Gold prices traded on flat note on Thursday after rising to a two week high in the previous session as the dollar slipped with uncertainty on the pace of interest rate hikes by the U.S. Federal Reserve also supporting the metal. Spot gold traded at

1. HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

2. 2 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
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 30-Nov-18 139.30 139.65 140.00 135.80 136.65 -1.90% -51.46% 3.06%
Copper 30-Nov-18 442.90 441.50 448.70 428.75 429.85 -2.95% -46.31% 11.43%
Crude Oil 18-Dec-18 4,109 4,120 4,153 3,574 3,623 -11.83% -21.90% 11.51%
Gold 05-Dec-18 31007 31010 31040 30412 30495 -1.65% -59.12% -6.78%
Lead 30-Nov-18 143.7 143.00 144.50 136.00 137.1 -4.59% -63.18% 20.63%
Natural Gas 26-Dec-18 298.90 310.80 345.50 294.40 314.90 5.35% -50.96% -13.06%
Nickel 30-Nov-18 816.70 809.50 809.50 752.20 764.40 -6.40% -22.64% 10.82%
Silver 05-Dec-18 36991 37006 37090 35776 36061 -2.51% 15.41% 5.00%
Zinc 30-Nov-18 192.20 191.70 193.55 180.50 181.95 -5.33% -35.45% 3.07%
Castor Seed 20-Dec-18 5970.00 5850.00 5914.00 5504.00 5642.00 -5.49% -45.87% 4.95%
Chana 20-Dec-18 4493.00 4504.00 4791.00 4436.00 4619.00 2.80% 61.49% -11.64%
Dhaniya 20-Dec-18 6458.00 6450.00 6664.00 6239.00 6239.00 -3.39% 59.07% 5.90%
COCUDAKL 20-Dec-18 2006.00 2007.00 2023.00 1911.00 1954.50 -2.57% -40.02% -14.06%
Guargum5 20-Dec-18 9660.00 9690.00 9722.00 8855.00 9136.00 -5.42% 4.94% -1.56%
Guarseed10 20-Dec-18 4648.50 4655.00 4684.50 4381.00 4461.00 -4.03% -28.45% -2.69%
Jeera 20-Dec-18 19645.00 19600.00 20090.00 19260.00 19405.00 -1.22% -24.45% -9.47%
RMseed 20-Dec-18 4139.00 4130.00 4142.00 4053.00 4095.00 -1.06% -18.18% -6.27%
Ref Soya Oil 20-Dec-18 732.70 735.90 737.85 720.10 733.15 0.06% -35.84% -11.89%
Soyabean 20-Dec-18 3389.00 3400.00 3441.00 3395.00 3423.00 1.00% -43.11% -4.07%
Turmeric 20-Dec-18 6518.00 6510.00 6546.00 6388.00 6482.00 -0.55% -16.76% -4.83%
Mentha Oil 30-Nov-18 1796.40 1770.00 1771.50 1589.50 1641.90 -8.60% 66.50% -16.42%
USDINR 27-Dec-18 72.2200 72.2975 72.3625 70.9125 71.0375 -1.64%
GBPINR 27-Dec-18 92.7125 92.8700 93.0400 90.9875 91.4125 -1.40%
JPYINR 27-Dec-18 63.9925 64.2675 64.4025 62.9725 63.0900 -1.41%
EURINR 27-Dec-18 82.0525 82.4475 82.8075 81.1050 81.3200 -0.89%

3. 3 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
International Market Wrap-up
Commodity Exchange
Previous
Close
Open High Low Close % Change in Price
Market Wrap-Up
Aluminium LME 1946.70 1943.75 1962.50 1929.50 1942.25 -0.23%
Copper COMEX 2.791 2.786 2.846 2.742 2.752 -1.40%
Crude Oil NYMEX 56.83 57.00 57.58 50.16 50.42 -11.28%
Gold COMEX 1222.00 1222.10 1230.80 1218.40 1223.40 0.11%
Lead LME 2002.00 2002.00 2021.50 1946.75 1962.25 -1.99%
Natural Gas NYMEX 4.377 4.616 4.851 4.119 4.309 -1.55%
Nickel LME 11395.00 11397.50 11410.00 10737.50 10872.50 -4.59%
Silver COMEX 14.390 14.400 14.540 14.165 14.260 -0.90%
Zinc LME 2626.000 2607.00 2647.50 2490.50 2508.250 -4.48%

