TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) NIFTY FIFTY : The Equity benchmark open in a Positive note on Monday. The 50 Shares Nifty up by 48 points or 0.57 percent at 8376 or Above its Crucial Level of 8350. The one of the key drivers of the rally in Domestic Market has been the Spread and Quantity of Monsoon Rainfall Across the Country. Now there is more optimistic view on GST bill is bringing the more positive sentiments. It was a week for Sharp rebound for the Domestic Market which pushed the benchmark Indices higher by up to 3 per cent, as Investors Judge the Brexit Impact as Over - hyped in the Indian Context. The announcement of 7th pay Commission Award is also positive trigger for the Market.The consolidation is likely to continue. Now we expect the Forthcoming earning season will decide the future direction of the market. The crucial levels for Nifty is 8380-8420 is up side and 8250-8200 is down side.
BANK NIFTY : - Bank Nifty has Opened in a positive note on Monday up by 106 point’s or 0.58 per cent at 18091. The Fitch rating agency said Indian banks will need about $ 90 billion of capital to meet the new Basel III capital norms to be Implemented by the financial year ending march 19. and More than 80 per cent of which will be needed by Public Sector Lenders according to report. Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies in 2015-16 was only a trickle of the NPA amount at 2 per cent of the total of nearly Rs. 5.8 trillion, which is down a whopping 20 per cent from previous year, Kotak Institutional equities said in a report. The Bank Nifty Seems Medium term bullish to the level of 18600. The crucial levels for Bank Nifty is 18250-18480 up side and 17790-17560 is down side.
Monday, 11 July 2016
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY
WEEKLY
R2
R1
PP
S1
S2
8507
8383
8321
8259
8135
R2
R1
PP
S1
S2
8447
8337
8227
8007
R1
PP
S1
S2
8446
8336
8226
8006
R2
R1
PP
S1
S2
18490
18156
17990
17824
17492
R2
R1
PP
S1
S2
18250
18015
17780
17310
R2
R1
PP
S1
S2
18721
18251
18016
17781
17311
8667
MONTHLY
R2 8666
BANK NIFTY DAILY
WEEKLY
18720
MONTHLY
MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY
8239
8088
7811
7815
BANK NIFTY
17807
17353
16395
16547
PARABOLIC SAR
DAILY
WEEKLY
MONTHLY
NIFTY
8040
7935
7001
BANK NIFTY
17200
16870
13700
PATTERN FORMATION ( NIFTY )
Detail of Chart On the Above given daily Chart of Nifty has Applied the Bollinger Band along with Parabolic Sar the Nifty chart suggesting that the Bullish Movement may continue for the upcoming week if the Nifty is Able to break the upper level of Bollinger Band we could witness the Nifty level around 8500. In the Nifty Chart Parabolic Sar is also suggesting that if the Nifty is ble to sustain the level of 8300-8350 may lead toward the 8450-8500 in near term both the indicators is giving the Bullish Signal for the Nifty if the cues from global and Domestic market Support the Nifty can touch the level of 8500 in near term. The Crucial levels for Nifty is 8250-8300 down Side and 8350-8380 is up side.
PATTERN FORMATION ( BANK NIFTY )
Details of ChartOn the Above given daily chart of Bank Nifty has Applied the Bollinger band Which gives the Early indication of Bull or bear Market through break the Above or below band of indicators. Some traders buy when it break the Upper Band And some From Middle Band from below Side depend on the trader and investors. On the Above given Chart the Bank Nifty is Trading near its Upper band Above break will give the sentiment of Bull Market and the the chart also Formed the Strong Resistance at Upper Band of Bollinger Band which is clearly bull movement the Crucial Levels for Bank Nifty is 18000-18200 is down side and 18380-18430 is up side.
