Equity Research Report 23 October 2018 Ways2Capital

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

2 Copyright © 2018 Ways2Capital. All rights reserved 23/10/2018
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING AS ON
19th SEPT 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10303.55 -168.75 -1.61%
Nifty 100 10504.05 -164.75 -1.54%
Nifty 200 5426.55 -86.75 -1.57%
Nifty 500 8640.65 -134.50 -1.53%
India VIX 19.79 1.00 5.32%
Nifty Bank 25085.80 -191.15 -0.76%
Nifty Auto 8690.25 -301.90 -3.36%
Nifty Finance 10284.25 -231.50 -2.20%
Nifty FMCG 28845.25 684.15 2.43%
Nifty IT 14476.85 -245.25 -1.67%
Nifty Media 2497.40 -84.10 -3.26%
Nifty Metal 3365.00 -42.15 -1.24%
Nifty Pharma 9650.30 -48.35 -0.50%
Nifty PSU Banks 2685.95 -7.35 -0.27%
Nifty PVT Bank 14209.55 -203.00 -1.41%
Nifty Realty 204.30 -5.15 -2.46%
USDINR 73.3900 73.7000 -0.42%
GBPINR 95.6900 97.4475 -1.80%
EURINR 84.2325 85.2525 -1.20%
JPYINR 65.3250 65.7300 -0.62%
EURUSD 1.1549 1.1564 -0.13%
GBPUSD 1.3134 1.3191 -0.43%
Dollar Index 95.38 94.91 0.50%
Gold COMEX 1230.00 1218.10 0.98%
Gold MCX 31902 31846 0.18%
Crude Oil NYMEX 69.37 71.34 -2.76%
Crude Oil MCX 5087 5243 -2.98%
Brent Oil NYMEX 80.00 80.43 -0.53%
Copper MCX 453.00 459.55 -1.43%
Natural Gas NYMEX 3.229 3.161 2.15%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
ITC LTD 288.45 5.01% 322.70
DRREDDY
LABS
2555.00 4.27% 2687.45
SUN
PHARMA
608.40 3.01% 678.80
UPL LTD 642.95 2.53% 848.70
KOTAK
BANK
1198.50 2.49% 1424.00
INDIABULLS
HOUSING
654.25 -29.73% 640.15
YESBANK 217.70 -11.76% 166.15
EICHER MO-
TORES
21670.60 -9.53% 20301.10
MARUTI 6760.35 -7.18% 6650.00
BAJAJ FI-
NANCE
2140.75 -6.50% 1514.40

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Tuesday, October 23, 2018
15:30 GBP CBI Industrial Trends Orders (Oct) 1 -1
Wednesday, October 24, 2018
19:15 USD Services PMI (Oct) 54 53.5
19:30 USD New Home Sales (Sep) 625K 629K
19:30 USD New Home Sales (MoM) (Sep) -1.40% 3.50%
20:00 USD Crude Oil Inventories - 6.490M
20:00 USD Cushing Crude Oil Inventories - 1.776M
Thursday, October 25, 2018
18:00 USD Cap Goods Ship Non Defense Ex Air (MoM) - -0.20%
18:00 USD Core Durable Goods Orders (MoM) (Sep) 0.30% 0.10%
19:30 USD Pending Home Sales (MoM) (Sep) -0.10% -1.80%
Friday, October 26, 2018
18:00 USD GDP (QoQ) (Q3) 3.30% 4.20%
18:00 USD GDP Price Index (QoQ) (Q3) 2.30% 3.30%
19:30 USD Michigan Consumer Expectations (Oct) 89.1 89.1
19:30 USD Michigan Consumer Sentiment (Oct) 99 99

