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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 16/04/2018
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 13th April 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10480.60 149.00 1.44%
Nifty 100 10879.35 129.00 1.20%
Nifty 200 5717.30 64.95 1.15%
Nifty 500 9267.65 95.60 1.04%
Nifty VIX 14.14 -0.61 -4.12%
Nifty Bank 25200.6 327.45 1.32%
Nifty Auto 11465.30 21.15 0.18%
Nifty Finance 10569.95 101.80 0.97%
Nifty FMCG 26982.90 177.00 0.66%
Nifty IT 13260.45 657.10 5.21%
Nifty Media 3349.80 -15.35 -0.46%
Nifty Metal 3725.45 121.40 3.37%
Nifty Pharma 8730.60 -41.80 -0.48%
Nifty PSU Banks 2941.2 -78.15 -2.59%
Nifty PVT Bank 14323.55 303.35 2.18%
Nifty Realty 300.9 -2.50 -0.82%
USDINR 65.290 65.090 0.31%
GBPINR 93.150 91.260 2.07%
EURINR 80.460 79.760 0.88%
JPYINR 60.660 60.710 -0.08%
EURUSD 1.230 1.230 0.00%
GBPUSD 1.430 1.412 1.25%
Dollar Index 89.80 90.11 -0.34%
Gold COMEX 1347.90 1336.10 0.88%
Gold MCX 31106 30502 1.98%
Crude Oil NYMEX 67.39 62.02 8.66%
Crude Oil MCX 4401 4186 5.14%
Brent Oil NYMEX 72.58 67.11 8.15%
Copper MCX 442.75 438.25 1.03%
Natural Gas MCX 179.10 175.80 1.88%
3 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
HINDALCO 237.70 11.02% 283.95
AXISBANK 541.90 8.23% 627.50
TECHM 667.70 8.00% 671.00
TCS 3151.00 6.82% 3254.80
EICHER 31433.00 5.50% 33483.95
BPCL 405.45 -6.60% 400.17
HINDPETRO 333.70 -5.73% 323.50
IOC 165.30 -5.27% 159.25
LUPIN 781.35 -3.51% 727.05
SBI 251.20 -3.31% 232.50
4 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, April 16, 2018
12:00 INR WPI Inflation (YoY) (Mar) 2.58% 2.48%
Tuesday, April 17, 2018
7:30 CNY Fixed Asset Investment (YoY) (Mar) 7.60% 7.90%
7:30 CNY GDP (YoY) (Q1) 6.70% 6.80%
7:30 CNY GDP (QoQ) (Q1) 1.50% 1.60%
7:30 CNY Industrial Production (YoY) (Mar) 6.20% 7.20%
7:30 CNY NBS Press Conference - -
14:00 GBP Average Earnings Index +Bonus (Feb) 3.00% 2.80%
14:00 GBP Claimant Count Change (Mar) 5.0K 9.2K
14:00 GBP Employment Change 3M/3M (MoM) 168.0K
14:00 GBP Unemployment Rate (Feb) 4.30% 4.30%
Wednesday, April 18, 2018
14:00 GBP CPI (MoM) (Mar) 0.30% 0.40%
14:00 GBP CPI (YoY) (Mar) 2.70% 2.70%
14:00 GBP PPI Input (MoM) (Mar) 0.40% -1.10%
Thursday, April 19, 2018
14:00 GBP Core Retail Sales (YoY) (Mar) 1.40% 1.10%
14:00 GBP Core Retail Sales (MoM) (Mar) -0.50% 0.60%
14:00 GBP Retail Sales (YoY) (Mar) 2.00% 1.50%
14:00 GBP Retail Sales (MoM) (Mar) -0.50% 0.80%
5 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
ADANIPORTS 441.10 419.85 398.60 385.45 377.35 364.20 356.10 334.85 313.60
ASIANPAINT 1271.35 1234.45 1197.55 1181.35 1160.65 1144.45 1123.75 1086.85 1049.95
AXISBANK 697.35 643.00 588.65 567.40 534.28 513.00 479.90 425.55 371.20
BAJAJ-AUTO 2937.80 2882.80 2827.80 2794.55 2772.77 2739.50 2717.75 2662.75 2607.75
BAJAJFINSV 6310.70 6018.30 5725.90 5573.45 5433.50 5281.05 5141.10 4848.70 4556.30
BAJFINANCE 2157.95 2081.60 2005.25 1966.40 1928.88 1890.00 1852.50 1776.15 1699.80
BHARTIARTL 430.80 414.50 398.20 389.30 381.88 372.95 365.55 349.25 332.95
BPCL 580.80 528.75 476.70 446.85 424.65 394.80 372.60 320.55 268.50
