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HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
PHONE: 0731-6626191 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
2 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 18th May 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10596.40 -210.10 -1.94%
Nifty 100 10908.05 -223.90 -2.01%
Nifty 200 5700.90 -125.60 -2.16%
Nifty 500 9209.2 -207.15 -2.20%
Nifty VIX 14.15 0.17 1.23%
Nifty Bank 25875.6 -537.55 -2.04%
Nifty Auto 10962.75 -410.45 -3.61%
Nifty Finance 10783.2 -205.10 -1.87%
Nifty FMCG 28852.70 376.70 1.32%
Nifty IT 13459.15 -19.45 -0.14%
Nifty Media 3217.05 -86.55 -2.62%
Nifty Metal 3590.65 -122.15 -3.29%
Nifty Pharma 8211.85 -233.85 -2.77%
Nifty PSU Banks 2656.75 -185.10 -6.51%
Nifty PVT Bank 14864.50 -291.95 -1.92%
Nifty Realty 302.75 -6.40 -2.07%
USDINR 67.9850 67.4400 0.81%
GBPINR 91.5870 91.5850 0.00%
EURINR 80.0450 80.5775 -0.66%
JPYINR 61.3375 61.7525 -0.67%
EURUSD 1.1771 1.1969 -1.65%
GBPUSD 1.3470 1.3579 -0.80%
Dollar Index 93.58 92.41 1.27%
Gold COMEX 1291.51 1320.10 -2.17%
Gold MCX 31091 31518 -1.35%
Crude Oil NYMEX 71.36 70.45 1.29%
Crude Oil MCX 4855 4793 1.29%
Brent Oil NYMEX 78.57 76.72 2.41%
Copper MCX 462.15 465.00 -0.61%
Natural Gas NYMEX 2.852 2.830 0.78%
3 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
BAJAJ FI-
NANCE
2143.70 15.35% 2167.50
BAJAJ FIN-
SERV
5727.30 7.25% 5835.00
HUL 1604.10 6.49% 1607.85
TECH
MAHINDRA
690.75 3.77% 729.00
POWER GRID 213.00 2.80% 226.40
INDIABULLS
HOUSING
1135.00 -8.62% 1013.60
ICICI BANK 286.40 -7.94% 256.00
TATA MOTO-
RES
305.25 -7.71% 304.00
CIPLA 533.95 -6.92% 479.00
GAIL 321.05 -6.30% 260.25
4 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Wednesday, May 23, 2018
14:00 GBP CPI (YoY) (Apr) 2.50% 2.50%
14:00 GBP PPI Input (MoM) (Apr) 1.00% -0.10%
19:15 USD Manufacturing PMI (May) 56.5 56.5
19:15 USD Markit Composite PMI - 54.9
19:15 USD Services PMI (May) 54.9 54.6
19:30 USD New Home Sales (MoM) (Apr) -2.00% 4.00%
19:30 USD New Home Sales (Apr) 679K 694K
20:00 USD Crude Oil Inventories -0.763M -1.404M
23:30 USD FOMC Meeting Minutes - -
Thursday, May 24, 2018
14:00 GBP Retail Sales (MoM) (Apr) 0.70% -1.20%
14:00 GBP Core Retail Sales (MoM) (Apr) 0.40% -0.50%
14:00 GBP Core Retail Sales (YoY) (Apr) 0.10% 1.10%
14:30 GBP Inflation Report Hearings - -
19:30 USD Existing Home Sales (Apr) 5.57M 5.60M
Friday, May 25, 2018
14:00 GBP GDP (QoQ) (Q1) 0.10% 0.10%
14:00 GBP GDP (YoY) (Q1) 1.20% 1.20%
18:00 USD Core Durable Goods Orders (MoM) (Apr) 0.50% -0.10%
18:30 USD Fed Chair Powell Speaks - -
5 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
ADANIPORTS 486.50 456.55 426.60 409.20 396.62 379.20 366.65 336.70 306.75
ASIANPAINT 1494.10 1430.70 1367.30 1339.15 1303.87 1275.70 1240.45 1177.05 1113.65
