Equity Research Report 24 July 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 24/07/2018
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING AS ON
20th JUL 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 11010.20 -8.70 -0.08%
Nifty 100 11215.8 -42.90 -0.38%
Nifty 200 5810.10 -27.45 -0.47%
Nifty 500 9286.1 -62.95 -0.67%
Nifty VIX 13.54 1.23 10.02%
Nifty Bank 26873.2 -62.75 -0.23%
Nifty Auto 10752.70 -250.35 -2.28%
Nifty Finance 11270.55 11.10 0.10%
Nifty FMCG 29281.00 -348.55 -1.18%
Nifty IT 14701.4 166.50 1.15%
Nifty Media 2813.75 -49.20 -1.72%
Nifty Metal 2813.75 -49.20 -1.72%
Nifty Pharma 8895.25 -268.75 -2.93%
Nifty PSU Banks 2802.35 37.20 1.35%
Nifty PVT Bank 15195.90 -91.00 -0.60%
Nifty Realty 257.1 -9.75 -3.65%
USDINR 68.9175 68.5975 0.47%
GBPINR 89.9075 90.1200 -0.24%
EURINR 80.3435 79.8575 0.61%
JPYINR 61.3275 61.0050 0.53%
EURUSD 1.1720 1.1658 0.53%
GBPUSD 1.3104 1.2987 0.90%
Dollar Index 94.25 94.44 -0.20%
Gold COMEX 1231.90 1241.80 -0.80%
Gold MCX 29920 30105 -0.61%
Crude Oil NYMEX 68.13 70.56 -3.44%
Crude Oil MCX 4707 4836 -2.67%
Brent Oil NYMEX 72.99 74.86 -2.50%
Copper MCX 420.35 422.70 -0.56%
Natural Gas NYMEX 2.763 2.758 0.18%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
BAJAJ FI-
NANCE
2721.50 10.61% 2744.95
INDIABULLS
HOUSING
1196.45 6.21% 1439.4
BAJAJ FIN-
SERV
6666.20 5.15% 6776.35
INFOSYS 1348.35 3.00% 1384.4
RELIANCE 1128.55 2.90% 1138.25
DRREDDY LAB 2055.60 -11.30% 1888
HINDALCO 195.95 -10.46% 193.8
TATA STEEL 503.45 -9.80% 493.5
BAJAJ AUTO 2841.10 -9.35% 2701
LUPIN 800.30 -7.50% 723.55

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, July 23, 2018
19:30 USD Existing Home Sales (Jun) 5.44M 5.43M
19:30 USD Existing Home Sales (MoM) (Jun) 0.50% -0.40%
Tuesday, July 24, 2018
15:30 GBP CBI Industrial Trends Orders (Jul) 10 13
19:15 USD Manufacturing PMI (Jul) 55.4 55.4
19:15 USD Services PMI (Jul) 56.5 56.5
Wednesday, July 25, 2018
2:00 USD API Weekly Crude Oil Stock - 0.629M
19:30 USD New Home Sales (Jun) 670K 689K
19:30 USD New Home Sales (MoM) (Jun) -2.80% 6.70%
20:00 USD Crude Oil Inventories - 5.836M
Thursday, July 26, 2018
18:00 USD Cap Goods Ship Non Defense Ex Air (MoM) - 0.20%
18:00 USD Core Durable Goods Orders (MoM) (Jun) 0.50% -0.30%
18:00 USD Initial Jobless Claims 215K 207K
Friday, July 27, 2018
18:00 USD GDP (QoQ) (Q2) 4.10% 2.00%
18:00 USD GDP Price Index (QoQ) (Q2) 2.30% 2.20%

