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2. 2 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING AS ON
14th SEPT 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
USDINR 71.9500 71.8575 0.13%
GBPINR 94.4475 93.4700 1.05%
EURINR 84.2425 83.5800 0.79%
JPYINR 64.3700 64.8575 -0.75%
EURUSD 1.1679 1.1594 0.73%
GBPUSD 1.3104 1.2967 1.06%
Dollar Index 94.97 95.33 -0.38%
Gold COMEX 1198.30 1193.60 0.39%
Gold MCX 30436 30494 -0.19%
Crude Oil NYMEX 69.00 67.75 1.85%
Crude Oil MCX 4950 4883 1.37%
Brent Oil NYMEX 78.11 76.83 1.67%
Copper MCX 423.95 422.60 0.32%
Natural Gas NYMEX 2.766 2.776 -0.36%
Nifty 11515.20 -21.70 -0.19%
Nifty 100 11791.70 -23.70 -0.20%
Nifty 200 6123.80 -8.50 -0.14%
Nifty 500 9792.75 -22.70 -0.23%
Nifty VIX 13.84 0.12 0.87%
Nifty Bank 27163.85 -304.85 -1.11%
Nifty Auto 10826.70 28.15 0.26%
Nifty Finance 11414.70 -87.10 -0.76%
Nifty FMCG 30987.60 -169.65 -0.54%
Nifty IT 16072.50 -9.15 -0.06%
Nifty Media 2710.20 14.40 0.53%
Nifty Metal 3713.70 81.50 2.24%
Nifty Pharma 10652.85 69.70 0.66%
Nifty PSU Banks 3096.20 -66.50 -2.10%
Nifty PVT Bank 15448.25 -170.05 -1.08%
Nifty Realty 266.15 -0.30 -0.11%
3. 3 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
Lupin 966.40 5.12% 1090.00
UPL Ltd. 734.85 4.28% 848.70
Hindalco 245.50 4.25% 283.95
NTPC Ltd. 175.00 3.80% 187.95
Bajaj Auto 2878.15 3.41% 3472.60
Yes Bank 323.10 -4.69% 285.10
Titan 842.20 -2.80% 563.60
SBIN 290.40 -2.11% 232.00
Coal India 277.30 -2.08% 248.20
Kotak Bank 1238.85 -1.71% 968.25
4. 4 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Wednesday, September 19, 2018
14:00 GBP CPI (YoY) (Aug) 2.40% 2.50%
18:00 USD Building Permits (Aug) 1.310M 1.303M
20:00 USD Crude Oil Inventories -0.805M -5.296M
Thursday, September 20, 2018
All Day INR India - Moharram Holiday
14:00 GBP Retail Sales (MoM) (Aug) -0.20% 0.70%
18:00 USD Philadelphia Fed Manufacturing Index (Sep) 16.5 11.9
18:00 USD Building Permits (MoM) (Aug) - 1.50%
18:00 USD Current Account (Q2) -103.5B -124.1B
18:00 USD Housing Starts (MoM) (Aug) - 0.90%
18:00 USD Housing Starts (Aug) 1.230M 1.168M
19:30 USD Existing Home Sales (Aug) 5.36M 5.34M
Friday, September 21, 2018
19:15 USD Manufacturing PMI (Sep) 55 54.7
19:15 USD Markit Composite PMI - 54.7
19:15 USD Services PMI (Sep) 55 54.8
5. 5 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
Continued .......