CIPLA 601.90 587.45 573.00 564.50 558.52 550.00 544.05 529.60 515.15
COALINDIA 316.75 304.50 292.25 286.75 279.98 274.45 267.70 255.45 243.20
DRREDDY 2326.55 2245.45 2164.35 2112.20 2083.23 2031.05 2002.10 1921.00 1839.90
EICHERMOT 36156.70 34306.70 32456.70 31563.35 30606.67 29713.30 28756.65 26906.65 25056.65
GAIL 367.70 354.45 341.20 333.60 327.95 320.35 314.70 301.45 288.20
GRASIM 1177.15 1142.35 1107.55 1085.90 1072.72 1051.05 1037.90 1003.10 968.30
HCLTECH 1219.55 1143.10 1066.65 1036.85 990.18 960.35 913.70 837.25 760.80
HDFC 1974.60 1925.55 1876.50 1852.25 1827.42 1803.15 1778.35 1729.30 1680.25
6 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
HDFCBANK 2037.30 1999.70 1962.10 1943.55 1924.47 1905.90 1886.85 1849.25 1811.65
HEROMOTOCO 4146.45 4012.45 3878.45 3807.90 3744.45 3673.90 3610.45 3476.45 3342.45
HINDALCO 300.30 276.45 252.60 242.85 228.75 219.00 204.90 181.05 157.20
HINDPETRO 478.00 433.25 388.50 362.25 343.73 317.45 298.95 254.20 209.45
HINDUNILVR 1559.00 1506.00 1453.00 1432.50 1400.00 1379.50 1347.00 1294.00 1241.00
IBULHSGFIN 1579.65 1497.65 1415.65 1367.30 1333.65 1285.30 1251.65 1169.65 1087.65
ICICIBANK 345.60 325.50 305.40 296.20 285.27 276.05 265.15 245.05 224.95
INDUSINDBK 1986.85 1941.15 1895.45 1873.30 1849.73 1827.55 1804.00 1758.30 1712.60
INFRATEL 389.60 373.25 356.90 348.95 340.52 332.55 324.15 307.80 291.45
INFY 1393.30 1312.80 1232.30 1198.20 1151.78 1117.65 1071.25 990.75 910.25
IOC 236.30 214.00 191.70 179.80 169.40 157.50 147.10 124.80 102.50
ITC 289.75 281.05 272.35 267.25 263.62 258.50 254.90 246.20 237.50
KOTAKBANK 1275.40 1228.35 1181.30 1158.50 1134.25 1111.45 1087.20 1040.15 993.10
LT 1485.90 1439.40 1392.90 1374.95 1346.40 1328.45 1299.90 1253.40 1206.90
LUPIN 926.35 880.15 833.95 803.50 787.73 757.25 741.50 695.30 649.10
M&M 865.30 838.20 811.10 799.55 783.97 772.40 756.85 729.75 702.65
7 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Weekly Pivots
MARUTI 9950.85 9707.10 9463.35 9332.90 9219.57 9089.10 8975.80 8732.05 8488.30
NTPC 182.60 178.25 173.90 171.70 169.52 167.30 165.15 160.80 156.45
ONGC 208.45 199.35 190.25 186.00 181.13 176.85 172.00 162.90 153.80
POWERGRID 207.10 203.65 200.20 198.30 196.75 194.85 193.30 189.85 186.40
RELIANCE 1014.60 985.45 956.30 941.70 927.12 912.50 897.95 868.80 839.65
SBIN 302.10 286.80 271.50 262.70 256.20 247.40 240.90 225.60 210.30
SUNPHARMA 561.20 545.65 530.10 521.70 514.52 506.10 498.95 483.40 467.85
TATAMOTORS 413.55 395.45 377.35 367.95 359.22 349.80 341.10 323.00 304.90
TATASTEEL 680.10 652.60 625.10 611.75 597.57 584.20 570.05 542.55 515.05
TCS 4074.70 3748.90 3423.10 3279.55 3097.27 2953.70 2771.45 2445.65 2119.85
TECHM 833.05 770.70 708.35 680.45 645.97 618.05 583.60 521.25 458.90
TITAN 1116.10 1068.35 1020.60 998.60 972.82 950.80 925.05 877.30 829.55
ULTRACEMCO 4238.45 4126.00 4013.55 3939.65 3901.07 3827.15 3788.60 3676.15 3563.70
UPL 827.40 801.95 776.50 761.95 751.03 736.45 725.55 700.10 674.65
VEDL 342.25 324.55 306.85 298.30 289.13 280.55 271.40 253.70 236.00
WIPRO 338.70 321.50 304.30 296.40 287.07 279.15 269.85 252.65 235.45