4. 4 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
Inventory Updates
LME Inventory
Commodity
Closing (As on 23rd Nov 18)
In tones
Closing (As on 16th Nov 18)
in tones
% Change in Price
Continued…….
Aluminium 1070400 1058125 1.16%
Copper 143325 166450 -13.89%
Lead 108775 110900 -1.92%
Nickel 214962 216174 -0.56%
Zinc 123500 125400 -1.52%

5. 5 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
Inventory Updates

6. 6 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
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
USDINR 27-Dec-18 71.9500 72.9000 72.0000 71.4500 70.5500 70.0000 68.5500
GBPINR 27-Dec-18 92.4500 93.8500 92.6000 91.8000 90.5500 89.7500 87.7000
JPYINR 27-Dec-18 63.9000 64.9500 64.0500 63.5000 62.6000 62.0500 60.6500
EURINR 27-Dec-18 82.0500 83.4500 82.4000 81.7500 80.7000 80.0500 78.3500
Monday, November 26, 2018
15:00 GBP Gross Mortgage Approvals 38.5K
Tuesday, November 27, 2018
0:00 GBP BoE Gov Carney Speaks
2:00 GBP CFTC GBP speculative net positions -47.1K
2:00 USD CFTC S&P 500 speculative net positions 201.4K
Tentative USD OPEC Meeting
19:30 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Sep) 5.30% 5.50%
20:30 USD CB Consumer Confidence (Nov) 135.5 137.9
Wednesday, November 28, 2018
Tentative GBP BoE Financial Stability Report
19:00 USD GDP (QoQ) (Q3) 3.50% 3.50%
19:00 USD GDP Price Index (QoQ) (Q3) 1.40% 1.40%
19:00 USD Goods Trade Balance (Oct) -77.00B -76.25B
20:30 USD New Home Sales (Oct) 578K 553K
21:00 USD Crude Oil Inventories 4.851M
Thursday, November 29, 2018
19:00 USD Core PCE Price Index (MoM) (Oct) 0.20% 0.20%
19:00 USD Initial Jobless Claims 219K 224K
19:00 USD PCE Deflator (MoM) 0.20% 0.10%
19:00 USD Personal Spending (MoM) (Oct) 0.40% 0.40%
20:30 USD Pending Home Sales (MoM) (Oct) 0.50% 0.50%
Friday, November 30, 2018
0:30 USD FOMC Meeting Minutes
6:30 CNY Manufacturing PMI (Nov) 50.6 50.2
6:30 CNY Non-Manufacturing PMI (Nov) 53.9
12:30 GBP Nationwide HPI (MoM) (Nov) 0.10% 0.00%
12:30 GBP Nationwide HPI (YoY) (Nov) 1.60% 1.60%

7. 7 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
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 30-Nov-18 138.85 141.70 139.20 137.50 135.00 133.30 129.10
Copper 30-Nov-18 435.55 455.70 442.75 435.75 422.80 415.80 395.85
Crude Oil 18-Dec-18 3960 4362 3993 3783 3414 3204 2625
Gold 05-Dec-18 30856 31277 30886 30649 30258 30021 29393
Lead 30-Nov-18 140.90 147.70 142.40 139.20 133.90 130.70 122.20
Natural Gas 26-Dec-18 307.40 369.35 342.10 318.25 291.00 267.15 216.05
Nickel 30-Nov-18 798.50 832.65 798.50 775.35 741.20 718.05 660.75
Silver 05-Dec-18 36758 37623 36842 36309 35528 34995 33681
Zinc 30-Nov-18 188.35 198.40 190.20 185.35 177.15 172.30 159.25
Castor Seed 20-Dec-18 6507 6097 5869 5687 5459 5277 4867
Chana 20-Dec-18 5325 4970 4795 4615 4440 4260 3905
Dhaniya 20-Dec-18 7231 6806 6522 6381 6097 5956 5531
COCUDAKL 20-Dec-18 2186.85 2074.85 2014.70 1962.85 1902.70 1850.85 1738.85
Guargum5 20-Dec-18 10972 10105 9620 9238 8753 8371 7504
Guarseed10 20-Dec-18 5115.85 4812.35 4636.70 4508.85 4333.20 4205.35 3901.85
Jeera 20-Dec-18 21245 20415 19910 19585 19080 18755 17925
RMseed 20-Dec-18 4275 4186 4140 4097 4051 4008 3919
Ref Soya Oil 20-Dec-18 765.85 748.10 740.60 730.35 722.85 712.60 694.85
Soyabean 20-Dec-18 3512 3466 3444 3420 3398 3374 3328
Turmeric 20-Dec-18 6788 6630 6556 6472 6398 6314 6156
Mentha Oil 30-Nov-18 2031.7 1849.7 1745.8 1667.7 1563.8 1485.7 1303.7

