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HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
PHONE: 0731-6554125 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
2 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 28rd Mar 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 50 10113.70 -41.55 -0.41%
Nifty 100 10478.4 -33.35 -0.32%
Nifty 200 5499.35 -16.75 -0.30%
Nifty 500 8912.1 -37 -0.41%
Nifty VIX 15.76 0.65 4.30%
Nifty Bank 24263.35 7.75 0.03%
Nifty Auto 10821.35 -12.25 -0.11%
Nifty Finance 10207.6 8.05 0.08%
Nifty FMCG 26127.40 34.40 0.13%
Nifty IT 12511.55 -97.3 -0.77%
Nifty Media 3286.50 28.15 0.86%
Nifty Metal 3512.55 -26.55 -0.75%
Nifty Pharma 8358.05 -167.40 -1.96%
Nifty PSU Banks 2878.5 16.15 0.56%
Nifty PVT Bank 13687.90 269.55 2.00%
Nifty Realty 314.8 -0.9 -0.29%
USDINR 65.3600 65.2975 0.10%
GBPINR 92.5250 92.2525 0.30%
EURINR 81.1075 80.6675 0.55%
JPYINR 61.7550 62.2300 -0.76%
EURUSD 1.2360 1.2356 0.03%
GBPUSD 1.4106 1.4164 -0.41%
Dollar Index 89.81 89.03 0.88%
Gold COMEX 1322.80 1349.90 -2.01%
Gold MCX 30408 30907 -1.61%
Crude Oil NYMEX 64.94 65.88 -1.43%
Crude Oil MCX 4234 4266 -0.75%
Brent Oil NYMEX 70.27 70.45 -0.26%
Copper MCX 436.80 433.40 0.78%
Natural Gas NYMEX 2.733 2.591 5.48%
3 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
COAL INDIA 283.50 4.54% 316.55
INDUSLND
BANK
1795.60 3.70% 1818.00
BAJAJ FI-
NANCE
1762.00 3.50% 1989.00
BOSCH 18136.65 3.22% 25245.20
HCL TECH 967.15 3.07% 1041.50
WIPRO 281.45 -4.77% 242.38
BHARTI
AIRTEL
398.90 -4.71% 333.25
LUPIN 736.40 -4.09% 727.05
ICICI BANK 278.40 -3.87% 241.09
BAJAJ AUTO 2748.90 -3.67% 2695.00
4 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, April 2, 2018
All Day USD United Kingdom- Easter Monday Holiday
7:15 CNY Caixin Manufacturing PMI (Mar) - 51.60
19:30 USD ISM Manufacturing PMI (Mar) 60.00 60.80
Tuesday, April 3, 2018
14:00 GBP Manufacturing PMI (Mar) - 55.20
Wednesday, April 4, 2018
14:00 GBP Construction PMI (Mar) 50.50 51.40
17:45 USD ADP Nonfarm Employment Change (Mar) 205K 235K
19:30 USD ISM Non-Manufacturing PMI (Mar) 59.00 59.50
Thursday, April 5, 2018
All Day CNY China- Tomb Sweeping Day Holiday
14:30 INR Interest Rate Decision - 6.00%
15:00 GBP Services PMI (Mar) 53.30 54.50
Friday, April 6, 2018
All Day CNY China- Tomb Sweeping Day Holiday
18:00 USD Nonfarm Payrolls (Mar) 203K 313K
18:00 USD Unemployment Rate (Mar) 4.00% 4.10%
18:00 USD Building Permits (MoM)(Feb) - 5.90%
18:00 USD Housing Starts (MoM)(Feb) - 9.70%
18:45 USD Industrial Production (MoM)(Feb) 0.20% -0.10%
19:30 USD JOLTs Job Openings (Jan) 5.900M 5.811M
5 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
ADANIPORTS 413.90 395.55 377.20 366.60 358.82 348.20 340.45 322.10 303.75
AMBUJACEM 262.80 252.85 242.90 238.95 232.95 229.00 223.00 213.05 203.10
ASIANPAINT 1230.45 1193.45 1156.45 1137.85 1119.42 1100.80 1082.40 1045.40 1008.40
AUROPHARMA 612.10 594.10 576.10 569.20 558.10 551.20 540.10 522.10 504.10
AXISBANK 591.50 564.15 536.80 523.70 509.43 496.30 482.05 454.70 427.35
BAJAJ-AUTO 3180.30 3047.60 2914.90 2832.35 2782.18 2699.60 2649.45 2516.75 2384.05
BAJFINANCE 2088.30 1976.30 1864.30 1818.55 1752.27 1706.50 1640.25 1528.25 1416.25
BHARTIARTL 488.25 460.65 433.05 415.45 405.42 387.80 377.80 350.20 322.60
BOSCHLTD 21915.30 20597.05 19278.80 18739.40 17960.55 17421.15 16642.30 15324.05 14005.80