YESBANK 357.20 342.40 327.60 319.90 312.80 305.10 298.00 283.20 268.40
ZEEL 639.00 618.35 597.70 584.85 577.05 564.20 556.40 535.75 515.10
8 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
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 followed
by 10700
Major Support Levels:- 10200.
Open Interest & price Analysis
MINDTREE 58.08% 3.28%
PAFEIND 30.65% 5.80%
RAMCOCEM 28.13% 5.68%
NATIONALUM 26.05% 8.89%
IRB 18.67% 10.91%
TORNTPHARMA 0.45% -13.33%
CHENNPETRO 0.78% -9.68%
VOLTAS 1.16% -5.15%
KPIT 0.13% -5.10%
KSCL 1.37% -4.76%
MGL 315.22% -9.56%
BPCL 50.24% -6.34%
ADANIENT 45.83% -7.08%
SIEMENS 33.69% -4.36%
IOC 18.16% -5.28%
INFIBEAM -0.90% -2.94%
TV18BRADCST -0.81% -2.51%
HCC -1.97% -2.12%
ALBK -1.51% -1.29%
CASTROLIND -5.10% -0.76%
9 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
This has certainly been a good week of trade for our benchmark indices; in fact, the real action was seen in the
broader market that offered decent trading opportunities for market participants. The only disappointing thing was
Nifty could not hold on to its position above the 10500 mark due to strong profit booking in IT and some of the
banking conglomerates in the latter half.
On the Economic front, The RBI's macro numbers like inflation, CPI, WPI rates were among the major Economic
events in last week. Indian consumer prices rose 4.28 percent year-on-year in March of 2018, following a 4.44 per-
cent increase in February and compared with market expectations of 4.2 percent. It is the lowest inflation rate in
five months amid a slowdown in food cost. Nifty P/E ratio was in the range of 25.76 to 26.01 for the past week.
Technical Outlook
Last week Nifty future recovered and reclaims its 10500 mark with addition of fresh buying and short covering in
futures segment. On Nifty options front, maximum open interest concentration for April series is placed at 10500
call and 10200 put options. On daily charts Nifty has showed a fresh buying as it has crosses its major resistance lev-
els of 10500 and gave closing above these levels.
Continued …....
Nifty Analysis
R4 11157.00
R3 10921.25
R2 10685.50
R1 10604.75
PP 10449.75
S1 10369.00
S2 10214.00
S3 9978.25
S4 9742.50
10 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
Short term moving averages is also supporting to the bulls as index has managed to surpass its hurdle of 50 EMA
or 10400 levels on daily chart. We are expecting market may soon rally towards 10500-10650 levels. On the
downside, 10350 followed by 10400 would be seen as immediate support levels.
Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt buy strategy in it and above the level of 10530. It can test the level of Rs. 10650
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10450.
Nifty Analysis
Action BUY
Entry Price Above 10530
Target 10650
Stop Loss 10450
20 Days EMA POSITIVE
50 Days EMA POSITIVE
200 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE
11 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
Nifty Bank fut started the last week on positive note and it traded with positive sentiments for the whole week.