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 445.55 422.65 399.75 390.70 376.85 367.80 353.95 331.05 308.15
ASIANPAINT 1485.85 1429.30 1372.75 1352.40 1316.18 1295.80 1259.60 1203.05 1146.50
AXISBANK 791.80 743.95 696.10 666.40 648.23 618.50 600.35 552.50 504.65
BAJAJ-AUTO 3291.00 3153.50 3016.00 2945.50 2878.48 2807.95 2740.95 2603.45 2465.95
BAJAJFINSV 8249.70 7702.70 7155.70 6965.35 6608.67 6418.30 6061.65 5514.65 4967.65
BAJFINANCE 3309.75 3087.85 2865.95 2772.00 2644.03 2550.05 2422.10 2200.20 1978.30
BHARTIARTL 461.95 436.25 410.55 397.90 384.85 372.20 359.15 333.45 307.75
BPCL 443.95 411.15 378.35 366.80 345.52 333.95 312.70 279.90 247.10
CIPLA 766.00 731.25 696.50 680.25 661.75 645.50 627.00 592.25 557.50
COALINDIA 317.15 304.95 292.75 285.25 280.52 273.00 268.30 256.10 243.90
DRREDDY 3093.05 2920.85 2748.65 2665.25 2576.42 2493.00 2404.20 2232.00 2059.80
EICHERMOT 33337.85 31863.55 30389.25 29879.15 28914.92 28404.80 27440.60 25966.30 24492.00
GAIL 415.55 401.40 387.25 378.40 373.10 364.25 358.95 344.80 330.65
GRASIM 1259.40 1186.65 1113.90 1088.45 1041.12 1015.65 968.35 895.60 822.85
HCLTECH 1179.60 1145.80 1112.00 1091.15 1078.17 1057.30 1044.35 1010.55 976.75
HDFC 2119.05 2046.65 1974.25 1947.15 1901.83 1874.70 1829.40 1757.00 1684.60
6. 6 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
HDFCBANK 2220.45 2155.00 2089.55 2058.65 2024.10 1993.20 1958.65 1893.20 1827.75
HEROMOTOCO 3892.45 3665.35 3438.25 3314.50 3211.12 3087.35 2984.00 2756.90 2529.80
HINDALCO 305.05 283.60 262.15 253.75 240.67 232.25 219.20 197.75 176.30
HINDPETRO 310.10 289.15 268.20 261.05 247.23 240.05 226.25 205.30 184.35
HINDUNILVR 1837.35 1764.40 1691.45 1660.95 1618.50 1588.00 1545.55 1472.60 1399.65
IBULHSGFIN 1532.20 1419.45 1306.70 1265.85 1193.92 1153.05 1081.15 968.40 855.65
ICICIBANK 382.65 364.45 346.25 337.60 328.03 319.35 309.80 291.60 273.40
INDUSINDBK 2080.10 2003.10 1926.10 1893.35 1849.07 1816.30 1772.05 1695.05 1618.05
INFRATEL 319.75 304.05 288.35 281.95 272.62 266.20 256.90 241.20 225.50
INFY 790.90 772.95 755.00 745.00 737.02 727.00 719.05 701.10 683.15
IOC 183.70 173.25 162.80 159.15 152.35 148.70 141.90 131.45 121.00
ITC 350.45 335.10 319.75 313.35 304.37 297.95 289.00 273.65 258.30
KOTAKBANK 1361.65 1317.00 1272.35 1255.40 1227.68 1210.70 1183.00 1138.35 1093.70
LT 1488.30 1441.60 1394.90 1375.90 1348.18 1329.15 1301.45 1254.75 1208.05
LUPIN 1150.05 1085.95 1021.85 993.45 957.72 929.30 893.60 829.50 765.40
M&M 1137.65 1073.90 1010.15 980.35 946.37 916.55 882.60 818.85 755.10
7. 7 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Weekly Pivots
MARUTI 9630.75 9281.75 8932.75 8766.45 8583.72 8417.40 8234.70 7885.70 7536.70
NTPC 197.05 188.80 180.55 177.75 172.30 169.50 164.05 155.80 147.55
ONGC 192.15 185.05 177.95 175.50 170.83 168.35 163.70 156.60 149.50
POWERGRID 243.30 227.55 211.80 205.90 196.05 190.15 180.30 164.55 148.80
RELIANCE 1397.25 1349.10 1300.95 1276.75 1252.80 1228.60 1204.65 1156.50 1108.35
SBIN 327.75 314.50 301.25 295.95 287.97 282.65 274.70 261.45 248.20
SUNPHARMA 803.95 753.15 702.35 682.95 651.52 632.10 600.70 549.90 499.10
TATAMOTORS 338.45 315.30 292.15 279.15 268.98 255.95 245.80 222.65 199.50
TATASTEEL 733.05 691.15 649.25 631.60 607.35 589.70 565.45 523.55 481.65
TCS 2285.25 2210.00 2134.75 2100.85 2059.50 2025.60 1984.25 1909.00 1833.75
TECHM 917.55 862.50 807.45 783.25 752.38 728.15 697.30 642.25 587.20
TITAN 1067.20 989.35 911.50 877.10 833.62 799.20 755.75 677.90 600.05
ULTRACEMCO 4777.35 4573.35 4369.35 4274.70 4165.33 4070.65 3961.30 3757.30 3553.30
UPL 895.40 836.60 777.80 757.90 719.00 699.10 660.20 601.40 542.60
VEDL 285.20 266.75 248.30 241.65 229.82 223.15 211.35 192.90 174.45
WIPRO 359.30 349.45 339.60 336.30 329.72 326.40 319.85 310.00 300.15
YESBANK 375.55 357.25 338.95 330.70 320.63 312.35 302.30 284.00 265.70
ZEEL 543.40 518.50 493.60 482.30 468.70 457.40 443.80 418.90 394.00
8. 8 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
NIFTY OPTIONS OPEN INTEREST ANALYSISLONG BUILD-UP
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
SHORT COVERING
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
SHORT BUILD-UP
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
LONG UNWINDING
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
Analysis : As per the analysis of above chart.