BPCL 502.55 475.05 447.55 437.60 420.05 410.10 392.55 365.05 337.55
CIPLA 590.85 574.80 558.75 552.40 542.67 536.30 526.60 510.55 494.50
COALINDIA 331.50 313.80 296.10 288.75 278.38 271.00 260.65 242.95 225.25
DRREDDY 2287.10 2218.40 2149.70 2111.65 2080.97 2042.90 2012.25 1943.55 1874.85
EICHERMOT 31366.20 30323.00 29279.80 28864.90 28236.57 27821.65 27193.35 26150.15 25106.95
GAIL 388.60 367.20 345.85 338.35 324.44 316.90 303.05 281.70 260.30
HCLTECH 1074.10 1037.50 1000.90 983.60 964.30 947.00 927.70 891.10 854.50
6 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
HDFC 1991.70 1931.95 1872.20 1846.60 1812.42 1786.80 1752.65 1692.90 1633.15
HDFCBANK 2074.00 2007.50 1941.00 1915.50 1874.50 1849.00 1808.00 1741.50 1675.00
HEROMOTOCO 4133.35 3919.85 3706.35 3620.20 3492.83 3406.65 3279.30 3065.80 2852.30
HINDALCO 262.50 245.80 229.10 222.20 212.40 205.50 195.70 179.00 162.30
HINDPETRO 414.30 389.00 363.70 353.25 338.37 327.90 313.05 287.75 262.45
HINDUNILVR 1450.50 1408.50 1366.50 1350.95 1324.47 1308.90 1282.45 1240.45 1198.45
IBULHSGFIN 1441.50 1372.30 1303.10 1270.80 1233.88 1201.55 1164.65 1095.45 1026.25
ICICIBANK 314.80 303.45 292.10 285.50 280.72 274.10 269.35 258.00 246.65
INDUSINDBK 1961.50 1902.70 1843.90 1821.95 1785.07 1763.10 1726.25 1667.45 1608.65
INFRATEL 384.65 369.00 353.35 344.30 337.67 328.60 322.00 306.35 290.70
INFY 1266.35 1225.70 1185.05 1162.55 1144.38 1121.85 1103.70 1063.05 1022.40
IOC 215.90 201.70 187.50 182.25 173.28 168.00 159.05 144.85 130.65
ITC 280.00 272.00 264.00 259.50 256.00 251.50 248.00 240.00 232.00
KOTAKBANK 1133.85 1104.70 1075.55 1063.95 1046.40 1034.80 1017.25 988.10 958.95
LT 1472.00 1415.00 1358.00 1333.95 1300.97 1276.90 1243.95 1186.95 1129.95
LUPIN 825.55 796.95 768.35 752.40 739.73 723.75 711.10 682.50 653.90
7 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Weekly Pivots
M&M 813.55 788.60 763.65 750.35 738.68 725.35 713.70 688.75 663.80
MARUTI 10284.70 9805.70 9326.70 9090.35 8847.67 8611.30 8368.65 7889.65 7410.65
NTPC 184.50 179.45 174.40 172.20 169.32 167.10 164.25 159.20 154.15
ONGC 193.60 188.50 183.40 180.60 178.30 175.50 173.20 168.10 163.00
POWERGRID 206.00 201.95 197.90 195.35 193.82 191.25 189.75 185.70 181.65
RELIANCE 983.05 952.30 921.55 901.60 890.78 870.80 860.00 829.25 798.50
SBIN 312.45 290.50 268.55 258.90 246.57 236.90 224.60 202.65 180.70
SUNPHARMA 561.20 540.95 520.70 508.90 500.45 488.65 480.20 459.95 439.70
TATAMOTORS 363.65 352.15 340.65 334.00 329.13 322.45 317.60 306.10 294.60
TATASTEEL 691.45 653.25 615.05 592.85 576.82 554.60 538.60 500.40 462.20
TCS 3115.65 3022.20 2928.75 2889.05 2835.30 2795.60 2741.85 2648.40 2554.95
TECHM 704.65 680.30 655.95 646.55 631.58 622.15 607.20 582.85 558.50
ULTRACEMCO 4415.30 4251.45 4087.60 4021.30 3923.75 3857.45 3759.90 3596.05 3432.20
UPL 866.55 819.40 772.25 750.55 725.08 703.35 677.90 630.75 583.60
VEDL 342.70 321.55 300.40 289.75 279.23 268.55 258.05 236.90 215.75
WIPRO 320.20 306.95 293.70 288.55 280.45 275.30 267.20 253.95 240.70
YESBANK 370.20 346.95 323.70 314.90 300.43 291.60 277.15 253.90 230.65
ZEEL 670.25 640.55 610.85 595.00 581.13 565.25 551.40 521.70 492.00
8 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
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: 10500.