On Friday, Bank Nifty gave closing on positive note as bulls were active. We are expecting the index to move up
side inch closer towards 25400-25500 levels, where the major resistance is placed, while on downside 25000-
24900 will act as a strong support for the index
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt buy strategy in it and above the level of 25400. It can test the level of Rs. 25700
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 25200.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 26766.15
R3 26231.80
R2 25697.45
R1 25466.20
PP 25163.10
S1 24931.85
S2 24628.75
S3 24094.40
S4 23560.05
Action BUY
Entry Price Above 25400
Target 25700
Stop Loss 25200
12 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
Technical Outlook
Overall trend of the Stock is bullish for medium-long term .Currently stock is in some consolidation phase. Last
week stock started on positive not and traded with bullish movement throughout the week and gave closing
on positive note after giving breakout of its major resistance levels if 1300. Its bullish trend is supported by im-
portant moving averages on daily chart. Candle Pattern shows good strength in buying. MACD Histogram is
placed at 23.04 giving buying signals.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1330 it can test the level
of Rs. 1380 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1298.
CONCOR Cash ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
Action BUY
Entry Price Above 1330
Target 1380.00
Stop Loss 1298.00
R4 1470.05
R3 1409.60
R2 1349.15
R1 1324.05
PP 1288.70
S1 1263.60
S2 1228.25
S3 1167.80
S4 1107.35
13 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
Technical Outlook
BOMDYEING started the last week on positive note and showed good positive rally on upside. Meanwhile in
other trading session’s stock remained in consolidation phase. On daily chart it showed a good consolidation
on higher levels. On intraday chart stock has showed good positive movement. Stock is trading above its 21, 50
& 100 days moving averages. MACD Histogram is firmly placed at 3.36 and giving buying signals.
For this week, traders can adopt buy on lower level strategy in it and above the level of 262 it can test the level
of Rs. 272 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 257.
BOMDYING Cash ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 304.20
R3 287.60
R2 271.00
R1 260.40
PP 254.4
S1 243.80
S2 237.80
S3 221.20
S4 204.60
Action BUY
Entry Price Above 262
Target 272.00
Stop Loss 257.00
14 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
Technical Outlook
Last week yes bank open in positive note but after that its move in negative trend in entire week and made low
of 306.65 we can expect further downside movement in it
According to technical analysis YesBank able to break support level of 310 but gives closing above this level at
310.65.
For next week traders can made short positions in YesBank below the level of 307.50 for the the tgt of 301 and
sl of 312.50
YESBANK Futures ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
Action SELL
Entry Price Below 307.50
Target 301.00
Stop Loss 312.50
R4 356.30
R3 341.50
R2 326.70
R1 318.10
PP 311.9
S1 303.30
S2 297.10
S3 282.30
S4 267.50
15 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
Technical Outlook
Last week indiacem open in negative trend but after it gives positive movement from here and made high of
155.45 . According to technical analysis indiacem futures break major resistance level of 150 but unable to give
closing above this level. we can made long positions in indiacem above this resistance level.
For next week traders can make long position in indiacem futures above 150.40 for the tgt of 156 and sl of
148.
