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Market Wrap-Up MAJOR INDICES INDEX
CLOSING (As on 5th Jan 18)
CURRENCY MARKET UPDATE
CLOSING (As on 29th Dec 17)
Weekly Change (in %)
Currency Pair
Weekly Change (in %)
63.84
63.61
0.36%
GBPINR
88.44
87.33
1.27%
EURINR
78.01
77.52
0.63%
JPYINR
0.58
0.57
0.63%
EURUSD
1.22
1.22
0.00%
GBPUSD
1.39
1.37
0.94%
90.49
90.73
-0.26%
10,894.70
10,681.25
2.00%
NIFTY 100
11,315.75
11234.5
0.72%
NIFTY 200
5,966.20
5,909.20
0.96%
NIFTY 500
9,723.10
9665.2
0.60%
INDIA VIX
13.98
13.73
1.82%
NIFTY BANK
26,909.50
25759.04
4.47%
Dollar Index
NIFTY AUTO
11,677.55
11,908.40
-1.94%
NIFTY FIN SERVICE
11,073.25
10531.55
5.14%
NIFTY FMCG
27,517.10
27,196.65
1.18%
NIFTY IT
12,633.85
12099.2
4.42%
NIFTY MEDIA
3,540.55
3,592.10
-1.44%
NIFTY METAL
4,033.40
4189.5
-3.73%
NIFTY PHARMA
9,637.80
9,741.85
-1.07%
NIFTY PSU BANK
3,710.70
3639.1
1.97%
NIFTY PVT BANK
15,049.90
14,368.20
4.74%
347.30
366.8
-5.32%
2
Previous Closing
USDINR NIFTY 50
NIFTY REALTY
Current Closing
COMMODITY MARKET UPDATE Commodity Gold COMEX
Current Previous Closing Closing
Weekly Change (in %)
1332.03
1342.34
-0.77%
29765.00
29547.00
0.74%
63.46
64.47
-1.57%
4039.00
4065.00
-0.64%
68.78
69.89
-1.59%
Copper MCX
450.45
453.05
-0.57%
Natural Gas MCX
202.40
204.00
-0.78%
Gold MCX Crude Oil NYMEX Crude Oil MCX Brent Oil NYMEX
Copyright © 2018 Ways2Capital. All rights reserved
Monday, January 22, 2018
Market At a Glance NIFTY50 WEEKLY GAINERS SCRIP ICICI Bank
CURRENT CLOSING
PREVIOUS CLOSING
WEEKLY CHANGE (in %)
353.55
317.70
11.28%
HDFC
1900.45
1721.20
10.41%
TCS
2954.75
2776.35
6.43%
Axis Bank
590.25
555.10
6.33%
Indiabulls Housing
1301.35
1224.60
6.27%
NIFTY50 WEEKLY LOSERS SCRIP Coal India
Copyright © 2018 Ways2Capital. All rights reserved
PREVIOUS WEEKLY CLOSING CHANGE (in %)
284.45
309.00
7.94%
Bharti Infratel
346.4
363.90
4.81%
GAIL (India)
468.9
501.15
6.44%
Tata Motors
418.95
437.10
4.15%
258.2
268.85
3.96%
Hindalco 3
CURRENT CLOSING
Monday, January 22, 2018
Economic Calendar UPCOMING ECONOMIC EVENT CALENDER Time
Currency
16:30
GBP
Event Tuesday, January 23, 2018 CBI Industrial Trends Orders (Jan)
Forecast
Previous
12.00
17.00
2.50% 3.2K 4.30% 55.00 54.00 5.70M -0.021
2.50% 5.9K 4.30% 55.10 54.10 53.70 5.81M 0.056
679K
733K
0.40% 1.40% 0.60% 3.00%
0.40% 1.70% -0.10% 3.20%
Wednesday, January 24, 2018 14:00 14:00 15:00 20:15 20:15 20:15 20:30 20:30
GBP GBP GBP USD USD USD USD USD
Average Earnings Index +Bonus (Nov) Claimant Count Change (Dec) Unemployment Rate (Nov) Manufacturing PMI (Jan) Market Composite PMI Service PMI (Jan) Existing Home Sales (Dec) Existing Home Sales (MoM) (Dec)
Thursday, January 25, 2018 20:30
USD
New Home Sales (Dec)
15:00 15:00 19:00 19:00
GBP GBP USD USD
GDP (QoQ) (Q4) GDP (YoY) (Q4) Core Durable Goods Orders (MoM) (Dec) GDP (QoQ) (Q4)
Friday, January 26, 2018
4
Copyright © 2018 Ways2Capital. All rights reserved
Monday, January 22, 2018
Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
ADANIPORTS
513.50
484.70
455.90
444.85
427.08
416.00
398.25
369.45
340.65
AMBUJACEM
312.35
298.75
285.15
276.70
271.55
263.10
257.95
244.35
230.75
ASIANPAINT AUROPHARM A AXISBANK
1282.95
1252.65
