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HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.
2 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
Market Wrap-Up
NCDEX Market Wrap-Up
Commodity Contract
Previous
Close
Open High Low Close
% Change
in Price
% Change in
Open Interest
% Change
in Volume
Currency Market Wrap-Up
Currency Pair Contract
Previous
Close
Open High Low Close
Change in
Price (in%)
Continued…….
MCX Market Wrap-Up
Commodity Contract
Previous
Close
Open High Low Close
% Change in
Price
% Change in
Open Inter-
est
% Change
in Volume
Aluminium 29-Mar-19 134.40 134.75 150.65 132.60 149.40 11.16% 6.25% -45.10%
Copper 30-Apr-19 462.35 462.40 468.65 458.80 462.65 0.06% -11.78% -5.96%
Crude Oil 19-Mar-19 4,085 4,073 4,117 3,916 3,973 -2.74% 27.36% -1.14%
Gold 05-Apr-19 33517 33511 33617 32600 32640 -2.62% 31.09% -7.12%
Lead 29-Mar-19 145.9 146.55 154.10 146.10 152.1 4.25% 41.92% -30.69%
Natural Gas 26-Mar-19 192.30 193.80 204.30 193.80 202.90 5.51% 40.84% -29.60%
Nickel 29-Mar-19 917.80 922.30 949.40 909.20 935.20 1.90% 20.75% -29.80%
Silver 05-Mar-19 40268 40270 40412 38216 38301 -4.88% 25.77% 4.27%
Zinc 29-Mar-19 194.50 194.45 201.05 190.85 199.60 2.62% 2.31% 1.21%
Castor Seed 19-Mar-19 5252.00 5254.00 5306.00 5220.00 5248.00 -0.08% 63.86% 0.91%
Chana 19-Mar-19 4156.00 4154.00 4168.00 4052.00 4116.00 -0.96% -13.06% 0.29%
Dhaniya 16-Apr-19 6235.00 6220.00 6365.00 6150.00 6201.00 -0.55% 71.38% -2.88%
COCUDAKL 19-Mar-19 1983.50 1979.00 1988.00 1905.00 1937.00 -2.34% 28.04% 0.63%
Guargum5 19-Mar-19 8369.00 8365.00 8420.00 8162.00 8375.00 0.07% -24.62% 3.41%
Guarseed10 19-Mar-19 4214.50 4207.00 4240.00 4112.50 4175.00 -0.94% 62.23% 1.74%
Jeera 19-Mar-19 15410.00 15415.00 15600.00 15140.00 15565.00 1.01% -18.85% 14.62%
RMseed 16-Apr-19 3881.00 3876.00 3887.00 3818.00 3842.00 -1.00% 28.62% 9.25%
Ref Soya Oil 19-Mar-19 766.95 768.00 769.85 751.20 762.70 -0.55% 8.87% 6.97%
Soyabean 19-Mar-19 3730.00 3743.00 3743.00 3607.00 3649.00 -2.17% 92.77% -4.66%
Turmeric 16-Apr-19 6200.00 6186.00 6356.00 6114.00 6314.00 1.84% 112.09% -0.45%
Mentha Oil 29-Mar-19 1617.00 1615.00 1720.00 1594.00 1611.50 -0.34% -52.64% -26.90%
USDINR 27-Mar-19 71.1600 71.1400 71.7500 70.9000 71.1300 -0.04%
GBPINR 27-Mar-19 92.6900 92.9400 95.4000 92.7500 94.3000 1.74%
JPYINR 27-Mar-19 64.2200 64.1500 65.0800 63.5500 63.7200 -0.78%
EURINR 27-Mar-19 80.7800 80.6200 81.8200 80.5500 81.0800 0.37%
3 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
International Market Wrap-up
Commodity Exchange
Previous
Close
Open High Low Close % Change in Price
Market Wrap-Up
Aluminium LME 1897.50 1889.25 1912.00 1880.99 1909.75 0.65%
Copper COMEX 2.951 2.951 2.978 2.925 2.926 -0.85%
Crude Oil NYMEX 57.26 57.17 57.88 55.02 55.77 -2.60%
Gold COMEX 1332.80 1331.90 1334.90 1291.30 1294.45 -2.88%
Lead LME 2062.75 2067.00 2178.75 2067.00 2137.50 3.62%
Natural Gas NYMEX 2.717 2.757 2.908 2.732 2.849 4.86%
Nickel LME 12987.50 13045.00 13382.50 12847.50 13172.50 1.42%
Silver COMEX 15.914 15.885 15.960 15.080 15.155 -4.77%
Zinc LME 2712.500 2720.75 2799.50 2694.50 2777.750 2.41%
4 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
Inventory Updates
LME Inventory
Commodity
Closing (As on 1st Mar 19)
In tones
Closing (As on 22nd Feb 19)
in tones
% Change in Price
Continued…….
