HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
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Market Wrap-Up MAJOR INDICES INDEX
CLOSING (As on25th Jan18)
CURRENCY MARKET UPDATE
CLOSING (As on 19th Dec 17)
Weekly Change (in %)
Currency Pair
Current Closing
Previous Closing
Weekly Change (in %)
NIFTY 50
11,069.65
10,894.70
1.61%
USDINR
63.590
63.830
-0.38%
NIFTY 100
11,459.05
11,315.75
1.27%
GBPINR
90.110
88.414
1.92%
NIFTY 200
6,032.55
5,966.20
1.11%
EURINR
78.9850
78.0100
1.25%
NIFTY 500
9,810.00
9,723.10
0.89%
JPYINR
0.5849
0.5760
1.55%
INDIA VIX
17.51
13.98
25.25%
EURUSD
1.2421
1.2222
1.63%
NIFTY BANK
27,445.65
26,909.50
1.99%
GBPUSD
1.4170
1.3852
2.30%
NIFTY AUTO
11,507.75
11,677.55
-1.45%
Dollar Index
88.89
90.37
-1.64%
NIFTY FIN SERVICE
11,232.35
11,073.25
1.44%
NIFTY FMCG
27,716.50
27,517.10
0.72%
NIFTY IT
13,117.85
12,633.85
3.83%
NIFTY MEDIA
3,507.45
3,540.55
-0.93%
NIFTY METAL
4,135.15
4,033.40
NIFTY PHARMA
9,729.15
NIFTY PSU BANK NIFTY PVT BANK NIFTY REALTY 2
COMMODITY MARKET UPDATE Commodity Gold COMEX
Current Previous Closing Closing
Weekly Change (in %)
1352.10
1333.10
1.43%
Gold MCX
30361
29755
2.04%
2.52%
Crude Oil NYMEX
66.14
63.37
4.37%
9,637.80
0.95%
Crude Oil MCX
4190
4037
3.79%
3,757.70
3,710.70
1.27%
Brent Oil NYMEX
70.52
68.61
2.78%
15,374.50
15,049.90
2.16%
Copper MCX
451.85
450.45
0.31%
349.75
347.30
0.71%
Natural Gas MCX
3.505
3.185
10.05%
Copyright © 2017 Ways2Capital. All rights reserved
Monday, January 29, 2018
Market At a Glance NIFTY50 WEEKLY GAINERS CURRENT CLOSING
SCRIP
PREVIOUS CLOSING
WEEKLY CHANGE (in %)
Indiabulls Housing
1393.9
1243.00
12.14%
Tech Mahindra
598.55
552.90
8.26%
ONGC
208.25
193.70
7.51%
3117.85
2935.00
6.23%
362.45
349.35
3.75%
TCS Yes Bank
NIFTY50 WEEKLY LOSERS SCRIP
Copyright © 2017 Ways2Capital. All rights reserved
PREVIOUS WEEKLY CLOSING CHANGE (in %)
Bharti Airtel
452.60
497.90
-9.10%
Hindustan Petroleum
384.10
416.20
-7.71%
26524.95
28009.00
-5.30%
Ambuja Cements
263.15
275.65
-4.53%
Tata Motors
400.20
418.05
-4.27%
Eicher Motors
3
CURRENT CLOSING
Monday, January 29, 2018
Economic Calendar UPCOMING ECONOMIC EVENT CALENDER Time
Currency
19:00 19:00 19:00
USD USD USD
20:30
USD
6:30 6:30 18:45 20:15 20:30
CNY CNY USD USD USD
Event Monday, January 29, 2018 Core PCE Price Index(YoY)(Dec) Core PCE Price Index(MoM)(Dec) Personal Spending (MoM)(Dec) Tuesday, January 30, 2018 CB Consumer Confidence(Jan) Wednesday, January 31, 2018 Non-Manufacturing PMI (Jan) Manufacturing PMI (Jan) ADP Nonfarm Employment Change (Jan) Chicago PMI(Jan) Pending Home Sales (MoM)(Dec)
Forecast
Previous
1.60% 0.20% 0.40%
1.50% 0.10% 0.60%
123.00
122.10
51.60 180K 64.50 0.30%
55.00 51.60 250K 67.80 0.20%
50.60 57.00 59
51.50 56.30 55.50 57.00% 59.70
52.50 0.30% 175k
52.20 0.30% 148k
Thursday, February 1, 2018 0.30 7:15 15:00 20:15 20:30 20:30
USD CNY GBP USD USD USD
Fed Interest Rate Decision Caixin Manufacturing PMI(Jan) Manufacturing PMI (Jan) Manufacturing PMI (Jan) ISM Manufacturing Employment(Jan) ISM Manufacturing PMI(Jan)
