Equity Research Report 18 December 2018 Ways2Capital

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CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 14th DEC 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10805.45 111.75 1.05%
Nifty Bank 26826.00 231.70 0.87%
Nifty IT 14851.40 188.50 1.29%
Nifty Pharma 8726.40 43.80 0.50%
Nifty Finance 11327.60 11.15 0.10%
Nifty VIX 15.16 -3.43 -18.46%
Nifty 500 9091.30 150.65 1.69%
Nifty 100 11040.30 146.20 1.34%
Nifty FMCG 30371.50 697.85 2.35%
Nifty Energy 14072.05 58.40 0.42%
Nifty Realty 237.20 6.75 2.93%
Nifty PSU Banks 2979.65 154.95 5.49%
Nifty Auto 9271.50 401.70 4.53%
Nifty Metal 3112.35 41.15 1.34%
Nifty 200 5712.60 87.35 1.55%
Nifty Media 2562.55 65.00 2.60%
USDINR 72.0600 70.9025 1.63%
GBPINR 90.7400 90.5650 0.19%
EURINR 81.5475 80.7825 0.95%
JPYINR 63.5750 63.0025 0.91%
EURUSD 1.1290 1.1410 -1.05%
GBPUSD 1.2556 1.2785 -1.79%
Dollar Index 97.45 96.47 1.02%
Gold COMEX 1242.30 1252.60 -0.82%
Gold MCX 31437 31595 -0.50%
Crude Oil NYMEX 51.23 52.61 -2.62%
Crude Oil MCX 3690 3849 -4.13%
Brent Oil NYMEX 60.30 59.19 1.88%
Copper MCX 441.70 438.45 0.74%
Natural Gas NYMEX 3.788 4.488 -15.60%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
IBULHSGFIN 792.80 10.27% 1439.40
IOC 141.45 9.19% 213.80
YESBANK 180.35 8.58% 404.00
HEROMO-
TOCO
3313.50 8.14% 3862.00
EICHERMOT 23630.00 5.96% 32209.50
DRREDDY 2591.60 -3.43% 1888.00
JSWSTEEL 293.45 -2.88% 237.90
HDFC 1904.15 -2.46% 1646.00
KOTAKBANK 1255.25 -2.11% 992.50
RELIANCE 1111.75 -1.90% 861.70

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Tuesday, December 18, 2018
19:00 USD Building Permits (Nov) 1.260M 1.265M
Wednesday, December 19, 2018
15:00 GBP CPI (YoY) (Nov) 2.30% 2.40%
20:30 USD Existing Home Sales (Nov) 5.20M 5.22M
21:00 USD Crude Oil Inventories -2.990M -1.208M
Thursday, December 20, 2018
0:30 USD FOMC Economic Projections - -
0:30 USD FOMC Statement - -
0:30 USD Fed Interest Rate Decision 2.50% 2.25%
1:00 USD FOMC Press Conference - -
15:00 GBP Retail Sales (MoM) (Nov) 0.30% -0.50%
17:30 GBP BoE Interest Rate Decision (Dec) - 0.75%
19:00 USD Philadelphia Fed Manufacturing Index (Dec) 15 12.9
Friday, December 21, 2018
15:00 GBP GDP (QoQ) (Q3) 0.60% 0.60%
15:00 GBP GDP (YoY) (Q3) 1.50% 1.50%
Tentative USD Fed Chair Powell Testifies - -
19:00 USD Core Durable Goods Orders (MoM) (Nov) 0.30% 0.20%
19:00 USD GDP (QoQ) (Q3) 3.50% 3.50%

