Equity Research Report 07 August 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

CLOSING AS ON 3rd Aug 18

CURRENCY MARKET UPDATE

WEEKLY CHANGES

WEEKLY % CHANGE

CURRENCY PAIR

CURRENT CLOSING

PREVIOUS CLOSING

WEEKLY % CHANGE

Nifty

11360.80

82.45

0.73%

USDINR

68.8575

68.9300

-0.11%

Nifty 100

11648.85

106.50

0.92%

GBPINR

89.8000

90.4075

-0.67%

Nifty 200

6048.05

61.20

1.02%

EURINR

79.9900

80.3435

-0.44%

Nifty 500

9685.7

106.65

1.11%

JPYINR

61.7900

61.3275

0.75%

Nifty VIX

12.08

-0.23

-1.89%

EURUSD

1.1590

1.1681

-0.78%

Nifty Bank

27695.5

61.10

0.22%

GBPUSD

1.3016

1.3132

-0.88%

Nifty Auto

10775.30

-99.50

-0.91%

Dollar Index

95.03

94.47

0.59%

11636

-55.00

-0.47%

Nifty FMCG

31424.95

675.60

2.20%

Nifty IT

14649.1

131.20

0.90%

Nifty Media

2867.85

40.05

1.42%

Nifty Metal

3380.85

83.15

2.52%

Nifty Pharma

9500.75

461.75

5.11%

Nifty PSU Banks

3239

145.30

Nifty PVT Bank

15621.25 270.4

Nifty Finance

Nifty Realty 2

COMMODITY MARKET UPDATE COMMODITY

CURRENT CLOSING

PREVIOUS CLOSING

WEEKLY % CHANGE

Gold COMEX

1221.90

1222.20

-0.02%

Gold MCX

29671

29958

-0.96%

Crude Oil NYMEX

68.65

69.02

-0.54%

Crude Oil MCX

4686

4714

-0.59%

4.70%

Brent Oil NYMEX

73.36

74.36

-1.34%

73.00

0.47%

Copper MCX

419.05

425.90

-1.61%

2.55

0.95%

Natural Gas NYMEX

2.845

2.785

2.15%

Copyright © 2018 Ways2Capital. All rights reserved

07/08/2018


Market at a Glance WEEKLY GAINERS SCRIP

CLOSING PRICE

WEEKLY % CHANGE

52 WEEK HIGH

Dr. Reddys Labs

2281.95

9.61%

2611.8

Lupin

886.25

8.69%

1090

Coal India

278.50

6.32%

316.55

HUL

1757.70

6.04%

1779.95

Power Grid

189.60

5.57%

226.4

WEEKLY LOSERS

3

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SCRIP

CLOSING PRICE

WEEKLY % CHANGE

52 WEEK LOW

Eicher Motors

26971.00

-6.88%

26000

HDFC Bank

2121.00

-3.74%

1685

HDFC

1974.35

-3.43%

1638

Tata motors

258.75

-3.34%

247.55

Asian Paints

1411.35

-1.53%

1082 07/08/2018


Economic Calendar ECONOMIC EVENTS CALENDER TIME

CURRENY

EVENT

FORECAST

PREVIOUS

-

1.10%

6.642M

6.638M

Tuesday, August 7, 2018 4:31

GBP

BRC Retail Sales Monitor (YoY) (Jul)

19:30

USD

JOLTs Job Openings (Jun) Wednesday, August 8, 2018

2:00

USD

API Weekly Crude Oil Stock

-

5.590M

20:00

USD

Cushing Crude Oil Inventories

-

-1.338M

20:00

USD

Crude Oil Inventories

-2.794M

3.803M

Thursday, August 9, 2018 7:00

CNY

CPI (MoM) (Jul)

0.20%

-0.10%

7:00

CNY

CPI (YoY) (Jul)

2.00%

1.90%

7:00

CNY

PPI (YoY) (Jul)

