HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
PHONE: 0731-6554125 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
Market Wrap-Up MAJOR INDICES INDEX
CURRENCY MARKET UPDATE
CLOSING (As on 5th Jan 18)
CLOSING (As on 29th Dec 17)
Weekly Change (in %)
Nifty 50
10681.25
10558.85
1.16%
Nifty 100
11159.1
11051.25
0.98%
Nifty 200
5909.2
5855.3
0.92%
Nifty 500
9665.2
9573.45
0.96%
Nifty Auto
11908.4
11929.6
-0.18%
Nifty Bank
25749.05
25601.85
0.57%
Nifty Financial Services
10531.55
10473.25
0.56%
Nifty FMCG
27196.65
26914.3
1.05%
Nifty IT
12099.15
11633.55
4.00%
Nifty Media
3592.1
3529.55
1.77%
Nifty Metal
4189.5
4130.4
1.43%
Nifty Pharma
9741.85
9701.05
0.42%
Crude Oil NYMEX
Nifty PSU Bank
3639.1
3694.7
-1.50%
Crude Oil MCX
Nifty Realty
366.8
347.3
5.61%
India VIX
13.73
13.11
14368.2
14234.2
Nifty Private Bank 2
Current Closing
Previous Closing
Weekly Change (in %)
USDINR
63.61
63.34
0.43%
GBPINR
87.334
85.956
1.60%
EURINR
77.5215
76.198
1.74%
JPYINR
0.5724
0.5602
2.18%
EURUSD
1.2223
1.203
1.60%
GBPUSD
1.3729
1.3571
1.16%
Dollar Index
90.73
91.67
-1.03%
Currency Pair
COMMODITY MARKET UPDATE Commodity
Current Previous Closing Closing
Weekly Change (in %)
Gold COMEX
1334.90
1320.20
1.11%
Gold MCX
29547.00 29217.00
1.13%
64.30
61.56
4.45%
4065.00
3887.00
4.58%
Brent Oil NYMEX
69.87
67.72
3.17%
4.73%
Copper MCX
453.05
452.50
0.12%
0.94%
Natural Gas MCX
204.00
177.10
15.19%
Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018
Market at a Glance World's Major Indices Weekly Movement 0.69%
0.96% 1.11%
NIFTY50 WEEKLY GAINERS
2.06%
1.42% 1.45%
SCRIP
0.00% 0.03% 0.03%
% Change
2.5% 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% -1.0% -1.5%
COAL INDIA YESBANK
-0.38%
TATA STEEL
-1.18%
L&T ADANI PORT
Indices
770.02
0.80%
696.25
600.24
SCRIP 0.60%
Value In Rs. Crores
500
0.40% 0
0.28% -206.3
-500
0.18%
0.13% -303.94
-258.16
-0.05% -572.26
0.00% -0.20%
08-Jan-18
WEEKLY CHANGE (in %)
308.75
278
11.06%
1,078.65
1,014.25
6.35%
550.05
524.95
4.78%
320
310.05
3.21%
926.75
899.5
3.03%
CURRENT CLOSING
PREVIOUS WEEKLY CLOSING CHANGE (in %)
BHARTIARTL
508.4
539.9
-5.83%
BAJAJ-AUTO
3,175.00
3,280.00
-3.20%
BAJFINANCE
1,764.20
1,818.00
-2.96%
HINDALCO
268.45
276.15
-2.79%
NTPC
172.5
177.25
-2.68%
-623.63
-1000
3
0.20%
Nifty % Change
692.83 0.61% 522.9
PREVIOUS CLOSING
NIFTY50 WEEKLY LOSERS
FII & DII Net vs Nifty
1000
CURRENT CLOSING
09-Jan-18 10-Jan-18 11-Jan-18 DII Net FII Net
12-Jan-18
Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018
Economic Calendar UPCOMING ECONOMIC EVENT CALENDER Time
Currency
Event Monday, January 15, 2018
12:00
INR
WPI Inflation (YoY) (Dec)
15:30
EUR
Trade Balance (Nov)
Forecast
Previous
4.00%
3.93%
22.4B
18.9B
Tuesday, January 16, 2018 15:00
GBP
CPI (MoM) (Dec)
0.40%
0.30%
15:00
GBP
PPI Input (MoM) (Dec)
0.40%
