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
30-Nov-18
151.80
149.55
150.50
145.50
147.05
-3.13%
0.13%
21.31%
Copper
30-Nov-18
453.00
454.50
460.50
440.65
444.70
-1.83%
19.19%
14.90%
Crude Oil
16-Nov-18
5,115
5,110
5,135
4,847
4,951
-3.21%
15.65%
-4.82%
Gold
05-Dec-18
31902
31880
32280
31785
31937
0.11%
136.07%
6.28%
Lead
30-Nov-18
147.2
148.00
149.35
146.40
146.8
-0.27%
-27.02%
-3.14%
Natural Gas
27-Nov-18
243.40
240.00
244.00
231.40
235.80
-3.12%
8.55%
-32.17%
Nickel
30-Nov-18
921.00
930.10
934.50
870.00
872.30
-5.29%
14.61%
92.69%
Silver
05-Dec-18
38796
38841
39268
38571
38712
-0.22%
56.68%
1.05%
Zinc
31-Oct-18
196.35
197.35
202.20
194.55
197.70
0.69%
-5.65%
6.44%
NCDEX Market Wrap-Up Contract
Previous Close
Open
High
Low
Close
% Change in Price
% Change in Open Interest
% Change in Volume
Castor Seed
20-Nov-18
5266.00
5284.00
5538.00
5284.00
5486.00
4.18%
13.78%
7.48%
Chana
20-Nov-18
4098.00
4107.00
4199.00
3940.00
3952.00
-3.56%
32.42%
33.51%
Dhaniya
20-Nov-18
5646.00
5625.00
5925.00
5591.00
5786.00
2.48%
51.53%
11.60%
COCUDAKL
20-Dec-18
1797.00
1776.00
1898.00
1766.00
1872.50
4.20%
-1.66%
1.76%
Guargum5
20-Nov-18
9806.00
9843.00
10510.00
9780.00 10315.00
5.19%
14.94%
7.81%
Guarseed10
20-Nov-18
4544.50
4547.00
4784.00
4526.00
4713.50
3.72%
-0.08%
4.97%
Jeera
20-Nov-18
20365.00 20285.00
20420.00 19430.00 19570.00
-3.90%
-16.37%
11.55%
RMseed
20-Nov-18
4173.00
4165.00
4234.00
4137.00
4196.00
0.55%
30.05%
-1.81%
Ref Soya Oil
20-Nov-18
765.60
764.10
765.70
748.30
751.15
-1.89%
-16.84%
27.92%
Soyabean
20-Nov-18
3246.00
3232.00
3316.00
3149.00
3270.00
0.74%
23.56%
23.69%
Turmeric
20-Nov-18
6560.00
6600.00
6698.00
6486.00
6674.00
1.74%
71.99%
7.62%
Mentha Oil
31-Dec-18
1734.00
1755.60
1835.50
1745.00
1820.80
5.01%
50.15%
5.12%
Commodity
Currency Market Wrap-Up Contract
Previous Close
Open
High
Low
Close
Change in Price (in%)
USDINR
28-Nov-18
74.1375
73.7500
74.1725
73.4000
73.6800
-0.62%
GBPINR
28-Nov-18
96.2125
96.3600
96.5500
94.2600
94.3850
-1.90%
JPYINR
28-Nov-18
66.3875
65.6975
66.0950
65.3000
65.8900
-0.75%
EURINR
28-Nov-18
84.7625
84.9675
84.4100
83.6850
83.7550
-1.19%
Currency Pair
Continued…….
2
Copyright © 2018 Ways2Capital. All rights reserved
29/10/2018
Market Wrap-Up International Market Wrap-up Exchange
Previous Close
Open
High
Low
Close
% Change in Price
LME
2008.50
2010.75
2031.75
1975.75
2001.00
-0.37%
Copper
COMEX
2.782
2.770
2.812
2.720
2.744
-1.37%
Crude Oil
NYMEX
69.37
96.41
69.66
65.74
67.59
-2.57%
Gold
COMEX
1225.30
1224.50
1238.60
1219.60
1232.50
0.59%
Lead
LME
1996.25
1995.50
2027.75
1983.50
1995.75
-0.03%
NYMEX
3.229
3.227
3.250
3.102
3.185
-1.36%
Nickel
LME
12472.50
12580.00
12727.50
11810.00
11877.50
-4.77%
Silver
COMEX
14.564
14.665
14.665
14.660
14.635
0.49%
Zinc
LME
2626.75
2626.00
2720.00
2609.50
2659.50
1.25%
Commodity Aluminium
Natural Gas
3
Copyright © 2018 Ways2Capital. All rights reserved
29/10/2018
Inventory Updates LME Inventory Closing (As on 26th Oct 18) In tones
Closing (As on 19th Oct 18) in tones
% Change in Price
Aluminium
1049525
1072950
-2.18%
Copper
149575
158300
-5.51%
Lead
112475
115725
-2.81%
Nickel
219654
219924
-0.12%
Zinc
157725
173050
-8.86%
Commodity
Continued…….