Friday, February 2, 2018 15:00 19:00 19:00 4
GBP USD USD
Construction PMI(Jan) Average Hourly Earnings(MoM)(Jan) Nonfarm Payrolls(Jan) Copyright © 2017 Ways2Capital. All rights reserved
Monday, January 29, 2018
Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
ADANIPORTS
508.90
485.65
462.40
449.20
439.15
425.95
415.90
392.65
369.40
AMBUJACEM
294.10
284.05
274.00
268.55
263.93
258.45
253.85
243.80
233.75
ASIANPAINT
1261.65
1227.25
1192.85
1173.45
1158.43
1139.00
1124.00
1089.60
1055.20
AUROPHARMA
723.70
698.05
672.40
656.15
646.75
630.50
621.10
595.45
569.80
AXISBANK
700.65
671.65
642.65
628.70
613.65
599.70
584.65
555.65
526.65
BAJAJ-AUTO
3542.70
3464.80
3386.90
3345.95
3308.98
3268.00
3231.05
3153.15
3075.25
BAJFINANCE
1881.10
1826.65
1772.20
1743.10
1717.75
1688.65
1663.30
1608.85
1554.40
BHARTIARTL
629.80
575.45
521.10
489.05
466.75
434.70
412.40
358.05
303.70
21369.00
20815.15
20261.30
19908.70
19707.45
19354.85
19153.60
18599.75
18045.90
BPCL
531.25
513.75
496.25
488.50
478.75
471.00
461.25
443.75
426.25
CIPLA
709.25
678.55
647.85
634.00
617.15
603.30
586.45
555.75
525.05
COALINDIA
347.80
330.35
312.90
305.70
295.45
288.25
278.00
260.55
243.10
3008.50
2846.70
2684.90
2593.00
2523.08
2431.15
2361.25
2199.45
2037.65
31732.05
30110.65
28489.25
27527.65
26867.85
25906.25
25246.45
23625.05
22003.65
634.85
582.95
531.05
511.20
479.13
459.25
427.20
375.30
323.40
1226.20
1154.05
1081.90
1050.95
1009.75
978.80
937.60
865.45
793.30
BOSCHLTD
DRREDDY EICHERMOT GAIL HCLTECH
Continued ....... 5
Copyright © 2017 Ways2Capital. All rights reserved
Monday, January 29, 2018
Weekly Pivots NIFTY50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
HDFC
2055.60
2003.30
1951.00
1927.20
1898.68
1874.85
1846.35
1794.05
1741.75
HDFCBANK
2074.20
2037.50
2000.80
1984.90
1964.10
1948.20
1927.40
1890.70
1854.00
HEROMOTOCO
3899.20
3800.30
3701.40
3643.95
3602.47
3545.00
3503.55
3404.65
3305.75
HINDALCO
305.95
291.35
276.75
268.20
262.13
253.55
247.50
232.90
218.30
HINDPETRO
461.35
437.80
414.25
398.95
390.68
375.35
367.10
343.55
320.00
HINDUNILVR
1489.95
1447.00
1404.05
1387.15
1361.10
1344.20
1318.15
1275.20
1232.25
IBULHSGFIN
1575.00
1511.75
1448.50
1423.95
1385.23
1360.65
1321.95
1258.70
1195.45
401.50
387.15
372.80
366.40
358.42
352.00
344.05
329.70
315.35
1892.70
1833.90
1775.10
1752.55
1716.27
1693.70
1657.45
1598.65
1539.85
376.35
365.40
354.45
349.10
343.47
338.10
332.50
321.55
310.60
INFY
1381.40
1315.35
1249.30
1211.50
1183.25
1145.45
1117.20
1051.15
985.10
IOC
414.30
406.95
399.60
396.80
392.22
389.40
384.85
377.50
370.15
ITC
308.10
298.45
288.80
284.75
279.15
275.10
269.50
259.85
250.20
KOTAKBANK
1223.90
1176.00
1128.10
1110.25
1080.17
1062.30
1032.25
984.35
936.45
LT
1523.25
1486.00
1448.75
1433.20
1411.50
1395.95
1374.25
1337.00
1299.75
LUPIN
1080.45
1036.55
992.65
971.40
948.73
927.45
904.80
ICICIBANK INDUSINDBK INFRATEL
6
Copyright © 2017 Ways2Capital. All rights reserved
860.90 817.00 Continued .......