1.80%
-
0.90%
Wednesday, January 17, 2018 15:30
EUR
Core CPI (YoY) (Dec)
15:30
EUR
CPI (MoM) (Dec)
0.40%
0.10%
19:45
USD
Industrial Production (MoM) (Dec)
0.50%
0.20%
Thursday, January 18, 2018 7:30
CNY
GDP (QoQ) (Q4)
1.60%
1.70%
7:30
CNY
GDP (YoY) (Q4)
6.70%
6.80%
7:30
CNY
Industrial Production (YoY) (Dec)
6.00%
6.10%
19:00
USD
Building Permits (Dec)
1.300M
1.303M
19:00
USD
Initial Jobless Claims
250K
261K
19:00
USD
Philadelphia Fed Manufacturing Index (Jan)
25
27.9
21:30
USD
Crude Oil Inventories
-3.890M
-4.948M
Friday, January 19, 2018
4
15:00
GBP
Core Retail Sales (MoM) (Dec)
-0.80%
1.20%
15:00
GBP
Retail Sales (MoM) (Dec)
-0.60%
1.10%
Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018
Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
ADANIPORTS
478.80
459.70
440.60
431.40
421.47
412.25
402.35
383.25
364.15
AMBUJACEM
307.00
295.35
283.70
276.35
272.02
264.65
260.35
248.70
237.05
ASIANPAINT
1266.85
1239.65
1212.45
1200.50
1185.25
1173.30
1158.05
1130.85
1103.65
AUROPHARMA
728.50
709.80
691.10
679.50
672.40
660.80
653.70
635.00
616.30
AXISBANK
622.20
601.70
581.20
568.85
560.67
548.30
540.15
519.65
499.15
BAJAJ-AUTO
3641.35
3496.90
3352.45
3263.75
3207.98
3119.25
3063.50
2919.05
2774.60
BAJFINANCE
2061.70
1969.85
1878.00
1821.10
1786.12
1729.20
1694.25
1602.40
1510.55
BHARTIARTL
608.10
577.15
546.20
527.30
515.25
496.35
484.30
453.35
422.40
21320.55
20827.40
20334.25
20032.15
19841.08
19538.95
19347.90
18854.75
18361.60
BPCL
534.50
520.65
506.80
498.20
492.92
484.30
479.05
465.20
451.35
CIPLA
687.40
663.00
638.60
625.30
614.20
600.90
589.80
565.40
541.00
COALINDIA
395.60
363.60
331.60
320.20
299.58
288.15
267.55
235.55
203.55
DRREDDY
2753.30
2654.95
2556.60
2502.80
2458.22
2404.40
2359.85
2261.50
2163.15
EICHERMOT
33308.70
31729.20
30149.70
29319.85
28570.17
27740.30
26990.65
25411.15
23831.65
GAIL
542.25
528.10
513.95
507.10
499.80
492.95
485.65
471.50
457.35
HCLTECH
1042.25
999.25
956.25
941.50
913.25
898.50
870.25
827.25
784.25
BOSCHLTD
Continued ....... 5
Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018
Weekly Pivots NIFTY50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
HDFC
1877.70
1833.95
1790.20
1771.65
1746.42
1727.85
1702.65
1658.90
1615.15
HDFCBANK
1935.50
1912.35
1889.20
1877.10
1866.05
1853.95
1842.90
1819.75
1796.60
HEROMOTOCO
4174.10
4019.90
3865.70
3772.40
3711.50
3618.20
3557.30
3403.10
3248.90
HINDALCO
308.75
296.30
283.85
276.15
271.37
263.65
258.90
246.45
234.00
HINDPETRO
470.00
454.25
438.50
432.25
422.75
416.50
407.00
391.25
375.50
HINDUNILVR
1475.65
1439.85
1404.05
1387.85
1368.22
1352.00
1332.40
1296.60
1260.80
IBULHSGFIN
1375.35
1324.35
1273.35
1250.70
1222.33
1199.65
1171.30
1120.30
1069.30
ICICIBANK
345.65
335.40
325.15
321.20
314.87
310.90
304.60
294.35
284.10
INDUSINDBK
1913.85