AXISBANK 647.35 612.35 577.35 556.20 542.33 521.15 507.30 472.30 437.30
BAJAJ-AUTO 3296.75 3137.35 2977.95 2881.50 2818.53 2722.05 2659.10 2499.70 2340.30
BAJAJFINSV 7236.70 6694.70 6152.70 5939.35 5610.67 5397.30 5068.65 4526.65 3984.65
BAJFINANCE 3037.65 2708.85 2380.05 2259.55 2051.23 1930.70 1722.40 1393.60 1064.80
BHARTIARTL 487.55 448.60 409.65 386.30 370.67 347.30 331.70 292.75 253.80
BPCL 485.35 455.05 424.75 406.20 394.45 375.90 364.15 333.85 303.55
CIPLA 740.55 677.55 614.55 573.10 551.53 510.05 488.50 425.50 362.50
COALINDIA 318.05 300.80 283.55 275.30 266.28 258.00 249.00 231.75 214.50
DRREDDY 2270.40 2177.50 2084.60 2033.30 1991.70 1940.40 1898.80 1805.90 1713.00
EICHERMOT 33930.60 32722.25 31513.90 30819.45 30305.55 29611.10 29097.20 27888.85 26680.50
GAIL 425.20 393.95 362.70 342.70 331.45 311.45 300.20 268.95 237.70
GRASIM 1223.35 1174.45 1125.55 1095.30 1076.63 1046.35 1027.70 978.80 929.90
HCLTECH 1056.40 1006.10 955.80 923.90 905.50 873.60 855.20 804.90 754.60
HDFC 2158.90 2067.05 1975.20 1916.60 1883.32 1824.70 1791.45 1699.60 1607.75
6 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
HDFCBANK 2211.30 2149.80 2088.30 2050.10 2026.80 1988.60 1965.30 1903.80 1842.30
HEROMOTOCO 4049.85 3892.10 3734.35 3651.55 3576.57 3493.75 3418.80 3261.05 3103.30
HINDALCO 295.10 275.45 255.80 243.65 236.12 223.95 216.45 196.80 177.15
HINDPETRO 376.60 356.95 337.30 324.80 317.63 305.10 297.95 278.30 258.65
HINDUNILVR 1927.20 1808.75 1690.30 1649.65 1571.85 1531.20 1453.40 1334.95 1216.50
IBULHSGFIN 1523.00 1406.55 1290.10 1213.75 1173.65 1097.30 1057.20 940.75 824.30
ICICIBANK 395.35 362.45 329.55 308.70 296.63 275.75 263.70 230.80 197.90
INDUSINDBK 2120.70 2055.20 1989.70 1962.40 1924.20 1896.90 1858.70 1793.20 1727.70
INFRATEL 366.30 349.75 333.20 325.10 316.65 308.55 300.10 283.55 267.00
INFY 1300.00 1262.00 1224.00 1202.00 1186.00 1164.00 1148.00 1110.00 1072.00
IOC 202.55 190.50 178.45 171.10 166.37 159.00 154.30 142.25 130.20
ITC 320.65 307.85 295.05 288.50 282.25 275.70 269.45 256.65 243.85
KOTAKBANK 1430.50 1382.30 1334.10 1315.55 1285.90 1267.35 1237.70 1189.50 1141.30
LT 1617.15 1526.15 1435.15 1376.30 1344.13 1285.25 1253.10 1162.10 1071.10
LUPIN 908.10 854.75 801.40 772.40 748.02 719.00 694.65 641.30 587.95
M&M 983.90 937.95 892.00 864.05 846.03 818.05 800.05 754.10 708.15
7 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Weekly Pivots
MARUTI 9404.85 9134.40 8863.95 8691.00 8593.48 8420.50 8323.00 8052.55 7782.10
NTPC 193.30 185.10 176.90 171.65 168.70 163.45 160.50 152.30 144.10
ONGC 232.95 216.75 200.55 192.85 184.32 176.60 168.10 151.90 135.70
POWERGRID 241.65 231.65 221.65 217.30 211.63 207.25 201.60 191.60 181.60