Aluminium 1219700 1244050 -1.96%
Copper 128475 137700 -6.70%
Lead 77050 77050 0.00%
Nickel 106932 200184 -46.58%
Zinc 65100 88250 -26.23%
5 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
Inventory Updates
6 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
Market Next Week
Currency Weekly Pivots
Currency Pair Contract R3 R2 R1 PP S1 S2 S3
Continued…….
Upcoming Economic Events Calender
Time Currency Event Forecast Previous
Monday, March 4, 2019
15:00 GBP Construction PMI (Feb) 50.3 50.6
Tuesday, March 5, 2019
20:15 USD Markit Composite PMI (Feb) 55.8 55.8
20:30 USD ISM Non-Manufacturing Employment (Feb) 57.8
Wednesday, March 6, 2019
0:30 USD Federal Budget Balance (Jan) -11.0B -14.0B
18:45 USD ADP Nonfarm Employment Change (Feb) 190K 213K
19:00 USD Trade Balance (Dec) -57.30B -49.30B
21:00 USD Crude Oil Inventories 2.842M -8.647M
Thursday, March 7, 2019
14:00 GBP Halifax House Price Index (MoM) (Feb) 0.10% -2.90%
19:00 USD Unit Labor Costs (QoQ) (Q4) 1.60% 1.20%
Friday, March 8, 2019
19:00 USD Average Hourly Earnings (MoM) (Feb) 0.30% 0.10%
19:00 USD Building Permits (MoM) (Jan)
19:00 USD Housing Starts (MoM) (Jan) -11.20%
19:00 USD Nonfarm Payrolls (Feb) 180K 304K
19:00 USD Participation Rate (Feb) 63.20%
19:00 USD Private Nonfarm Payrolls (Feb) 170K 296K
19:00 USD Unemployment Rate (Feb) 3.90% 4.00%
21:10 CNY Trade Balance (USD) (Feb) 25.55B 39.16B
22:30 USD WASDE Report
23:30 USD U.S. Baker Hughes Oil Rig Count
23:30 USD U.S. Baker Hughes Total Rig Count
USDINR 27-Mar-19 75.2000 72.9000 71.5500 70.6067 69.2000 68.3000 66.0000
GBPINR 27-Mar-19 93.9000 91.6500 90.3000 89.3150 87.9500 87.0000 84.7000
JPYINR 27-Mar-19 65.5000 64.3000 63.7500 63.0375 62.4500 61.8000 60.5500
EURINR 27-Mar-19 84.4000 82.4500 81.3500 80.5217 79.3500 78.5500 76.6500
7 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
MCX Weekly Pivots
Commodity Contract R3 R2 R1 PP S1 S2 S3
NCDEX Weekly Pivots
Commodity Contract R3 R2 R1 PP S1 S2 S3
Market Next Week
Aluminium 29-Mar-19 180.30 162.25 155.80 144.20 137.75 126.15 108.10
Copper 30-Apr-19 483.05 473.20 467.90 463.35 458.05 453.50 443.65
Crude Oil 19-Mar-19 4404 4203 4088 4002 3887 3801 3600
Gold 05-Apr-19 34986 33969 33305 32952 32288 31935 30918
Lead 29-Mar-19 166.75 158.75 155.40 150.75 147.40 142.75 134.75
Natural Gas 26-Mar-19 221.35 210.85 206.90 200.35 196.40 189.85 179.35
Nickel 29-Mar-19 1011.65 971.45 953.30 931.25 913.10 891.05 850.85
Silver 05-Mar-19 43368 41172 39737 38976 37541 36780 34584
Zinc 29-Mar-19 217.55 207.35 203.45 197.15 193.25 186.95 176.75
Castor Seed 16-Apr-19 5494 5414 5368 5334 5288 5254 5174
Chana 16-Apr-19 4417 4277 4211 4137 4071 3997 3857
Dhaniya 16-Apr-19 6669 6454 6327 6239 6112 6024 5809
COCUDAKL 16-Apr-19 2131.00 2051.00 2009.00 1971.00 1929.00 1891.00 1811.00
Guargum5 16-Apr-19 8937 8681 8580 8425 8324 8169 7913
Guarseed10 16-Apr-19 4471.85 4347.35 4286.20 4222.85 4161.70 4098.35 3973.85
Jeera 16-Apr-19 16063 15628 15422 15193 14987 14758 14323
RMseed 16-Apr-19 3987 3918 3880 3849 3811 3780 3711
Ref Soya Oil 16-Apr-19 781.55 765.05 757.60 748.55 741.10 732.05 715.55
Soyabean 16-Apr-19 3983 3848 3775 3713 3640 3578 3443
Turmeric 16-Apr-19 6745 6503 6409 6261 6167 6019 5777
Mentha Oil 29-Mar-19 1959.0 1805.0 1707.9 1651.0 1553.9 1497.0 1343.0
8 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
BULLION
Gold prices continued to fall on Monday dropping through the 1,290 level. The dol-
lar continued to gain ground early despite the comment from President Trump that
he does not want to see a stronger greenback. Late in the trading session the dollar
moved lower following soft than expected US economic data. The drop in the dollar
failed to buoy gold prices which closed near the lows of the trading session.