Major Support Levels:- 10000.
Open Interest & price Analysis
BOSCHLTD 44.31% 4.34%
CHOLAFIN 39.11% 4.57%
APOLLOTYRE 32.50% 8.03%
AMBUJACEM 29.88% 2.42%
REPCOHOME 27.10% 2.44%
APOLLOHOSP -22.12% 5.52%
ENGINERSIN -17.24% 4.97%
ANDHRABANK -13.71% 4.00%
JUSTDIAL -11.88% 2.01%
ORIENTBANK -11.46% 2.18%
CUMMINSIND 213.90% -4.55%
RAMCOCEM 71.15% -1.80%
GRASIM 64.31% -2.95%
OIL 59.48% -7.53%
CANFINHOME 36.50% -4.30%
FORTIS -35.54% -14.01%
RCOM -3.84% -4.61%
- - -
- - -
- - -
9 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Last week started on positive note as index roared more than 100 points on the back of relief rally. However, mar-
kets remained under pressure on Wednesday, which was mainly on the back of a sharp overnight sell off seen in US
markets. FII DII activity remains contrast to each other as we have seen buying from DII in whole week while FII re-
main bearish in their approach. Nifty P/E ratio was in the range of 25.68 to 25.95 for the past week.
On Macroeconomic front; data like Federal Fiscal Deficit, Foreign Debt (USD), Bank Loan Growth, Deposit Growth
etc released last week but none of them created major impact on the market. For this week, important economic
data like Current Account (USD), Cash Reserve Ratio,
Interest Rate Decision coupled with the FII & DII activity will provide further direction to the market.
Technical Outlook
The concluding week of the financial year was bit of volatile as we saw massive recovery on Monday followed by a
gap up opening to retest the 10200 mark. However, markets remained under pressure on Wednesday, due to fu-
ture & options expiry. Eventually, Nifty concluded the financial year above the 10100 mark.
Continued …....
Nifty Analysis
R4 10836.65
R3 10603.90
R2 10371.15
R1 10261.55
PP 10138.40
S1 10028.80
S2 9905.65
S3 9672.90
S4 9440.15
10 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
For the coming week, 10230-10350 would be seen as a strong resistance zone; whereas, on the lower side,
10049 followed by 9951 would act as a crucial support zone. As long as Nifty remains within this range of 10230 -
9951, we expect the consolidation to continue but at current juncture any selling pressure below 10110 may
bring index towards 9960-9810 levels.
Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 10110 it can test the
level of Rs. 9960 & 9810 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs.
10210.
Nifty Analysis
ACTION SELL
ENTRY PRICE Below 10110
TARGET 9960/9810
STOP LOSS 10210
20 Days EMA NEGATIVE
50 Days EMA NEGATIVE
200 Days EMA POSITIVE
RSI NEGATIVE
MACD NEGATIVE
STOCHASTIC NEGATIVE
11 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
Nifty Bank Futures started the last week on positive note as most the PSU bank showed short covering on Mon-
day but for next couple of days it remained range bound. Bank Nifty managed to close the week on positive but
turning its move from 24700-24900 from where the long term moving averages are lying.