4.40%

4.70%

18:00

USD

PPI (MoM) (Jul)

0.30%

0.30%

Friday, August 10, 2018

4

14:00

GBP

GDP (YoY) (Q2)

1.30%

1.20%

14:00

GBP

GDP (QoQ) (Q2)

0.40%

0.20%

14:00

GBP

GDP (MoM)

-

0.30%

14:00

GBP

Manufacturing Production (MoM) (Jun)

0.30%

0.40%

18:00

USD

Core CPI (MoM) (Jul)

0.20%

0.20%

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07/08/2018


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

R4

R3

R2

R1

PP

S1

S2

S3

S4

ADANIPORTS

449.20

430.75

412.30

401.55

393.85

383.10

375.40

356.95

338.50

ASIANPAINT

1591.25

1538.30

1485.35

1457.80

1432.38

1404.80

1379.40

1326.45

1273.50

AXISBANK

702.75

656.55

610.35

590.00

564.12

543.75

517.90

471.70

425.50

BAJAJ-AUTO

3101.60

2964.65

2827.70

2750.45

2690.73

2613.45

2553.75

2416.80

2279.85

BAJAJFINSV

7929.30

7611.10

7292.90

7094.40

6974.68

6776.15

6656.45

6338.25

6020.05

BAJFINANCE

3037.50

2926.10

2814.70

2746.35

2703.30

2634.95

2591.90

2480.50

2369.10

BHARTIARTL

510.30

466.60

422.90

403.10

379.18

359.35

335.45

291.75

248.05

BPCL

461.85

440.00

418.15

406.95

396.30

385.10

374.45

352.60

330.75

CIPLA

709.80

685.90

662.00

648.15

638.07

624.20

614.15

590.25

566.35

COALINDIA

334.40

312.40

290.40

276.45

268.40

254.45

246.40

224.40

202.40

DRREDDY

2833.60

2601.90

2370.20

2218.70

2138.50

1987.00

1906.80

1675.10

1443.40

EICHERMOT

35678.75

33154.80

30630.85

29612.75

28106.87

27088.75

25582.90

23058.95

20535.00

GAIL

443.00

421.55

400.10

388.95

378.63

367.45

357.15

335.70

314.25

GRASIM

1140.20

1100.35

1060.50

1040.65

1020.65

1000.80

980.80

940.95

901.10

HCLTECH

1080.80

1039.90

999.00

973.10

958.08

932.15

917.15

876.25

835.35

HDFC

2379.85

2254.25

2128.65

2078.70

2003.02

1953.05

1877.40

1751.80

1626.20 Continued .......

5

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07/08/2018


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

R4

R3

R2

R1

PP

S1

S2

S3

S4

HDFCBANK

2406.05

2332.15

2258.25

2230.65

2184.35

2156.75

2110.45

2036.55

1962.65

HEROMOTOCO

4267.00

3913.95

3560.90

3381.95

3207.85

3028.90

2854.80

2501.75

2148.70

HINDALCO

294.40

265.95

237.50

225.75

209.05

197.30

180.60

152.15

123.70

HINDPETRO

319.40

307.05

294.70

289.50

282.33

277.10

269.95

257.60

245.25

HINDUNILVR

1883.65

1812.20

1740.75

1700.35

1669.30

1628.90

1597.85

1526.40

1454.95

IBULHSGFIN

1789.40

1619.50

1449.60

1384.30

1279.70

1214.40

1109.80

939.90

770.00

ICICIBANK

373.65

343.85

314.05

303.15

284.25

273.35

254.45

224.65

194.85

INDUSINDBK

2215.00

2129.20

2043.40

2012.20

1957.60

1926.40

1871.80

1786.00

1700.20

INFRATEL

327.90

314.05

300.20

294.65

286.33

280.75

272.45

258.60

244.75

INFY

1539.75

1482.20

1424.65