Monday, January 29, 2018
Weekly Pivots NIFTY50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
835.10
810.45
785.80
773.90
761.12
749.20
736.45
711.80
687.15
10166.50
9896.55
9626.60
9463.25
9356.62
9193.25
9086.65
8816.70
8546.75
NTPC
187.70
182.85
178.00
174.85
173.12
169.95
168.25
163.40
158.55
ONGC
244.35
231.90
219.45
213.60
207.00
201.15
194.55
182.10
169.65
POWERGRID
206.40
202.60
198.80
196.85
195.00
193.05
191.20
187.40
183.60
1074.75
1039.95
1005.15
984.55
970.35
949.75
935.55
900.75
865.95
SBIN
396.20
369.80
343.40
327.65
317.00
301.25
290.60
264.20
237.80
SUNPHARMA
648.45
627.05
605.65
593.35
584.22
571.90
562.80
541.40
520.00
TATAMOTORS
481.30
456.50
431.70
415.80
406.90
391.00
382.10
357.30
332.50
TATASTEEL
874.60
839.50
804.40
786.60
769.28
751.45
734.15
699.05
663.95
3691.85
3513.80
3335.75
3234.40
3157.68
3056.30
2979.60
2801.55
2623.50
739.80
690.55
641.30
619.90
592.05
570.65
542.80
493.55
444.30
4743.25
4611.30
4479.35
4419.70
4347.38
4287.70
4215.40
4083.45
3951.50
UPL
986.90
920.00
853.10
810.80
786.20
743.90
719.30
652.40
585.50
VEDL
413.70
389.75
365.80
355.60
341.85
331.65
317.90
293.95
270.00
WIPRO
359.35
344.70
330.05
322.05
315.38
307.35
300.70
286.05
271.40
YESBANK
401.95
387.95
373.95
367.60
359.93
353.55
345.90
331.90
317.90
ZEEL
663.60
642.35
621.10
609.70
599.83
588.40
578.55
557.30
536.05
M&M MARUTI
RELIANCE
TCS TECHM ULTRACEMCO
7
Copyright © 2017 Ways2Capital. All rights reserved
S4
Monday, January 29, 2018
Open Interest & Price Analysis LONG BUILD-UP
NIFTY OPTIONS OPEN INTEREST ANALYSIS
SHORT COVERING
Change in OI (in %)
Change in Price (in%)
NIITTECH
46.48%
23.82%
OFSS
35.90%
GAIL
Change in OI (in %)
Change in Price (in%)
BERGEPAINT
-23.29%
2.19%
3.05%
JUBLFOOD
-19.19%
5.93%
32.17%
4.68%
ESCORTS
-16.91%
8.22%
ICICIBANK
24.21%
0.70%
JUSTDIAL
-16.03%
4.06%
HCLTECH
23.76%
4.54%
BANKINDIA
-12.87%
2.41%
Scrip
Scrip
LONG UNWINDING
SHORT BUILD-UP
Change in OI (in %)
Change in Price (in%)
DHFL
-12.88%
-3.11%
-1.65%
CONCOR
-12.17%
-2.65%
31.58%
-3.40%
VOLTAS
-11.46%
-0.60%
BOSCHLTD
30.75%
-2.34%
WIPRO
-8.33%
-3.55%
MCDOWELL-N
30.45%
-9.23%
APOLLOHOSP
-6.78%
-0.96%
Change in OI (in %)
Change in Price (in%)
HINDZINC
45.96%
-0.58%
PIDILITIND
34.67%
SRF
Scrip
Scrip
Analysis : As per the analysis of above chart.