Continued .......
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 422.65 388.70 354.75 336.25 320.80 302.30 286.85 252.90 218.95
ASIANPAINT 1448.15 1381.60 1315.05 1276.55 1248.48 1209.95 1181.90 1115.35 1048.80
AXISBANK 704.75 660.50 616.25 589.40 571.97 545.10 527.70 483.45 439.20
BAJAJ-AUTO 3060.20 2890.55 2720.90 2622.45 2551.22 2452.75 2381.55 2211.90 2042.25
BAJAJFINSV 7222.20 6647.25 6072.30 5754.65 5497.35 5179.70 4922.40 4347.45 3772.50
BAJFINANCE 3144.95 2829.65 2514.35 2344.15 2199.03 2028.80 1883.70 1568.40 1253.10
BHARTIARTL 332.70 318.40 304.10 295.50 289.77 281.15 275.45 261.15 246.85
BPCL 372.70 344.70 316.70 299.85 288.67 271.80 260.65 232.65 -
CIPLA 735.20 701.60 668.00 650.75 634.40 617.15 600.80 567.20 533.60
COALINDIA 310.85 299.75 288.65 282.35 277.53 271.20 266.40 255.30 244.20
DRREDDY 2996.30 2840.70 2685.10 2615.55 2529.47 2459.90 2373.85 2218.25 2062.65
EICHERMOT 30750.35 27967.35 25184.35 23451.65 22401.35 20668.65 19618.35 16835.35 14052.35
GAIL 418.10 395.35 372.60 358.20 349.85 335.45 327.10 304.35 281.60
GRASIM 1034.50 985.60 936.70 908.85 887.77 859.90 838.85 789.95 741.05
HCLTECH 1230.20 1147.50 1064.80 1010.90 982.10 928.20 899.40 816.70 734.00
HDFC 2067.15 1943.85 1820.55 1742.80 1697.23 1619.45 1573.90 1450.60 1327.30

Continued .......
Weekly Pivots
HDFCBANK 2162.70 2102.50 2042.30 2006.15 1982.07 1945.90 1921.85 1861.65 1801.45
HEROMOTOCO 3755.80 3435.90 3116.00 2917.10 2796.08 2597.15 2476.15 2156.25 1836.35
HINDALCO 262.15 250.85 239.55 233.95 228.23 222.60 216.90 205.60 194.30
HINDPETRO 256.00 241.65 227.30 221.45 212.95 207.10 198.60 184.25 -
HINDUNILVR 1836.10 1743.15 1650.20 1614.50 1557.23 1521.50 1464.25 1371.30 1278.35
IBULHSGFIN 1771.55 1433.80 1096.05 877.55 758.30 539.80 420.55 82.80 #NUM!
ICICIBANK 373.70 355.10 336.50 326.25 317.88 307.60 299.25 280.65 262.05
INDUSINDBK 1991.85 1865.90 1739.95 1658.00 1613.98 1532.00 1488.00 1362.05 1236.10
INFRATEL 324.50 305.20 285.90 275.00 266.60 255.70 247.30 228.00 208.70
INFY 825.85 782.05 738.25 710.90 694.43 667.05 650.60 606.80 563.00
IOC 155.20 147.85 140.50 136.65 133.12 129.25 125.75 118.40 -
ITC 333.20 317.55 301.90 296.45 286.22 280.75 270.55 254.90 239.25
KOTAKBANK 459.60 429.00 398.40 380.95 367.77 350.30 337.15 306.55 275.95
LT 1332.70 1284.20 1235.70 1216.85 1187.17 1168.30 1138.65 1090.15 1041.65
LUPIN 1367.35 1315.35 1263.35 1236.70 1211.33 1184.65 1159.30 1107.30 1055.30
M&M 931.20 872.55 813.90 778.40 755.23 719.70 696.55 637.90 579.25

Weekly Pivots
MARUTI 8812.00 8187.50 7563.00 7161.50 6938.50 6537.00 6314.00 5689.50 5065.00
NTPC 179.20 173.80 168.40 165.65 162.97 160.20 157.55 152.15 146.75
ONGC 193.55 182.90 172.25 166.50 161.57 155.80 150.90 140.25 129.60
POWERGRID 207.65 201.30 194.95 192.10 188.58 185.70 182.20 175.85 169.50
RELIANCE 1443.95 1334.85 1225.75 1163.05 1116.63 1053.90 1007.50 898.40 789.30
SBIN 315.45 298.55 281.65 271.40 264.75 254.50 247.85 230.95 214.05
SUNPHARMA 678.55 653.20 627.85 618.35 602.48 592.95 577.10 551.75 526.40
TATAMOTORS 220.25 206.45 192.65 183.70 178.83 169.85 165.00 151.20 137.40
TATASTEEL 679.10 640.10 601.10 579.15 562.07 540.10 523.05 484.05 445.05
TCS 2283.20 2164.25 2045.30 1982.65 1926.35 1863.70 1807.40 1688.45 1569.50
TECHM 863.60 810.05 756.50 724.40 702.92 670.80 649.35 595.80 542.25
TITAN 920.20 879.40 838.60 813.10 797.80 772.30 757.00 716.20 675.40
ULTRACEMCO 4539.35 4244.35 3949.35 3783.70 3654.33 3488.65 3359.30 3064.30 2769.30
UPL 776.35 732.10 687.85 666.45 643.58 622.15 599.30 555.05 510.80
VEDL 261.25 244.10 226.95 219.85 209.78 202.65 192.60 175.45 158.30
WIPRO 367.40 352.45 337.50 330.95 322.55 316.00 307.60 292.65 277.70
YESBANK 354.65 312.80 270.95 245.15 229.07 203.25 187.20 145.35 103.50
ZEEL 541.20 514.45 487.70 470.85 460.95 444.10 434.20 407.45 380.70