1397.95

1367.08

1340.35

1309.50

1251.95

1194.40

IOC

188.85

180.25

171.65

168.50

163.05

159.90

154.45

145.85

137.25

ITC

385.30

355.30

325.30

313.45

295.30

283.45

265.30

235.30

205.30

KOTAKBANK

1490.30

1433.30

1376.30

1344.60

1319.30

1287.60

1262.30

1205.30

1148.30

LT

1560.60

1475.90

1391.20

1350.75

1306.47

1266.00

1221.75

1137.05

1052.35

LUPIN

919.10

883.10

847.10

832.15

811.07

796.10

775.05

739.05

703.05

M&M

979.10

956.90

934.70

922.20

912.48

899.95

890.25

868.05

845.85 Continued .......

6

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07/08/2018


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

R4

R3

PP

S1

S2

S3

S4

10766.50

10298.75

9831.00

9606.45

9363.22

9138.65

8895.45

8427.70

7959.95

NTPC

174.00

167.95

161.90

158.90

155.82

152.80

149.75

143.70

137.65

ONGC

195.00

185.15

175.30

169.70

165.42

159.80

155.55

145.70

135.85

POWERGRID

217.45

206.55

195.65

189.45

184.73

178.50

173.80

162.90

152.00

RELIANCE

1385.50

1310.60

1235.70

1193.55

1160.77

1118.60

1085.85

1010.95

936.05

SBIN

338.20

324.15

310.10

303.75

296.05

289.70

282.00

267.95

253.90

SUNPHARMA

680.40

642.95

605.50

584.10

568.02

546.60

530.55

493.10

455.65

TATAMOTORS

328.00

306.35

284.70

276.10

263.05

254.45

241.40

219.75

198.10

TATASTEEL

634.75

607.75

580.75

566.90

553.73

539.85

526.70

499.70

472.70

TCS

2123.55

2066.55

2009.55

1977.10

1952.53

1920.05

1895.50

1838.50

1781.50

TECHM

786.70

745.50

704.30

679.90

663.08

638.65

621.85

580.65

539.45

TITAN

1088.55

1027.35

966.15

929.10

904.95

867.90

843.75

782.55

721.35

ULTRACEMCO

4581.15

4456.15

4331.15

4287.25

4206.12

4162.20

4081.10

3956.10

3831.10

UPL

717.05

692.45

667.85

655.25

643.23

630.60

618.60

594.00

569.40

VEDL

274.45

256.90

239.35

232.15

221.78

214.55

204.20

186.65

169.10

WIPRO

308.40

297.10

285.80

279.50

274.48

268.15

263.15

251.85

240.55

YESBANK

421.05

403.00

384.95

377.15

366.88

359.05

348.80

330.75

312.70

ZEEL

577.70

560.20

542.70

533.35

525.17

515.80

507.65

490.15

472.65

MARUTI

7

R2

R1

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07/08/2018


Open Interest & price Analysis LONG BUILD-UP

NIFTY OPTIONS OPEN INTEREST ANALYSIS

SHORT COVERING

CHANGE IN OI (In %)

PRICE CHANGE (In %)

SCRIP

CHANGE IN OI (In %)

PRICE CHANGE (In %)

INDIANB

52.42%

3.29%

MGL

-22.51%

10.21%

PTC

41.68%

4.59%

HEXAWARE

-16.35%

4.68%

PVR

36.81%

5.82%

DRREDDY

-14.18%

9.07%

PNB

36.66%

7.51%

PAGEIND

-13.70%

2.52%

PCJEWELLER

31.15%

11.60%

BEL

-13.34%

16.20%

SCRIP

SHORT BUILD-UP

LONG UNWINDING

CHANGE IN OI (In %)

PRICE CHANGE (In %)

MARICO

52.12%

-2.48%

ARVIND

47.90%

REPCOHOME

CHANGE IN OI (In %)

PRICE CHANGE (In %)