INDIACEM Futures ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 177.80
R3 168.10
R2 158.40
R1 152.30
PP 148.7
S1 142.60
S2 139.00
S3 129.30
S4 119.60
Action BUY
Entry Price Above 150.40
Target 156.00
Stop Loss 148.00
16 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018
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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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 16/04/2018
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 16 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 16/04/2018 CURRENCY MARKET UPDATE CURRENCY PAIR CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE MAJOR INDICES INDEX CLOSING AS ON 13th April 18 WEEKLY CHANGES WEEKLY % CHANGE COMMODITY MARKET UPDATE COMMODITY CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE Market Wrap–Up Nifty 10480.60 149.00 1.44% Nifty 100 10879.35 129.00 1.20% Nifty 200 5717.30 64.95 1.15% Nifty 500 9267.65 95.60 1.04% Nifty VIX 14.14 -0.61 -4.12% Nifty Bank 25200.6 327.45 1.32% Nifty Auto 11465.30 21.15 0.18% Nifty Finance 10569.95 101.80 0.97% Nifty FMCG 26982.90 177.00 0.66% Nifty IT 13260.45 657.10 5.21% Nifty Media 3349.80 -15.35 -0.46% Nifty Metal 3725.45 121.40 3.37% Nifty Pharma 8730.60 -41.80 -0.48% Nifty PSU Banks 2941.2 -78.15 -2.59% Nifty PVT Bank 14323.55 303.35 2.18% Nifty Realty 300.9 -2.50 -0.82% USDINR 65.290 65.090 0.31% GBPINR 93.150 91.260 2.07% EURINR 80.460 79.760 0.88% JPYINR 60.660 60.710 -0.08% EURUSD 1.230 1.230 0.00% GBPUSD 1.430 1.412 1.25% Dollar Index 89.80 90.11 -0.34% Gold COMEX 1347.90 1336.10 0.88% Gold MCX 31106 30502 1.98% Crude Oil NYMEX 67.39 62.02 8.66% Crude Oil MCX 4401 4186 5.14% Brent Oil NYMEX 72.58 67.11 8.15% Copper MCX 442.75 438.25 1.03% Natural Gas MCX 179.10 175.80 1.88%
  • 3. 3 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 WEEKLY GAINERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK HIGH WEEKLY LOSERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK LOW Market at a Glance HINDALCO 237.70 11.02% 283.95 AXISBANK 541.90 8.23% 627.50 TECHM 667.70 8.00% 671.00 TCS 3151.00 6.82% 3254.80 EICHER 31433.00 5.50% 33483.95 BPCL 405.45 -6.60% 400.17 HINDPETRO 333.70 -5.73% 323.50 IOC 165.30 -5.27% 159.25 LUPIN 781.35 -3.51% 727.05 SBI 251.20 -3.31% 232.50
  • 4. 4 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 ECONOMIC EVENTS CALENDER TIME CURRENY EVENT FORECAST PREVIOUS Economic Calendar Monday, April 16, 2018 12:00 INR WPI Inflation (YoY) (Mar) 2.58% 2.48% Tuesday, April 17, 2018 7:30 CNY Fixed Asset Investment (YoY) (Mar) 7.60% 7.90% 7:30 CNY GDP (YoY) (Q1) 6.70% 6.80% 7:30 CNY GDP (QoQ) (Q1) 1.50% 1.60% 7:30 CNY Industrial Production (YoY) (Mar) 6.20% 7.20% 7:30 CNY NBS Press Conference - - 14:00 GBP Average Earnings Index +Bonus (Feb) 3.00% 2.80% 14:00 GBP Claimant Count Change (Mar) 5.0K 9.2K 14:00 GBP Employment Change 3M/3M (MoM) 168.0K 14:00 GBP Unemployment Rate (Feb) 4.30% 4.30% Wednesday, April 18, 2018 14:00 GBP CPI (MoM) (Mar) 0.30% 0.40% 14:00 GBP CPI (YoY) (Mar) 2.70% 2.70% 14:00 GBP PPI Input (MoM) (Mar) 0.40% -1.10% Thursday, April 19, 2018 14:00 GBP Core Retail Sales (YoY) (Mar) 1.40% 1.10% 14:00 GBP Core Retail Sales (MoM) (Mar) -0.50% 0.60% 14:00 GBP Retail Sales (YoY) (Mar) 2.00% 1.50% 14:00 GBP Retail Sales (MoM) (Mar) -0.50% 0.80%