RELIANCE 1159.50 1091.50 1023.50 979.00 955.50 911.00 887.50 819.50 751.50
SBIN 303.80 284.20 264.60 252.10 244.97 232.45 225.35 205.75 186.15
SUNPHARMA 560.35 530.40 500.45 482.00 470.48 452.00 440.50 410.55 380.60
TATAMOTORS 402.30 372.80 343.30 324.05 313.77 294.50 284.25 254.75 225.25
TATASTEEL 745.50 699.05 652.60 621.95 606.13 575.45 559.65 513.20 466.75
TCS 3846.70 3724.35 3602.00 3548.50 3479.65 3426.15 3357.30 3234.95 3112.60
TECHM 801.65 762.40 723.15 709.55 683.88 670.25 644.60 605.35 566.10
TITAN 1095.35 1042.60 989.85 964.95 937.08 912.15 884.30 831.55 778.80
ULTRACEMCO 4864.15 4560.60 4257.05 4055.50 3953.47 3751.90 3649.90 3346.35 3042.80
UPL 824.60 789.00 753.40 731.20 717.80 695.60 682.20 646.60 611.00
VEDL 333.00 314.00 295.00 282.65 276.00 263.65 257.00 238.00 219.00
WIPRO 310.75 298.00 285.25 276.90 272.47 264.10 259.70 246.95 234.20
YESBANK 391.50 377.05 362.60 354.30 348.15 339.85 333.70 319.25 304.80
ZEEL 677.75 643.50 609.25 588.25 575.00 554.00 540.75 506.50 472.25
8 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
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: 11000
Major Support Levels: 10500
Open Interest & price Analysis
BIOCON 17.44% 3.07%
TECHM 10.45% 3.74%
BAJAJFINSV 9.36% 6.75%
- - -
- - -
RCOM -23.78% 11.23%
APOLLOTYRE -9.65% 2.04%
- - -
- - -
- - -
ICICIPRULI -21.00% -7.56%
INDIANB -15.82% -5.52%
PAGEIND -11.49% -4.25%
JETAIRWAYS -11.20% -13.13%
WOCKPHARMA -10.48% -7.57%
CIPLA 48.14% -7.10%
TVSMOTOR 45.57% -8.79%
SRF 41.53% -14.88%
ESCORTS 38.61% -7.71%
MUTHOOTFIN 28.97% -5.84%
9 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Last week, Nifty started the week on positive note ahead of Karnataka State election result but from Tuesday on-
ward, we saw bearish trend in it as none of the party gets the clear mandate in results. The bearish movement in
the nifty is also supported by pressure of rising bond yields and Crude Oil prices. Indian Rupee reached to 6 month
low again the US dollar and further acted as the catalyst for the negative movement in Nifty. Nifty P/E ratio was
seen in the range of 26.82 to 26.27 for the past week with the continuous downfall in it. DII activity remained posi-
tive for the entire week whereas FII activity remained negative thus created no major impact on the market.
On Macroeconomic front; important data like WPI Inflation and CPI released last week and but none of them cre-
ated major impact on the market.
Technical Outlook
Nifty future started the last week on positive note on Monday and it rallied more than 120 points on Tuesday in mid
-off Karnataka’s election results and made a high of 10947.90 but as results came out index started to fall from its
high and closed the session on negative note and slipped to towards 10600 by end of the week.
Continued …....