BASE METALS
ENERGY
MCX Fundamentals
Oil prices rose today and extended its gains due to high hopes about a US China
trade deal which in turn boosts global demand for crude as well as increased
compliance by OPEC producers to cut production. The Energy Information Ad-
ministration reported a drop of 237 billion cubic feet last week while analysts ex-
pected a drop of 249 billion.
In China base metals prices on the Shanghai Futures Exchange were for the most
part weaker while prices reacted to the generally softer tone across the LME metals
on Monday and to continued poor economic data. The exception was nickel which
bucked the weaker trend on the LME on Monday and which was the only base
metal on the SHFE to show any gains this morning.
9 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
SPICES
NCDEX Fundamentals
OILSEEDS
GUAR COMPLEX
OTHERS
Soybean futures tilted higher in American trade to December 12 highs as the
dollar index fell off June 2017 highs for the eleventh session out of 17.That
follows earlier data from the US the world's largest soybean producer and
exporter while investors look for the results of the ongoing US China trade
talks in Beijing.
The area under Jeera increased by 19% in Rajasthan to 506,000 hectares from
425,000 hectares last year with improved yield at 494 kg per hectare up from
489 kg last year.For Gujarat the Jeera area saw a marginal dip of 5% at 315,000
hectares as compared to 332,000 hectares last year. Now Turmeric is getting
support at 6678 and below same could see a test of 6612 level, And resistance
is now likely to be seen at 6842, a move above could see prices testing 6940.
Mentha oil prices slipped in the domestic futures market on Friday on lower
demand at the spot market amid adequate arrival from producing regions.
Around 12:10 pm, MCX Mentha oil was at Rs 1,599.90 per kg down by Rs
7.10, or 0.44 per cent. Speculators trimmed positions in Mentha oil futures
triggered by muted demand from consuming industries NSE 1.91 % at the
spot market and adequate stocks on higher supplies from the major produc-
ing regions.
Guar seed prices went down steeply by Rs 13 to Rs 9,033 per quintal in futures
trade Monday amid off-loading of exposure by investors in sync with a weak
trend at the physical markets. At the National Commodity and Derivatives Ex-
change Guar seed for delivery in December moved down by Rs 103 or 1.13 per
cent to Rs 9,033 per quintal, persisting an open interest of 83,080 lots.
10 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
Calls of the Week (MCX)
CRUDEOIL
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Sell
Entry Range Below 3950
Target 3852
SL 4021
Action Sell
Entry Range Below 32165
Target 32002
SL 32241
GOLD
Crude Oil prices continuously trading near the level of 4000 and forming reversal formation on higher level. From last
couple of trading days Crude Oil prices trading in range between the level of 4140 – 3950. On its 4 hourly chart RSI
trading below the level of 50 indicating negative trend in it. For this week if it is break the level of 3950 then it can test
the level of 3852. One can make selling position in it with the SL of 4021.
From last couple of trading days Gold is trading with negative sentiment and recently Gold touched the level of 34000
and getting selling pressure on higher level. Last week Gold made a low of 32600 and closed at 32640 with overall mar-
ginal loss of 2.60% on weekly basis. On its daily chart Gold recently broken its double top formation and sustaining be-
low it indicating negative trend for short term to mid term basis. For this week if it break the level of 32164 then it can
test the level of 32002. One can make selling position with the sl of 32241.
11 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
Calls of the Week (NCDEX)
RMSEED
GUARSEED
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Sell
Entry Range Below 3800
Target 3705
SL 3866
Action Buy
Entry Range Above 4245
Target 4375
SL 4169
The primary trend of RMSEED is negative on chart and from couple of trading weeks RMSEED is trading with the nega-
tive sentiment. Last week RMSEED made a low of 3818 and closed at 3842 with overall marginal gain of 0.3% on
weekly basis. On its daily chart RMSEED recently broken its important support level of 3850 and sustaining below it
indicating negative trend for short term to mid term basis. For this week if it break the level of 3800 then it can test the
level of 3705. One can make selling position with the sl of 3866.