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 24300 it can test the
level of Rs. 24000 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 24500.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 27578.10
R3 26387.05
R2 25196.00
R1 24267.65
PP 24004.95
S1 23076.60
S2 22813.90
S3 21622.85
S4 20431.80
ACTION SELL
ENTRY PRICE Below 24300
TARGET 24000/23700
STOP LOSS 24500
12 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
Technical Outlook
Overall trend of the Stock is bullish for medium-long term .Currently stock is in some correction phase. For the
last couple of weeks stock was trading in a range. Now Stock has gave breakout of this range on upside with
good volumes on daily chart. Candle Pattern shows good strength in buying and it has also crossed its major
resistance levels of 800. Stock is trading above its important moving averages on daily chart.
For this week, traders can adopt buy on lower level strategy in it and above the level of 808 it can test the level
of Rs. 832 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 792.
MINDTREE Cash ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 832.00
R3 813.00
R2 794.00
R1 783.00
PP 775.00
S1 764.00
S2 756.00
S3 737.00
S4 718.00
ACTION BUY
ENTRY PRICE Above 808.00
TARGET 832.00
STOP LOSS 794.00
13 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
Technical Outlook
BAJAJELEC started the last week on positive note on Monday and showed a good positive rally which led stock
to close on positive note. On daily chart it showed a good consolidation on lower levels. Stock is trading above
its 21 & 50 days moving averages .On intraday chart stock is forming Inverse H&S price pattern and if it gave
breakout of this pattern than further upside move can be expected in the stock.
For this week, traders can adopt buy on lower level strategy in it and above the level of 582 it can test the level
of Rs. 598 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 570.
BAJAELEC Cash ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 706.55
R3 657.60
R2 608.65
R1 586.35
PP 559.70
S1 537.40
S2 510.75
S3 461.80
S4 412.85
ACTION BUY
ENTRY PRICE Above 582.00
TARGET 598.00
STOP LOSS 570.00
14 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
Technical Outlook
Last week voltas futures open in positive note and made high of 626 it moves in positive trend in entire week.
According to technical analysis voltas futures break importatnt resistance level of 625 and give closing above
this resistance level we can expect further upside movement in it above this level.
For next week trader can made long position in voltas futures above the level of 636 with the tgt of 649 and sl
of 629.
VOLTAS Futures ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 680.65
R3 660.55
R2 640.45
R1 632.20
PP 620.35
S1 612.10
S2 600.25
S3 580.15
S4 560.05
ACTION BUY
ENTRY PRICE Above 636.00
TARGET 649.00
STOP LOSS 629.00
15 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
Technical Outlook
Last week HDFC BANK open in negative note after that it moves in positive note in entire week and made high
of 1898.90. according to technical analysis hdfc bank give closing near the resistance level of 1900 we can ex-
pect upside movement in hdfcbank above the level of 1900. on the other hand on weekly chart bullish engulf-
ing pattern also indicate that upside movement in it
For next week traders can made long positions in hdfc bank above the level of 1916 with the tgt of 1955 and sl
of 1906.
HDFCBANK Futures ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 2075.60
R3 2009.55
R2 1943.50
R1 1916.95
PP 1877.45
S1 1850.90
S2 1811.40
S3 1745.35
S4 1679.30
ACTION BUY
ENTRY PRICE Above 1916.00
TARGET 1955.00
STOP LOSS 1906.00
16 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
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 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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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
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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.
Disclaimer
17 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018
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|
(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,
(फ) 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 |
(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 भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं है|
DISCLOSURE IN TERMS OF COMPENSATION ( ऺनतऩूनता के संदबा भें प्रकटीकयण):
High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of coverage.
Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd.
हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कं ऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है।
ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड के वेतन आधारयत स्थामी कभाचायी है |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के भाभरे भें प्रकटीकयण ) :
(a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months;
(अ) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने वऩिरे 12 भहीनों भें ववषम कं ऩनी से कोई भुआवजा प्राप्त नहीं ककमा है |
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report.