Nifty Analysis
R4 11794.55
R3 11433.10
R2 11071.65
R1 10834.35
PP 10710.20
S1 10472.90
S2 10348.75
S3 9987.30
S4 9625.85
10 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
The Nifty fut closed below its important support level 10640 on Friday which could the add more selling pressure
and the next major support could come at 50-days moving at placed at 10570-10580. The index formed a bearish
candle on the daily candlestick charts and a Bearish Engulfing candle on the weekly scale which indicates domi-
nance by bears.
.
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 10580, it can test the
level of Rs. 10450 & 10400 during the week. Trades can make sell position in it by maintaining a SL of Rs. 10685.
Nifty Analysis
Action SELL
Entry Price Below 10580
Target 10450/ 10400
Stop Loss 10685
20 Days EMA NEGATIVE
50 Days EMA POSITIVE
200 Days EMA POSITIVE
RSI NEGATIVE
MACD POSITIVE
STOCHASTIC NEGATIVE
11 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
Bank Nifty May Futures started the Monday’s trading session on positive note and continued its bullish run till
Tuesday. In the remaining part of the week, index observed selling pressure from higher levels. Index has
breached its major support levels of 26000 on daily charts if it manages to trade below these levels than further
selling can be seen in it. Major support is placed at 25600 & 26400 levels while resistance is placed at 26100 &
26300 levels.
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt sell on lower level strategy in it and below the level of 25800. It can test the
level of Rs. 25600 & 25500 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs.
25952.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
Action SELL
Entry Price Below 25800
Target 25600/ 26500
Stop Loss 25952
R4 29554.60
R3 28438.05
R2 27321.50
R1 26599.80
PP 26204.95
S1 25483.25
S2 25088.40
S3 23971.85
S4 22855.30
12 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
Technical Outlook
In long term, PIDILITIND is looking bullish on the charts. In short term stock was in some correction phase. Last
week stock started on positive note but due to some profit booking stock showed some correction in other
trading sessions of the week. On daily chart it showed a good consolidation on higher levels. On intraday chart
stock has showed good positive movement and it also trading above its 21, 50 & 100 days moving averages.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1110.00 it can test the
level of Rs. 1143.30 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.
1087.80
PIDILITIND CASH( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1276.30
R3 1224.85
R2 1173.40
R1 1153.60
PP 1121.95
S1 1102.15
S2 1070.50
S3 1019.05
S4 967.60
ACTION BUY
ENTRY PRICE Above 1165.50
TARGET 1200.00
STOP LOSS 1142.20
13 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
Technical Outlook
UBL is in overall bullish trend for the medium to long term. From last couple of weeks, stock was in consolida-
tion phase. Last week stock started the movement on positive note and traded sideways throughout the week.
Stock has crossed its major resistance levels of 1145 on daily chart and also on daily chart stock has formed
ascending triangle pattern. On intraday chart, stock has showed a good positive move after giving the breakout
of its important resistance levels of 1145.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1165.50 it can test the
level of Rs. 1200.00 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.
1142.20
UBL CASH ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1267.80
R3 1208.75
R2 1149.70
R1 1115.55
PP 1090.65
S1 1056.50
S2 1031.60
S3 972.55
S4 913.50
ACTION BUY
ENTRY PRICE Above 1110.00
TARGET 1143.30
STOP LOSS 1087.80
14 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
Technical Outlook
Last week EQUITAS May Futures started the week on positive note and made high of 165.75 during the week.
After that it witnessed the negative movement for the remaining part of the week. Technically it’s forming
Bearish Engulfing candlestick pattern on daily chart and for this week, we can expect good downside move-
ment in it.
.