GUARSEED10 prices continuously trading in range between the level of 4300 to 4150 and forming bottom formation in
its daily chart. Last week GUARSEED10 made a high of 4243 and closed at 4225 with overall marginal gain of 0.2% on
weekly basis. On its daily chart GUARSEED10 trading near its resistance trend line we can expect if prices break the
level of 4245 on upper side then it can test the level of 4375 in coming weeks . One can make buy position in it with
the sl of 4169.
12 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
Calls of the Week (FOREX)
WEEKLY STRATEGY
PARTICULAR DETAILS
EURINR
USDINR
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Sell
Entry Range Below 70.8800
Target 70.4125
SL 71.2225
Action Sell
Entry Range Below 80.5000
Target 80.0200
SL 80.9125
From last couple of trading days EURINR is trading with negative sentiment and recently EURINR broken its important
support level of 81.0000 and getting selling pressure on higher level. On its daily chart EURINR forming Head & Shoul-
der pattern on its daily chart and we can expect that market can move down below the level of 80.0000, RSI is negative
on chart and printing below the level of 50. For this week if it break the level of 80.5000 then it can test the level of
80.0200. One can make selling position in it with the sl of 80.9125.
USDINR prices continuously resist by the level of 71.0000 and forming descending triangle formation on its daily chart
indicating negative in it for short term to mid term basis. Also USDINR broken its support trend line and sustaining be-
low it with the negative RSI. For this week if it break the level of 70.8800 then it can test the level of 80.4100. One can
make selling position in it with the sl of 71.2225.
13 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019
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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड का एक बाग) द्वाया तैमाय ककमा गमा है | महां ऩय दी गई जानकायी, ववश्रेषण औय अनुभान Ways2Capital इक्ववटी / कभोडडटी अनुसंधान
के भूलमांकन ऩय आधारयत हैं औय ववश्वसनीम स्रोतों से प्राप्त की गई है | मह दस्तावेज़ के वर 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 informa-
tion,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.
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संफंध भें सूचना, त्रुटटमों मा चूक से ऩैदा हो सकता है| इस दस्तावेज को ककसी बी प्रनतबूनत मा वस्तु को खयीदने के लरए फेचने मा एक आग्रह के लरए प्रस्ताव के रूऩ भें नहीं भाना जा सकता है|
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cept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices.
उऩयोवत सबी सूचना, स्तय औय सुझाव, Ways2Capital के ववशेषऻ के ऩैनर द्वाया ककए गए तकनीकी औय भौलरक अनुसंधान के आधाय ऩय दी गई हैं, रेककन हभ टदए गए सुझावों की त्रुटटमों के लरए कोई दानमत्व स्वीकाय
नहीं कयते हैं | वेफसाइट के भाध्मभ से सकपिं ग कयने वारे रोगों को अऩनी ऩसंद के उत्ऩाद सेवाओं को चुनने 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, कं ऩनी इन सुझावों ऩय ककए गए ककसी बी नुकसान के लरए उत्तयदामी नहीं होगी | मह स्तय बववष्म के कीभतों की गनत का संके त नहीं देते
है| वेफसाइट के भाध्मभ से ककसी बी ब्राउक्ज़ंग का अथा है अस्वीकयण की स्वीकृ नत।
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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी कं ऩननमां अनुसंधान रयऩोटा भें शालभर कं ऩननमों के साथ कायोफाय नहीं कयती हैं औय न ही ककसी बी तयह के उत्ऩादों / प्रनतबूनतमों के
जायीकताा के साथ जुडी हैं, जो मह सुननक्श्चत कयता है कक टहतों के लरए कोई वास्तववक मा संबाववत संघषा नहीं है | ननमाभक ननकाम के अनुऩारन को सुननक्श्चत कयने के लरए हभने मह तम ककमा है कक कं ऩनी
औय उसके कोई बी प्रनतननधध फाज़ाय भें ट्रेड नहीं कयेंगे।
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 के वर याम के रूऩ भें देखें औय ननवेश के लरए स्वमं पै सरा कयें | ग्राहकों को वेफसाइट ऩय प्रकालशत सेवाओं के ननमभों औय शतों को ऩढ़ने औय
सभझने की बी सराह दी जाती है | कं ऩनी के ननगभन के फाद ननमाभक ननकाम द्वायाकं ऩनी के खखराप कोई भुकदभा (माधचका) दामय नहीं ककमा गमा है।
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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कं ऩनी के फाये भें व्मक्वतगत ववचायों को
दशााता है औय कं ऩननमों औय उनकी प्रनतबूनतमां औय ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत 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) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कं ऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत की
प्रकृ नत है|
(b) 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कं ऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदेभंद
स्वालभत्व नहीं 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कं ऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है।
ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने वऩिरे 12 भहीनों भें ववषम कं ऩनी से कोई भुआवजा 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 रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कं ऩनी अफ मा कबी बी ग्राहक नहीं यही 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने ववषम कं ऩनी के अधधकायी, ननदेशक मा कभाचायी के रूऩ भें कबी बी काभ
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Commodity Research Report 06 March 2019 Ways2Capital

  • 1. HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.
