Equity Research Report 06 November 2018 Ways2Capital

Page 1

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED

PHONE: 0731-6626191 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001


Market Wrap–Up MAJOR INDICES INDEX

CURRENCY MARKET UPDATE

WEEKLY CHANGES

WEEKLY % CHANGE

CURRENCY PAIR

CURRENT CLOSING

PREVIOUS CLOSING

WEEKLY % CHANGE

Nifty

10553.00

523.00

5.21%

USDINR

72.6450

73.3975

-1.03%

Nifty 100

10782.30

557.00

5.45%

GBPINR

94.7200

93.8950

0.88%

Nifty 200

5588.75

299.25

5.66%

EURINR

83.3475

83.3000

0.06%

Nifty 500

8899.40

482.15

5.73%

JPYINR

64.4750

65.5600

-1.65%

India VIX

18.23

-1.00

-5.20%

EURUSD

1.1439

1.1361

0.69%

Nifty Bank

25701.65

1280.60

5.24%

GBPUSD

1.3002

1.2810

1.50%

Nifty Auto

9180.20

602.15

7.02%

Dollar Index

96.34

96.13

0.22%

Nifty Finance

10864.95

604.85

5.90%

Nifty FMCG

28836.80

823.25

2.94%

Nifty IT

14396.70

598.10

4.33%

Nifty Media

2475.85

116.75

4.95%

Nifty Metal

3439.25

155.35

Nifty Pharma

9547.85

Nifty PSU Banks Nifty PVT Bank Nifty Realty 2

CLOSING AS ON 2ND NOV 18

COMMODITY MARKET UPDATE COMMODITY Gold COMEX

CURRENT CLOSING

PREVIOUS CLOSING

WEEKLY % CHANGE

1230.90

1232.50

-0.13%

Gold MCX

31750

31937

-0.59%

4.73%

Crude Oil NYMEX

63.14

67.59

-6.58%

432.75

4.75%

Crude Oil MCX

4609

4951

-6.91%

2923.15

350.30

13.62%

Brent Oil NYMEX

72.83

77.62

-6.17%

14552.65

767.60

5.57%

Copper MCX

451.25

444.70

1.47%

221.30

15.90

7.74%

Natural Gas NYMEX

3.284

3.185

3.11%

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


Market at a Glance WEEKLY GAINERS CLOSING PRICE

WEEKLY % CHANGE

52 WEEK HIGH

YES BANK

207.90

14.70%

404.00

UPL LTD

715.50

13.14%

830.00

AXIS BANK

626.55

10.72%

676.90

SBI

291.05

8.58%

346.50

GRASIM

844.20

7.94%

1299.90

SCRIP

WEEKLY LOSERS SCRIP

3

Copyright © 2018 Ways2Capital. All rights reserved

CLOSING PRICE

WEEKLY % CHANGE

52 WEEK LOW

COAL INDIA

263.25

-8.29%

256.00

DR REDDY LABS

2419.50

-4.55%

1888.00

NTPC LTD

152.85

-3.96%

149.45

CIPLA

609.85

-3.90%

508.10

WIPRO

320.65

-2.42%

253.50 06/11/2018


Economic Calendar ECONOMIC EVENTS CALENDER TIME

CURRENY

EVENT

FORECAST

PREVIOUS

Monday, November 5, 2018 15:00

GBP

Services PMI (Oct)

53.3

53.9

20:30

USD

ISM Non-Manufacturing PMI (Oct)

59.3

61.6

7.100M

7.136M

Tuesday, November 6, 2018 20:30

USD

JOLTs Job Openings (Sep) Wednesday, November 7, 2018

All Day

INR

India - Diwali - Laxmi Puja

21:00

USD

Crude Oil Inventories

Holiday -

3.217M

Thursday, November 8, 2018 All Day

India - Diwali-Balipratipada

Holiday

Friday, November 9, 2018

4

0:30

USD

FOMC Statement

-

-

0:30

USD

Fed Interest Rate Decision

2.25%

2.25%

15:00

GBP

GDP (YoY) (Q3)

1.50%

1.20%

15:00

GBP

GDP (QoQ) (Q3)

0.60%

0.40%

15:00

GBP

GDP (MoM)

0.10%

0.00%

15:00

GBP

Manufacturing Production (MoM) (Sep)