  • 5. 5 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots ADANIPORTS 441.10 419.85 398.60 385.45 377.35 364.20 356.10 334.85 313.60 ASIANPAINT 1271.35 1234.45 1197.55 1181.35 1160.65 1144.45 1123.75 1086.85 1049.95 AXISBANK 697.35 643.00 588.65 567.40 534.28 513.00 479.90 425.55 371.20 BAJAJ-AUTO 2937.80 2882.80 2827.80 2794.55 2772.77 2739.50 2717.75 2662.75 2607.75 BAJAJFINSV 6310.70 6018.30 5725.90 5573.45 5433.50 5281.05 5141.10 4848.70 4556.30 BAJFINANCE 2157.95 2081.60 2005.25 1966.40 1928.88 1890.00 1852.50 1776.15 1699.80 BHARTIARTL 430.80 414.50 398.20 389.30 381.88 372.95 365.55 349.25 332.95 BPCL 580.80 528.75 476.70 446.85 424.65 394.80 372.60 320.55 268.50 CIPLA 601.90 587.45 573.00 564.50 558.52 550.00 544.05 529.60 515.15 COALINDIA 316.75 304.50 292.25 286.75 279.98 274.45 267.70 255.45 243.20 DRREDDY 2326.55 2245.45 2164.35 2112.20 2083.23 2031.05 2002.10 1921.00 1839.90 EICHERMOT 36156.70 34306.70 32456.70 31563.35 30606.67 29713.30 28756.65 26906.65 25056.65 GAIL 367.70 354.45 341.20 333.60 327.95 320.35 314.70 301.45 288.20 GRASIM 1177.15 1142.35 1107.55 1085.90 1072.72 1051.05 1037.90 1003.10 968.30 HCLTECH 1219.55 1143.10 1066.65 1036.85 990.18 960.35 913.70 837.25 760.80 HDFC 1974.60 1925.55 1876.50 1852.25 1827.42 1803.15 1778.35 1729.30 1680.25
  • 6. 6 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots HDFCBANK 2037.30 1999.70 1962.10 1943.55 1924.47 1905.90 1886.85 1849.25 1811.65 HEROMOTOCO 4146.45 4012.45 3878.45 3807.90 3744.45 3673.90 3610.45 3476.45 3342.45 HINDALCO 300.30 276.45 252.60 242.85 228.75 219.00 204.90 181.05 157.20 HINDPETRO 478.00 433.25 388.50 362.25 343.73 317.45 298.95 254.20 209.45 HINDUNILVR 1559.00 1506.00 1453.00 1432.50 1400.00 1379.50 1347.00 1294.00 1241.00 IBULHSGFIN 1579.65 1497.65 1415.65 1367.30 1333.65 1285.30 1251.65 1169.65 1087.65 ICICIBANK 345.60 325.50 305.40 296.20 285.27 276.05 265.15 245.05 224.95 INDUSINDBK 1986.85 1941.15 1895.45 1873.30 1849.73 1827.55 1804.00 1758.30 1712.60 INFRATEL 389.60 373.25 356.90 348.95 340.52 332.55 324.15 307.80 291.45 INFY 1393.30 1312.80 1232.30 1198.20 1151.78 1117.65 1071.25 990.75 910.25 IOC 236.30 214.00 191.70 179.80 169.40 157.50 147.10 124.80 102.50 ITC 289.75 281.05 272.35 267.25 263.62 258.50 254.90 246.20 237.50 KOTAKBANK 1275.40 1228.35 1181.30 1158.50 1134.25 1111.45 1087.20 1040.15 993.10 LT 1485.90 1439.40 1392.90 1374.95 1346.40 1328.45 1299.90 1253.40 1206.90 LUPIN 926.35 880.15 833.95 803.50 787.73 757.25 741.50 695.30 649.10 M&M 865.30 838.20 811.10 799.55 783.97 772.40 756.85 729.75 702.65
  • 7. 7 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Weekly Pivots MARUTI 9950.85 9707.10 9463.35 9332.90 9219.57 9089.10 8975.80 8732.05 8488.30 NTPC 182.60 178.25 173.90 171.70 169.52 167.30 165.15 160.80 156.45 ONGC 208.45 199.35 190.25 186.00 181.13 176.85 172.00 162.90 153.80 POWERGRID 207.10 203.65 200.20 198.30 196.75 194.85 193.30 189.85 186.40 RELIANCE 1014.60 985.45 956.30 941.70 927.12 912.50 897.95 868.80 839.65 SBIN 302.10 286.80 271.50 262.70 256.20 247.40 240.90 225.60 210.30 SUNPHARMA 561.20 545.65 530.10 521.70 514.52 506.10 498.95 483.40 467.85 TATAMOTORS 413.55 395.45 377.35 367.95 359.22 349.80 341.10 323.00 304.90 TATASTEEL 680.10 652.60 625.10 611.75 597.57 584.20 570.05 542.55 515.05 TCS 4074.70 3748.90 3423.10 3279.55 3097.27 2953.70 2771.45 2445.65 2119.85 TECHM 833.05 770.70 708.35 680.45 645.97 618.05 583.60 521.25 458.90 TITAN 1116.10 1068.35 1020.60 998.60 972.82 950.80 925.05 877.30 829.55 ULTRACEMCO 4238.45 4126.00 4013.55 3939.65 3901.07 3827.15 3788.60 3676.15 3563.70 UPL 827.40 801.95 776.50 761.95 751.03 736.45 725.55 700.10 674.65 VEDL 342.25 324.55 306.85 298.30 289.13 280.55 271.40 253.70 236.00 WIPRO 338.70 321.50 304.30 296.40 287.07 279.15 269.85 252.65 235.45 YESBANK 357.20 342.40 327.60 319.90 312.80 305.10 298.00 283.20 268.40 ZEEL 639.00 618.35 597.70 584.85 577.05 564.20 556.40 535.75 515.10