8
Copyright © 2017 Ways2Capital. All rights reserved
Major Resistance Level: At 11000 followed by 11500. Major Support Levels:- At 10500
Monday, January 29, 2018
Nifty Analysis WEEKLY PIVOTS
Fundamental Outlook
PARTICULAR
LEVELS
R4
11718.75
R3
11490.80
R2
11262.85
R1
11162.75
On Macroeconomic front; there were no major data released last week and for this week, economic data like GDP Annual, Federal Fiscal Deficit, Infrastructure Output, M3 Money Supply, Nikkei Markit Manufacturing PMI coupled with the FII & DII activity will provide further direction to the market.
PP
11034.9
P1
10934.80
Technical Outlook
P2
10806.95
Last week Nifty Feb Futures started the week on positive note and continued the same for the entire week. It
P3
10579.00
P4
10351.05
Last week, equity benchmark index Nifty Feb 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 government last year. Nifty traded with a PE Ratio range of 27.61 – 27.81 during the week and sustaining in this range from the last couple of months. FII & DII activity witnessed two different trends; DII witnessed positive trend for the entire week whereas FII witnessed negative trend but the overall scenario remained positive to provide support to benchmark index to sustain on the higher levels.
made a new life time high of 11135 during the week and closed 11062.60 with the overall gain of 1.30% on weekly basis. It broke the major psychological resistance level of 11000 during the week and sustaining above the same. Continued ….... 9
Copyright © 2017 Ways2Capital. All rights reserved
Monday, January 29, 2018
Nifty Analysis Technical Outlook
WEEKLY STRATEGY
Nifty Futures is making new life time consecutively from last 3 week and almost witnessed 5.15% gain in last 2
PERTICULAR
month. Technically, the major technical indicator likes 20Days EMA, 50Days EMA, 100Days EMA, RSI, Stochastic
Action
TARGET Buy
etc. indicating bullish trend for short term in nifty and for this week, we can further expect upside movement in it.
Entry Price
Above 11060
Target
11200/ 11250
Stop Loss
10965
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, traders can adopt buy on lower levels strategy in it and above the level of Rs.11060 it can test the level of Rs.11200/ 11250 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.10965. 10
Copyright © 2017 Ways2Capital. All rights reserved
Continued …....
Monday, January 29, 2018
Bank Nifty Analysis Technical Outlook Last week Bank Nifty Futures opened at 26890 and traded positive for the entire week. It made a high of 27512 during the week and closed at 27440 with the overall gain of 1.64% on weekly basis. Currently it’s sustaining above the major psychological support level of Rs.27000 with the positive RSI and with the support of 200Days
WEEKLY STRATEGY PERTICULAR Action
Buy
Entry Price
Above 27640
Target
27850/ 27950
Stop Loss
27499
& 50Days SMA. Technically for this week, we can expect further upside movement in it above the level of 27640.
TARGET
WEEKLY PIVOTS PARTICULAR R4
LEVELS 29702.60
R3
28895.25
R2
28087.90
R1
27731.10
PP
27280.55
P1
26923.75
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.27640 it can test the
P2
26473.20
level of Rs.27850/ 27950 during the week. Trades can make buy position in it by maintaining a Stop Loss of
P3
25665.85
Rs.27499.