NSE EQUITY DAILY LEVELS COMPANY NAME
R2
R1
PP
S1
S2
ACC ALBK
EQ EQ
1619 82
1609 79
1601 77
1591 74
1583 72
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBARODA BANKINDIA BHEL BHARTIARTL CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL KOTAKBANK LT M&M MRF MARUTI ONGC ORIENTBANK RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SSLT( VEDL) SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK
EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ
263 1029 552 2649 162 114 144 366 527 316 163 3609 388 4604 730 1315 1191 3207 130 933 247 250 1144 1173 72 752 1571 1473 35694 4204 227 125 54 412 994 577 54 222 148 790 471 75 323 136
261 1019 549 2627 158 111 141 360 524 313 158 3585 381 4574 726 1301 1182 3188 128 926 244 248 1135 1165 71 746 1553 1463 35447 4183 225 122 52 408 986 569 53 220 145 783 469 74 320 132
259 1004 544 2614 156 108 138 357 518 312 155 3540 378 4549 720 1286 1177 3150 127 920 242 245 1120 1159 69 742 1537 1455 35224 4155 224 119 51 404 982 564 52 218 143 779 465 73 316 130
257 994 541 2592 152 105 135 351 515 309 151 3516 371 4519 716 1272 1168 3131 125 913 239 243 1111 1151 68 736 1519 1445 34977 4134 222 116 49 400 974 556 51 216 140 772 463 72 313 126
255 979 536 2579 150 102 132 348 509 308 148 3471 368 4494 710 1257 1163 3093 124 907 237 240 1096 1145 66 732 1503 1437 34754 4106 221 113 48 396 970 551 50 214 138 768 459 71 309 124
TOP 15 ACHIEVERS
SR.NO
1 2 3 4
SCRIPT NAME
LUPIN LIMITED
+4.43 %
AURO PHARMA
746
778
+4.38 %
HUL
DR. REDDY’S
AMBUJA CEMENT SUN PHARMA
11 12 13 14 15
+5.56 %
137
BHARAT PETRO 9 10
1639
% CHANGE
132
CIPLA 7 8
1552
CMP
BHEL
HDFC 5 6
PREV CLOSE
//
TATA MOTORS HINDALCO INDUS ADANI PORTS
1242 897 508 3484 1091 252 763 457 124 207
1286 920 520 3561 1114 258 777 466 126 207
+3.59 % +2.57 % +2.30 % +2.21 % +2.08 % +2.04 % +1.85 % +1.83 % +1.68 % +1.35 %
ASIAN PAINTS
1002
1010
+0.82 %
ICICI BANK
240
241.60
+0.67 %
SR.NO
1 B11+B11+B11+B112+B11 H334H334H334H334H33 E27. E27. E27. E273. E27 L 4L 4L 4L 4L H11+3H11+3H11+3H114+3H11 D223D223D223D223D22 F48.%F48.%F48.%F485.%F48 C265C265C265C265C26 C55+9C55+9C55+9C556+9C55 I 022I 022I 022I 022I 02 P80.%P80.%P80.%P807.%P80 L 3L 3L 3L 3L B A11+0B A11+0B A11+0B A118+0B A11 H012H012H012H012H01 A91.%A91.%A91.%A919.%A91 R140R140R140R140R14 SA77+8SA77+8SA77+8SA77 +8SA77 10 U T671U T671U T671U T671U T67 N37.%N37.%N37.%N37 .%N37 11 P 8P 8P 8P 8P H +5H P P P P P E11+5H E11+5H E11+5H E11 E11 12 IH T221IH T221IH T221IH T221IH T22 N .%N A A A A A R46.%N R46.%N R46.%N R46 R46 13 D R R R R R O 6D O 6D O 6D O 6D O A 11+8A +8A M M11+8A M11+8A M11 M11 14 SLA000SLA000SLA000SLA000SLA00 IC01.%IC01.%IC01.%IC01.%IC01 A 08A O208A O208A O208A O215 O20 N 2N 2N 2N 2N I I I I I P N %P N %P N %P N %P N A D A D A D A D A D IU IU IU IU IU N S N S N S N S N S T T T T T S +S +S +S +S +
TOP 15 LOOSERS
SCRIPT NAME
PREV CLOSE
CMP
GAIL INDIA LTD.
395
375
IDEA CELLULAR
106
102
BHARTI AIRTEL
368
355
TATA STEEL
328
318
TCS
2500
2426
ITC LIMITED
252
245
BAJAJ AUTO LTD.
2671
2604
GRASIM INDUS.
4643
4540
NTPC
156
153
TECH MAHINDRA
511
502
TATA POWER CO.