For this week, traders can adopt buy on lower level strategy in it and above the level of 157.00 it can test the
level of Rs. 152.00 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 159.20
EQUITAS FUTURES ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 206.85
R3 193.55
R2 180.25
R1 173.10
PP 166.95
S1 159.80
S2 153.65
S3 140.35
S4 127.05
ACTION SELL
ENTRY PRICE Below 157.00
TARGET 159.20
STOP LOSS 152.10
15 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
Technical Outlook
Last week INFY May Futures started the week on positive note and made high of 1209.40 during the week. It
closed near to the previous week closing & consolidating on higher levels. Technically, INFY broke the major
psychological resistance level of Rs. 1200 but was unable to close above the same. For this week, we can ex-
pect good upside movement in it above the level of 1190.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1190.00 it can test the
level of Rs. 1210.00 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.
1180.00
INFY FUTURES ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1301.05
R3 1263.05
R2 1225.05
R1 1204.10
PP 1187.05
S1 1166.10
S2 1149.05
S3 1111.05
S4 1073.05
ACTION BUY
ENTRY PRICE Above 1190.00
TARGET 1210.00
STOP LOSS 1180.00
16 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
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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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
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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
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 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018
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 21 May 2018 Ways2Capital

  • 1. HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED PHONE: 0731-6626191 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
  • 2. 2 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 CURRENCY MARKET UPDATE CURRENCY PAIR CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE MAJOR INDICES INDEX CLOSING AS ON 18th May 18 WEEKLY CHANGES WEEKLY % CHANGE COMMODITY MARKET UPDATE COMMODITY CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE Market Wrap–Up Nifty 10596.40 -210.10 -1.94% Nifty 100 10908.05 -223.90 -2.01% Nifty 200 5700.90 -125.60 -2.16% Nifty 500 9209.2 -207.15 -2.20% Nifty VIX 14.15 0.17 1.23% Nifty Bank 25875.6 -537.55 -2.04% Nifty Auto 10962.75 -410.45 -3.61% Nifty Finance 10783.2 -205.10 -1.87% Nifty FMCG 28852.70 376.70 1.32% Nifty IT 13459.15 -19.45 -0.14% Nifty Media 3217.05 -86.55 -2.62% Nifty Metal 3590.65 -122.15 -3.29% Nifty Pharma 8211.85 -233.85 -2.77% Nifty PSU Banks 2656.75 -185.10 -6.51% Nifty PVT Bank 14864.50 -291.95 -1.92% Nifty Realty 302.75 -6.40 -2.07% USDINR 67.9850 67.4400 0.81% GBPINR 91.5870 91.5850 0.00% EURINR 80.0450 80.5775 -0.66% JPYINR 61.3375 61.7525 -0.67% EURUSD 1.1771 1.1969 -1.65% GBPUSD 1.3470 1.3579 -0.80% Dollar Index 93.58 92.41 1.27% Gold COMEX 1291.51 1320.10 -2.17% Gold MCX 31091 31518 -1.35% Crude Oil NYMEX 71.36 70.45 1.29% Crude Oil MCX 4855 4793 1.29% Brent Oil NYMEX 78.57 76.72 2.41% Copper MCX 462.15 465.00 -0.61% Natural Gas NYMEX 2.852 2.830 0.78%