P4
24858.50
11
Copyright © 2017 Ways2Capital. All rights reserved
Monday, January 29, 2018
SUVEN ( Call of the Week Cash) Technical Outlook
WEEKLY STRATEGY
Last week, SUVEN cash traded positive for the entire week after taking support from the 200Days SMA and
PERTICULAR
DETAILS
trend line. It made a high of 218 during the week and closed at 215 with the overall gain of 8.36% on weekly
ACTION
Buy
basis. In short term, we can expect good upside movement in it as its going to break its long time consolidation
ENTRY PRICE
Above 235
TARGET
245
STOP LOSS
225
with the positive RSI & continuously sustaining taking support from the 200Days SMS.
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.234 it can test the level of Rs.245 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.225.
12
Copyright © 2017 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
272.75
R3
251.85
R2
230.95
R1
223.00
PP
210.05
P1
202.10
P2
189.15
P3
168.25
P4
147.35
Monday, January 29, 2018
EMKAY ( Call of the Week Cash) Technical Outlook
WEEKLY STRATEGY
EMKAY is trading in tight range from last 1 and half month and sustaining above the major psychological support
PARTICULAR
TARGET
level of Rs.200. Last week it made a high of 232 and closed at 226.15 with the overall gain of almost 5% on
ACTION
Buy
ENTRY PRICE
Above 235
TARGET
245
STOP LOSS
226
weekly basis. Technically we can expect further upside movement in it as its going to break its long time consolidation with the positive RSI & continuously sustaining taking support from the 200Days SMS.
WEEKLY PIVOTS PARTICULAR
LEVELS
R4
286.05
R3
265.05
R2
244.05
R1
235.10
PP
223.05
P1 P2
214.10 202.05
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.235 it can test the
P3
181.05
level of Rs.245 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.226.
P4
160.05
13
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Monday, January 29, 2018
ZEEL ( Call of the Week Future ) Technical Outlook
WEEKLY STRATEGY
ZEEL Futures sustaining near to its lifetime high of 618.55 from last 2 weeks & trading with the positive bias. Last
PARTICULAR
TARGET
week it made a high of 614.30 during the week and closed at 596.25 with the marginal loss of 0.83% on weekly
ACTION
Buy
ENTRY PRICE
Above 610
basis. Technically it’s forming Symmetrical Triangle on the charts with the positive 50Days SMS, 200Days SMA & RSI and for this week, we can expect buying in it from the lower levels after the breakout of Symmetrical
TARGET
Triangle.
STOP LOSS
620 604
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.610 it can test the level of Rs.620 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.604
14
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PARTICULAR
LEVELS
R4
676.05
R3
651.65
R2
627.25
R1
613.10
PP
602.85
P1
588.70
P2
578.45
P3
554.05
P4
529.65
Monday, January 29, 2018
HCLTECH ( Call of the Week Future) Technical Outlook
WEEKLY STRATEGY
Last week, HCLTECL Futures made a high of 1036.75 and closed at 1009.05 with the overall gain of 5.17% on weekly basis. It almost gained 21% in last 2 month and currently sustaining on higher levels with the overbought 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 above the level of 1025.