74.35
73.20
BHARTI INFRATE
350
344
HCL TECH
731
721
KOTAK BANK
753
743
ACC
1617
1597
% CHANGE
-5.02 % -3.82 % -3.61 % -2.97 % -2.97 % -2.58 % -2.50 % -2.21 % -1.88 % -1.65 % -1.55 % -1.54 % -1.35 %
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS) +13.67 AMBUJA CEMENT AM 204 232 % BUJ 18128 20371 1. B +12.37 2. B 123. 124. 125. 12B12B B Cash Pack % 1O 1O 1O A O OSCH 8 0 8 0 8 0 801 801 +11.68 ACC 1240 1385 ACC 2 2 2 2 2 CEM S % NSE LTD. 13. S13. S 13. S13TGT NSE CASH : BUY WELSPUNIND CASH ABOVE 112 . 13. 118 SL 108.65. ENT C 273C273C273C273 273 H 817H817H817H817 817 NSE CASH : BUY NATCOPHARM NSE CASH ABOVE 600 TGT 630 SL 565. % L L %L %L % % T T380 SL 349. NSE CASH : BUY M&MFINTNSE CASH ABOVE 360TTGT D DDD . . . .
6.
B O S C H L T D .
-1.32 % -1.22 %
I 11- I 11- I 11- I 11- I 11 D003D003D003D003D00 E62. E62. E62. E62. E62 A 8A 8A 8A 8A T33-2T33-2T33-2T33-2T33 A C212A C212A C212A C212A C21 TE88.%TE88.%TE88.%TE88.%TE88 A L 9A L 9A L 9A L 9A L IL22-7IL22-7IL22-7IL22-7IL22 TSU542TSU542TSU542TSU542TSU54 C TL25.%C TL25.%C TL25.%C TL25.%C TL25 EA 5EA 5EA 5EA 5EA G LER44-8G LER44-8G LER44-8G LER44-8G LER44 R IL652R IL652R IL652R IL652R IL65 A 44.%A M M44.%A M44.%A M44.%A M44 SI 302SI 302SI 302SI 302SI 30 TIT55-1TIT55-1TIT55-1TIT55-1TIT55 EM E101EM E101EM E101EM E101EM E10 C D12.%C D12.%C D12.%C D12.%C D12 H I 6H I 6H I 6H I 6H I B N33-5B N33-5B N33-5B N33-5B N33 H M M M M M D541H D541H D541H D541H D54 A U04.%A U04.%A U04.%A U04.%A U04 R H H H H H S 5R S 5R S 5R S 5R S K TI. 77-4K TI. 77-4K TI. 77-4K TI. 77-4K TI. 77 O IN541O IN541O IN541O IN541O IN54 TID33.%TID33.%TID33.%TID33.%TID33 A N N N N N R 3A R 3A R 3A R 3A R K FA 2K FA 2K FA 2K FA 2K FA R R R R R B A %B A %B A %B A %B A A T A T A T A T A T N E N E N E N E N E K K K K K
NSE - WEEKLY NEWS LETTERS � TOP NEWS OF THE WEEK FIPB clears FDI proposals worth Rs 643 crore - Foreign Investment Promotion Board has cleared four FDI proposals entailing overseas investment of about Rs 643 crore. The inter-ministerial panel, headed by Economic Affairs Secretary Shaktikanta Das, has approved Rs 420 crore FDI proposal of Advanced Enzyme Technologies which intends to sell its stake to foreign investors by making fresh issuance of shares. FIPB has also given its approval to Corona Remedies Private's investment worth Rs 118 crore. The company had sought approval for foreign investment of 19.51 per cent by Mauritius-based Cydista, a Finance Ministry statement said. The board also cleared proposals of Macmillan Publishers International and Ordain Health Care Global, entailing investment flow of Rs 28.20 crore and Rs 77.05 crore, respectively.
NPA mess a key challenge: Arun Jaitley - Strategy to improve overall performance of state-run banks, reviving stalled projects and increasing private sector investment are major challenges before the government, finance minister Arun Jaitley told financial regulators on Tuesday. He also said that due to better spread of monsoon, the government is expecting higher production of pulses this year compared to previous years, which in turn will substantially ease prices in the market. The Financial Stability and Development Council also discussed the current macroeconomic situation, likely impact of Brexit, the external scenario, problem of stressed assets and the issue of redemption of foreign currency deposits. "As far as the redemption of these deposits is concerned,there was an overwhelming view that the situation is under control and there is no problem at all," said sources.