-

-

-

-2.05%

-

-

-

34.96%

-2.40%

-

-

-

EICHERMOT

26.17%

-6.20%

-

-

-

RAMCOCEM

25.87%

-4.49%

-

-

-

SCRIP

SCRIP

Analysis : As per the analysis of above

8

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chart. Major Resistance Level: 11500 Major Support Levels: 11000

07/08/2018


Nifty Analysis Fundamental Outlook

NIFTY WEEKLY PIVOTS

After opening sharply higher, nifty index extended rally as the week progressed and continued its bullish trend seen

PARTICULAR

LEVEL

in the previous week to end at fresh record closing high on Friday. The index formed strong bullish candle on the

R4

11757.60

R3

11624.70

R2

11491.80

R1

11443.80

PP

11358.90

S1

11310.90

S2

11226.00

S3

11093.10

S4

10960.20

last session of the week. The renewed trade war tensions between world's largest economies US and China spooked the market. The rally was led by value buying after recent consolidation. Although latest policy released by RBI on Thursday tried to create pressure on the index but the impact didn’t last for longer time. All sectoral indices ended in the green with Bank, Financial Services, FMCG and Metal indices rising over a percent each. Markets witnessed a stellar rally backed by a strong move in the financial stocks. Nifty closed on a record high with Axis Bank, Kotak Bank, ICICI Bank and HDFC Ltd gaining 5%, 2.1%, 2.2% & 2.4% respectively at the close.

Technical Outlook A new week and a new life time highs, that was the last week for our Indian Equity markets. Nifty seems to have climbed the short term resistance wall of worry as it rallied ahead closing at fresh all-time highs. Index started the last week on positive note and continued its bullish run till mid of the week , where Index seen some correction from higher levels. Thursday's session was fully dominated by the bears and index showed some sharp fall from higher levels but last trading session again give the control to bulls as index managed to gave closing on positive note on weekly basis. Continued ….... 9

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07/08/2018


Nifty Analysis The index formed strong bullish candle on the daily candlestick charts. The sharp rebound after correction indicated

WEEKLY STRATEGY

the market may be heading for higher levels at around 11,450-11,500 levels but it may see some consolidation before moving towards these levels. Major resistance are placed at 11450-11500 while down side support is placed at 1131711234 levels. On option front, maximum Put open interest was seen at 11,000 strike while maximum Call OI was at

PARTICULAR ACTION

DETAILS BUY

11,500. ENTRY PRICE

ABOVE 11410

TARGET

11550

STOP LOSS

11299

TECHNICAL INDICATOR ANALYSIS INDICATOR

For this week, traders can adopt buy on lower level strategy in it and above the level of 11410. It can test the level of Rs. 11550 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 11299.

CURRENT TREND

20 Days EMA

POSITIVE

50 Days EMA

POSITIVE

200 Days EMA

POSITIVE

RSI

POSITIVE

MACD

POSITIVE

STOCHASTIC

POSITIVE Continued …....

10

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07/08/2018


Bank Nifty Analysis The Nifty Bank index opened on positive note on Monday but seen some consolidation for next couple of trading sessions. It rallied higher on Thursday to end the July series derivative expiry session on a strong note up more than 1%. In Friday's session Bank Nifty finally surpassed its life time high of 27,652 and made a new life time high of 27,661 levels. It formed a strong Bullish Candle on daily as well as weekly basis. Going ahead, now index is in uncharted territories and if it manages to

WEEKLY STRATEGY PARTICULAR ACTION

DETAILS BUY

sustain above the levels of 27500 then it can extend its up move further till 27900-28000 levels while down side 27400-

ENTRY PRICE

ABOVE 27850

27200 will act as a immediate support for the index.

TARGET

28150

STOP LOSS

27650

WEEKLY PIVOTS PARTICULAR

LEVEL

R4

29058.30

R3

28601.55

R2

28144.80

R1

27960.80

PP

27688.05

S1

27504.05

For this week, traders can adopt buy on lower level strategy in it and above the level of 27665. It can test the

S2

27231.30

level of Rs. 27965 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 27465.