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: 10600 followed by
11000
Major Support Levels: 10000
Open Interest & Price Analysis
BERGEPAINT 36.97% 1.73%
INFRATEL 29.52% 2.55%
HINDZINC 28.58% 4.70%
RPOWER 26.18% 3.98%
MCX 19.39% 6.04%
CESC -17.32% 5.23%
MOTHERSUMI -14.17% 10.24%
IGL -13.96% 5.79%
ESCORTS -12.91% 5.31%
- - -
DHFL 47.42% -26.97%
RBLBANK 43.39% -3.69%
REPCOHOME 43.35% -16.24%
IBULHSGFIN 40.62% -29.25%
ACC 40.42% -2.63%
EQUITAS -15.15% -1.02%
- - -
- - -
- - -
- - -

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Last week, our Indian Equity market showed a roller costar ride as our benchmark indices Nifty showed some strength in first
couple of trading session which made the hopes of some relief in the market but in last two trading sessions all the hopes gone
vanished as index lost more than 350 points in last two sessions. The truncated week ended on negative note with Nifty closed
a tad above the important support level of 10300. The market remained volatile as it started the week on the positive note but
failed to keep the upward momentum on the back of weak global cues. While on domestic front mixed earnings, WPI Inflation,
NBFCs and housing finance companies woes have put pressure on the indices. Good numbers by some of the index heavy-
weights also could not make any impact on the market. On the economy front, September CPI inflation was flat at 3.77 percent
against 3.69 percent, MoM, while WPI inflation rose to 5.13 percent in September from 4.53 percent in August. August IIP was
at 4.3 percent versus 6.5 percent in July. On Friday, rupee has appreciated against the US dollar as it ended higher by 28 paise
at 73.32 against Wednesday's close of 73.60. Rupee. Foreign investors were net sellers last week, while domestic institutions
remained buyers. Crude oil price was the major relief factor last week as it tanked more than 4 % , giving some hope to Indian
equity market in near future.
Technical Outlook
The Nifty futures started the last week on positive note on Monday and traded with positive sentiments for first couple of ses-
sions. But on Wednesday's trading session Index opened on a huge gap up note but could not sustain on higher levels as soon
it showed a sharp selling from higher levels. last session was also dominated by bears as index touched intraday low of
10246.35 but manages to close above 10300 levels . On weekly basis index give closing with 168.75 points loss or 1.68% loss.
Continued …....
Nifty Analysis
R4 11780.90
R3 11327.30
R2 10873.70
R1 10593.85
PP 10420.10
S1 10140.25
S2 9966.50
S3 9512.90
S4 9059.30

Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 10240. It can test the level of Rs.
10110 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 10350.
Nifty Analysis
Last week index again successfully defended its major support levels of 10155.55 which is swing low for the index. On
weekly charts this sell off resulted in 'Bearish Engulfing' formation as current week's candle body completely covered the
candle body of last week which appears to have negated the bullish connotations of preceding week's Hammer formation. If
indices breach 10246.35 in next week itself then it can retest the recent corrective swing lows of 10155.55 levels. while up-
side resistance is placed at 10425 levels. On option front, maximum Put open interest (OI) was at 10000 followed by 10200
strike while maximum Call OI was at 11000 followed by 10600 strikes.
ACTION SELL
ENTRY PRICE BELOW 10240
TARGET 10110
STOP LOSS 10350
20 Days EMA NEGATIVE
RSI NEGATIVE
MACD NEGATIVE
STOCHASTIC NEGATIVE