  • 3. 3 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 WEEKLY GAINERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK HIGH WEEKLY LOSERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK LOW Market at a Glance BAJAJ FI- NANCE 2143.70 15.35% 2167.50 BAJAJ FIN- SERV 5727.30 7.25% 5835.00 HUL 1604.10 6.49% 1607.85 TECH MAHINDRA 690.75 3.77% 729.00 POWER GRID 213.00 2.80% 226.40 INDIABULLS HOUSING 1135.00 -8.62% 1013.60 ICICI BANK 286.40 -7.94% 256.00 TATA MOTO- RES 305.25 -7.71% 304.00 CIPLA 533.95 -6.92% 479.00 GAIL 321.05 -6.30% 260.25
  • 4. 4 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 ECONOMIC EVENTS CALENDER TIME CURRENY EVENT FORECAST PREVIOUS Economic Calendar Wednesday, May 23, 2018 14:00 GBP CPI (YoY) (Apr) 2.50% 2.50% 14:00 GBP PPI Input (MoM) (Apr) 1.00% -0.10% 19:15 USD Manufacturing PMI (May) 56.5 56.5 19:15 USD Markit Composite PMI - 54.9 19:15 USD Services PMI (May) 54.9 54.6 19:30 USD New Home Sales (MoM) (Apr) -2.00% 4.00% 19:30 USD New Home Sales (Apr) 679K 694K 20:00 USD Crude Oil Inventories -0.763M -1.404M 23:30 USD FOMC Meeting Minutes - - Thursday, May 24, 2018 14:00 GBP Retail Sales (MoM) (Apr) 0.70% -1.20% 14:00 GBP Core Retail Sales (MoM) (Apr) 0.40% -0.50% 14:00 GBP Core Retail Sales (YoY) (Apr) 0.10% 1.10% 14:30 GBP Inflation Report Hearings - - 19:30 USD Existing Home Sales (Apr) 5.57M 5.60M Friday, May 25, 2018 14:00 GBP GDP (QoQ) (Q1) 0.10% 0.10% 14:00 GBP GDP (YoY) (Q1) 1.20% 1.20% 18:00 USD Core Durable Goods Orders (MoM) (Apr) 0.50% -0.10% 18:30 USD Fed Chair Powell Speaks - -
  • 5. 5 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots ADANIPORTS 486.50 456.55 426.60 409.20 396.62 379.20 366.65 336.70 306.75 ASIANPAINT 1494.10 1430.70 1367.30 1339.15 1303.87 1275.70 1240.45 1177.05 1113.65 AXISBANK 647.35 612.35 577.35 556.20 542.33 521.15 507.30 472.30 437.30 BAJAJ-AUTO 3296.75 3137.35 2977.95 2881.50 2818.53 2722.05 2659.10 2499.70 2340.30 BAJAJFINSV 7236.70 6694.70 6152.70 5939.35 5610.67 5397.30 5068.65 4526.65 3984.65 BAJFINANCE 3037.65 2708.85 2380.05 2259.55 2051.23 1930.70 1722.40 1393.60 1064.80 BHARTIARTL 487.55 448.60 409.65 386.30 370.67 347.30 331.70 292.75 253.80 BPCL 485.35 455.05 424.75 406.20 394.45 375.90 364.15 333.85 303.55 CIPLA 740.55 677.55 614.55 573.10 551.53 510.05 488.50 425.50 362.50 COALINDIA 318.05 300.80 283.55 275.30 266.28 258.00 249.00 231.75 214.50 DRREDDY 2270.40 2177.50 2084.60 2033.30 1991.70 1940.40 1898.80 1805.90 1713.00 EICHERMOT 33930.60 32722.25 31513.90 30819.45 30305.55 29611.10 29097.20 27888.85 26680.50 GAIL 425.20 393.95 362.70 342.70 331.45 311.45 300.20 268.95 237.70 GRASIM 1223.35 1174.45 1125.55 1095.30 1076.63 1046.35 1027.70 978.80 929.90 HCLTECH 1056.40 1006.10 955.80 923.90 905.50 873.60 855.20 804.90 754.60 HDFC 2158.90 2067.05 1975.20 1916.60 1883.32 1824.70 1791.45 1699.60 1607.75