0.10%

-0.20%

15:00

GBP

Monthly GDP 3M/3M Change

0.60%

0.70%

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME

R4

R3

R2

R1

PP

S1

S2

S3

S4

ADANIPORTS

437.05

399.90

362.75

348.20

325.58

311.00

288.40

251.25

214.10

ASIANPAINT

1586.05

1470.05

1354.05

1300.55

1238.03

1184.50

1122.00

1006.00

890.00

AXISBANK

827.10

747.75

668.40

639.55

589.03

560.15

509.65

430.30

350.95

BAJAJ-AUTO

3287.95

3062.20

2836.45

2747.10

2610.67

2521.30

2384.90

2159.15

1933.40

BAJAJFINSV

6611.80

6229.00

5846.20

5685.75

5463.37

5302.90

5080.55

4697.75

4314.95

BAJFINANCE

2892.40

2724.40

2556.40

2469.85

2388.37

2301.80

2220.35

2052.35

1884.35

BHARTIARTL

382.95

354.05

325.15

313.60

296.25

284.70

267.35

238.45

209.55

BPCL

423.35

379.40

335.45

318.90

291.47

274.90

247.50

203.55

159.60

CIPLA

725.85

689.10

652.35

629.75

615.58

592.95

578.80

542.05

505.30

COALINDIA

360.80

330.50

300.20

280.90

269.88

250.55

239.55

209.25

178.95

DRREDDY

3098.30

2891.85

2685.40

2554.35

2478.93

2347.85

2272.45

2066.00

1859.55

EICHERMOT

29290.15

26910.75

24531.35

23602.75

22151.93

21223.30

19772.50

17393.10

15013.70

GAIL

472.05

435.35

398.65

384.20

361.95

347.50

325.25

288.55

251.85

GRASIM

1122.70

1023.40

924.10

885.85

824.77

786.50

725.45

626.15

526.85

HCLTECH

1343.90

1231.95

1120.00

1062.30

1008.02

950.30

896.05

784.10

672.15

HDFC

2323.00

2139.15

1955.30

1889.85

1771.45

1706.00

1587.60

1403.75

1219.90 Continued .......

5

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME

R4

R3

R2

R1

PP

S1

S2

S3

S4

HDFCBANK

2173.00

2093.05

2013.10

1981.30

1933.13

1901.30

1853.15

1773.20

1693.25

HEROMOTOCO

3543.70

3311.85

3080.00

2988.30

2848.15

2756.45

2616.30

2384.45

2152.60

HINDALCO

319.30

290.80

262.30

251.40

233.78

222.85

205.25

176.75

148.25

HINDPETRO

314.15

287.60

261.05

250.65

234.48

224.05

207.90

181.35

154.80

HINDUNILVR

1981.50

1855.30

1729.10

1683.80

1602.88

1557.55

1476.65

1350.45

1224.25

IBULHSGFIN

1370.05

1185.15

1000.25

935.60

815.33

750.65

630.40

445.50

260.60

ICICIBANK

437.55

407.40

377.25

365.85

347.07

335.65

316.90

286.75

256.60

INDUSINDBK

2141.90

1920.15

1698.40

1620.10

1476.62

1398.30

1254.85

1033.10

811.35

INFRATEL

299.05

287.45

275.85

269.10

264.23

257.45

252.60

241.00

229.40

INFY

846.60

785.15

723.70

693.00

662.23

631.50

600.75

539.30

477.85

IOC

193.95

177.60

161.25

154.75

144.90

138.40

128.55

112.20

95.85

ITC

320.00

306.90

293.80

288.55

280.68

275.40

267.55

254.45

241.35

KOTAKBANK

1291.55

1237.10

1182.65

1157.95

1128.18

1103.45

1073.70

1019.25

964.80

LT

1870.75

1685.00

1499.25

1428.75

1313.48

1242.95

1127.70

941.95

756.20

LUPIN

1079.40

1009.60

939.80

894.85

869.97

825.00

800.15

730.35

660.55

M&M

972.85

904.95

837.05

810.30

769.15

742.40

701.25

633.35

565.45 Continued .......

6

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME

R4

R3

R2

R1

PP

S1

S2

S3

S4

MARUTI

8908.50

8249.50

7590.50

7363.00

6931.48

6703.95

6272.45

5613.45

4954.45

NTPC

175.50

169.70

163.90

160.95

158.10

155.15

152.30

146.50

140.70

ONGC

179.05

171.20

163.35

160.35

155.47

152.45

147.60

139.75

131.90

POWERGRID

227.50

214.00

200.50

195.20

186.98

181.65

173.45

159.95

146.45

RELIANCE

1215.15

1167.30

1119.45

1097.20

1071.58

1049.30

1023.70