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIPT NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
ADANIPORTS 423.65 405.25 386.85 378.40 368.45 360.00 350.05 331.65 313.25
ASIANPAINT 1557.10 1499.70 1442.30 1418.65 1384.87 1361.20 1327.45 1270.05 1212.65
AXISBANK 612.60 585.20 557.80 545.75 530.37 518.30 502.95 475.55 448.15
BAJAJ-AUTO 3980.00 3631.45 3282.90 3052.25 2934.35 2703.70 2585.80 2237.25 1888.70
BAJAJFINSV 8505.50 7843.95 7182.40 6921.25 6520.85 6259.70 5859.30 5197.75 4536.20
BAJFINANCE 3770.65 3383.15 2995.65 2858.80 2608.15 2471.30 2220.65 1833.15 1445.65
BHARTIARTL 432.05 403.30 374.55 360.55 345.77 331.75 317.00 288.25 259.50
BPCL 466.00 441.05 416.10 402.40 391.15 377.45 366.20 341.25 316.30
CIPLA 749.55 707.70 665.85 645.85 624.00 604.00 582.15 540.30 498.45
COALINDIA 293.45 283.55 273.65 268.90 263.73 258.95 253.80 243.90 234.00
DRREDDY 2709.90 2506.80 2303.70 2181.15 2100.57 1978.00 1897.45 1694.35 1491.25
EICHERMOT 30120.40 29136.50 28152.60 27576.30 27168.70 26592.40 26184.80 25200.90 24217.00
GAIL 406.75 390.70 374.65 366.85 358.57 350.75 342.50 326.45 310.40
GRASIM 1049.60 1010.80 972.00 952.20 933.18 913.35 894.35 855.55 816.75
HCLTECH 1097.00 1061.50 1026.00 1012.00 990.50 976.50 955.00 919.50 884.00
HDFC 2189.40 2121.50 2053.60 2014.30 1985.70 1946.40 1917.80 1849.90 1782.00

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
HDFCBANK 2359.70 2302.95 2246.20 2215.60 2189.42 2158.80 2132.65 2075.90 2019.15
HEROMOTOCO 3985.35 3792.35 3599.35 3490.70 3406.33 3297.65 3213.30 3020.30 2827.30
HINDALCO 287.10 259.25 231.40 213.45 203.52 185.55 175.65 147.80 119.95
HINDPETRO 349.50 324.90 300.30 288.15 275.70 263.55 251.10 226.50 201.90
HINDUNILVR 2146.65 1993.65 1840.65 1748.25 1687.62 1595.20 1534.60 1381.60 1228.60
IBULHSGFIN 1549.05 1425.30 1301.55 1249.35 1177.78 1125.55 1054.00 930.25 806.50
ICICIBANK 296.95 285.75 274.55 270.20 263.33 258.95 252.10 240.90 229.70
INDUSINDBK 2128.15 2055.15 1982.15 1940.80 1909.13 1867.75 1836.10 1763.10 1690.10
INFRATEL 363.80 339.95 316.10 301.10 292.23 277.20 268.35 244.50 220.65
INFY 1631.50 1534.80 1438.10 1395.05 1341.37 1298.30 1244.65 1147.95 1051.25
IOC 195.55 184.40 173.25 167.15 162.08 155.95 150.90 139.75 128.60
ITC 297.45 288.90 280.35 277.35 271.80 268.80 263.25 254.70 246.15
KOTAKBANK 1619.00 1533.00 1447.00 1391.00 1361.00 1305.00 1275.00 1189.00 1103.00
LT 1442.05 1387.05 1332.05 1301.05 1277.02 1246.00 1222.00 1167.00 1112.00
LUPIN 1058.00 978.15 898.30 849.75 818.43 769.85 738.55 658.70 578.85
M&M 1015.60 980.80 946.00 927.35 911.17 892.50 876.35 841.55 806.75