Domestic shocks to shake up 7.5% GDP growth in short term: Moody's - Over the next two years, India's growth will face challenge from lacklustre global demand, high corporate leverage and impaired credit supply, Moody's Investors Service said, but argued for a better medium term outlook. The American ratings agency, which has forecast 7.5% real GDP growth for the next two years, said it sees a downside risk to the forecast because of potential negative external or domestic shocks. "Continued high corporate leverage, low nominal domestic growth and lack of corporate pricing power, will hold back investment activity for at least several quarters," said Marie Diron, senior vice-president at Moody's. Poor asset quality and weak capitalization will restrict the lending capacity of public sector banks, she said.
Britain may woo Indian cos with tax breaks, lesser regulation: RBI - With Britain deciding to leave the European Union, one can expect the country attracting Indian firms to invest there with bigger incentives in terms of tax breaks and lesser regulation, an RBI official has said. Inaugurating a seminar on 'Importance of Financial Documents in Foreign Trade' here, U Chiranjeevi General Manager In-charge, Reserve Bank of India, Kochi, said the implications of Brexit are significant for China and India as they are significant exporters to the EU and and Britain. "In all probability, they will have to revisit bilateral investment protection agreements with the UK separately. The UK accounts for 15 per cent of India's total merchandised trade, but its share has been declining." "Thus, one can expect Britain to try extra hard to woo Indian companies to invest there by providing much bigger incentives in terms of tax breaks, lesser regulation and other financial incentives," he said.
Better monsoon to push rural demand, help fiscal health: ICRA - With monsoon spreading across the country, domestic rating agency ICRA said better rains will help push rural demand and may also benefit fiscal health of states and the Centre if demand for work under the MGNREGA scheme eases. The higher kharif or summer crop acreage will also help cool down inflation. "The expected rise in farm sector income is likely to reinvigorate rural demand in the second half of this fiscal, complementing the boost to consumption related to the revised pay and pensions for central government employees," ICRA’S Senior Economist Aditi Nayar said.
India slips to 91st place on readiness for digitised economy - : India has slipped two places to 91st position on a global list of countries in terms of their readiness for transition to a digitised economy and society, while Singapore remains on top. Among the major emerging markets, India is ranked the lowest with Russia retaining the top place at 41st rank, followed by China at 59th , South Africa up 10 places at 65th and Brazil moving up to 72nd position. The annual Networked Readiness Index released today by Geneva-based World Economic Forum is once again topped by Singapore while Finland has also retained its second place. Others in the top-ten are Sweden, Norway, the US, the Netherlands, Switzerland, the UK, Luxembourg and Japan. The index, forming part of the WEF's Global Information Technology Report, measures countries' success in creating the conditions necessary for a transition to a digitised economy and society.
✍ TOP ECONOMY NEWS Business activity in the services sector grew at its second slowest pace in the last 12 months and the Nikkei India Services Business Activity Index recorded 50.3 in June.
Merger & acquisition deals involving Indian companies increased 82% in the first half of 2016 at USD 27 billion in the first half of 2016, the highest in the first six months in any year since 2011 led by a four and a half time increase of Indian acquisitions abroad at USD 4.5 billion.
Power distribution companies, mainly in Jharkhand and Jammu & Kashmir, settled dues of about Rs. 100 billion to central generation companies in April, bringing down total outstanding amount by 45% from Rs. 220 billion in March.
India Post, is carving out a separate vertical to manage banking services, a move that will help it win RBI nod for interoperability of its ATMs with those of PSU banks.
Power generation growth has risen to 9.5% this year so far, as against 5.65% during the ten-year period from 2004 to 2014. The Nikkei Markit India Manufacturing Purchasing Managers’ Index — a composite indicator of manufacturing performance — rose to 51.7 in June from 50.7 in May amid a sharper rise in new orders.
The Oil Marketing Companies have announced a 89 p/l cut in petrol prices along with a 49 p/l cut in diesel prices in order to align the domestic rates of the two automobile fuels with global price benchmarks. India’s external debt as at end-March 2016 witnessed a 2.2% increase over its March 2015 level, primarily on account of a rise in outstanding Non-Resident Indian deposits.
State-oil marketing companies hiked jet fuel price by 5.4% to Rs. 49,287 /kl, the fourth straight price hike in as man.