1222.35
1206.20
1192.03
1175.85
1161.70
1131.40
1101.10
765.40
726.80
688.20
666.20
649.58
627.55
610.95
572.35
533.75
705.65
664.30
622.95
607.40
581.58
566.00
540.20
498.85
457.50
BAJAJ-AUTO
3502.55
3400.70
3298.85
3253.95
3196.98
3152.05
3095.10
2993.25
2891.40
BAJFINANCE
2198.10
2035.80
1873.50
1789.75
1711.17
1627.40
1548.85
1386.55
1224.25
BHARTIARTL
588.85
558.70
528.55
513.30
498.40
483.15
468.25
438.10
407.95
21116.70
20716.70
20316.70
20133.35
19916.67
19733.30
19516.65
19116.65
18716.65
BPCL
564.30
535.80
507.30
492.20
478.78
463.65
450.25
421.75
393.25
CIPLA
661.20
642.75
624.30
614.65
605.85
596.20
587.40
568.95
550.50
COALINDIA
388.05
355.70
323.35
303.85
290.97
271.45
258.60
226.25
193.90
2808.60
2699.65
2590.70
2538.40
2481.72
2429.40
2372.75
2263.80
2154.85
31347.15
30277.25
29207.35
28594.80
28137.45
27524.90
27067.55
25997.65
24927.75
606.80
563.70
520.60
495.35
477.48
452.20
434.35
391.25
348.15
1128.10
1066.60
1005.10
981.70
943.60
920.20
882.10
820.60
759.10
BOSCHLTD
DRREDDY EICHERMOT GAIL HCLTECH
Continued ....... 5
Copyright © 2018 Ways2Capital. All rights reserved
Monday, January 22, 2018
Weekly Pivots NIFTY50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
HDFC
2288.70
2148.10
2007.50
1955.75
1866.90
1815.15
1726.30
1585.70
1445.10
HDFCBANK
2223.20
2123.15
2023.10
1986.25
1923.03
1886.15
1822.95
1722.90
1622.85
HEROMOTOCO
4127.65
3953.95
3780.25
3686.75
3606.52
3513.00
3432.80
3259.10
3085.40
HINDALCO
329.30
306.75
284.20
271.20
261.65
248.65
239.10
216.55
194.00
HINDPETRO
500.65
473.65
446.65
431.30
419.65
404.30
392.65
365.65
338.65
HINDUNILVR
1544.00
1487.15
1430.30
1396.85
1373.45
1340.00
1316.60
1259.75
1202.90
IBULHSGFIN
1630.05
1508.90
1387.75
1345.55
1266.58
1224.35
1145.40
1024.25
903.10
447.40
412.65
377.90
366.05
343.13
331.25
308.35
273.60
238.85
1873.45
1808.55
1743.65
1712.10
1678.75
1647.20
1613.85
1548.95
1484.05
472.65
433.40
394.15
370.55
354.88
331.25
315.60
276.35
237.10
INFY
1424.70
1324.90
1225.10
1185.50
1125.30
1085.70
1025.50
925.70
825.85
IOC
451.60
429.65
407.70
397.25
385.75
375.30
363.80
341.85
319.90
ITC
324.20
306.25
288.30
281.15
270.35
263.20
252.40
234.45
216.50
KOTAKBANK
1178.10
1134.55
1091.00
1074.50
1047.42
1030.90
1003.85
960.30
916.75
LT
1553.65
1488.90
1424.15
1398.55
1359.40
1333.80
1294.65
1229.90
1165.15
LUPIN
1012.50
979.95
947.40
935.20
914.82
902.60
882.25
849.70
817.15
ICICIBANK INDUSINDBK INFRATEL
Continued ....... 6
Copyright © 2018 Ways2Capital. All rights reserved
Monday, January 22, 2018
Weekly Pivots NIFTY50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
870.45
833.65
796.85
781.25
760.05
744.45
723.25
686.45
649.65
10158.70
9895.80
9632.90
9483.95
9369.97
9221.00
9107.05
8844.15
8581.25
NTPC
188.30
183.10
177.90
175.20
172.70
170.00
167.50
162.30
157.10
ONGC
220.55
212.20
203.85
199.00
195.48
190.60
187.10
178.75
170.40
POWERGRID
215.40
209.15
202.90
199.25
196.62
192.95
190.35
184.10
177.85
1087.75
1036.25
984.75
959.50
933.23
907.95
881.70
830.20
778.70
SBIN
382.00
356.80
331.60
320.20
306.40
295.00
281.20
256.00
230.80
SUNPHARMA
642.00
620.15
598.30
585.30
576.43
563.40
554.55
532.70
510.85
TATAMOTORS