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Weekly Pivots
MARUTI 10121.60 9884.50 9647.40 9523.70 9410.30 9286.60 9173.20 8936.10 8699.00
NTPC 169.70 164.75 159.80 157.65 154.85 152.70 149.90 144.95 140.00
ONGC 196.90 184.15 171.40 164.85 158.65 152.10 145.90 133.15 120.40
POWERGRID 207.00 197.30 187.60 181.70 177.90 172.00 168.20 158.50 148.80
RELIANCE 1318.65 1249.75 1180.85 1154.25 1111.92 1085.30 1043.00 974.10 905.20
SBIN 298.05 285.00 271.95 267.35 258.88 254.25 245.80 232.75 219.70
SUNPHARMA 648.35 616.05 583.75 572.20 551.43 539.85 519.10 486.80 454.50
TATAMOTORS 294.50 281.00 267.50 260.65 253.97 247.10 240.45 226.95 213.45
TATASTEEL 719.90 653.00 586.10 545.35 519.17 478.40 452.25 385.35 318.45
TCS 2118.40 2076.70 2035.00 2016.55 1993.27 1974.80 1951.55 1909.85 1868.15
TECHM 733.80 707.10 680.40 669.20 653.70 642.50 627.00 600.30 573.60
TITAN 1032.80 972.30 911.80 886.45 851.27 825.90 790.75 730.25 669.75
ULTRACEMCO 4465.70 4271.10 4076.50 3980.75 3881.87 3786.10 3687.25 3492.65 3298.05
UPL 676.10 635.70 595.30 572.55 554.88 532.10 514.45 474.05 433.65
VEDL 240.45 228.75 217.05 210.05 205.33 198.30 193.60 181.90 170.20
WIPRO 318.95 307.20 295.45 288.55 283.70 276.80 271.95 260.20 248.45
YESBANK 457.65 432.90 408.15 397.20 383.40 372.45 358.65 333.90 309.15
ZEEL 601.50 573.45 545.40 530.00 517.32 501.90 489.25 461.20 433.15

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: 11000
Major Support Levels: 10800
Open Interest & price Analysis
APOLLOTYRE 23.05% 5.86%
BATAINDIA 16.74% 2.77%
ADANIPOWER 13.51% 24.12%
IFCI 13.20% 3.97%
- - -
IGL -19.77% 9.97%
BERGEPAINT -18.96% 3.31%
CANBK -12.09% 2.07%
LICHSGFIN -11.71% 3.37%
KSCL -11.57% 5.17%
ASHOKLEY 41.35% -19.14%
MINDTREE 30.64% -8.57%
HCC 27.57% -12.78%
TATAGLOBAL 24.96% -7.39%
BAJAJ-AUTO 23.83% -9.52%
PVR -32.03% -5.25%
KPIT -25.60% -2.22%
SRTRANSFIN -22.59% -6.09%
DCBBANK -20.37% -10.67%
NIITTECH -18.96% -2.54%

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
After two weeks of rally, the Indian equity markets seem to have taken a breather as indices ended almost un-
changed. Benchmarks failed to carry forward the momentum as tumbling rupee, weak global cues and the no confi-
dence motion in the monsoon parliament session dented the sentiment across the street. However, it was the mid-
cap and small cap space that came alive towards the fag end of the week.
Sentiment was also partially hit after index heavyweight like Bajaj Auto and Kotak-Mahindra Bank missed market
expectations. While Ultratech Cement and CEAT managed to beat estimates, Bajaj Finance, Bajaj Finserve and
Hindustan Unilever announced results which were inline.
On the Economic front USD/INR gain show its strength as it closed on positive note on weekly basis.. Nifty P/E ratio
was in the range of 27.17 to 27.36 for the past week.
Technical Outlook
Equity benchmarks Nifty witnessed range bound activity as the Nifty ended the session at 11024.85 , up 4 points on
weekly basis. It started the week on positive note but it got stuck in between 10938 to 11073.75 levels from last
eight trading sessions and requires a range breakout to commence the next leg of rally. On the weekly charts it reg-
istered a Doji Cross kind of formation suggesting indecisiveness and lack of direction throughout the week
Continued …....
Nifty Analysis
R4 11435.60
R3 11293.80
R2 11152.00
R1 11088.45
PP 11010.20
S1 10946.65
S2 10868.40
S3 10726.60
S4 10584.80

The index has to continue to hold above 11000 levels to extend its gains towards 11100 then 11200 levels while
on the downside supports are seen at 10938 & 10850 levels. On the option front, maximum Put open interest
was seen at 11000 followed by 10800 strike while maximum Call OI was at 11100 followed by 11200 strike.
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 11074. It can test the
level of Rs. 11195 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10974.
Nifty Analysis
ACTION BUY
ENTRY PRICE ABOVE 11074
TARGET 11195
STOP LOSS 10974
20 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE

The Nifty Bank index opened on negative note on Monday but it reclaimed the 27000 mark in the next trading
session. Nifty Bank index corrected in last couple of trading session to give a closing of range bound week with a
marginal loss of 0.23 %. The index in the last 9 sessions has been consolidating in the range of 26689.90 and
27233 levels. We expect the Bank Nifty to form a higher base in the current consolidation, which is likely to act
as a launch pad for the next leg of the up move. The index is currently consolidating near the higher band of the
last nine weeks consolidation range of 27233-26000. We expect it to witness a breakout above the upper band
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 27100. It can test the
level of Rs. 27400 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 26900.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 28579.75
R3 28036.70
R2 27493.65
R1 27211.25
PP 26950.60
S1 26668.20
S2 26407.55
S3 25864.50
S4 25321.45
ACTION BUY
TARGET 27400
STOP LOSS 26900

Technical Outlook
Overall trend of the Stock is bearish for long term . For short-medium term stock is in some consolidation
phase. Last week stock started on negative note and traded with sideways movement throughout the week.
Stock is forming falling wedge price pattern on daily chart . It can show good positive move in coming weeks if
it manages to trade above 105 levels. On intraday chart it has showed a good buying from lower levels.
For this week, traders can adopt buy on lower level strategy in it and above the level of 105 it can test the level
of Rs. 112 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 101.80
INDIACEMENT ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 133.30
R3 123.00
R2 112.70
R1 107.70
PP 102.40
S1 97.40
S2 92.10
S3 81.80
S4 71.50
ACTION BUY
TARGET 112.00
STOP LOSS 101.80

Technical Outlook
Overall trend of the Stock is bullish for long term . For short-medium term stock was in some correction
phase . Last week stock started on negative note but from lower levels good buying was seen in it. On daily
chart it has gave breakout of its major resistance level of 378 and trading above this levels. It has also gave
breakout of its down word trend line. 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 381.50 it can test the
level of Rs. 396 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 373.40
ADANI PORT( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
TARGET 397.00
STOP LOSS 367.00
R4 423.70
R3 405.30
R2 386.90
R1 378.50
PP 368.5
S1 360.10
S2 350.10
S3 331.70
S4 313.30

Technical Outlook
Last Week ACC Jul Futures started the week at and made low of 1256.45 during the week. It traded negative
for the entire week and closed at 1294.95 with the overall loss of 3.28% on weekly basis. Technically analysis
ACC broke the major resistance level of 1300 last week & closed below the same with the negative technical
indicators. For this week, we can expect further downside movement in it.
For this week, traders can adopt sell on high level strategy in it and below the level of 1294.95 it can test the
level of Rs. 1304 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 1321
ACC FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1555.25
R3 1469.10
R2 1382.95
R1 1337.95
PP 1296.8
S1 1251.80
S2 1210.65
S3 1124.50
S4 1038.35
ACTION SELL
ENTRY PRICE BELOW 1304
TARGET 1254.00
STOP LOSS 1324.00

Technical Outlook
Last week IDBI Jul Futures started the week at 57.05 and made high of 60.20 during the week. It witnessed
choppy movement for the entire week and closed at 58.25 with the overall gain of 1.31% on weekly basis.
Technically IDBI is in consolidation phase and also broke the major downward trend line last week. For this
week, we can expect good upside movement in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 58.35 it can test the
level of 62.35 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.57.35
IDBI BANK( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE ABOVE 58.35
TARGET 62.35
STOP LOSS 57.35
R4 77.15
R3 70.45
R2 63.75
R1 60.85
PP 57.05
S1 54.15
S2 50.35
S3 43.65
S4 36.95

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 24 July 2018 Ways2Capital

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Equity Research Report 24 July 2018 Ways2Capital

Similar to Equity Research Report 24 July 2018 Ways2Capital (16)

More from Ways2Capital | Investment Advisor

More from Ways2Capital | Investment Advisor (19)

Recently uploaded

Recently uploaded (20)

Equity Research Report 24 July 2018 Ways2Capital