4
Copyright © 2018 Ways2Capital. All rights reserved
29/10/2018
Inventory Updates
5
Copyright © 2018 Ways2Capital. All rights reserved
29/10/2018
Market Next Week Upcoming Economic Events Calender Time
Currency
Event
Forecast
Previous
Monday, October 29, 2018 18:00
GBP
Autumn Budget
18:00
USD
Core PCE Price Index (YoY) (Sep)
2.00%
2.00%
18:00
USD
PCE Deflator (MoM)
0.10%
0.10%
18:00
USD
Personal Spending (MoM) (Sep)
0.40%
0.30%
6.00%
5.90%
136
138.4
Tuesday, October 30, 2018 18:30
USD
S&P/CS HPI Composite - 20 n.s.a. (YoY) (Aug)
19:30
USD
CB Consumer Confidence (Oct) Wednesday, October 31, 2018
6:30
CNY
Manufacturing PMI (Oct)
50.6
50.8
6:30
CNY
Non-Manufacturing PMI (Oct)
54.9
54.9
17:45
USD
ADP Nonfarm Employment Change (Oct)
190K
230K
20:00
USD
Crude Oil Inventories
6.346M
Thursday, November 1, 2018 17:30
GBP
BoE Inflation Report
18:00
USD
Initial Jobless Claims
213K
215K
18:00
USD
Nonfarm Productivity (QoQ) (Q3)
1.90%
2.90%
18:00
USD
Unit Labor Costs (QoQ) (Q3)
1.20%
-1.00%
19:15
USD
Manufacturing PMI (Oct)
55.9
55.9
19:30
USD
ISM Manufacturing Employment (Oct)
58.5
58.8
52
52.1
0.20%
0.30%
Friday, November 2, 2018 15:00
GBP
Construction PMI (Oct)
18:00
USD
Average Hourly Earnings (MoM) (Oct)
18:00
USD
Exports
209.43B
18:00
USD
Imports
262.67B
18:00
USD
Nonfarm Payrolls (Oct)
191K
134K
18:00
USD
Private Nonfarm Payrolls (Oct)
183K
121K
18:00
USD
Trade Balance (Sep)
-53.40B
-53.20B
18:00
USD
Unemployment Rate (Oct)