  • 8. 8 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 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 followed by 10700 Major Support Levels:- 10200. Open Interest & price Analysis MINDTREE 58.08% 3.28% PAFEIND 30.65% 5.80% RAMCOCEM 28.13% 5.68% NATIONALUM 26.05% 8.89% IRB 18.67% 10.91% TORNTPHARMA 0.45% -13.33% CHENNPETRO 0.78% -9.68% VOLTAS 1.16% -5.15% KPIT 0.13% -5.10% KSCL 1.37% -4.76% MGL 315.22% -9.56% BPCL 50.24% -6.34% ADANIENT 45.83% -7.08% SIEMENS 33.69% -4.36% IOC 18.16% -5.28% INFIBEAM -0.90% -2.94% TV18BRADCST -0.81% -2.51% HCC -1.97% -2.12% ALBK -1.51% -1.29% CASTROLIND -5.10% -0.76%
  • 9. 9 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 NIFTY WEEKLY PIVOTS PARTICULAR LEVEL Fundamental Outlook This has certainly been a good week of trade for our benchmark indices; in fact, the real action was seen in the broader market that offered decent trading opportunities for market participants. The only disappointing thing was Nifty could not hold on to its position above the 10500 mark due to strong profit booking in IT and some of the banking conglomerates in the latter half. On the Economic front, The RBI's macro numbers like inflation, CPI, WPI rates were among the major Economic events in last week. Indian consumer prices rose 4.28 percent year-on-year in March of 2018, following a 4.44 per- cent increase in February and compared with market expectations of 4.2 percent. It is the lowest inflation rate in five months amid a slowdown in food cost. Nifty P/E ratio was in the range of 25.76 to 26.01 for the past week. Technical Outlook Last week Nifty future recovered and reclaims its 10500 mark with addition of fresh buying and short covering in futures segment. On Nifty options front, maximum open interest concentration for April series is placed at 10500 call and 10200 put options. On daily charts Nifty has showed a fresh buying as it has crosses its major resistance lev- els of 10500 and gave closing above these levels. Continued ….... Nifty Analysis R4 11157.00 R3 10921.25 R2 10685.50 R1 10604.75 PP 10449.75 S1 10369.00 S2 10214.00 S3 9978.25 S4 9742.50
  • 10. 10 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 Short term moving averages is also supporting to the bulls as index has managed to surpass its hurdle of 50 EMA or 10400 levels on daily chart. We are expecting market may soon rally towards 10500-10650 levels. On the downside, 10350 followed by 10400 would be seen as immediate support levels. Continued ….... TECHNICAL INDICATOR ANALYSIS INDICATOR CURRENT TREND WEEKLY STRATEGY PERTICULAR DETAILS For this week, traders can adopt buy strategy in it and above the level of 10530. It can test the level of Rs. 10650 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10450. Nifty Analysis Action BUY Entry Price Above 10530 Target 10650 Stop Loss 10450 20 Days EMA POSITIVE 50 Days EMA POSITIVE 200 Days EMA POSITIVE RSI POSITIVE MACD POSITIVE STOCHASTIC POSITIVE
  • 11. 11 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 Nifty Bank fut started the last week on positive note and it traded with positive sentiments for the whole week. On Friday, Bank Nifty gave closing on positive note as bulls were active. We are expecting the index to move up side inch closer towards 25400-25500 levels, where the major resistance is placed, while on downside 25000- 24900 will act as a strong support for the index WEEKLY STRATEGY PERTICULAR DETAILS For this week, traders can adopt buy strategy in it and above the level of 25400. It can test the level of Rs. 25700 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 25200. WEEKLY PIVOTS PARTICULAR LEVEL Bank Nifty Analysis R4 26766.15 R3 26231.80 R2 25697.45 R1 25466.20 PP 25163.10 S1 24931.85 S2 24628.75 S3 24094.40 S4 23560.05 Action BUY Entry Price Above 25400 Target 25700 Stop Loss 25200