8. 8 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
BULLION
Gold prices traded on flat note on Thursday after rising to a two week high in the
previous session as the dollar slipped with uncertainty on the pace of interest rate
hikes by the U.S. Federal Reserve also supporting the metal. Spot gold traded at
$1,226.61 per ounce at the time of writing having hit its highest since Nov. 7 at
$1,230.07 in light trading ahead of the Thanksgiving holiday.The dollar has been
under pressure this week as cautious comments by Fed officials about a potential
global slowdown raised doubts on the pace of rate hikes.
BASE METALS
ENERGY
MCX Fundamentals
Oil prices dipped on Thursday after U.S. crude inventories increased to their high-
est level since December 2017 amid concerns of an emerging global glut although
an expected supply cut by producer cartel OPEC prevented further drops.U.S.
West Texas Intermediate (WTI) crude futures were at $53.38 per barrel at the
time of writing 25 cents or 0.5 percent below their last settlement.The Energy
Information Administration reported a deficit of 134 billion cubic feet in US natu-
ral gas inventories in the week ending November 16 compared to a build of 39
billion in the previous reading while analysts expected a draw down of 105 billion.
Copper prices slid and other base metals traded in narrow ranges on Thursday with
festering Sino U.S. trade tensions stoking worries over the outlook for global eco-
nomic growth. Trade conflict and higher interest rates are slowing the international
economy though there are no signs of a sharp downturn for now said the Organisa-
tion for Economic Cooperation and Development.

9. 9 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
SPICES
NCDEX Fundamentals
OILSEEDS
GUAR COMPLEX
OTHERS
Strength in other essential oil complex generative buying interest in the de-
rivative market. Selling intentions amongst stockists are currently subdued
and at prevailing lower rates mandi sellers are avoiding negotiations for fresh
deals. Up trend was limited in soy bean even as moderate recovery was
noted after morning dip. Reports of Govt initiating steps to purchase Oilseeds
at MSP likely to support prices for the Oil complex sector however.
Market sentiments remained weak for Jeer as good sowing reports kept up
trend limited. However a rise in demand and falling arrivals at these lower lev-
els could support the falling rates for Jeer even as favourable cooler weather in
Gujarat and Rajasthan amidst reports of improved sowing kept pressure on
prices. Turmeric found immediate support at these lower levels even as lack of
strong demand limited the up trend amidst higher stocks in mandis. Good sow-
ing reports had kept sentiments negative. Traders though anticipate that with
prices at very low levels further fall may be limited.
After consecutive lower circuits Mentha started recovering as demand
started rising at these lower levels. Overall sentiments are likely to recover
during the winter season as market sources indicate the recent dips in prices
to be good Buying opportunities. Lack of selling offers and strength in cpo
markets helped soya oil to recover previous losses. Positive tone in soy bean
added to the tone. Despite the current weakness it has been noted during
previous weeks the buying interest in spot market improves significantly
whenever prices decline for two or more consecutive days.
Trend weakened further for Guar as higher arrivals amidst lack of strong de-
mand in mandis kept pressure on prices. New crop arrival pressure continued
to weigh on market sentiments. Traders anticipate the demand to grow in
coming days on the export front. Prospects of lower production from less rains
received in Rajasthan supported prices.