1846.85
1779.85
1740.70
1712.83
1673.65
1645.80
1578.80
1511.80
INFRATEL
411.10
398.05
385.00
379.95
371.92
366.85
358.85
345.80
332.75
INFY
1259.10
1193.25
1127.40
1103.05
1061.53
1037.15
995.65
929.80
863.95
IOC
422.60
411.60
400.60
394.70
389.58
383.65
378.55
367.55
356.55
ITC
300.40
289.65
278.90
273.05
268.13
262.25
257.35
246.60
235.85
KOTAKBANK
1102.85
1072.95
1043.05
1030.30
1013.13
1000.35
983.20
953.30
923.40
LT
1437.20
1401.00
1364.80
1347.40
1328.57
1311.15
1292.35
1256.15
1219.95
LUPIN
1015.50
983.50
951.50
933.95
919.47
901.90
887.45
855.45
823.45
6
Copyright © 2017 Ways2Capital. All rights reserved
Continued ....... 16/01/2018
Weekly Pivots NIFTY50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
M&M
809.45
794.15
778.85
772.85
763.52
757.50
748.20
732.90
717.60
MARUTI
9960.95
9781.85
9602.75
9531.40
9423.63
9352.25
9244.50
9065.40
8886.30
NTPC
194.40
187.70
181.00
176.75
174.27
170.00
167.55
160.85
154.15
ONGC
215.85
210.40
204.95
202.50
199.50
197.05
194.05
188.60
183.15
POWERGRID
221.05
213.50
205.95
201.10
198.38
193.50
190.80
183.25
175.70
RELIANCE
1028.90
999.60
970.30
958.45
940.97
929.10
911.65
882.35
853.05
SBIN
332.50
323.00
313.50
308.00
304.00
298.50
294.50
285.00
275.50
SUNPHARMA
663.90
638.90
613.90
598.15
588.87
573.10
563.85
538.85
513.85
TATAMOTORS
473.55
461.35
449.15
442.60
436.93
430.35
424.70
412.50
400.30
TATASTEEL
832.10
811.30
790.50
779.30
769.67
758.45
748.85
728.05
707.25
TCS
3192.20
3046.85
2901.50
2835.70
2756.12
2690.30
2610.75
2465.40
2320.05
TECHM
647.65
612.50
577.35
563.70
542.20
528.55
507.05
471.90
436.75
ULTRACEMCO
4794.20
4667.80
4541.40
4478.35
4414.97
4351.90
4288.55
4162.15
4035.75
UPL
857.20
831.25
805.30
790.65
779.35
764.70
753.40
727.45
701.50
VEDL
374.35
362.20
350.05
344.45
337.88
332.25
325.70
313.55
301.40
WIPRO
382.45
361.00
339.55
329.80
318.08
308.30
296.60
275.15
253.70
YESBANK
388.90
371.75
354.60
347.35
337.43
330.15
320.25
303.10
285.95
ZEEL
655.70
634.05
612.40
604.10
590.73
582.40
569.05
547.40
525.75
7
Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018
Open Interest & Price Analysis SHORT COVERING
LONG BUILD-UP
Change in OI (in %)
Change in Price (in%)
11100
UBL
-28.37%
0.32%
11000
0.09%
ARVIND
-27.58%
3.98%
16.13%
JINDALSTEL
-15.22%
10.39%
-14.03%
5.15%
-12.76%
0.86%
Change in Price (in%)
ZEEL
110.01%
0.97%
CHOLAFIN
65.41%
IDFCBANK
29.18%
Scrip
CAPF
28.50%
15.36%
CGPOWER
ICICIBANK
27.07%
1.85%
GRASIM
Put OI
Call OI
0 50 Open Interest (in Lakhs)
100
10900 10800 Nifty Level
Change in OI (in %)
Scrip
NIFTY OPTIONS OPEN INTEREST ANALYSIS
10700 10600 10500 10400
LONG UNWINDING
SHORT BUILD-UP
Change in OI (in %)
10300
Change in Price (in%)
Change in OI (in %)
Change in Price (in%)
NMDC
56.74%
-1.95%
RCOM
-17.80%
-7.91%
BALKRISIND
51.12%
-4.45%
JETAIRWAYS