512.65
482.70
452.75
435.50
422.78
405.50
392.80
362.85
332.90
TATASTEEL
914.35
863.85
813.35
783.20
762.83
732.65
712.30
661.80
611.30
3638.15
3391.20
3144.25
3059.55
2897.30
2812.60
2650.35
2403.40
2156.45
619.20
597.00
574.80
562.80
552.57
540.55
530.35
508.15
485.95
5378.70
5049.80
4720.90
4512.95
4391.97
4184.00
4063.05
3734.15
3405.25
UPL
970.60
910.60
850.60
826.30
790.60
766.30
730.60
670.60
610.60
VEDL
398.70
376.75
354.80
343.65
332.83
321.65
310.85
288.90
266.95
WIPRO
387.20
366.60
346.00
337.40
325.40
316.80
304.80
284.20
263.60
YESBANK
431.25
402.35
373.45
361.10
344.55
332.20
315.65
286.75
257.85
ZEEL
700.80
667.30
633.80
615.80
600.28
582.25
566.75
533.25
499.75
M&M MARUTI
RELIANCE
TCS TECHM ULTRACEMCO
7
Copyright © 2018 Ways2Capital. All rights reserved
Monday, January 22, 2018
Open Interest & Price Analysis LONG BUILD-UP
NIFTY OPTIONS OPEN INTEREST ANALYSIS
SHORT COVERING
Change in OI (in %)
Change in Price (in%)
PCJEWELLER
40.73%
6.76%
JUBLFOOD
40.36%
HDFC
Change in OI (in %)
Change in Price (in%)
TORNTPOWER
-30.85%
2.59%
9.14%
VGUARD
-23.07%
2.91%
40.35%
8.26%
ZEEL
-22.51%
0.99%
NIITTECH
35.93%
3.72%
PNB
-17.77%
1.40%
MINDTREE
33.00%
10.93%
TORNTPHARM
-16.71%
3.06%
Scrip
Scrip
LONG UNWINDING
SHORT BUILD-UP
Change in OI (in %)
Change in Price (in%)
JSWENERGY
-33.33%
-3.26%
-8.41%
RAMCOCEM
-23.66%
-1.24%
25.46%
-6.09%
HAVELLS
-23.06%
-0.15%
IDBI
20.98%
-1.22%
JISLJALEQS
-22.61%
-5.10%
BEL
18.65%
-3.33%
DISHTV
-21.54%
-7.35%
Change in OI (in %)
Change in Price (in%)
M&MFIN
28.54%
-1.90%
NATIONALUM
26.37%
DCBBANK
Scrip
8
Scrip
Copyright © 2018 Ways2Capital. All rights reserved
Analysis : As per the analysis of above chart. Major Resistance Level: 11000. Major Support Levels:- 10700 followed by 10500
Monday, January 22, 2018
Nifty Analysis Fundamental Outlook
WEEKLY PIVOTS
Last week, equity benchmark index Nifty Jan futures consolidated on higher levels with the positive bias for the entire week and made a new life time high of 10918. 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 27.44 – 26.96 during the week and sustaining in this range from the last
PARTICULAR
LEVELS
R4
11587.00
R3
11334.00
R2
11081.00
R1
10991.00
PP
10828
P1
10738.00
P2
10575.00
P3
10322.00
P4
10069.00
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 will provide further direction to the market.
Technical Outlook Last week, Nifty Jan Futures started the week on positive note and continued the same for the entire week. It made a high of 10918 during the week and closed at 10901 with the marginal gain of 2.17% on weekly basis. Last week nifty moves in uptrend and made it life time high
Continued ….... 9
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Monday, January 22, 2018
Nifty Analysis Technical Outlook
WEEKLY STRATEGY
It’s consolidated below the important resistance level of 10800 entire week with the oversold RSI and above
PERTICULAR
200Days & 50Days SMA. Last week we, saw that market has broken its 10900 resistance area with higher
Action
TARGET Buy
volume and open interest indicating building of long positions in it. Technically for this week, we can go for buying in it from the lower levels.