  • 2. 2 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 Market Wrap-Up NCDEX Market Wrap-Up Commodity Contract Previous Close Open High Low Close % Change in Price % Change in Open Interest % Change in Volume Currency Market Wrap-Up Currency Pair Contract Previous Close Open High Low Close Change in Price (in%) Continued……. MCX Market Wrap-Up Commodity Contract Previous Close Open High Low Close % Change in Price % Change in Open Inter- est % Change in Volume Aluminium 29-Mar-19 134.40 134.75 150.65 132.60 149.40 11.16% 6.25% -45.10% Copper 30-Apr-19 462.35 462.40 468.65 458.80 462.65 0.06% -11.78% -5.96% Crude Oil 19-Mar-19 4,085 4,073 4,117 3,916 3,973 -2.74% 27.36% -1.14% Gold 05-Apr-19 33517 33511 33617 32600 32640 -2.62% 31.09% -7.12% Lead 29-Mar-19 145.9 146.55 154.10 146.10 152.1 4.25% 41.92% -30.69% Natural Gas 26-Mar-19 192.30 193.80 204.30 193.80 202.90 5.51% 40.84% -29.60% Nickel 29-Mar-19 917.80 922.30 949.40 909.20 935.20 1.90% 20.75% -29.80% Silver 05-Mar-19 40268 40270 40412 38216 38301 -4.88% 25.77% 4.27% Zinc 29-Mar-19 194.50 194.45 201.05 190.85 199.60 2.62% 2.31% 1.21% Castor Seed 19-Mar-19 5252.00 5254.00 5306.00 5220.00 5248.00 -0.08% 63.86% 0.91% Chana 19-Mar-19 4156.00 4154.00 4168.00 4052.00 4116.00 -0.96% -13.06% 0.29% Dhaniya 16-Apr-19 6235.00 6220.00 6365.00 6150.00 6201.00 -0.55% 71.38% -2.88% COCUDAKL 19-Mar-19 1983.50 1979.00 1988.00 1905.00 1937.00 -2.34% 28.04% 0.63% Guargum5 19-Mar-19 8369.00 8365.00 8420.00 8162.00 8375.00 0.07% -24.62% 3.41% Guarseed10 19-Mar-19 4214.50 4207.00 4240.00 4112.50 4175.00 -0.94% 62.23% 1.74% Jeera 19-Mar-19 15410.00 15415.00 15600.00 15140.00 15565.00 1.01% -18.85% 14.62% RMseed 16-Apr-19 3881.00 3876.00 3887.00 3818.00 3842.00 -1.00% 28.62% 9.25% Ref Soya Oil 19-Mar-19 766.95 768.00 769.85 751.20 762.70 -0.55% 8.87% 6.97% Soyabean 19-Mar-19 3730.00 3743.00 3743.00 3607.00 3649.00 -2.17% 92.77% -4.66% Turmeric 16-Apr-19 6200.00 6186.00 6356.00 6114.00 6314.00 1.84% 112.09% -0.45% Mentha Oil 29-Mar-19 1617.00 1615.00 1720.00 1594.00 1611.50 -0.34% -52.64% -26.90% USDINR 27-Mar-19 71.1600 71.1400 71.7500 70.9000 71.1300 -0.04% GBPINR 27-Mar-19 92.6900 92.9400 95.4000 92.7500 94.3000 1.74% JPYINR 27-Mar-19 64.2200 64.1500 65.0800 63.5500 63.7200 -0.78% EURINR 27-Mar-19 80.7800 80.6200 81.8200 80.5500 81.0800 0.37%
  • 3. 3 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 International Market Wrap-up Commodity Exchange Previous Close Open High Low Close % Change in Price Market Wrap-Up Aluminium LME 1897.50 1889.25 1912.00 1880.99 1909.75 0.65% Copper COMEX 2.951 2.951 2.978 2.925 2.926 -0.85% Crude Oil NYMEX 57.26 57.17 57.88 55.02 55.77 -2.60% Gold COMEX 1332.80 1331.90 1334.90 1291.30 1294.45 -2.88% Lead LME 2062.75 2067.00 2178.75 2067.00 2137.50 3.62% Natural Gas NYMEX 2.717 2.757 2.908 2.732 2.849 4.86% Nickel LME 12987.50 13045.00 13382.50 12847.50 13172.50 1.42% Silver COMEX 15.914 15.885 15.960 15.080 15.155 -4.77% Zinc LME 2712.500 2720.75 2799.50 2694.50 2777.750 2.41%
  • 4. 4 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 Inventory Updates LME Inventory Commodity Closing (As on 1st Mar 19) In tones Closing (As on 22nd Feb 19) in tones % Change in Price Continued……. Aluminium 1219700 1244050 -1.96% Copper 128475 137700 -6.70% Lead 77050 77050 0.00% Nickel 106932 200184 -46.58% Zinc 65100 88250 -26.23%
  • 5. 5 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 Inventory Updates