Major Resistance Level: 11800
Major Support Levels: 11400
Open Interest & Price Analysis
BALRAMCHIN 70.75% 14.19%
MFSL 23.51% 3.14%
ENGINERSIN 13.20% 5.65%
PVR 11.09% 1.32%
- - -
ANDHRABANK -12.43% 2.40%
HEXAWARE -11.47% 5.98%
- - -
- - -
- - -
GODREJCP 62.58% -35.87%
ADANIENT 59.16% -4.42%
MANAPPURAM 25.91% -8.28%
MRPL 23.18% -5.04%
JUBLFOOD 18.05% -5.29%
NIITTECH -18.55% -1.89%
KSCL -14.92% -1.47%
MINDTREE -10.80% -1.34%
- - -
- - -
9. 9 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
After two continues worst day in Indian market, Last couple of good sessions inspired a nice recovery to recoup early loss. But
Nifty drops lower for second consecutive week in Fears of US-China trade war continue to weigh on markets. Rupee marks
fresh record lows, hit by weak EM currencies, oil price hikes , India’s July industrial production growth drops to 6.6% (6.9% in
June). Friday's session was somewhat encouraging for market as rupee surged by another 34 paisa to close at a one-week high
of 71.84 against the US dollar on positive macro data and hopes of policy intervention by the government to defend the volatile
currency. A combination of positive macro-related developments after the country's industrial production grew at 6.6 percent
in July and retail inflation cooled to a 10-month low of 3.69 percent in August, strengthened the rupee sentiment. Nifty’s swift
recovery from 50-day EMA ensures immediate floor near 11,250. But, fortunately, the end was good for the week after USD/
INR cooling off a bit and hence, Nifty managed to recoup some losses to close Above the 11500 mark.
Technical Outlook
The Nifty futures started the last week on positive note on Monday and traded with positive movement, but index changed its
direction on Tuesday as it lost more than 120 points for next two continues days. Last two sessions was good for index as it
managed to recover most of the losses to give closing with 21 points loss on weekly basis.
Continued …....
Nifty Analysis
R4 12385.25
R3 12083.90
R2 11782.55
R1 11664.95
PP 11481.20
S1 11363.60
S2 11179.85
S3 10878.50
S4 10577.15
10. 10 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 11560. It can test the level of Rs.
11670 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 11460.
Nifty Analysis
The index held on to its crucial support placed at 11,460 levels and closed sharply higher, forming bullish candle on the daily
candlestick charts and 'Hammer' pattern on the weekly charts. Now it has to hold above 11,500 levels to extend it gains to-
wards 11,620 then 11,680 while on the downside medium term support is seen at 11,466 followed by 11,415 levels. On
option front, maximum Put open interest is at 11,400 followed by 11,000 strike while maximum Call is at 11,800 then 11,600
strikes.
ACTION BUY
ENTRY PRICE ABOVE 11560
TARGET 11670
STOP LOSS 11460
20 Days EMA POSITIVE
50 Days EMA POSITIVE
200 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE
11. 11 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
Technical Outlook
The Nifty Bank index started the last week on negative note and traded with bearish movement for most of the week bear-
ing last trading session where it showed some positivity. But still due to heavy losses in first couple of the days index gave
closing on negative note on weekly basis with loss of 304 points. Going ahead, index has formed Dragon fly Doji candlestick
bullish reversal pattern on lower levels and if index manages to give closing above the levels of 27300 then it can show fur-
ther upside movement and can test levels of 27500. On down side it has a major support of 27000 and violation of this lev-
els could led further selling in the index.
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 27300. It can test the level of Rs.
27500 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 27150.
.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 29424.80
R3 28636.45
R2 27848.10
R1 27413.45
PP 27059.75
S1 26625.10
S2 26271.40
S3 25483.05
S4 24694.70
ACTION BUY
ENTRY PRICE ABOVE 27300
TARGET 27500
STOP LOSS 27150
12. 12 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
Technical Outlook
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 negative note but soon stock started buying from lower levels. Stock has gave breakout of its major resis-
tance levels on daily chart and trading above this levels . It can show good positive move in coming weeks if it manages to
trade above 416 levels.