-12.29%
-5.09%
MUTHOOTFIN
48.54%
-4.36%
FORTIS
-8.84%
-11.23%
Analysis :
SHREECEM
43.40%
-0.62%
RELCAPITAL
-7.36%
-2.95%
CUMMINSIND
43.38%
-1.90%
MANAPPURAM
-7.52%
-0.21%
Major Resistance Level: 10700 & 11000. Major Support Levels:- 10500 & 10400 followed by 10000.
Scrip
Scrip
10200 10100
Analysis: As per the analysis of above chart.
8
Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018
Nifty Analysis WEEKLY PIVOTS
Fundamental Outlook Last week, equity benchmark index Nifty Jan futures consolidated on higher levels with the positive bias for the
PARTICULAR
LEVELS
R4
10954.50
R3
10856.10
R2
10757.70
R1
10722.00
will provide further direction to the market.
PP
10659.3
Technical Outlook
P1
10623.60
Last week, Nifty Jan Futures started the week on positive note and continued the same for the entire week.
P2
10560.90
P3
10462.50
P4
10364.10
entire week and made a new life time high of 10695. Fundamentally Nifty is still looking bullish due to continuous positive trends from FII & DII and on the expectation of positive outcomes of economic reforms taken by centre govt last year. Nifty traded with a PE Ratio range of 27.16 – 27.28 during the week and sustaining in this range from the last couple of months. FII & DII activity witnessed almost positive trend for the entire week & provided support to benchmark index to sustain on the higher levels. On Macroeconomic front; data like Industrial Production, Manufacturing Production & CPI released last week which further provided support Nifty to sustain on high level due to positive outcome. For this week, economic data like inflation, Trade Balance and export/ import coupled with the FII & DII activity
It made a high of 10695 during the week and closed at 10868.35 with the marginal gain of 1.07% on weekly basis.
Continued ….... 9
Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018
Nifty Analysis Technical Outlook
WEEKLY STRATEGY
It’s consolidated below the important resistance level of 10700 for the entire week with the oversold RSI and above 200Days & 50Days SMA. Last week we, saw that market has broken its 10700 resistance area with higher
PERTICULAR
TARGET
volume and open interest indicating building of long positions in it. Technically for this week, we can go for
ACTION
Buy
ENTRY PRICE
Above 10700
TARGET
10850/ 10900
STOP LOSS
10598
buying in it from the lower levels.
TECHNICAL INDICATOR ANALYSIS INDICATOR
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.10700 it can test the level of Rs.10850/ 10900 during the week. Trades can make buy position in it by maintaining a SL of 10598 in it. 10
Copyright © 2017 Ways2Capital. All rights reserved
CURRENT TREND
20 Days EMA
POSITIVE
50 Days EMA
POSITIVE
200 Days EMA
POSITIVE
RSI
POSITIVE
MACD
POSITIVE
STOCHASTIC
POSITIVE Continued …....