975.85

928.00

SBIN

408.75

364.35

319.95

302.65

275.52

258.20

231.10

186.70

142.30

SUNPHARMA

660.45

630.40

600.35

586.10

570.27

556.00

540.20

510.15

480.10

TATAMOTORS

255.75

231.60

207.45

198.90

183.28

174.70

159.10

134.95

110.80

TATASTEEL

721.10

668.05

615.00

594.55

561.93

541.45

508.85

455.80

402.75

TCS

2394.90

2224.65

2054.40

1983.95

1884.13

1813.65

1713.85

1543.60

1373.35

TECHM

1009.00

904.20

799.40

745.15

694.57

640.30

589.75

484.95

380.15

TITAN

1083.30

1006.95

930.60

900.80

854.22

824.40

777.85

701.50

625.15

ULTRACEMCO

5165.60

4661.60

4157.60

3944.20

3653.60

3440.20

3149.60

2645.60

2141.60

UPL

990.05

886.85

783.65

747.55

680.42

644.30

577.20

474.00

370.80

VEDL

289.55

266.05

242.55

234.25

219.03

210.70

195.50

172.00

148.50

WIPRO

377.25

359.25

341.25

329.85

323.23

311.80

305.20

287.20

269.20

YESBANK

323.40

282.25

241.10

225.10

199.92

183.90

158.75

117.60

76.45

ZEEL

545.60

510.30

475.00

458.20

439.68

422.85

404.35

369.05

333.75

7

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


Open Interest & Price Analysis LONG BUILD-UP SCRIP

CHANGE IN OI (In %)

PRICE CHANGE (In %)

IGL

97.61%

12.35%

VOLTAS

73.00%

CUMMINSIND

CHANGE IN OI (In %)

PRICE CHANGE (In %)

NESTLEIND

-24.69%

6.95%

8.35%

REPCOHOME

-21.51%

22.10%

64.12%

14.23%

TATAELXSI

-21.37%

8.65%

AMBUJACEM

56.84%

6.59%

INDIANB

-18.53%

11.35%

DIVISLAB

40.21%

19.59%

BEL

-16.56%

7.73%

SCRIP

SHORT BUILD-UP CHANGE IN OI (In %)

SCRIP

LONG UNWINDING PRICE CHANGE (In %)

SCRIP

CHANGE IN OI (In %)

PRICE CHANGE (In %)

COALINDIA

91.53%

-6.61%

CESC

-43.12%

-18.48%

MOTHERSUMI

50.20%

-23.57%

MCX

-14.72%

-2.34%

KOTAKBANK

13.47%

-2.35%

KPIT

-10.58%

-3.68%

HEXAWARE

10.24%

-2.41%

-

-

-

-

-

-

-

-

8

NIFTY OPTIONS OPEN INTEREST ANALYSIS

SHORT COVERING

Copyright © 2018 Ways2Capital. All rights reserved

Analysis : As per the analysis of above chart. Major Resistance Level: 10800 followed by 11000 Major Support Levels: 10000 06/11/2018


Nifty Analysis Fundamental Outlook

NIFTY WEEKLY PIVOTS

Pre-Diwali week brought back some joy in our Indian equity market as Nifty index showed some smart recovery in last week

PARTICULAR

LEVEL

R4

12150.90

R3

11574.45

R2

10998.00

R1

10787.55

PP

10421.55

S1

10211.10

S2

9845.10

S3

9268.65

S4

8692.20

which provide much needed happiness in the traders and Investors fraternity ahead of festival week. HDFC was the major contributor to the Nifty's gain followed by HDFC Bank , Reliance Industries , Indian Oil Corporation and Maruti Suzuki . The Nifty PSU Bank has outperformed other sectoral indices with a gain of 13.6 percent during the week. This recovery was seen in all major world indices as most of the markets remained bullish throughout the week and gave closing on positive note with more than 2% gain on weekly basis. Few macro factors like Crude Oil correcting from higher levels as well domestic currency softening led to this much awaited hope rally. On a weekly basis, the rupee gained over a percent against the dollar as it ended Friday (November 2) higher by over a rupee at 72.43. Last Friday, the rupee ended at 73.46 against the dollar. There were couple of tentative attempts seen from the markets; but eventually strong buying momentum lifted index significantly higher from last week’s low. The Nifty index surged 5.2 percent, or 523 points, to close at 10,577.05.

