cap Goods Ship Non Defense Ex Air (MoM)
18:00
USD
Goods Trade Balance (Aug)
18:00
USD
Initial Jobless Claims
19:30
USD
Pending Home Sales (MoM) (Aug)
1.00% -70.60B
-72.05B
208K
201K
-0.30%
-0.70%
50.5
50.6
Friday, September 28, 2018 7:15
CNY
Caixin Manufacturing PMI (Sep)
Tentative
GBP
Nationwide HPI (MoM)
0.20%
-0.50%
14:00
GBP
Current Account (Q2)
-19.4B
-17.7B
14:00
GBP
GDP (QoQ) (Q2)
0.40%
0.40%
18:00
USD
Core PCE Price Index (YoY) (Aug)
2.00%
2.00%
18:00
USD
PCE Deflator (YoY)
18:00
USD
PCE Deflator (MoM)
0.20%
0.10%
18:00
USD
Personal Spending (MoM) (Aug)
0.30%
0.40%
19:15
USD
Chicago PMI (Sep)
62.3
63.6
19:30
USD
Michigan Consumer Sentiment (Sep)
100.8
100.8
2.30%
Currency Weekly Pivots Currency Pair
Contract
R3
R2
R1
PP
S1
S2
S3
USDINR
29-Oct-18
88.0000
86.7000
86.1000
85.4000
84.8000
84.1000
82.8000
GBPINR
29-Oct-18
98.8000
97.3500
96.6000
95.9000
95.1500
94.4500
93.0000
JPYINR
29-Oct-18
68.3000
66.5500
65.5500
64.8000
63.8000
63.0500
61.3000
EURINR
29-Oct-18
75.2000
73.9500
73.2500
72.6500
71.9500
71.4000
70.1000 Continued…….
6
Copyright © 2018 Ways2Capital. All rights reserved
25/09/2018
Market Next Week MCX Weekly Pivots Commodity
Contract
R3
R2
R1
PP
S1
S2
S3
Aluminium
28-Sep-18
159.20
153.40
151.25
147.60
145.45
141.80
136.00
Copper
30-Nov-18
522.65
485.30
471.75
447.95
434.40
410.60
373.25
Crude Oil
19-Oct-18
5554
5329
5237
5104
5012
4879
4654
Gold
05-Oct-18
31551
31108
30845
30665
30402
30222
29779
Lead
28-Sep-18
162.40
154.80
151.30
147.20
143.70
139.60
132.00
Natural Gas
25-Sep-18
241.95
226.25
220.70
210.55
205.00
194.85
179.15
Nickel
28-Sep-18
1073.25
1002.95
978.70
932.65
908.40
862.35
792.05
Silver
05-Dec-18
38942
38233
37911
37524
37202
36815
36106
Zinc
28-Sep-18
213.05
195.15
188.70
177.25
170.80
159.35
141.45
NCDEX Weekly Pivots Commodity
Contract
R3
R2
R1
PP
S1
S2
S3
Castor Seed
16-Oct-18
5044
4885
4821
4726
4662
4567
4408
Chana
16-Oct-18
4196
4076
4011
3956
3891
3836
3716
Dhaniya
16-Oct-18
5435
5285
5189
5135
5039
4985
4835
COCUDAKL
20-Dec-18
1782.65
1737.15
1715.30
1691.65
1669.80
1646.15
1600.65
Guargum5
16-Oct-18
10109
9674
9488
9239
9053
8804
8369
Guarseed10
16-Oct-18
4679.65
4476.65
4391.30
4273.65
4188.30
4070.65
3867.65
Jeera
16-Oct-18
21167
20397
19903
19627
19133
18857
18087
RMseed
16-Oct-18
4380
4299
4262
4218
4181
4137
4056
Ref Soya Oil
16-Oct-18
749.25
741.30
737.70
733.35
729.75
725.40
717.45
Soyabean
16-Oct-18
3643
3479
3419
3315
3255
3151
2987
Turmeric
16-Oct-18
7153
6859
6689
6565
6395
6271
5977
Mentha Oil
31-Oct-18
1908.2
1809.9
1766.7
1711.6
1668.4
1613.3
1515.0
7
Copyright © 2018 Ways2Capital. All rights reserved
25/09/2018
MCX Fundamentals BULLION Gold edged lower on Monday as the dollar held firm on news that China has cancelled trade talks with the United States with the market also eyeing this weeks U.S. Federal Reserve meeting for guidance on future rate hikes. Investors were squarely focused on Sino-U.S. trade tensions after China cancelled midlevel trade talks with the United States as well as a proposed visit to Washington by vice premier He originally scheduled for this week.Spot gold inched down 0.2 percent to $1,196.17 after falling as much as 1.3 percent on Friday. U.S. gold futures were virtually unchanged at $1,200.60 an ounce.
BASE METALS
London copper eased on Monday as buying was thinned by holidays in China and Japan a session after it notched up its biggest one-day advance in more than five years on receding trade war concerns. London Metal Exchange slipped by 1 percent to $6,303 a tonne after prices surged by 4.6 percent in the previous session to $6,382.50 a tonne the highest since July 10. The Shanghai Futures Exchange was closed for its mid autumn holiday.
ENERGY Oil prices rose more than 1% on Monday and climbed near twomonths high as the Organization of Petroleum Exporting Countries (OPEC) issued a tepid response to U.S. President Donald Trump demand to lower oil prices. The Energy Information Administration released its report on US natural gas stocks showing a buildup of 86 billion cubic feet in the week ending September 14 up from 69 billion in the previous reading, while analysts expected an 81 billion increase.