Continued .......
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 387.70 379.80 371.90 370.40 364.00 362.50 356.10 348.20 340.30
ASIANPAINT 1434.40 1390.45 1346.50 1342.75 1302.52 1298.75 1258.55 1214.60 1170.65
AXISBANK 651.00 634.80 618.60 619.45 602.37 603.20 586.15 569.95 553.75
BAJAJ-AUTO 2961.90 2894.75 2827.60 2818.05 2760.42 2750.85 2693.25 2626.10 2558.95
BAJAJFINSV 6379.05 6203.05 6027.05 6090.10 5851.03 5914.05 5675.00 5499.00 5323.00
BAJFINANCE 2621.85 2560.30 2498.75 2492.05 2437.20 2430.50 2375.65 2314.10 2252.55
BHARTIARTL 336.25 325.45 314.65 316.85 303.83 306.00 293.00 282.20 271.40
BPCL 377.45 362.15 346.85 345.90 331.55 330.60 316.25 300.95 285.65
CIPLA 548.60 536.85 525.10 523.60 513.33 511.80 501.55 489.80 478.05
COALINDIA 271.45 260.70 249.95 250.00 239.17 239.20 228.40 217.65 206.90
DRREDDY 2891.50 2807.60 2723.70 2656.45 2639.77 2572.50 2555.85 2471.95 2388.05
EICHERMOT 24926.00 24191.20 23456.40 23578.20 22721.60 22843.40 21986.80 21252.00 20517.20
GAIL 368.60 358.75 348.90 350.10 339.05 340.25 329.20 319.35 309.50
GRASIM 861.00 842.80 824.60 834.75 806.37 816.50 788.15 769.95 751.75
HCLTECH 1056.80 1023.20 989.60 974.85 955.97 941.20 922.35 888.75 855.15
HDFC 2032.90 1994.25 1955.60 1932.60 1916.92 1893.90 1878.25 1839.60 1800.95

Continued .......
Weekly Pivots
HDFCBANK 2309.15 2243.10 2177.05 2146.05 2110.98 2079.95 2044.90 1978.85 1912.80
HEROMOTOCO 3328.70 3236.50 3144.30 3105.15 3052.10 3012.95 2959.90 2867.70 2775.50
HINDALCO 294.55 270.95 247.35 233.20 223.73 209.55 200.10 176.50 152.90
HINDPETRO 256.15 246.25 236.35 230.80 226.43 220.85 216.50 206.60 196.70
HINDUNILVR 2129.60 2022.85 1916.10 1870.65 1809.33 1763.85 1702.55 1595.80 1489.05
IBULHSGFIN 1078.90 968.40 857.90 787.30 747.38 676.75 636.85 526.35 415.85
ICICIBANK 398.50 382.75 367.00 359.15 351.25 343.40 335.50 319.75 304.00
INDUSINDBK 1980.25 1849.45 1718.65 1644.65 1587.85 1513.85 1457.05 1326.25 1195.45
INFRATEL 279.90 271.50 263.10 257.85 254.70 249.45 246.30 237.90 229.50
INFY 749.05 725.35 701.65 691.35 677.93 667.60 654.20 630.50 606.80
IOC 160.80 151.30 141.80 135.90 132.30 126.40 122.80 113.30 103.80
ITC 332.45 314.45 296.45 285.35 278.42 267.30 260.40 242.40 224.40
KOTAKBANK 399.30 368.50 337.70 319.60 306.88 288.75 276.05 245.25 214.45
LT 1791.65 1616.85 1442.05 1363.30 1267.22 1188.45 1092.40 917.60 742.80
LUPIN 1607.70 1539.80 1471.90 1435.95 1404.00 1368.05 1336.10 1268.20 1200.30
M&M 1025.35 931.05 836.75 778.40 742.43 684.05 648.10 553.80 459.50