S3

26774.55

S4

26317.80

11

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07/08/2018


STAR ( Call of the Week ) Technical Outlook

WEEKLY STRATEGY

Overall trend of the Stock is bearish for long term . For short-medium term stock is in recovery phase. Last week stock started on positive note and traded with sideways movement throughout the week. Stock is taking recovery from lower levels on daily chart . It can show good positive move in coming weeks if it manages to

PARTICULAR ACTION ENTRY PRICE

DETAILS BUY ABOVE 403

trade above 400 levels. On intraday chart it has showed a good buying from lower levels. TARGET

418.00

STOP LOSS

395.00

WEEKLY PIVOTS PARTICULAR

LEVEL

R4

532.90

R3

484.10

R2

435.30

R1

414.35

PP

386.50

S1

365.55

S2

337.70

For this week, traders can adopt buy on lower level strategy in it and above the level of 403 it can test the level

S3

288.90

of Rs. 418 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 395.

S4

240.10

12

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07/08/2018


SIEMENS ( 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 some consolidation phase . Last week stock started on positive note and traded with positive movement throughout the week . On

PARTICULAR ACTION

DETAILS BUY

daily chart it has gave breakout of its major resistance level of 1015 and trading above this levels. It has also

ENTRY PRICE

ABOVE 1028

gave breakout of its down word trend line. In intraday it showed a good positive move.

TARGET

1058.00

STOP LOSS

1008.00

WEEKLY PIVOTS PARTICULAR

LEVEL

R4

1164.40

R3

1110.15

R2

1055.90

R1

1034.05

PP

1001.65

S1

979.80

S2

947.40

For this week, traders can adopt buy on lower level strategy in it and above the level of 1028 it can test the

S3

893.15

level of Rs. 1058 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1008

S4

838.90

13

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07/08/2018


TITAN FUTUTRES ( Call of the Week ) Technical Outlook

WEEKLY STRATEGY

TITAN Aug Futures is in recovery phase & almost recovered 18% in last 20 days. Last week, it started the week on positive note and continued the same for the entire week. It made a high of 944.65 and closed at 921.10 with the overall gain of 3.5% on weekly basis. Currently its consolidating above the major psychological level of

PARTICULAR ACTION ENTRY PRICE

DETAILS SELL ABOVE 913

900 with the positive technical indicators and for this week, we can expect further upside movement in it. TARGET

943.00

STOP LOSS

902.00

WEEKLY PIVOTS PARTICULAR

LEVEL

R4

1097.60

R3

1036.40

R2

975.20

R1

947.20

PP

914

S1

886.00

S2

852.80

For this week, traders can adopt buy on lower levels strategy in it and above the level of 913.00 it can test the

S3

791.60

level of Rs. 943 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 902

S4

730.40

14

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07/08/2018


TATA GLOBAL FUTURES ( Call of the Week ) Technical Outlook

WEEKLY STRATEGY

Last week, TATAGLOBAL Aug Futures started the week on negative not and continued the same for the most part of the week. It made a low of 229.10 during the week and closed at 236.70 with the overall loss of 3.17%. Technically it’s took the support of major support level of 228 and recovering

PARTICULAR ACTION ENTRY PRICE

DETAILS BUY ABOVE 240

from lower levels with positive technical indicators. TARGET

248.00

STOP LOSS

236.00

WEEKLY PIVOTS PARTICULAR

LEVEL

R4

313.65

R3

289.10

R2

264.55

R1

249.60

PP

240

S1

225.05

For this week, traders can adopt buy on lower levels strategy in it and above the level of 240.00 it can test the

S2

215.45

level of Rs. 248 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 236

S3

190.90

S4

166.35

15

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07/08/2018


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.

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Copyright © 2018 Ways2Capital. All rights reserved

07/08/2018


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

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Copyright © 2018 Ways2Capital. All rights reserved

07/08/2018


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