  • 12. 12 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 Technical Outlook Overall trend of the Stock is bullish for medium-long term .Currently stock is in some consolidation phase. Last week stock started on positive not and traded with bullish movement throughout the week and gave closing on positive note after giving breakout of its major resistance levels if 1300. Its bullish trend is supported by im- portant moving averages on daily chart. Candle Pattern shows good strength in buying. MACD Histogram is placed at 23.04 giving buying signals. For this week, traders can adopt buy on lower level strategy in it and above the level of 1330 it can test the level of Rs. 1380 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1298. CONCOR Cash ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL Action BUY Entry Price Above 1330 Target 1380.00 Stop Loss 1298.00 R4 1470.05 R3 1409.60 R2 1349.15 R1 1324.05 PP 1288.70 S1 1263.60 S2 1228.25 S3 1167.80 S4 1107.35
  • 13. 13 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 Technical Outlook BOMDYEING started the last week on positive note and showed good positive rally on upside. Meanwhile in other trading session’s stock remained in consolidation phase. On daily chart it showed a good consolidation on higher levels. On intraday chart stock has showed good positive movement. Stock is trading above its 21, 50 & 100 days moving averages. MACD Histogram is firmly placed at 3.36 and giving buying signals. For this week, traders can adopt buy on lower level strategy in it and above the level of 262 it can test the level of Rs. 272 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 257. BOMDYING Cash ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 304.20 R3 287.60 R2 271.00 R1 260.40 PP 254.4 S1 243.80 S2 237.80 S3 221.20 S4 204.60 Action BUY Entry Price Above 262 Target 272.00 Stop Loss 257.00
  • 14. 14 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 Technical Outlook Last week yes bank open in positive note but after that its move in negative trend in entire week and made low of 306.65 we can expect further downside movement in it According to technical analysis YesBank able to break support level of 310 but gives closing above this level at 310.65. For next week traders can made short positions in YesBank below the level of 307.50 for the the tgt of 301 and sl of 312.50 YESBANK Futures ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL Action SELL Entry Price Below 307.50 Target 301.00 Stop Loss 312.50 R4 356.30 R3 341.50 R2 326.70 R1 318.10 PP 311.9 S1 303.30 S2 297.10 S3 282.30 S4 267.50
  • 15. 15 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 Technical Outlook Last week indiacem open in negative trend but after it gives positive movement from here and made high of 155.45 . According to technical analysis indiacem futures break major resistance level of 150 but unable to give closing above this level. we can made long positions in indiacem above this resistance level. For next week traders can make long position in indiacem futures above 150.40 for the tgt of 156 and sl of 148. INDIACEM Futures ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 177.80 R3 168.10 R2 158.40 R1 152.30 PP 148.7 S1 142.60 S2 139.00 S3 129.30 S4 119.60 Action BUY Entry Price Above 150.40 Target 156.00 Stop Loss 148.00
  • 16. 16 Copyright © 2018 Ways2Capital. All rights reserved 16/04/2018 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 16/04/2018 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