3.80%
3.70%
Currency Weekly Pivots Currency Pair
Contract
R3
R2
R1
PP
S1
S2
S3
USDINR
28-Nov-18
75.3000
74.5000
74.1000
73.7500
73.3500
73.0000
72.2000
GBPINR
28-Nov-18
99.6500
97.3500
95.8500
95.0500
93.5500
92.7500
90.4500
JPYINR
28-Nov-18
67.3500
66.5500
66.2000
65.7500
65.4000
64.9500
64.1500
EURINR
28-Nov-18
85.4000
84.6500
84.2000
83.9500
83.5000
83.2500
82.5000 Continued…….
6
Copyright © 2018 Ways2Capital. All rights reserved
29/10/2018
Market Next Week MCX Weekly Pivots Commodity
Contract
R3
R2
R1
PP
S1
S2
S3
Aluminium
30-Nov-18
157.70
152.70
149.90
147.70
144.90
142.70
137.70
Copper
30-Nov-18
488.30
468.45
456.55
448.60
436.70
428.75
408.90
Crude Oil
16-Nov-18
5554
5266
5108
4978
4820
4690
4402
Gold
05-Dec-18
32991
32496
32216
32001
31721
31506
31011
Lead
30-Nov-18
153.40
150.45
148.60
147.50
145.65
144.55
141.60
Natural Gas
27-Nov-18
262.25
249.65
242.70
237.05
230.10
224.45
211.85
Nickel
30-Nov-18
1021.25
956.75
914.50
892.25
850.00
827.75
763.25
Silver
05-Dec-18
40244
39547
39130
38850
38433
38153
37456
Zinc
31-Oct-18
213.45
205.80
201.75
198.15
194.10
190.50
182.85
NCDEX Weekly Pivots Commodity
Contract
R3
R2
R1
PP
S1
S2
S3
Castor Seed
20-Nov-18
5944
5690
5588
5436
5334
5182
4928
Chana
20-Nov-18
4548
4289
4121
4030
3862
3771
3512
Dhaniya
20-Nov-18
6435
6101
5944
5767
5610
5433
5099
COCUDAKL
20-Dec-18
2109.50
1977.50
1925.00
1845.50
1793.00
1713.50
1581.50
Guargum5
20-Nov-18
11662
10932
10623
10202
9893
9472
8742
Guarseed10
20-Nov-18
5190.50
4932.50
4823.00
4674.50
4565.00
4416.50
4158.50
Jeera
20-Nov-18
21787
20797
20183
19807
19193
18817
17827
RMseed
20-Nov-18
4383
4286
4241
4189
4144
4092
3995
Ref Soya Oil
20-Nov-18
789.85
772.45
761.80
755.05
744.40
737.65
720.25
Soyabean
20-Nov-18
3579
3412
3341
3245
3174
3078
2911
Turmeric
20-Nov-18
7043
6831
6753
6619
6541
6407
6195
Mentha Oil
31-Dec-18
1981.5
1891.0
1855.9
1800.5
1765.4
1710.0
1619.5
7
Copyright © 2018 Ways2Capital. All rights reserved
29/10/2018
MCX Fundamentals BULLION Gold demand in India this week was muted as a recent rally in domestic prices prompted buyers to postpone purchases despite the approaching festival and wedding season. Gold prices are up more than 6 percent after falling to $1,159.96 an ounce in mid August the lowest since January 2017. Holdings in the worlds largest gold-backed exchange traded fund SPDR Gold Trust saw outflows of about 4.5 million ounces between late April and early October. But holdings are now at their highest since the end of August at 24.1 million ounces.
BASE METALS
Copper prices were slightly down after falling 1 percent on Friday as global equities headed for their worst week in more than five years overshadowing a supply shortage of the metal building in the market. Available London Metal Exchange copper inventories fell to their lowest in nearly 13 years while cash copper traded at its highest premium to the three month future in nearly three years.
ENERGY Oil prices were stable on Monday supported by a bounce in Asian stocks but analysts said sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing. Despite the gains and calmer financial markets early on Monday sentiment among investors remained cautious after hefty losses last week.The Energy Information Administration released its report on US natural gas storage showing a build of 58 billion cubic feet in the week ending October 19, adding to the 81 billion addition in the previous reading while analysts expected a 47 billion increase.
8
Copyright Š 2018 Ways2Capital. All rights reserved
29/10/2018
NCDEX Fundamentals SPICES Moderate weak trend persisted for Jeer as it failed to hold above the 20000 mark after the recent highs even as overall sentiments remains firm from falling stocks rising demand and expected fall in sowing from lower rains in Gujarat/Rajasthan. Possibilities of delayed sowing too could support prices in the medium term. Turmeric failed to show strong movement with prices finding some support at these lower levels. But high stocks amidst lack of very strong demand kept pressurizing prices. Technically trend did not look very positive for now.
OILSEEDS Mentha traded with slight firmness as expected rise in winter season demand continued supporting buying sentiments and it broke strong resistance levels indicating further upside in coming days. Adverse reports on the production front too shall continue supporting prices in coming weeks. Weakness in the International markets weighed over edible oil market therefore Soya oil failed to recover for yet another session. Weakness in palm oil added to bearish tone. Ahead of Indian/US harvest season of the soy bean crop not much of upside is expected in edible oils especially soya oil.
GUAR COMPLEX Bullish trend persisted for Guar on apprehensions of lower production from less rains received in Rajasthan. Reports of lower arrivals of the new crop amidst prospects of fall in sowing area in Rajasthan are likely to support prices in medium term. With low rains reported in West Rajasthan and excess rains reported in East Rajasthan this year market sources believe both these factors to be damaging for the crop.