  • 6. 6 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 Market Next Week Currency Weekly Pivots Currency Pair Contract R3 R2 R1 PP S1 S2 S3 Continued……. Upcoming Economic Events Calender Time Currency Event Forecast Previous Monday, March 4, 2019 15:00 GBP Construction PMI (Feb) 50.3 50.6 Tuesday, March 5, 2019 20:15 USD Markit Composite PMI (Feb) 55.8 55.8 20:30 USD ISM Non-Manufacturing Employment (Feb) 57.8 Wednesday, March 6, 2019 0:30 USD Federal Budget Balance (Jan) -11.0B -14.0B 18:45 USD ADP Nonfarm Employment Change (Feb) 190K 213K 19:00 USD Trade Balance (Dec) -57.30B -49.30B 21:00 USD Crude Oil Inventories 2.842M -8.647M Thursday, March 7, 2019 14:00 GBP Halifax House Price Index (MoM) (Feb) 0.10% -2.90% 19:00 USD Unit Labor Costs (QoQ) (Q4) 1.60% 1.20% Friday, March 8, 2019 19:00 USD Average Hourly Earnings (MoM) (Feb) 0.30% 0.10% 19:00 USD Building Permits (MoM) (Jan) 19:00 USD Housing Starts (MoM) (Jan) -11.20% 19:00 USD Nonfarm Payrolls (Feb) 180K 304K 19:00 USD Participation Rate (Feb) 63.20% 19:00 USD Private Nonfarm Payrolls (Feb) 170K 296K 19:00 USD Unemployment Rate (Feb) 3.90% 4.00% 21:10 CNY Trade Balance (USD) (Feb) 25.55B 39.16B 22:30 USD WASDE Report 23:30 USD U.S. Baker Hughes Oil Rig Count 23:30 USD U.S. Baker Hughes Total Rig Count USDINR 27-Mar-19 75.2000 72.9000 71.5500 70.6067 69.2000 68.3000 66.0000 GBPINR 27-Mar-19 93.9000 91.6500 90.3000 89.3150 87.9500 87.0000 84.7000 JPYINR 27-Mar-19 65.5000 64.3000 63.7500 63.0375 62.4500 61.8000 60.5500 EURINR 27-Mar-19 84.4000 82.4500 81.3500 80.5217 79.3500 78.5500 76.6500
  • 7. 7 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 MCX Weekly Pivots Commodity Contract R3 R2 R1 PP S1 S2 S3 NCDEX Weekly Pivots Commodity Contract R3 R2 R1 PP S1 S2 S3 Market Next Week Aluminium 29-Mar-19 180.30 162.25 155.80 144.20 137.75 126.15 108.10 Copper 30-Apr-19 483.05 473.20 467.90 463.35 458.05 453.50 443.65 Crude Oil 19-Mar-19 4404 4203 4088 4002 3887 3801 3600 Gold 05-Apr-19 34986 33969 33305 32952 32288 31935 30918 Lead 29-Mar-19 166.75 158.75 155.40 150.75 147.40 142.75 134.75 Natural Gas 26-Mar-19 221.35 210.85 206.90 200.35 196.40 189.85 179.35 Nickel 29-Mar-19 1011.65 971.45 953.30 931.25 913.10 891.05 850.85 Silver 05-Mar-19 43368 41172 39737 38976 37541 36780 34584 Zinc 29-Mar-19 217.55 207.35 203.45 197.15 193.25 186.95 176.75 Castor Seed 16-Apr-19 5494 5414 5368 5334 5288 5254 5174 Chana 16-Apr-19 4417 4277 4211 4137 4071 3997 3857 Dhaniya 16-Apr-19 6669 6454 6327 6239 6112 6024 5809 COCUDAKL 16-Apr-19 2131.00 2051.00 2009.00 1971.00 1929.00 1891.00 1811.00 Guargum5 16-Apr-19 8937 8681 8580 8425 8324 8169 7913 Guarseed10 16-Apr-19 4471.85 4347.35 4286.20 4222.85 4161.70 4098.35 3973.85 Jeera 16-Apr-19 16063 15628 15422 15193 14987 14758 14323 RMseed 16-Apr-19 3987 3918 3880 3849 3811 3780 3711 Ref Soya Oil 16-Apr-19 781.55 765.05 757.60 748.55 741.10 732.05 715.55 Soyabean 16-Apr-19 3983 3848 3775 3713 3640 3578 3443 Turmeric 16-Apr-19 6745 6503 6409 6261 6167 6019 5777 Mentha Oil 29-Mar-19 1959.0 1805.0 1707.9 1651.0 1553.9 1497.0 1343.0
  • 8. 8 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 BULLION Gold prices continued to fall on Monday dropping through the 1,290 level. The dol- lar continued to gain ground early despite the comment from President Trump that he does not want to see a stronger greenback. Late in the trading session the dollar moved lower following soft than expected US economic data. The drop in the dollar failed to buoy gold prices which closed near the lows of the trading session. BASE METALS ENERGY MCX Fundamentals Oil prices rose today and extended its gains due to high hopes about a US China trade deal which in turn boosts global demand for crude as well as increased