(ब) अनुसंधान रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कं ऩनी अफ मा कबी बी ग्राहक नहीं यही है।
(c ) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company;
(स) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने ववषम कं ऩनी के अधधकायी, ननदेशक मा कभाचायी के रूऩ भें कबी बी काभ
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Equity Research Report 02 April 2018 Ways2Capital

  • 1. HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED PHONE: 0731-6554125 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
  • 2. 2 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 CURRENCY MARKET UPDATE CURRENCY PAIR CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE MAJOR INDICES INDEX CLOSING AS ON 28rd Mar 18 WEEKLY CHANGES WEEKLY % CHANGE COMMODITY MARKET UPDATE COMMODITY CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE Market Wrap–Up Nifty 50 10113.70 -41.55 -0.41% Nifty 100 10478.4 -33.35 -0.32% Nifty 200 5499.35 -16.75 -0.30% Nifty 500 8912.1 -37 -0.41% Nifty VIX 15.76 0.65 4.30% Nifty Bank 24263.35 7.75 0.03% Nifty Auto 10821.35 -12.25 -0.11% Nifty Finance 10207.6 8.05 0.08% Nifty FMCG 26127.40 34.40 0.13% Nifty IT 12511.55 -97.3 -0.77% Nifty Media 3286.50 28.15 0.86% Nifty Metal 3512.55 -26.55 -0.75% Nifty Pharma 8358.05 -167.40 -1.96% Nifty PSU Banks 2878.5 16.15 0.56% Nifty PVT Bank 13687.90 269.55 2.00% Nifty Realty 314.8 -0.9 -0.29% USDINR 65.3600 65.2975 0.10% GBPINR 92.5250 92.2525 0.30% EURINR 81.1075 80.6675 0.55% JPYINR 61.7550 62.2300 -0.76% EURUSD 1.2360 1.2356 0.03% GBPUSD 1.4106 1.4164 -0.41% Dollar Index 89.81 89.03 0.88% Gold COMEX 1322.80 1349.90 -2.01% Gold MCX 30408 30907 -1.61% Crude Oil NYMEX 64.94 65.88 -1.43% Crude Oil MCX 4234 4266 -0.75% Brent Oil NYMEX 70.27 70.45 -0.26% Copper MCX 436.80 433.40 0.78% Natural Gas NYMEX 2.733 2.591 5.48%
  • 3. 3 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 WEEKLY GAINERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK HIGH WEEKLY LOSERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK LOW Market at a Glance COAL INDIA 283.50 4.54% 316.55 INDUSLND BANK 1795.60 3.70% 1818.00 BAJAJ FI- NANCE 1762.00 3.50% 1989.00 BOSCH 18136.65 3.22% 25245.20 HCL TECH 967.15 3.07% 1041.50 WIPRO 281.45 -4.77% 242.38 BHARTI AIRTEL 398.90 -4.71% 333.25 LUPIN 736.40 -4.09% 727.05 ICICI BANK 278.40 -3.87% 241.09 BAJAJ AUTO 2748.90 -3.67% 2695.00
  • 4. 4 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 ECONOMIC EVENTS CALENDER TIME CURRENY EVENT FORECAST PREVIOUS Economic Calendar Monday, April 2, 2018 All Day USD United Kingdom- Easter Monday Holiday 7:15 CNY Caixin Manufacturing PMI (Mar) - 51.60 19:30 USD ISM Manufacturing PMI (Mar) 60.00 60.80 Tuesday, April 3, 2018 14:00 GBP Manufacturing PMI (Mar) - 55.20 Wednesday, April 4, 2018 14:00 GBP Construction PMI (Mar) 50.50 51.40 17:45 USD ADP Nonfarm Employment Change (Mar) 205K 235K 19:30 USD ISM Non-Manufacturing PMI (Mar) 59.00 59.50 Thursday, April 5, 2018 All Day CNY China- Tomb Sweeping Day Holiday 14:30 INR Interest Rate Decision - 6.00% 15:00 GBP Services PMI (Mar) 53.30 54.50 Friday, April 6, 2018 All Day CNY China- Tomb Sweeping Day Holiday 18:00 USD Nonfarm Payrolls (Mar) 203K 313K 18:00 USD Unemployment Rate (Mar) 4.00% 4.10% 18:00 USD Building Permits (MoM)(Feb) - 5.90% 18:00 USD Housing Starts (MoM)(Feb) - 9.70% 18:45 USD Industrial Production (MoM)(Feb) 0.20% -0.10% 19:30 USD JOLTs Job Openings (Jan) 5.900M 5.811M