16/01/2018
Bank Nifty Analysis Technical Outlook
WEEKLY STRATEGY
Last week, Bank Nifty Jan Futures made a high of 25729.90 and closed at 25743.40 with the marginal gain of 0.42% on weekly basis. It’s consolidating below the important psychological resistance level 26000 from last 1 month with positive RSI. It’s also sustaining above the import technical indicators like 200Days & 50Days SMA and technically for this week, we can further expect upside movement in it.
PERTICULAR
TARGET
ACTION
Buy
ENTRY PRICE
Above 25800
TARGET
26000/ 26200
STOP LOSS
25595
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.25800 it can test the level of Rs.26000/ 26200 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.25592 in it. 11
Copyright © 2017 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
26380.80
R3
26150.90
R2
25921.00
R1
25832.20
PP
25691.10
P1
25602.30
P2
25461.20
P3
25231.30
P4
25001.40 16/01/2018
IBULHSGFIN ( Call of the Week Futures) Technical Outlook
WEEKLY STRATEGY
Indiabull Housing Finance consolidating in a tight range from last two months and trading above its 200days Moving Average. Last week, it tasted the major resistance level of Rs. 1251 on the upside but was unable to break it. Technically Indiabull Housing Finance is in short term consolidation trend with the positive RSI and for this week, we can go for buy in it on lower levels.
PERTICULAR
DETAILS
ACTION
Buy
ENTRY PRICE
Above 1251
TARGET
1276
STOP LOSS
1235.9
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.1251 it can test the level of Rs.1276 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.1235.90 12
Copyright © 2017 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
1386.50
R3
1333.50
R2
1280.50
R1
1257.00
PP
1227.5
P1
1204.00
P2
1174.50
P3
1121.50
P4
1068.50 16/01/2018
ASIANPAINT ( Call of the Week Futures) Technical Outlook
WEEKLY STRATEGY
Last week ASIANPAINT traded positive for the most part of the week and closed at 1189.15 with the marginal
PARTICULAR
TARGET
weekly gain of 0.21% on weekly basis. It almost witnessed 6% gain in last one month & currently consolidating
ACTION
Buy
ENTRY PRICE
Above 1200
TARGET
1219.9
STOP LOSS
1189.8
above the trend line breakout. Asianpaint is in short-term bullish trend and sustaining below the major psychological resistance level of Rs.1200. For this week, we can go for buy on lower level strategy in it.
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.1200 it can test the level of Rs.1219.90 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.1189.90 13
Copyright © 2017 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
1268.90
R3
1241.45
R2
1214.00
R1
1201.55
PP
1186.55
P1
1174.10
P2
1159.10
P3
1131.65
P4
1104.20 16/01/2018
DELTACORP ( Call of the Week Cash ) Technical Outlook
WEEKLY STRATEGY
Last week DELTACORP started the week on negative note and after that traded higher for the entire week. It
PARTICULAR
TARGET
broke the major resistance level of Rs.324 during the week but was unable to sustain above it and closed at
ACTION
Buy
Rs.319.85 with the overall gain of 5.42% on weekly basis. Technically it’s still sustaining on higher levels with oversold RSI & positive bias and for this week we can expect further upside movement in it.
ENTRY PRICE
Above 325
TARGET
340
STOP LOSS
317.5
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.325.00 it can test the level of Rs.340.00 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.317.50 in it. 14
Copyright © 2017 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
393.15
R3
366.80
R2
340.45
R1
330.15
PP
314.1
P1
303.80
P2
287.75
P3
267.40
P4
235.05 16/01/2018
KOLTEPATIL ( Call of the Week Cash) Technical Outlook
WEEKLY STRATEGY
Last week KOLTEPATIL started the week on negative note and after that traded higher for the entire week. It tasted the major resistance level of Rs.404.80 during the week but was unable to break it and closed at Rs.383.00 with the overall gain of 2.76% on weekly basis. Technically it’s still sustaining on higher levels with oversold RSI & positive bias and for this week we can expect further upside movement in it.