OTHERS Sentiments currently remain positive from news of China lifting ban on import of Indian Rapemeal. Normally his implies that crushing demand for Rapeseed shall increase therefore buying interest was impressive in the futures market.Market participants were unaware of any fresh bearish report from spot mandis therefore soy bean futures at NCDEX ended the day on strong note. Slightly positive cues from the recently released USDA report again helped soy bean in recovering from lower levels. 9
Copyright Š 2018 Ways2Capital. All rights reserved
29/10/2018
Calls of the Week (MCX) ALUMINIUM Last week Aluminium made a low of 145.50 and closed at the level of 147.05 with overall marginal loss of 3.13% on weekly basis. Aluminium continuously trading with downtrend channel and recently Aluminium broken its resistance trend line and sustaining near the level of 147. For this week if it is break the level of 147.70 on upper side then it can test the level of 152.70. One can make buy position in it with SL of 146.40.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
DETAILS
Buy
Above 147.70
Target
152.70
SL
146.40
GOLD From last couple of trading weeks Gold is trading in range between the level of 32100-31800 and forming descending triangle formation on higher level. Last week Gold made a low of 31785 and closed at 31937 with overall marginal gain of 0.11% on weekly basis. On its daily chart Gold is forming lower highs formation indicating negative trend in it. For this week, if it breaks the level of 31780 on the lower side then it can test the level of 31352 during the week. One can make sell position in it by maintaining a SL at 31911
WEEKLY STRATEGY PARTICULAR
Action Entry Range
10
Copyright Š 2018 Ways2Capital. All rights reserved
DETAILS
Sell Below 31.780
Target
31352
SL
31911
29/10/2018
Calls of the Week (NCDEX) COKUDAKL Last week COCUDAKL started a week on positive not but found enough resistance near the level of 1900 and made bearish candlestick pattern on higher level. Last week COCUDAKL made a high of 1898 and closed at the level of 1872.50 with overall marginal gain of 4.20% on weekly basis. For this week if it is break the level of 1850 on lower side then it can test the level of 1722. One can make sell position in it with SL of 1906.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
DETAILS
Sell
Below 1850
Target
1722
SL
1906
CHANA From last couple of trading weeks Chana is trading with negative sentiment buy unable to break the level of 3900 and we seen that 3900 level reacted as a strong support zone in Chana. Last week Chana made a low of 3940 and closed at the level of 3952 with overall marginal gain of 3.56% on weekly basis. Technically Chana is trading above its support level of 3900 and we are expecting bounce back in it from lower level. For this week if it is break the level of 4000 on upper side then it can test the level of 4150. One can make buy position in it with SL of 3945.
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
11
Copyright Š 2018 Ways2Capital. All rights reserved
DETAILS
Buy
Above 4000
Target
4150
SL
3945
29/10/2018
Calls of the Week (FOREX) JPYINR Last week JPYINR Oct Futures started the week on positive note and made a high of 66.0950 but till the end of the week, market closed below the level of 66.0000 and it closed at 65.8900 with the overall loss of 0.75 per cent on weekly basis. Technically it consolidating below the major psychological support level of 66.0000 with the negative RSI and for this week, we can expect further downside movement in it. For this week, if it breaks the level of 65.6800 on the lower, then it can test the level of 65.2525 during the week. One can make sell position in it by maintaining a SL 66.0025
WEEKLY STRATEGY PARTICULAR
Action
Entry Range
DETAILS
Sell
Below 65.8000
Target
65.2525
SL
66.0025
USDINR Last week USDINR Oct Futures started the week on positive note and made a high of 74.1725 but till the end of the week, all of its earlier gains were erased and it closed at 73.6800 with the overall loss of 0.62 per cent on weekly basis. Technically it consolidating near to the trend line breakout with negative RSI and for this week, we can expect profit booking in it from the higher levels. For this week, if it breaks the level of 73.4000 on the downside, then it can test the level of 73.9125 during the week. One can make sell position in it by maintaining a SL 73.8025.
WEEKLY STRATEGY
PARTICULAR
Action
Entry Range
12
Copyright Š 2018 Ways2Capital. All rights reserved
DETAILS
Sell
Above 73.4000
Target
72.9125
SL
73.8025
29/10/2018
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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29/10/2018