PARTICULAR
TARGET
ACTION
Buy
ENTRY PRICE
Above 1025
TARGET
1050
STOP LOSS
1018
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.1025 it can test the level of Rs.1050 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.1018. 15
Copyright © 2017 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
1264.70
R3
1175.75
R2
1086.80
R1
1045.90
PP
997.85
P1
956.95
P2
908.95
P3
819.90
P4
731.70
Monday, January 29, 2018
LEGAL DISCLAIMER (कानूनी 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 भल ू मांकन 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 अनुसध ं ान का प्रनतननधधत्व कयता है औय साभान्म जानकायी के लरए ही है | Ways2Capital इक्ववटी / कभोडडटीज अनुसध ं ान, इसके ननदे शकों, अधधकायी मा कभाचायी ककसी बी तयह से संफधं धत साभग्री के लरए क्जम्भेदाय नहीं है ।| Ways2Capital इक्ववटी / कभोडडटीज अनुसध ं ान ककसी बी औय सबी उत्तयदानमत्वों को स्ऩष्ट रूऩ से अस्वीकाय कयता है जो इस संफध ं भें सच ू ना, त्रटु टमों मा चक ू से ऩैदा हो सकता है | इस दस्तावेज को ककसी बी प्रनतबनू त 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 सच ं ान के आधाय ऩय दी गई हैं , रेककन हभ टदए गए सझ ू ना, स्तय औय सझ ु ाव, Ways2Capital के ववशेषऻ के ऩैनर द्वाया ककए गए तकनीकी औय भौलरक अनस ु ध ु ावों की त्रटु टमों के लरए कोई दानमत्व स्वीकाय नहीं कयते हैं | वेफसाइट के भाध्मभ से सकपिंग कयने वारे रोगों को अऩनी ऩसंद के उत्ऩाद सेवाओं को चन ु ने 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 सझ ु ावों 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 अनुसध ं ान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी कंऩननमां अनुसध ं ान रयऩोटा भें शालभर कंऩननमों के साथ कायोफाय नहीं कयती हैं औय न ही ककसी बी तयह के उत्ऩादों / प्रनतबनू तमों के जायीकताा के साथ जड ु ी हैं, जो मह सनु नक्श्चत कयता है कक टहतों के लरए कोई वास्तववक मा संबाववत संघषा नहीं है | ननमाभक ननकाम के अनऩ ु ारन को सनु नक्श्चत 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 भक ु दभा (माधचका) दामय नहीं ककमा गमा है ।
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Copyright © 2017 Ways2Capital. All rights reserved
Monday, January 29, 2018
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 अनुसध ं ान 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 प्रनतबनू तमां औय ऺनतऩनू ता (भआ ु वजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सझ ु ावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफधं धत 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)
(b)
हाई ब्रो भार्केट अनुसंधान ननवेश सराहर्काय प्राइवेट लरलभटे ड मा उसर्के सहमोगी मा उनर्के कर्कसी बी तत्र्कार
रयश्तेदाय र्की ववषम र्कंऩनी भें र्कोई ववत्तीम रुचि नह ं है औय न ह इस तयह र्की ववत्तीम हहत र्की प्रर्कृनत है|
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,
(फ) हाई ब्रो भार्केट अनुसंधान ननवेश सराहर्काय प्राइवेट लरलभटे ड मा उसर्के सहमोगी मा उनर्के कर्कसी बी तत्र्कार रयश्तेदाय र्की ववषम र्कंऩनी र्की प्रनतबूनतमों भें एर्क प्रनतशत मा उससे अचधर्क र्के वास्तववर्क / पामदे भंद स्वालभत्व नह ं हैं |
(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) हाई ब्रो भार्केट अनुसंधान ननवेश सराहर्काय प्राइवेट लरलभटे ड मा उसर्के सहमोचगमों र्को
अनुसंधान रयऩोटट र्के प्रर्काशन र्के सभम मा सावटजननर्क रूऩ से उऩस्स्थत होने र्के सभम र्कोई अन्म बौनतर्क संघषट नह ं है|
DISCLOSURE IN TERMS OF COMPENSATION: ऺनतऩूनता 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 अनुसध ं ान ननवेश सराहकाय प्राइवेट लरलभटे ड की ऩॉलरसी अऩने ववश्रेषकों , ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कंऩनी की प्रनतबनू तमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है । ववश्रेषक ऺनतऩनू ता : ववश्रेषक हाई ब्रो भाकेट अनुसध ं ान 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 अनुसध ं ान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने
वऩिरे 12 भहीनों भें ववषम कंऩनी से कोई भआ ु वजा 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 रयऩोटट र्के ववतयण र्की नतचथ से ऩूवट फायह भह नों र्के दौयान ववषम र्कंऩनी अफ मा र्कबी बी ग्राहर्क नह ं यह 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 भार्केट अनस ु ंधान ननवेश सराहर्काय प्राइवेट लरलभटे ड मा उसर्के सहमोगीमों ने ववषम र्कंऩनी र्के अचधर्काय , ननदे शर्क मा र्कभटिाय र्के रूऩ भें र्कबी बी र्काभ
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Monday, January 29, 2018