Technical Outlook
The Nifty Bank index started the last week on flat note on Monday and traded with high volatility throughout the week. On
Tuesday Index showed some positive movement throughout the day but on Wednesday it showed sharp selling from higher
levels as it tanked more than 600 points in a single day. Last trading session was again sideways for the index and it given
closing with 191 points loss or 0.76% loss on weekly basis. Bank nifty managed to give closing above its important support
levels of 25000 after breaching this levels on Friday. Going ahead, If index manages to breach 25000 levels than further
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 25000. It can test the level of Rs.
24700 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 25201.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 28377.75
R3 27344.95
R2 26312.15
R1 25698.60
PP 25279.35
S1 24665.80
S2 24246.55
S3 23213.75
S4 22180.95
ACTION SELL
ENTRY PRICE 25000
TARGET 24700
STOP LOSS 25201

Technical Outlook
Overall trend of the Stock is sideways for long term . For short-medium term stock is in bullish phase. Last week, it started
on positive note and traded with sideways movement throughout the week. On daily chart it has gave breakout of its ma-
jor trend line up side. On intraday chart it is consolidating on higher levels. If it manages to trade above the levels of 617
than further upside move can be seen in it
For this week, traders can adopt buy on lower level strategy in it and above the level of 617 it can test the level of Rs. 637
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 605.
SUNPHARMA Cash( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 678.90
R3 653.55
R2 628.20
R1 619.05
PP 602.85
S1 593.70
S2 577.50
S3 552.15
S4 526.80
ACTION BUY
ENTRY PRICE ABOVE 617
TARGET 637.00
STOP LOSS 605.00

Technical Outlook
Overall trend of the Stock is sideways for long term . For short-medium term stock is in consolidation phase . Last week
stock started on positive note but could not maintain its positive run and it traded with negative sentiment throughout
the week. On daily chart it is consolidating on lower levels and forming double bottom. If it manages to trade above 621
levels than further upside 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 621 it can test the level of Rs. 644
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 609
GLENMARK Cash ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 693.35
R3 663.45
R2 633.55
R1 616.30
PP 603.65
S1 586.40
S2 573.75
S3 543.85
S4 513.95
ACTION BUY
TARGET 644.00
STOP LOSS 609.00

Technical Outlook
Last week MARUTI Oct Futures started the week on positive note and made a high of 7323.95 during the week but till end
of the week, all of its earlier gains were erased and it closed at 6771.35 with the overall loss of 7.12 per cent on weekly
basis. Technically MARUTI Oct Futures sustaining near to the major support levels and for this week, we can expect short
covering in it from the lower levels.
For this week, traders can adopt buy on lower higher level strategy in it and above the level of 6190, it can test the level of
Rs. 7210 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 6810
MARUTI FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 8757.85
R3 8153.60
R2 7549.35
R1 7160.20
PP 6945.10
S1 6555.95
S2 6340.85
S3 5736.60
S4 5132.35
ACTION BUY
TARGET 7210.00
STOP LOSS 6810.00

Technical Outlook
Last week BAJFINANCE Oct Futures started the week on positive note and made a high of 2369 during the week but till end
of the week, all of its earlier gains were erased and it closed at 2143.35 with the overall loss of 6.50 per cent on weekly
basis. Technically BAJFINANCE Oct Futures sustaining near to the major support levels and for this week, we can expect
short covering in it from the lower levels.
For this week, traders can adopt buy on lower higher level strategy in it and above the level of 2220, it can test the level of
Rs. 2320 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 2195
BAJAJ FINANCE FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 3131.10
R3 2817.10
R2 2503.10
R1 2323.20
PP 2189.10
S1 2009.20
S2 1875.10
S3 1561.10
S4 1247.10
ACTION BUY
TARGET 2320.00
STOP LOSS 2195.00

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 assess-
ment 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड का एक भाग) द्वारा तैयार ककया गया है | यहां पर दी गई जानकारी, नवश्लेषण और अनुमान Ways2Capital इकिटी / कमोनडटी अनुसंधान के मूलयांकन पर आधाररत हैं और नवश्वसनीय स्रोतों से प्राप्त की गई है | यह दस्तावेज़ केवल
इनछित प्राप्तकताा 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 thisconnection. 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 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|
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, 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.
Disclaimer

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 report 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
Disclaimer

Equity Research Report 23 October 2018 Ways2Capital

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Equity Research Report 23 October 2018 Ways2Capital

Similar to Equity Research Report 23 October 2018 Ways2Capital (16)

More from Ways2Capital | Investment Advisor

More from Ways2Capital | Investment Advisor (17)

Recently uploaded

Recently uploaded (20)

Equity Research Report 23 October 2018 Ways2Capital