  • 5. 5 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots ADANIPORTS 413.90 395.55 377.20 366.60 358.82 348.20 340.45 322.10 303.75 AMBUJACEM 262.80 252.85 242.90 238.95 232.95 229.00 223.00 213.05 203.10 ASIANPAINT 1230.45 1193.45 1156.45 1137.85 1119.42 1100.80 1082.40 1045.40 1008.40 AUROPHARMA 612.10 594.10 576.10 569.20 558.10 551.20 540.10 522.10 504.10 AXISBANK 591.50 564.15 536.80 523.70 509.43 496.30 482.05 454.70 427.35 BAJAJ-AUTO 3180.30 3047.60 2914.90 2832.35 2782.18 2699.60 2649.45 2516.75 2384.05 BAJFINANCE 2088.30 1976.30 1864.30 1818.55 1752.27 1706.50 1640.25 1528.25 1416.25 BHARTIARTL 488.25 460.65 433.05 415.45 405.42 387.80 377.80 350.20 322.60 BOSCHLTD 21915.30 20597.05 19278.80 18739.40 17960.55 17421.15 16642.30 15324.05 14005.80 BPCL 502.55 475.05 447.55 437.60 420.05 410.10 392.55 365.05 337.55 CIPLA 590.85 574.80 558.75 552.40 542.67 536.30 526.60 510.55 494.50 COALINDIA 331.50 313.80 296.10 288.75 278.38 271.00 260.65 242.95 225.25 DRREDDY 2287.10 2218.40 2149.70 2111.65 2080.97 2042.90 2012.25 1943.55 1874.85 EICHERMOT 31366.20 30323.00 29279.80 28864.90 28236.57 27821.65 27193.35 26150.15 25106.95 GAIL 388.60 367.20 345.85 338.35 324.44 316.90 303.05 281.70 260.30 HCLTECH 1074.10 1037.50 1000.90 983.60 964.30 947.00 927.70 891.10 854.50
  • 6. 6 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots HDFC 1991.70 1931.95 1872.20 1846.60 1812.42 1786.80 1752.65 1692.90 1633.15 HDFCBANK 2074.00 2007.50 1941.00 1915.50 1874.50 1849.00 1808.00 1741.50 1675.00 HEROMOTOCO 4133.35 3919.85 3706.35 3620.20 3492.83 3406.65 3279.30 3065.80 2852.30 HINDALCO 262.50 245.80 229.10 222.20 212.40 205.50 195.70 179.00 162.30 HINDPETRO 414.30 389.00 363.70 353.25 338.37 327.90 313.05 287.75 262.45 HINDUNILVR 1450.50 1408.50 1366.50 1350.95 1324.47 1308.90 1282.45 1240.45 1198.45 IBULHSGFIN 1441.50 1372.30 1303.10 1270.80 1233.88 1201.55 1164.65 1095.45 1026.25 ICICIBANK 314.80 303.45 292.10 285.50 280.72 274.10 269.35 258.00 246.65 INDUSINDBK 1961.50 1902.70 1843.90 1821.95 1785.07 1763.10 1726.25 1667.45 1608.65 INFRATEL 384.65 369.00 353.35 344.30 337.67 328.60 322.00 306.35 290.70 INFY 1266.35 1225.70 1185.05 1162.55 1144.38 1121.85 1103.70 1063.05 1022.40 IOC 215.90 201.70 187.50 182.25 173.28 168.00 159.05 144.85 130.65 ITC 280.00 272.00 264.00 259.50 256.00 251.50 248.00 240.00 232.00 KOTAKBANK 1133.85 1104.70 1075.55 1063.95 1046.40 1034.80 1017.25 988.10 958.95 LT 1472.00 1415.00 1358.00 1333.95 1300.97 1276.90 1243.95 1186.95 1129.95 LUPIN 825.55 796.95 768.35 752.40 739.73 723.75 711.10 682.50 653.90
  • 7. 7 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Weekly Pivots M&M 813.55 788.60 763.65 750.35 738.68 725.35 713.70 688.75 663.80 MARUTI 10284.70 9805.70 9326.70 9090.35 8847.67 8611.30 8368.65 7889.65 7410.65 NTPC 184.50 179.45 174.40 172.20 169.32 167.10 164.25 159.20 154.15 ONGC 193.60 188.50 183.40 180.60 178.30 175.50 173.20 168.10 163.00 POWERGRID 206.00 201.95 197.90 195.35 193.82 191.25 189.75 185.70 181.65 RELIANCE 983.05 952.30 921.55 901.60 890.78 870.80 860.00 829.25 798.50 SBIN 312.45 290.50 268.55 258.90 246.57 236.90 224.60 202.65 180.70 SUNPHARMA 561.20 540.95 520.70 508.90 500.45 488.65 480.20 459.95 439.70 TATAMOTORS 363.65 352.15 340.65 334.00 329.13 322.45 317.60 306.10 294.60 TATASTEEL 691.45 653.25 615.05 592.85 576.82 554.60 538.60 500.40 462.20 TCS 3115.65 3022.20 2928.75 2889.05 2835.30 2795.60 2741.85 2648.40 2554.95 TECHM 704.65 680.30 655.95 646.55 631.58 622.15 607.20 582.85 558.50 ULTRACEMCO 4415.30 4251.45 4087.60 4021.30 3923.75 3857.45 3759.90 3596.05 3432.20 UPL 866.55 819.40 772.25 750.55 725.08 703.35 677.90 630.75 583.60 VEDL 342.70 321.55 300.40 289.75 279.23 268.55 258.05 236.90 215.75 WIPRO 320.20 306.95 293.70 288.55 280.45 275.30 267.20 253.95 240.70 YESBANK 370.20 346.95 323.70 314.90 300.43 291.60 277.15 253.90 230.65 ZEEL 670.25 640.55 610.85 595.00 581.13 565.25 551.40 521.70 492.00