� TOP CORPORATE NEWS ICICI Bank, the lead banker for Jaiprakash Associates, has invoked the strategic debt restructuring provision, setting in play the process that could pave the way for the lenders cumulatively taking over the company.
Hindustan Unilever Limited will focus on three megatrends -- digitisation, the imperative for sustainability and a changing world economic order -- going forward.
Adani Transmission Limited announced signing of definitive agreement with GMR Energy Ltd to acquire 74% stake in Maru Transmission Service Company and 49% in Aravali Transmission Service Company with an option to acquire 100% in future.
Jaiprakash Associates' plan to sell 21.2 mtpa cement capacity to UltraTech Cement for Rs. 159 billion is on track, claim both the companies.
Mahindra Lifespace Developers is planning to sell a bungalow on south Mumbai's Nepean Sea Road. The developer is selling the three-story property to the trust for around Rs1.77bn.
Equitas Holdings has got a licence from the Reserve Bank of India to start a Small Finance Bank . It is expected to start operations by September or October.
Berger Paints India has completed business transfer agreement with its joint venture firm BNB Coatings.
State Bank of India confirmed that lenders led by State Bank of India have invoked Strategic Debt Restructuring in the matter of Jaiprakash Associates.
Bajaj Electricals has forayed into the premium kitchen appliances segment under the brand name 'Platini by Bajaj'.
Reliance Industries and State joint venture Bank of India have signed the shareholder agreement to set up the payments bank.
State Bank of India has inked agreements with the World Bank for a USD 625 million around Rs. 42 billion facility to support grid connected rooftop solar programme in the
country.
Bosch Limited will buy back 8.78 lakh shares, about 24.99% of the paid up capital of the company, for Rs. 20.20 billion.
� TOP BANKING AND FINANCIAL NEWS OF THE WEEK Bank of Baroda for the first time is set to offer rating-based lending to retail mortgage loan seekers, which involves giving loans based on credit scores and not a uniform rate irrespective of the credit quality. "We have internally switched to scoring-based pricing based on the CIBIL score," PS Jayakumar, MD, Bank of Baroda, told. "With this, we can identify the right kind of borrower, our due diligence becomes easier, and the probability of a default will be minimal, he said.
State Bank of India Capital Markets has invited proposals for independent valuation and determining the swap ratio for the merger of three State Bank of India associates and Bharatiya Mahila Bank with SBI. The proposals have been sought from chartered accountant firms, SBI Caps said in a public notice. The three SBI associates in question are State Bank of Travancore, State Bank of Mysore and State Bank of Bikaner & Jaipur.
The government has cleared Axis Banks Limited proposal to raise foreign investment limit to the maximum permissible level under the rules, approved construction of a major port in Tamil Nadu and allowed a long-term contract with Mozambique for pulses imports to address domestic shortage.
Payments banks will help bring millions of people into the financial system but there is a need to make the system fraud free, a top official of Paytm Payments Bank said today. Paytm Payments Bank CEO Shinjini Kumar also said that they are facing the challenge of KYC norms as mobile numbers of the customers cannot be their IDs. One of the biggest problem that we are going to address is that your mobile number can't be your ID because there is so much churn in the mobile industry that my number may go to you", Kumar said at an event on payments banks in India organized by Cuts International.
Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs. 5.8 trillion, which is down a whopping 20 per cent from previous year, says a report. "The overall loans sold in FY2016 were lower by 20 per cent y-o-y and around 15 per cent of the overall loans in the banking system," Kotak Institutional
Equities said in a report that is based on the analysis of 33 public and private banks.
Asset quality and profitability are not the only factors where public sector banks are under-performing their private sector counterparts. The rate of hiring by PSBs, which traditionally reported a higher headcount, has slowed down significantly over the last five fiscals. The trend coincides with deteriorating cost-income ratio of public sector lenders. Their employee base grew at a compounded rate of 2.5% between FY11 and FY16. In comparison, manpower for a group of leading private sector banks hand expanded by 7.6% during the period. The sample consisted of 12 leading public sector banks and five largest private sector banks excluding Kotak Mahindra Bank, whose employee number is not comparable after it acquired ING Vysya Bank in FY15.
The Fitch Rating Agency said Indian Banks will need About $ 90 billion of Capital to meet the New Basel III Capital norms to be Implemented by the Financial Year ending march 19. and More than 80 per cent of which will be needed by Public Sector Lenders report said.
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