10. 10 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
Last week Zinc made a low of 180.50 and closed at the level of 181.95 with overall marginal loss of 5.33% on weekly
basis. Zinc is continuously trading below the major resistance level of 200 and we can expect that market can go down
to the level of 170. Recently Zinc broken its support level and sustaining below it indicating negative trend in it. For this
week if it is break the level of 180.50 on lower side then it can test the level of 174.50. One can make sell position in it
with SL of 182.50.
Calls of the Week (MCX)
ZINC
WEEKLY STRATEGY
PARTICULAR DETAILS
From last couple of trading days Silver is trading in negative sentiment and forming bearish flag pattern on lower side.
Last week Silver made a low of 35776 and closed at 36061 with overall marginal loss of 2.51% on weekly basis. On its
daily chart Silver has formed bearish flag pattern indicating negative trend in it for next week. For this week, if it breaks
the level of 36300 on the lower side then it can test the level of 35300 during the week. One can make sell position in it
by maintaining a SL at 36552.
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Sell
Entry Range Below 180.50
Target 174.50
SL 182.10
Action Buy
Entry Range Above 36300
Target 35300
SL 36552
SILVER

11. 11 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
From last couple of trading days Dhaniya trading with negative sentiment and unable to sustain above the major resis-
tance level of 6500. Last week Dhaniya made a low of 6239 and closed at the level of 6239 with overall marginal loss of
3.39% on weekly basis. Technically Dhaniya recently broken its head & shoulder pattern and sustaining below it indi-
cating correction movement in it . For this week if it is break the level of 6170 on lower side then it can test the level of
6030. One can make sell position in it with SL of 6225.
Calls of the Week (NCDEX)
CHANA
DHANIYA
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY STRATEGY
PARTICULAR DETAILS
From last couple of trading days Chana is trading with sideways trading range and consolidating on higher level. Last
week Chana made a high of 4791 and closed at the level of 4691 with overall marginal gain of 2.80% on weekly basis.
Technically Chana is trading above its resistance level of 4700 and we are expecting that market can continue its main
trend for this week also. For this week if it is break the level of 4760 on upper side then it can test the level of 4890.
One can make buy position in it with SL of 4698.
Action Buy
Entry Range Above 4760
Target 4890
SL 4698
Action Sell
Entry Range Below 6170
Target 6030
SL 6225

12. 12 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
Calls of the Week (FOREX)
WEEKLY STRATEGY
PARTICULAR DETAILS
JPYINR
USDINR
WEEKLY STRATEGY
PARTICULAR DETAILS
Last week USDINR Nov Futures started the week on negative note and made a low of 70.9125 and it closed at
71.037500 with the overall loss of 1.64 per cent on weekly basis. Technically it consolidating near support level of
70.0000 breakout with negative RSI and for this week, we can expect profit booking in it from the higher levels. For this
week, if it breaks the level of 70.5400 on the downside, then it can test the level of 70.0525 during the week. One can
make sell position in it by maintaining a SL 70.8025.
Action Sell
Entry Range Below 70.5400
Target 70.0525
SL 70.8025
Last week JPYINR Nov Futures started the week on negative note and continue the same for whole week, market
closed below its support level of 64.0000 and it closed at 63.0900 with the overall loss of 1.14 per cent on weekly basis.
Technically it consolidating below the major psychological support level of 65.0000 with the negative RSI and for this
week, we can expect further downside movement in it. For this week, if it breaks the level of 62.4600 on the lower,
then it can test the level of 62.0125 during the week. One can make sell position in it by maintaining a SL 62.7025.
Action Sell
Entry Range Below 62.4600
Target 62.0125
SL 62.7025

13. 13 Copyright © 2018 Ways2Capital. All rights reserved 27/11/2018
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 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.
मह दस्तावेज़, सवोत्तभ रूऩ से, Ways2Capital इक्ववटी / कभोडडटीज अनुसंधान का प्रनतननधधत्व कयता है औय साभान्म जानकायी के लरए ही है | Ways2Capital इक्ववटी / कभोडडटीज अनुसंधान, इसके ननदेशकों,
अधधकायी मा कभाचायी ककसी बी तयह से संफंधधत साभग्री के लरए क्जम्भेदाय नहीं है।| Ways2Capital इक्ववटी / कभोडडटीज अनुसंधान ककसी बी औय सबी उत्तयदानमत्वों को स्ऩष्ट रूऩ से अस्वीकाय कयता है जो इस
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|
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 ac-
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
Disclaimer