  • 8. 8 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 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: 10500. Major Support Levels:- 10000. Open Interest & price Analysis BOSCHLTD 44.31% 4.34% CHOLAFIN 39.11% 4.57% APOLLOTYRE 32.50% 8.03% AMBUJACEM 29.88% 2.42% REPCOHOME 27.10% 2.44% APOLLOHOSP -22.12% 5.52% ENGINERSIN -17.24% 4.97% ANDHRABANK -13.71% 4.00% JUSTDIAL -11.88% 2.01% ORIENTBANK -11.46% 2.18% CUMMINSIND 213.90% -4.55% RAMCOCEM 71.15% -1.80% GRASIM 64.31% -2.95% OIL 59.48% -7.53% CANFINHOME 36.50% -4.30% FORTIS -35.54% -14.01% RCOM -3.84% -4.61% - - - - - - - - -
  • 9. 9 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 NIFTY WEEKLY PIVOTS PARTICULAR LEVEL Fundamental Outlook Last week started on positive note as index roared more than 100 points on the back of relief rally. However, mar- kets remained under pressure on Wednesday, which was mainly on the back of a sharp overnight sell off seen in US markets. FII DII activity remains contrast to each other as we have seen buying from DII in whole week while FII re- main bearish in their approach. Nifty P/E ratio was in the range of 25.68 to 25.95 for the past week. On Macroeconomic front; data like Federal Fiscal Deficit, Foreign Debt (USD), Bank Loan Growth, Deposit Growth etc released last week but none of them created major impact on the market. For this week, important economic data like Current Account (USD), Cash Reserve Ratio, Interest Rate Decision coupled with the FII & DII activity will provide further direction to the market. Technical Outlook The concluding week of the financial year was bit of volatile as we saw massive recovery on Monday followed by a gap up opening to retest the 10200 mark. However, markets remained under pressure on Wednesday, due to fu- ture & options expiry. Eventually, Nifty concluded the financial year above the 10100 mark. Continued ….... Nifty Analysis R4 10836.65 R3 10603.90 R2 10371.15 R1 10261.55 PP 10138.40 S1 10028.80 S2 9905.65 S3 9672.90 S4 9440.15
  • 10. 10 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 For the coming week, 10230-10350 would be seen as a strong resistance zone; whereas, on the lower side, 10049 followed by 9951 would act as a crucial support zone. As long as Nifty remains within this range of 10230 - 9951, we expect the consolidation to continue but at current juncture any selling pressure below 10110 may bring index towards 9960-9810 levels. Continued ….... TECHNICAL INDICATOR ANALYSIS INDICATOR CURRENT TREND WEEKLY STRATEGY PERTICULAR DETAILS For this week, traders can adopt sell on higher level strategy in it and below the level of 10110 it can test the level of Rs. 9960 & 9810 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 10210. Nifty Analysis ACTION SELL ENTRY PRICE Below 10110 TARGET 9960/9810 STOP LOSS 10210 20 Days EMA NEGATIVE 50 Days EMA NEGATIVE 200 Days EMA POSITIVE RSI NEGATIVE MACD NEGATIVE STOCHASTIC NEGATIVE
  • 11. 11 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 Nifty Bank Futures started the last week on positive note as most the PSU bank showed short covering on Mon- day but for next couple of days it remained range bound. Bank Nifty managed to close the week on positive but turning its move from 24700-24900 from where the long term moving averages are lying. WEEKLY STRATEGY PERTICULAR DETAILS For this week, traders can adopt sell on higher level strategy in it and below the level of 24300 it can test the level of Rs. 24000 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 24500. WEEKLY PIVOTS PARTICULAR LEVEL Bank Nifty Analysis R4 27578.10 R3 26387.05 R2 25196.00 R1 24267.65 PP 24004.95 S1 23076.60 S2 22813.90 S3 21622.85 S4 20431.80 ACTION SELL ENTRY PRICE Below 24300 TARGET 24000/23700 STOP LOSS 24500