8
Copyright Š 2018 Ways2Capital. All rights reserved
25/09/2018
NCDEX Fundamentals SPICES Jeer failed to show 1-sided strong movement as lower trading activities in mandis kept prices very volatile. However rising demand on the export and Festive season domestic front supported prices. Falling stocks too is a supporting factor. Prices are quite low therefore some gains can be expected this week. Sentiments remained weak for Turmeric even as market sources expect prices to bounce back soon from these lower levels. Good sowing reports kept sentiments negative.
OILSEEDS Mentha traded with high volatility as profit booking was noted after the recent highs. Fresh buying interest in spot markets (at lower rates) could support prices and in coming sessionsmarkets may look to recover. Traders are reportedly waiting for some more dips in prices for fresh demand.Bearish report from USDA and sharp fall in Malaysian palm oil kept pressure on Soya oil. Soya oil had faced resistance in moving above 750 level during last few weeks although the downside has been limited up to 722- 723.
GUAR COMPLEX Trend remained firm for Guar as reports of a fall in sowing area in the main growing state of Rajasthan supported prices. Lower rains earlier this year during Monsoon had adversely affected the sowing. With stocks reportedly on the lower side and falling amidst no new arrivals for now sentiments are looking positive for the counter. As the bearish impact of rains gradually get over fall in prices may be limited from the monsoon factor.
OTHERS Bearish trend was noted for Cotton / Kapas. Bearish reports from USDA may limit upside moves as of now. Govt doubled import duty on 328 textile items to 20%. Rise in duties would give edge to domestic manufacturers as imported products are currently cheaper. RM seed futures will stabilize once the probable impact of NAFED selling is discounted fully. Considering the broader fundamentals buying interest may remain impressive in coming weeks.
9
Copyright Š 2018 Ways2Capital. All rights reserved
25/09/2018
Calls of the Week (MCX) SILVER From last couple of trading weeks Silver is trading with positive sentiment with positive RSI and we are expecting that Silver can continue its positive trend from this week also. Last week Silver made a high of 37845 and closed at 37590 with overall marginal gain of 1.61% on weekly basis. Silver recently broken its downtrend channel on upper side and sustaining above it indicating positive movement in it. For this week, if it breaks the level of 37600 on the upper side then it can test the level of 38500 during the week. One can make buy position in it by maintaining a SL at 37340.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
DETAILS
Buy
Above 37600
Target
38500
SL
37340
GOLD From last couple of trading weeks Gold is trading with positive sentiment with positive RSI and sustaining above the level of 30,000. Last week Gold made a high of 30928 and closed at 37582 with overall marginal gain of 0.48% on weekly basis. On its daily chart Gold is forming bullish flag formation indicating positive movement in it. For this week, if it breaks the level of 37700 on the upper side then it can test the level of 31200 during the week. One can make buy position in it by maintaining a SL at 30622.
WEEKLY STRATEGY PARTICULAR
Action Entry Range
10
Copyright Š 2018 Ways2Capital. All rights reserved
DETAILS
Buy Above 30700
Target
31200
SL
30622
25/09/2018
Calls of the Week (NCDEX) DHANIYA Last week Dhaniya made a low of 5080 and closed at 5094 with overall marginal loss of 2.69% on weekly basis. On its daily chart Dhaniya is forming lower highs and lower lows formation indicating negative movement in it for short term to mid term basis. For this week, if it breaks the level of 5020 on the lower side then it can test the level of 4870 during the week. One can make sell position in it by maintaining a SL at 5075.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
DETAILS
Sell
Below 5020
Target
4870
SL
5075
COKUDAKL From last couple of trading weeks COCUDAKL is trading in range and forming symmetric triangle formation on its four hourly chart. Last week COCUDAKL made a low of 1668 and closed at 1693.50 with overall marginal loss of 0.41% on weekly basis. On its daily chart COCUDAKL is trading near the support level of 1700 with positive RSI and we are expecting positive movement in it. For this week, if it breaks the level of 1730 on the upper side then it can test the level of 1850 during the week. One can make buy position in it by maintaining a SL at 1679.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
11
Copyright Š 2018 Ways2Capital. All rights reserved
DETAILS
Buy
Above 1730
Target
1850
SL
1679
25/09/2018
Calls of the Week (FOREX) EURINR EURINR continuously trading with positive sentiment and recently broken its bullish flag pattern and sustaining above it indicating short term positive movement in it. Last week EURINR made a high of 73.3425 and closed at 72.4975 with overall marginal gain of 0.34% on weekly basis. For this week, if it breaks the level of 85.9100 on the upper side then it can test the level of 86.4900 during the week. One can make buy position in it by maintaining a SL at 85.5975.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
DETAILS
Buy
Below 85.9200
Target
86.4900
SL
85.5975
GBPINR The primary trend of GBPINR is bullish on chart and from last couple of trading weeks GBPINR is trading with positive sentiment with positive RSI. Last week GBPINR made a high of 96.6600 and closed at 95.7600 with overall marginal gain of 0.85% on weekly basis. For this week, if it breaks the level of 95.8100 on the upper side then it can test the level of 96.3900 during the week. One can make buy position in it by maintaining a SL at 95.4975.
WEEKLY STRATEGY
PARTICULAR
Action
Entry Range
12
Copyright Š 2018 Ways2Capital. All rights reserved
DETAILS
Buy
Above 95.8100
Target
96.3900
SL
95.4975
25/09/2018
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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25/09/2018