For this week, traders can adopt buy on lower level strategy in it and above the level of 416 it can test the level of Rs. 428
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 407.
JSW STEEL Cash( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 484.40
R3 457.50
R2 430.60
R1 419.35
PP 403.7
S1 392.45
S2 376.80
S3 349.90
S4 323.00
ACTION BUY
ENTRY PRICE ABOVE 416
TARGET 428.00
STOP LOSS 407.00
13. 13 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
Technical Outlook
Overall trend of the Stock is bullish for long term . For short-medium term stock is in bullish phase . Last week stock
started on negative note but soon stock started buying from lower levels. On daily chart it has formed flag price pattern
on higher levels with good consolidation. If it manages to trade above 238.60 levels than good up side move can be seen
in it. In intraday it showed a good positive move
For this week, traders can adopt buy on lower level strategy in it and above the level of 238.60 it can test the level of Rs.
248 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 233.60
INFIBEAM Cash ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 269.60
R3 256.85
R2 244.10
R1 239.50
PP 231.35
S1 226.75
S2 218.60
S3 205.85
S4 193.10
ACTION BUY
ENTRY PRICE ABOVE 238.60
TARGET 248.00
STOP LOSS 233.60
14. 14 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
Technical Outlook
Last week, KSCL sept Futures started the week with consolidation and given the down side movement at the end of the
week. It made a high of 650.50 during the week and closed at 635.15 with the overall loss of 0.80% on weekly basis. Tech-
nically it’s recovering from the Support levels and made a Hammer pattern. For this week, we can expect up side move in
it.
For this week, traders can adopt buy on consolidation levels breakout strategy in it and above the level of 644 it can test
the level of 654 during the week. Trades can make buy position in it by maintaining a Stop Loss of 638.
KSCL FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE ABOVE 644
TARGET 654
STOP LOSS 638
R4 768.30
R3 722.20
R2 676.10
R1 655.60
PP 630.00
S1 609.50
S2 583.90
S3 537.80
S4 491.70
15. 15 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
Technical Outlook
Last week, INDUSINDBK Sep Futures started the week with down side movement and given reversal from lower level. It
made a high of 1880.70 during the week and closed at 1871.70 with the overall gain of 1.10% on weekly basis. Technically
it made a Dragonfly Doji pattern and giving trendline breakout from lower levels. For this week, we can expect up side pull
back in it.
For this week, traders can adopt buy on trendline breakout strategy in it and above the level of 1881 it can test the level
of 1921 during the week. Trades can make buy position in it by maintaining a Stop Loss of 1859.
INDUSIND FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE BELOW 1881.00
TARGET 1921.00
STOP LOSS 1859.00
R4 2052.80
R3 1987.15
R2 1921.50
R1 1896.65
PP 1855.85
S1 1831.00
S2 1790.20
S3 1724.55
S4 1658.90
16. 16 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
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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 assess-
ment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only.
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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 अनुसंधान 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|
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इकिटी / कमोनडटी बाजार में कोई भी ननवेश जोनखम के अधीन होता है, कंपनी 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 स्वीकृनत।
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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी कंपननयां अनुसंधान ररपोटा में शानमल कंपननयों के साथ कारोबार नहीं करती हैं और न ही ककसी भी तरह के उत्पादों / प्रनतभूनतयों के जारीकताा 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 कंपनी 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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ग्राहकों को यह सलाह दी जाती है कक वे ररपोटा में दी गई जानकारी को केवल 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 द्वाराकंपनी 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड द्वारा ननयुक्त हैं | इस ररपोटा में व्यक्त सभी नवचार कंपनी के बारे में व्यनक्तगत नवचारों को दशााता है और कंपननयों और उनकी प्रनतभूनतयां और क्षनतपूर्तत (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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी में कोई नवत्तीय रुनच नहीं है और न ही इस तरह की नवत्तीय नहत की प्रकृनत 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी की प्रनतभूनतयों में एक प्रनतशत या उससे अनधक के वास्तनवक / िंायदेमंद 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 माकेट 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड की पॉनलसी अपने नवश्लेषकों, पेशेवरों को नवश्लेषक के क्षेत्र में ककसी भी कंपनी की प्रनतभूनतयों के स्वामी से नवश्लेषकों को ररपोटा करने से रोकती है।
नवश्लेषक क्षनतपूर्तत : नवश्लेषक हाई ब्रो माकेट 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नपिले 12 महीनों में नवषय कंपनी 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 कंपनी 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 नलनमटेड या उसके सहयोगीयों ने नवषय कंपनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम
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