Technical Outlook Last week selling nifty index started on positive note and continue its positive run throughout the week. We got some reversal in index last week as Nifty surpassing last Friday’s high of 10177 and since then there has been no stopping. Friday's session was fully dominated by the bulls ass

Continued ….... 9

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


Nifty Analysis The market staged stellar performance on last day of the week as the Nifty from its opening trade remained strong through-

WEEKLY STRATEGY

out the session and surpassed 10,600 levels intraday Friday. It formed a bullish candle on daily as well as weekly scale. Now with Friday’s move, we are well above daily 20-EMA and hence, we expect continuation of this relief move towards 1070010800 in days to come. On the lower side, 10450 followed by 10190 are seen as strong support levels for the forthcoming

PARTICULAR ACTION

DETAILS BUY

week. On option front, maximum Put OI was at 10,000 followed by 10,200 strikes while maximum Call OI was seen at 10,700 ENTRY PRICE

followed by 10,800 strikes.

ABOVE 10570

TARGET

10690

STOP LOSS

10499

TECHNICAL INDICATOR ANALYSIS INDICATOR

For this week, traders can adopt buy on lower level strategy in it and above the level of 10570. It can test the level of Rs. 10690 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10499.

CURRENT TREND

20 Days EMA

POSITIVE

50 Days EMA

NEGATIVE

200 Days EMA

NEGATIVE

RSI

POSITIVE

MACD

POSITIVE

STOCHASTIC

POSITIVE Continued …....

10

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


Bank Nifty Analysis Technical Outlook

WEEKLY STRATEGY

The Nifty Bank index started the last week on positive note on Monday and traded with positive sentiment throughout the week. index give closing with more than 1000 points gain on weekly basis. Bank Nifty finally surpassed its crucial hurdle of

PARTICULAR ACTION

DETAILS BUY

25,500-25,650 zone and extended its gains towards 25,850. It has formed a strong bullish candle on the weekly chart which suggests that bulls are holding tight grip. Now it has to continue to hold above 25,600 to extend its up move towards 26,200 then 26,500 while on the downside major support is seen at 25,400 then 25,200

ENTRY PRICE

ABOVE 25900

TARGET

26500

STOP LOSS

25550

WEEKLY PIVOTS

For this week, traders can adopt buy on lower level strategy in it and above the level of 25900. It can test the level of Rs. 26500 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 25550. 11

Copyright Š 2018 Ways2Capital. All rights reserved

PARTICULAR

LEVEL

R4

29653.45

R3

28226.70

R2

26799.95

R1

26275.15

PP

25373.20

S1

24848.40

S2

23946.45

S3

22519.70

S4

21092.95 06/11/2018


ASHOKLEY Cash( Call of the Week ) Technical Outlook Overall trend of the Stock is sideways for long term . For short-medium term stock is in consolidation phase. Last week, it started on positive note and traded with sideways movement throughout the week. On daily chart it has gave breakout of

WEEKLY STRATEGY PARTICULAR

its major upward trend line . On intraday chart it has shown good positive move. If it manages to trade above the levels of

ACTION

122 than further upside move can be seen in it

ENTRY PRICE

DETAILS BUY ABOVE 122

TARGET

129.00

STOP LOSS

119.00

WEEKLY PIVOTS

For this week, traders can adopt buy on lower level strategy in it and above the level of 122 it can test the level of Rs. 129 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 119.

12

Copyright © 2018 Ways2Capital. All rights reserved

PARTICULAR

LEVEL

R4

136.45

R3

129.60

R2

122.75

R1

120.20

PP

115.90

S1

113.35

S2

109.05

S3

102.20

S4

95.35 06/11/2018


PIDILITIND CASH Cash ( Call of the Week ) Technical Outlook

WEEKLY STRATEGY

Overall trend of the Stock is bullish for long term . For short-medium term stock is in correction phase . Last week stock started on positive note and good buying was seen in it from lower levels throughout the week. On daily chart it has

PARTICULAR ACTION

DETAILS BUY

formed double bottom on lower levels. If it manages to trade above 1020 levels than further upside move can be seen in it. In intraday it showed a good positive move.