compliance by OPEC producers to cut production. The Energy Information Ad- ministration reported a drop of 237 billion cubic feet last week while analysts ex- pected a drop of 249 billion. In China base metals prices on the Shanghai Futures Exchange were for the most part weaker while prices reacted to the generally softer tone across the LME metals on Monday and to continued poor economic data. The exception was nickel which bucked the weaker trend on the LME on Monday and which was the only base metal on the SHFE to show any gains this morning.
  • 9. 9 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 SPICES NCDEX Fundamentals OILSEEDS GUAR COMPLEX OTHERS Soybean futures tilted higher in American trade to December 12 highs as the dollar index fell off June 2017 highs for the eleventh session out of 17.That follows earlier data from the US the world's largest soybean producer and exporter while investors look for the results of the ongoing US China trade talks in Beijing. The area under Jeera increased by 19% in Rajasthan to 506,000 hectares from 425,000 hectares last year with improved yield at 494 kg per hectare up from 489 kg last year.For Gujarat the Jeera area saw a marginal dip of 5% at 315,000 hectares as compared to 332,000 hectares last year. Now Turmeric is getting support at 6678 and below same could see a test of 6612 level, And resistance is now likely to be seen at 6842, a move above could see prices testing 6940. Mentha oil prices slipped in the domestic futures market on Friday on lower demand at the spot market amid adequate arrival from producing regions. Around 12:10 pm, MCX Mentha oil was at Rs 1,599.90 per kg down by Rs 7.10, or 0.44 per cent. Speculators trimmed positions in Mentha oil futures triggered by muted demand from consuming industries NSE 1.91 % at the spot market and adequate stocks on higher supplies from the major produc- ing regions. Guar seed prices went down steeply by Rs 13 to Rs 9,033 per quintal in futures trade Monday amid off-loading of exposure by investors in sync with a weak trend at the physical markets. At the National Commodity and Derivatives Ex- change Guar seed for delivery in December moved down by Rs 103 or 1.13 per cent to Rs 9,033 per quintal, persisting an open interest of 83,080 lots.
  • 10. 10 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 Calls of the Week (MCX) CRUDEOIL WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY STRATEGY PARTICULAR DETAILS Action Sell Entry Range Below 3950 Target 3852 SL 4021 Action Sell Entry Range Below 32165 Target 32002 SL 32241 GOLD Crude Oil prices continuously trading near the level of 4000 and forming reversal formation on higher level. From last couple of trading days Crude Oil prices trading in range between the level of 4140 – 3950. On its 4 hourly chart RSI trading below the level of 50 indicating negative trend in it. For this week if it is break the level of 3950 then it can test the level of 3852. One can make selling position in it with the SL of 4021. From last couple of trading days Gold is trading with negative sentiment and recently Gold touched the level of 34000 and getting selling pressure on higher level. Last week Gold made a low of 32600 and closed at 32640 with overall mar- ginal loss of 2.60% on weekly basis. On its daily chart Gold recently broken its double top formation and sustaining be- low it indicating negative trend for short term to mid term basis. For this week if it break the level of 32164 then it can test the level of 32002. One can make selling position with the sl of 32241.