PARTICULAR
TARGET
ACTION
Buy
ENTRY PRICE
Above 393
TARGET
415
STOP LOSS
382.9
WEEKLY PIVOTS PARTICULAR
LEVELS
R4
498.25
R3
460.45
R2
422.65
R1
402.80
PP
384.85
P1
365.00
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.393.00 it can test
P2
347.05
the level of Rs.415.00 during the week. Trades can make buy position in it by maintaining a Stop Loss of
P3
309.25
P4
271.45
Rs.382.90 in it. 15
Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018
Disclaimer LEGAL DISCLAIMER (कानन ू ी अस्वीकरण) : 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. यह दस्तावेज़ Ways2Capital (हाई ब्रो मार्केट अनुसध ं ान ननवेश सलाहर्कार प्राइवेट लललमटे ड र्का एर्क भाग) द्वारा तैयार कर्कया गया है | यहां पर दी गई जानर्कारी, ववश्ले षण और अनुमान Ways2Capital इक्ववटी / र्कमोडडटी अनुसध ं ान र्के मल ू यांर्कन पर आधाररत हैं और ववश्वसनीय स्रोतों से प्राप्त र्की गई है | यह दस्तावेज़ र्केवल इक्छित प्राप्तर्कताा र्के उपयोग र्के ललए 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. यह दस्तावेज़, सवोत्तम रूप से, Ways2Capital इक्ववटी / र्कमोडडटीज अनुसध ं ान र्का प्रनतननधधत्व र्करता है और सामान्य जानर्कारी र्के ललए ही है | Ways2Capital इक्ववटी / र्कमोडडटीज अनुसध ं ान, इसर्के ननदे शर्कों, अधधर्कारी या र्कमाचारी कर्कसी भी तरह से संबधं धत सामग्री र्के ललए क्जम्मेदार नहीं है ।| Ways2Capital इक्ववटी / र्कमोडडटीज अनुसंधान कर्कसी भी और सभी उत्तरदानयत्वों र्को स्पष्ट रूप से अस्वीर्कार र्करता है जो इस संबध ं में सूचना, त्रटु टयों या चर्क ू से पैदा हो सर्कता है | इस दस्तावेज र्को कर्कसी भी प्रनतभनू त या वस्तु र्को खरीदने र्के ललए बेचने या एर्क आग्रह र्के ललए प्रस्ताव र्के रूप में नहीं माना जा सर्कता 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. उपरोवत सभी सच ं ान र्के आधार पर दी गई हैं , लेकर्कन हम टदए गए सझ ू ना, स्तर और सझ ु ाव, Ways2Capital र्के ववशेषज्ञ र्के पैनल द्वारा कर्कए गए तर्कनीर्की और मौललर्क अनुसध ु ावों र्की त्रटु टयों र्के ललए र्कोई दानयत्व स्वीर्कार नहीं र्करते हैं | वेबसाइट र्के माध्यम से सकफिंग र्करने वाले लोगों र्को अपनी पसंद र्के उत्पाद सेवाओं र्को चुनने र्का अधधर्कार 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 / र्कमोडडटी बाजार में र्कोई भी ननवेश जोखखम र्के अधीन होता है , र्कंपनी इन सझ ु ावों पर कर्कए गए कर्कसी भी नुर्कसान र्के ललए उत्तरदायी नहीं होगी | यह स्तर भववष्य र्के र्कीमतों र्की गनत र्का संर्केत नहीं दे ते है | वेबसाइट र्के माध्यम से कर्कसी भी ब्राउक्ज़ंग र्का अर्ा है अस्वीर्करण र्की स्वीर्कृनत।