Entry Price
Above 10900
Target
11050
Stop Loss
10810
TECHNICAL INDICATOR ANALYSIS 20 Days EMA
CURRENT TREND POSITIVE
50 Days EMA
POSITIVE
200 Days EMA
POSITIVE
RSI
POSITIVE
MACD
POSITIVE
STOCHASTIC
POSITIVE
INDICATOR
For this week, economic data like inflation, Trade Balance and export/ import coupled with the FII & DII activity will provide further direction to the market. 10
Copyright © 2018 Ways2Capital. All rights reserved
Continued …....
Monday, January 22, 2018
Bank Nifty Analysis Technical Outlook Last week, Bank Nifty Jan Futures made a high of 26947 and closed at 26896 with the marginal gain of 4.47% on weekly basis. It’s move in upside in last week. Bank nifty break the important level of 26700 and reach upto the level of 26900 with positive RSI. It’s also sustaining above the import technical indicators like 200Days & 50Days
WEEKLY STRATEGY PERTICULAR
TARGET
Action
Buy
Entry Price
Above 27000
Target
27700/ 27750
Stop Loss
26535
SMA and technically for this week, we can further expect upside movement in it.
WEEKLY PIVOTS PARTICULAR R4
LEVELS 30090.00
R3
28905.00
R2
27720.00
R1
27308.00
PP
26535.00
P1
26123.00
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.27000 it can test the
P2
25350.00
level of Rs.27700/ 27750 during the week. Trades can make buy position in it by maintaining a Stop Loss of
P3
24165.00
Rs.26535 in it.
P4
22980.00
11
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Monday, January 22, 2018
KOTAK ( Call of the Week Futures) Technical Outlook
WEEKLY STRATEGY
Last week kotak bank traded positive for the most part of the week and closed at 1057.60 with the marginal weekly gain of 3.38% on weekly basis. According to technical analysis kotak bank break important range of 1000-1050 we can expect further upside movement in it above this level.
PERTICULAR
DETAILS
ACTION
Buy
ENTRY PRICE
Above 1074
TARGET
1094
STOP LOSS
1067
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.1060 it can test the level of Rs.1080 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.1052.
12
Copyright © 2018 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
1170.55
R3
1128.80
R2
1087.05
R1
1072.35
PP
1045.3
P1
1030.60
P2
1003.55
P3
961.80
P4
920.05
Monday, January 22, 2018
BHARATFORG ( Call of the Week Futures) Technical Outlook
WEEKLY STRATEGY
Last week bharatforg traded positive for the most part of the week and closed at 735.50 with the marginal
PARTICULAR
TARGET
weekly gain of 2.18% on weekly basis.according to technical analysis bharatforge moves in tight range of 720 to
ACTION
Buy
ENTRY PRICE
739
TARGET
751
STOP LOSS
733
740 during last week we can expect positive gain from this level.
WEEKLY PIVOTS PARTICULAR
LEVELS
R4
840.70
R3
802.05
R2
763.40
R1
749.45
PP
724.75
P1 P2
710.80 686.10
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.739 it can test the
P3
647.45
level of Rs.751 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.733.
P4
608.80
13
Copyright © 2018 Ways2Capital. All rights reserved
Monday, January 22, 2018
IBVENTURE ( Call of the Week Cash ) Technical Outlook
WEEKLY STRATEGY
Last week IBVENTURE 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.274 during the week and able to sustain above it and closed at Rs.274.95
ACTION
Buy
ENTRY PRICE
280
TARGET
299
Buy
265
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.
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs 276 it can test the level of Rs.299.00 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.264.00 in it. 14
Copyright © 2018 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
365.40
R3
332.50
R2
299.60
R1
287.30
PP
266.7
P1
254.40
P2
233.80
P3
200.90
P4
168.00
Monday, January 22, 2018
HDFC LIFE ( Call of the Week Cash) Technical Outlook
WEEKLY STRATEGY
Last week hdfc life started the week on higher note and traded higher side in entire week. It tasted the major resistance level of Rs.490 during the week and able to break it and closed below the level of 490. With the overall gain of 4.67% 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 492
TARGET
520
STOP LOSS
470
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.492 it can test the level of Rs.520 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs 470. 15
Copyright © 2018 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
589.50
R3
552.20
R2
514.90
R1
498.20
PP
477.60
P1
460.90
P2
440.30
P3
403.00
P4
365.70
Monday, January 22, 2018
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 अनस ु ध ु ा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 अनप ु ालन 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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Monday, January 22, 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 अनुसध ं ा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 । 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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Monday, January 22, 2018