  • 11. 11 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 Calls of the Week (NCDEX) RMSEED GUARSEED WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY STRATEGY PARTICULAR DETAILS Action Sell Entry Range Below 3800 Target 3705 SL 3866 Action Buy Entry Range Above 4245 Target 4375 SL 4169 The primary trend of RMSEED is negative on chart and from couple of trading weeks RMSEED is trading with the nega- tive sentiment. Last week RMSEED made a low of 3818 and closed at 3842 with overall marginal gain of 0.3% on weekly basis. On its daily chart RMSEED recently broken its important support level of 3850 and sustaining below it indicating negative trend for short term to mid term basis. For this week if it break the level of 3800 then it can test the level of 3705. One can make selling position with the sl of 3866. GUARSEED10 prices continuously trading in range between the level of 4300 to 4150 and forming bottom formation in its daily chart. Last week GUARSEED10 made a high of 4243 and closed at 4225 with overall marginal gain of 0.2% on weekly basis. On its daily chart GUARSEED10 trading near its resistance trend line we can expect if prices break the level of 4245 on upper side then it can test the level of 4375 in coming weeks . One can make buy position in it with the sl of 4169.
  • 12. 12 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 Calls of the Week (FOREX) WEEKLY STRATEGY PARTICULAR DETAILS EURINR USDINR WEEKLY STRATEGY PARTICULAR DETAILS Action Sell Entry Range Below 70.8800 Target 70.4125 SL 71.2225 Action Sell Entry Range Below 80.5000 Target 80.0200 SL 80.9125 From last couple of trading days EURINR is trading with negative sentiment and recently EURINR broken its important support level of 81.0000 and getting selling pressure on higher level. On its daily chart EURINR forming Head & Shoul- der pattern on its daily chart and we can expect that market can move down below the level of 80.0000, RSI is negative on chart and printing below the level of 50. For this week if it break the level of 80.5000 then it can test the level of 80.0200. One can make selling position in it with the sl of 80.9125. USDINR prices continuously resist by the level of 71.0000 and forming descending triangle formation on its daily chart indicating negative in it for short term to mid term basis. Also USDINR broken its support trend line and sustaining be- low it with the negative RSI. For this week if it break the level of 70.8800 then it can test the level of 80.4100. One can make selling position in it with the sl of 71.2225.
  • 13. 13 Copyright © 2018 Ways2Capital. All rights reserved 06/03/2019 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड का एक बाग) द्वाया तैमाय ककमा गमा है | महां ऩय दी गई जानकायी, ववश्रेषण औय अनुभान Ways2Capital इक्ववटी / कभोडडटी अनुसंधान के भूलमांकन ऩय आधारयत हैं औय ववश्वसनीम स्रोतों से प्राप्त की गई है | मह दस्तावेज़ के वर 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. 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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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी कं ऩननमां अनुसंधान रयऩोटा भें शालभर कं ऩननमों के साथ कायोफाय नहीं कयती हैं औय न ही ककसी बी तयह के उत्ऩादों / प्रनतबूनतमों के जायीकताा के साथ जुडी हैं, जो मह सुननक्श्चत कयता है कक टहतों के लरए कोई वास्तववक मा संबाववत संघषा नहीं है | ननमाभक ननकाम के अनुऩारन को सुननक्श्चत कयने के लरए हभने मह तम ककमा है कक कं ऩनी औय उसके कोई बी प्रनतननधध फाज़ाय भें ट्रेड नहीं कयेंगे। 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 के वर याम के रूऩ भें देखें औय ननवेश के लरए स्वमं पै सरा कयें | ग्राहकों को वेफसाइट ऩय प्रकालशत सेवाओं के ननमभों औय शतों को ऩढ़ने औय सभझने की बी सराह दी जाती है | कं ऩनी के ननगभन के फाद ननमाभक ननकाम द्वायाकं ऩनी के खखराप कोई भुकदभा (माधचका) दामय नहीं ककमा गमा है। 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कं ऩनी के फाये भें व्मक्वतगत ववचायों को दशााता है औय कं ऩननमों औय उनकी प्रनतबूनतमां औय ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत 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) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कं ऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत की प्रकृ नत है| (b) 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कं ऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदेभंद स्वालभत्व नहीं 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कं ऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है। ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने वऩिरे 12 भहीनों भें ववषम कं ऩनी से कोई भुआवजा 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 रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कं ऩनी अफ मा कबी बी ग्राहक नहीं यही 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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने ववषम कं ऩनी के अधधकायी, ननदेशक मा कभाचायी के रूऩ भें कबी बी काभ Disclaimer