  • 12. 12 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 Technical Outlook Overall trend of the Stock is bullish for medium-long term .Currently stock is in some correction phase. For the last couple of weeks stock was trading in a range. Now Stock has gave breakout of this range on upside with good volumes on daily chart. Candle Pattern shows good strength in buying and it has also crossed its major resistance levels of 800. Stock is trading above its important moving averages on daily chart. For this week, traders can adopt buy on lower level strategy in it and above the level of 808 it can test the level of Rs. 832 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 792. MINDTREE Cash ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 832.00 R3 813.00 R2 794.00 R1 783.00 PP 775.00 S1 764.00 S2 756.00 S3 737.00 S4 718.00 ACTION BUY ENTRY PRICE Above 808.00 TARGET 832.00 STOP LOSS 794.00
  • 13. 13 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 Technical Outlook BAJAJELEC started the last week on positive note on Monday and showed a good positive rally which led stock to close on positive note. On daily chart it showed a good consolidation on lower levels. Stock is trading above its 21 & 50 days moving averages .On intraday chart stock is forming Inverse H&S price pattern and if it gave breakout of this pattern than further upside move can be expected in the stock. For this week, traders can adopt buy on lower level strategy in it and above the level of 582 it can test the level of Rs. 598 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 570. BAJAELEC Cash ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 706.55 R3 657.60 R2 608.65 R1 586.35 PP 559.70 S1 537.40 S2 510.75 S3 461.80 S4 412.85 ACTION BUY ENTRY PRICE Above 582.00 TARGET 598.00 STOP LOSS 570.00
  • 14. 14 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 Technical Outlook Last week voltas futures open in positive note and made high of 626 it moves in positive trend in entire week. According to technical analysis voltas futures break importatnt resistance level of 625 and give closing above this resistance level we can expect further upside movement in it above this level. For next week trader can made long position in voltas futures above the level of 636 with the tgt of 649 and sl of 629. VOLTAS Futures ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 680.65 R3 660.55 R2 640.45 R1 632.20 PP 620.35 S1 612.10 S2 600.25 S3 580.15 S4 560.05 ACTION BUY ENTRY PRICE Above 636.00 TARGET 649.00 STOP LOSS 629.00
  • 15. 15 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 Technical Outlook Last week HDFC BANK open in negative note after that it moves in positive note in entire week and made high of 1898.90. according to technical analysis hdfc bank give closing near the resistance level of 1900 we can ex- pect upside movement in hdfcbank above the level of 1900. on the other hand on weekly chart bullish engulf- ing pattern also indicate that upside movement in it For next week traders can made long positions in hdfc bank above the level of 1916 with the tgt of 1955 and sl of 1906. HDFCBANK Futures ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 2075.60 R3 2009.55 R2 1943.50 R1 1916.95 PP 1877.45 S1 1850.90 S2 1811.40 S3 1745.35 S4 1679.30 ACTION BUY ENTRY PRICE Above 1916.00 TARGET 1955.00 STOP LOSS 1906.00
  • 16. 16 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 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 assess- ment 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 information, 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 accept 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. Disclaimer
  • 17. 17 Copyright © 2018 Ways2Capital. All rights reserved 02/04/2018 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| (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, (फ) 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 | (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 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