Weekly Pivots
MARUTI 8088.70 7863.70 7638.70 7657.35 7413.67 7432.30 7188.65 6963.65 6738.65
NTPC 152.90 148.35 143.80 143.80 139.25 139.25 134.70 130.15 125.60
ONGC 159.20 153.10 147.00 146.65 140.88 140.50 134.75 128.65 122.55
POWERGRID 198.65 192.90 187.15 186.15 181.38 180.35 175.60 169.85 164.10
RELIANCE 1196.10 1164.90 1133.70 1121.85 1102.47 1090.60 1071.25 1040.05 1008.85
SBIN 297.20 290.95 284.70 286.70 278.42 280.40 272.15 265.90 259.65
SUNPHARMA 445.55 433.35 421.15 420.80 408.92 408.55 396.70 384.50 372.30
TATAMOTORS 173.35 169.35 165.35 166.20 161.33 162.15 157.30 153.30 149.30
TATASTEEL 544.20 531.70 519.20 516.35 506.67 503.80 494.15 481.65 469.15
TCS 2139.70 2088.70 2037.70 2013.35 1986.67 1962.30 1935.65 1884.65 1833.65
TECHM 773.55 748.60 723.65 717.35 698.68 692.35 673.70 648.75 623.80
TITAN 968.20 950.20 932.20 930.40 914.20 912.40 896.20 878.20 860.20
ULTRACEMCO 4235.05 4116.75 3998.45 3998.50 3880.13 3880.15 3761.80 3643.50 3525.20
UPL 810.45 791.90 773.35 769.65 754.78 751.05 736.20 717.65 699.10
VEDL 212.30 206.85 201.40 201.65 195.92 196.15 190.45 185.00 179.55
WIPRO 366.40 355.00 343.60 339.30 332.20 327.90 320.80 309.40 298.00
YESBANK 198.25 188.75 179.25 179.50 169.73 169.95 160.20 150.70 141.20
ZEEL 505.35 495.05 484.75 485.15 474.45 474.85 464.15 453.85 443.55

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: 10500 followed 10000
Open Interest & Price Analysis
COLPAL 37.79% 6.22%
TVSMOTOR 36.72% 5.15%
M&MFIN 20.39% 8.52%
KSCL 19.29% 9.98%
SRF 17.02% 3.41%
COALINDIA -21.03% 4.11%
HEXAWARE -18.18% 4.32%
AMARAJABAT -18.08% 4.26%
NTPC -16.13% 3.94%
L&TFH -15.25% 6.09%
- - -
- - -
- - -
- - -
- - -
RELINFRA 45.67% -4.96%
JETAIRWAYS 35.43% -5.74%
DRREDDY 15.12% -3.52%
AUROPHARMA 13.23% -3.38%
- - -

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Last week our Indian Equity market opened on a gap down not on Monday backed by most of the exit polls results indicating
possible defeat of BJP in key states. It remained in pressure till 1st session of the Tuesday where after state assembly results
came out in favor of congress. Which lifted the sentiments of the market and it recovered from lower levels and it remained
bullish for next couple of trading sessions. Benchmark indices closed range bound session on a flat note Friday despite weak-
ness in global peers due to growth concerns in world's largest economy China. Overall it was a consolidation day after the rally
seen in previous three consecutive sessions. After seeing last week's price action it seems like market was buoyant by come-
back of Congress in MP , CG and Rajasthan. Market has also discounted elections results and RBI governor news (resignation of
Mr. Urjit Patel). Further market could continue to get supported by stable oil prices and rupee with rate cut hope. On the global
front, growth concerns in Chinese economy dragged Asian and European markets to a negative terrain. China's Shanghai Com-
posite, Hong Kong's Hang Seng, Japan's Nikkei and South Korea's Kospi closed lower by 1-2 percent after Chinese economic
data missed expectations which raised worries about headwinds facing the economy.
Technical Outlook
Last week nifty index started on negative note on Monday but good recovery was seen in remaining trading sessions of the
week as index hits weekly high of 10,882.20 in Thursday's trading session and after some sideways movement on Friday's ses-
sion it closed at 10,820.30 with marginal gain of 0.80% on weekly basis.
Continued …....
Nifty Analysis
R4 11860.50
R3 11498.20
R2 11135.90
R1 10935.50
PP 10773.60
S1 10573.20
S2 10411.30
S3 10049.00
S4 9686.70

…....
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 10,883. It can test the level of Rs.
10,999 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10,771.
Nifty Analysis
The index has formed a bullish candle which closely resembles a ‘Hanging Man’ or an Inside Bar kind of pattern on weekly
charts. For bulls to regain control, Nifty has to close above 10,883-10,974 levels. On the upsides momentum shall pick up
only on a close above 10,883 levels. However, a breach of 200-DMA placed around 10,771 could fuel the selling pressure
with an initial downside target of 10,588. On the options front, maximum Put OI is placed at 10000 followed by 10200
strikes while maximum Call OI is seen at 11000 followed by 10900 strike.
ACTION BUY
ENTRY PRICE ABOVE 10883
TARGET 10999
STOP LOSS 10771
20 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE

Technical Outlook
The Nifty Bank index started the last week on negative note on Monday but in remaining trading sessions it not only erased
previous day's losses but witnessed good buying from lower levels throughout the week and closed at 26,862.25 with over-
all gain of 202 points or 0.75% on weekly basis. However bank Nifty could not sustain above its important resistance levels
of 27,065.50. The index has formed a doji on daily scale while some short of Hanging man candlestick pattern on weekly
chart . For Index to remain bullish it has to hold above 27,065.50 levels otherwise a breach below 26,770 could initiate the
selling pressure . Support is placed 26,770 and upside resistance is placed at 27,065.50 and 26,600.
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 27,066. It can test the level of Rs.
27,466 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 26,770.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
ACTION BUY
ENTRY PRICE ABOVE 27050
TARGET 27650
STOP LOSS 26750
R4 29147.40
R3 28316.00
R2 27484.60
R1 27072.30
PP 26653.20
S1 26240.90
S2 25821.80
S3 24990.40
S4 24159.00

Technical Outlook
Overall trend of the Stock is bullish for long term . For short term stock is in correction phase. Last week, it started on
negative not but it showed a good buying from lower levels throughout the week. On daily chart stock has gave breakout
of its major trend line and resistance levels of 490. If it manages to sustain above the levels of 496 than further upside
move can be seen in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 496 it can test the level of Rs. 516
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 486.
ZEEL Cash ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 580.90
R3 548.25
R2 515.60
R1 502.55
PP 482.95
S1 469.90
S2 450.30
S3 417.65
S4 385.00
ACTION BUY
ENTRY PRICE ABOVE 496.00
TARGET 516.00
STOP LOSS 485.00

Technical Outlook
Overall trend of the Stock is bullish for long term . For short term stock is in consolidation phase. Last week stock started
on negative not and consolidated near its major resistance levels throughout the week. On daily stock has formed ascend-
ing triangle price pattern on higher levels . If it manages to trade above 344 levels than further upside move can be seen
in it. In intraday it showed a good positive move.
For this week, traders can adopt buy on lower level strategy in it and above the level of 344 it can test the level of Rs. 358
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 336.
WIPRO CASH ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 391.40
R3 372.25
R2 353.10
R1 343.10
PP 333.95
S1 323.95
S2 314.80
S3 295.65
S4 276.50
ACTION BUY
TARGET 358.00
STOP LOSS 336.00

Technical Outlook
Last week, SIEMENS Dec Futures started the week on positive note and after that, it consolidated at higher level. It closed
at 969.60 with the overall gain of 1.65% on weekly basis. Technically it had given pull back from 52 week low by making
spinning top reversal pattern on monthly chart and also closed above the trend line. For this week, we can expect upside
movement in it.
For this week, traders can adopt buying from trend line breakout strategy in it and above the level of 980 it can test the
level of 999 during the week. Trades can make buy position in it by maintaining a Stop Loss of 970.
SIEMENS FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1168.40
R3 1096.45
R2 1024.50
R1 997.05
PP 952.55
S1 925.10
S2 880.60
S3 808.65
S4 736.70
ACTION BUY
TARGET 999.00
STOP LOSS 970.00

Technical Outlook
Last week, ICICIBANK Dec Futures started the week with downside movement but till the end of the week, it witnessed
upside movement and closed at 352.30 with the overall loss of 0.15% on weekly basis. Technically it had given pull back
from 50% retracement level buy making of Hammer Candlestick Pattern and for this week, we can expect upside move-
ment in it.
For this week, traders can adopt buying on the basis of Fibonacci Retracement Reversal strategy in it and above the level
of 360.50 it can test the level of 365.50 during the week. Trades can make buy position in it by maintaining a Stop Loss of
357.80.
ICICIBANK FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 400.70
R3 383.20
R2 365.70
R1 359.00
PP 348.20
S1 341.50
S2 330.70
S3 313.20
S4 295.70
ACTION BUY
TARGET 365.50
STOP LOSS 357.80

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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 18 December 2018 Ways2Capital

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Equity Research Report 18 December 2018 Ways2Capital