DISCLOSURE (प्रकटीकरण) : 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 मार्केट अनुसध ं ान ननवेश सलाहर्कार प्राइवेट लललमटे ड या उसर्के सहयोगी र्कंपननयां अनुसध ं ान ररपोटा में शालमल र्कंपननयों र्के सार् र्कारोबार नहीं र्करती हैं और न ही कर्कसी भी तरह र्के उत्पादों / प्रनतभनू तयों र्के जारीर्कताा र्के सार् जड ु ी हैं, जो यह सनु नक्श्चत र्करता है कर्क टहतों र्के ललए र्कोई वास्तववर्क या संभाववत संघषा नहीं है | ननयामर्क ननर्काय र्के अनुपालन र्को सनु नक्श्चत र्करने र्के ललए हमने यह तय कर्कया है कर्क र्कंपनी और उसर्के र्कोई भी प्रनतननधध बाज़ार में ट्रे ड नहीं र्करें 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. ग्राहर्कों र्को यह सलाह दी जाती है कर्क वे ररपोटा में दी गई जानर्कारी र्को र्केवल राय र्के रूप में दे खें और ननवेश र्के ललए स्वयं फैसला र्करें | ग्राहर्कों र्को वेबसाइट पर प्रर्कालशत सेवाओं र्के ननयमों और शतों र्को पढ़ने और समझने र्की भी सलाह दी जाती है | र्कंपनी र्के ननगमन र्के बाद ननयामर्क ननर्काय द्वारार्कंपनी र्के खखलाफ र्कोई मर्क ु दमा (याधचर्का) दायर नहीं कर्कया गया है ।
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Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018
DISCLOSURE APPENDIX (प्रकटीकरण पररशिष्ट ) : 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. ररपोटा ववश्लेषर्कों द्वारा तैयार र्की गयी है जो द्वारा हाई ब्रो मार्केट अनुसध ं ान ननवेश सलाहर्कार प्राइवेट लललमटे ड द्वारा ननयुवत हैं | इस ररपोटा में व्यवत सभी ववचार र्कंपनी र्के बारे में व्यक्वतगत ववचारों र्को दशााता है और र्कंपननयों और उनर्की प्रनतभनू तयां और क्षनतपनू ता (मआ ु वजे ) र्का र्कोई टहस्सा, या इस शोध ररपोटा में ननटहत ववशेष सझ ु ावों या ववचारों से प्रत्यक्ष या अप्रत्यक्ष रूप से संबधं धत नहीं होगा।
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST: हितों के संघर्ष के मामले में प्रकटीकरण :
(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)
(b)
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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)
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(c) 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; (स)
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DISCLOSURE IN TERMS OF COMPENSATION: क्षततपतू तष के संदर्ष में प्रकटीकरण: 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 मार्केट अनस ं ान ननवेश सलाहर्कार प्राइवेट लललमटे ड र्की पॉललसी अपने ववश्लेषर्कों, पेशेवरों र्को ववश्लेषर्क र्के क्षेत्र में कर्कसी भी र्कंपनी र्की प्रनतभनू तयों र्के स्वामी से ववश्लेषर्कों र्को ररपोटा र्करने से रोर्कती है । ु ध ववश्ले षर्क क्षनतपनू ता : ववश्लेषर्क हाई ब्रो मार्केट अनुसध ं ान ननवेश सलाहर्कार प्राइवेट लललमटे ड र्के वेतन आधाररत स्र्ायी र्कमाचारी है |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE: सावषजतनक प्रकटन के मामले में प्रकटीकरण :
(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 मार्केट अनुसध ं ान ननवेश सलाहर्कार प्राइवेट लललमटे ड या उसर्के सहयोगीयों ने
वपिले 12 महीनों में ववषय र्कंपनी से र्कोई मआ ु वजा प्राप्त नहीं कर्कया 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)
(c) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company; ( )
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Copyright © 2017 Ways2Capital. All rights reserved
16/01/2018