ENTRY PRICE

ABOVE 1020

TARGET

1069.00

STOP LOSS

994.00

WEEKLY PIVOTS

For this week, traders can adopt buy on lower level strategy in it and above the level of 1020 it can test the level of Rs. 1069 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 994

13

Copyright © 2018 Ways2Capital. All rights reserved

PARTICULAR

LEVEL

R4

1238.15

R3

1148.75

R2

1059.35

R1

1024.30

PP

969.95

S1

934.90

S2

880.55

S3

791.15

S4

701.75 06/11/2018


RAMCOCEM FUTURES( Call of the Week ) Technical Outlook Last week, RAMCOCEM Nov Futures started the week on positive note and after that consolidated for the remaining part of the week. It made a high of 620 during the week and closed at 603.35 with the overall gain of 7.50 % on weekly basis. Technically it consolidating near to downward trend line breakout and for this week we can expect upside movement in it.

WEEKLY STRATEGY PARTICULAR ACTION ENTRY PRICE

DETAILS BUY ABOVE 627.50

TARGET

647.50

STOP LOSS

617.50

WEEKLY PIVOTS PARTICULAR

LEVEL

R4

780.60

R3

719.25

R2

657.90

R1

632.05

PP

596.55

S1

570.70

S2

535.20

For this week, traders can adopt buy on lower level strategy and above the level of 627.50 it can test the level of 647.50

S3

473.85

during the week. Trades can make buy position in it by maintaining a Stop Loss of 617.50

S4

412.50

14

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


ASHOKLEY FUTURES ( Call of the Week ) Technical Outlook Last week, ASHOKLEY Nov Futures started the week on positive note and after that it witnessed side ways to positive movement for the remaining part of the week. It made a high of 119.10 during the week and closed 118.30 with the overall gain of 4.40 % on weekly basis. Technically it made a Rounding Bottom Pattern and also it given trend line breakout. For this week, we can expect upside movement in it.

WEEKLY STRATEGY PARTICULAR ACTION ENTRY PRICE

DETAILS BUY ABOVE 122.50

TARGET

128.50

STOP LOSS

119.90

WEEKLY PIVOTS

For this week, traders can adopt buy from trend line breakout strategy in it and above the level of 122.50 it can test the level of 128.50 during the week. Traders can make buy position in it by maintaining a Stop Loss of 119.90.

15

Copyright © 2018 Ways2Capital. All rights reserved

PARTICULAR

LEVEL

R4

139.10

R3

131.50

R2

123.90

R1

121.10

PP

116.30

S1

113.50

S2

108.70

S3

101.10

S4

93.50 06/11/2018


Disclaimer LEGAL DISCLAIMER ( कानूनी 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 माके ट अनुसध ं ान ननवेश सलाहकार प्राइवेट नलनमटेड का एक भाग) द्वारा तैयार ककया गया है | यहां पर दी गई जानकारी, नवश्लेषण और अनुमान Ways2Capital इकिटी / कमोनडटी अनुसध ं ान के मूलयांकन पर आधाररत हैं और नवश्वसनीय स्रोतों से प्राप्त की गई है | यह दस्तावेज़ के वल इनछित प्राप्तकता​ा के उपयोग के नलए 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 इकिटी / कमोनडटीज अनुसंधान का प्रनतनननधत्व करता है और सामान्य जानकारी के नलए ही है | Ways2Capital इकिटी / कमोनडटीज अनुसंधान, इसके ननदेशकों, अनधकारी या कमाचारी ककसी भी तरह से संबंनधत सामग्री के नलए नजम्मेदार नहीं है। |

Ways2Capital इकिटी / कमोनडटीज अनुसंधान ककसी भी और सभी उत्तरदानयत्वों को स्पष्ट रूप से अस्वीकार करता है जो इस संबंध में सूचना, त्रुरटयों या चूक से पैदा हो सकता है| इस दस्तावेज को ककसी भी प्रनतभूनत या वस्तु को खरीदने के नलए बेचने या एक आग्रह के नलए प्रस्ताव के रूप में नहीं माना 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. उपरोक्त सभी सूचना, स्तर और सुझाव, Ways2Capital के नवशेषज्ञ के पैनल द्वारा ककए गए तकनीकी और मौनलक अनुसध ं ान के आधार पर दी गई हैं, लेककन हम कदए गए सुझावों की त्रुरटयों के नलए कोई दानयत्व स्वीकार नहीं करते हैं | वेबसाइट के माध्यम से सर्फिंग करने वाले लोगों को अपनी पसंद के उत्पाद सेवाओं को चुनने का अनधकार 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. इकिटी / कमोनडटी बाजार में कोई भी ननवेश जोनखम के अधीन होता है, कं पनी इन सुझावों पर ककए गए ककसी भी नुकसान के नलए उत्तरदायी नहीं होगी | यह स्तर भनवष्य के कीमतों की गनत का संकेत नहीं देते है| वेबसाइट के माध्यम से ककसी भी ब्राउजज़ग का अथा है अस्वीकरण की स्वीकृ नत।

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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी कं पननयां अनुसंधान ररपोटा में शानमल कं पननयों के साथ कारोबार नहीं करती हैं और न ही ककसी भी तरह के उत्पादों / प्रनतभूनतयों के जारीकता​ा के साथ जुडी हैं, जो यह सुनननित करता है कक नहतों के नलए कोई वास्तनवक या संभानवत संघषा नहीं है | ननयामक ननकाय के अनुपालन को सुनननित करने के नलए हमने यह तय ककया है कक कं पनी और उसके कोई भी प्रनतनननध बाज़ार में ट्रेड नहीं करेंगे।

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.

16

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


Disclaimer ग्राहकों को यह सलाह दी जाती है कक वे ररपोटा में दी गई जानकारी को के वल राय के रूप में देखें और ननवेश के नलए स्वयं िंै सला करें | ग्राहकों को वेबसाइट पर प्रकानशत सेवाओं के ननयमों और शतों को पढ़ने और समझने की भी सलाह दी जाती है | कं पनी के ननगमन के बाद ननयामक ननकाय द्वाराकं पनी के नखलािं कोई मुकदमा (यानचका) दायर नहीं ककया गया है।

DISCLOSURE APPENDIX ( प्रकटीकरण पररनशष्ट ) : 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 नवश्लेषकों द्वारा तैयार की गयी है जो द्वारा हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड द्वारा ननयुक्त हैं | इस ररपोटा में व्यक्त सभी नवचार कं पनी के बारे में व्यनक्तगत नवचारों को दशा​ाता है और कं पननयों और उनकी प्रनतभूनतयां और क्षनतपू र्तत (मुआवजे) का कोई नहस्सा, या इस शोध ररपोटा में नननहत नवशेष सुझावों या नवचारों से प्रत्यक्ष या अप्रत्यक्ष रूप से संबंनधत नहीं होगा।

DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (नहतों के संघषा 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) हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कं पनी में कोई नवत्तीय रुनच नहीं है और न ही इस तरह की नवत्तीय नहत की प्रकृ नत है| (a)

High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company,

( ब) हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कं पनी की प्रनतभूनतयों में एक प्रनतशत या उससे अनधक के वास्तनवक / िंायदेमदं स्वानमत्व नहीं हैं |

(a)

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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोनगयों को अनुसंधान ररपोटा के प्रकाशन के समय या सावाजननक रूप से उपनस्थत होने के समय कोई अन्य भौनतक संघषा नहीं है|

DISCLOSURE IN TERMS OF COMPENSATION ( क्षनतपूर्तत के संदभा 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड की पॉनलसी अपने नवश्लेषकों, पेशेवरों को नवश्लेषक के क्षेत्र में ककसी भी कं पनी की प्रनतभूनतयों के स्वामी से नवश्लेषकों को ररपोटा करने से रोकती है। नवश्लेषक क्षनतपूर्तत : नवश्लेषक हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड के वेतन आधाररत स्थायी कमाचारी है |

DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नपिले 12 महीनों में नवषय कं पनी से कोई मुआवजा प्राप्त नहीं ककया 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 ररपोटा के नवतरण की नतनथ से पूवा बारह महीनों के दौरान नवषय कं पनी अब या कभी भी ग्राहक नहीं रही 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटे ड या उसके सहयोगीयों ने नवषय कं पनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम

17

Copyright © 2018 Ways2Capital. All rights reserved

06/11/2018


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.