  • 6. 6 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots HDFCBANK 2211.30 2149.80 2088.30 2050.10 2026.80 1988.60 1965.30 1903.80 1842.30 HEROMOTOCO 4049.85 3892.10 3734.35 3651.55 3576.57 3493.75 3418.80 3261.05 3103.30 HINDALCO 295.10 275.45 255.80 243.65 236.12 223.95 216.45 196.80 177.15 HINDPETRO 376.60 356.95 337.30 324.80 317.63 305.10 297.95 278.30 258.65 HINDUNILVR 1927.20 1808.75 1690.30 1649.65 1571.85 1531.20 1453.40 1334.95 1216.50 IBULHSGFIN 1523.00 1406.55 1290.10 1213.75 1173.65 1097.30 1057.20 940.75 824.30 ICICIBANK 395.35 362.45 329.55 308.70 296.63 275.75 263.70 230.80 197.90 INDUSINDBK 2120.70 2055.20 1989.70 1962.40 1924.20 1896.90 1858.70 1793.20 1727.70 INFRATEL 366.30 349.75 333.20 325.10 316.65 308.55 300.10 283.55 267.00 INFY 1300.00 1262.00 1224.00 1202.00 1186.00 1164.00 1148.00 1110.00 1072.00 IOC 202.55 190.50 178.45 171.10 166.37 159.00 154.30 142.25 130.20 ITC 320.65 307.85 295.05 288.50 282.25 275.70 269.45 256.65 243.85 KOTAKBANK 1430.50 1382.30 1334.10 1315.55 1285.90 1267.35 1237.70 1189.50 1141.30 LT 1617.15 1526.15 1435.15 1376.30 1344.13 1285.25 1253.10 1162.10 1071.10 LUPIN 908.10 854.75 801.40 772.40 748.02 719.00 694.65 641.30 587.95 M&M 983.90 937.95 892.00 864.05 846.03 818.05 800.05 754.10 708.15
  • 7. 7 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Weekly Pivots MARUTI 9404.85 9134.40 8863.95 8691.00 8593.48 8420.50 8323.00 8052.55 7782.10 NTPC 193.30 185.10 176.90 171.65 168.70 163.45 160.50 152.30 144.10 ONGC 232.95 216.75 200.55 192.85 184.32 176.60 168.10 151.90 135.70 POWERGRID 241.65 231.65 221.65 217.30 211.63 207.25 201.60 191.60 181.60 RELIANCE 1159.50 1091.50 1023.50 979.00 955.50 911.00 887.50 819.50 751.50 SBIN 303.80 284.20 264.60 252.10 244.97 232.45 225.35 205.75 186.15 SUNPHARMA 560.35 530.40 500.45 482.00 470.48 452.00 440.50 410.55 380.60 TATAMOTORS 402.30 372.80 343.30 324.05 313.77 294.50 284.25 254.75 225.25 TATASTEEL 745.50 699.05 652.60 621.95 606.13 575.45 559.65 513.20 466.75 TCS 3846.70 3724.35 3602.00 3548.50 3479.65 3426.15 3357.30 3234.95 3112.60 TECHM 801.65 762.40 723.15 709.55 683.88 670.25 644.60 605.35 566.10 TITAN 1095.35 1042.60 989.85 964.95 937.08 912.15 884.30 831.55 778.80 ULTRACEMCO 4864.15 4560.60 4257.05 4055.50 3953.47 3751.90 3649.90 3346.35 3042.80 UPL 824.60 789.00 753.40 731.20 717.80 695.60 682.20 646.60 611.00 VEDL 333.00 314.00 295.00 282.65 276.00 263.65 257.00 238.00 219.00 WIPRO 310.75 298.00 285.25 276.90 272.47 264.10 259.70 246.95 234.20 YESBANK 391.50 377.05 362.60 354.30 348.15 339.85 333.70 319.25 304.80 ZEEL 677.75 643.50 609.25 588.25 575.00 554.00 540.75 506.50 472.25
  • 8. 8 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 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: 11000 Major Support Levels: 10500 Open Interest & price Analysis BIOCON 17.44% 3.07% TECHM 10.45% 3.74% BAJAJFINSV 9.36% 6.75% - - - - - - RCOM -23.78% 11.23% APOLLOTYRE -9.65% 2.04% - - - - - - - - - ICICIPRULI -21.00% -7.56% INDIANB -15.82% -5.52% PAGEIND -11.49% -4.25% JETAIRWAYS -11.20% -13.13% WOCKPHARMA -10.48% -7.57% CIPLA 48.14% -7.10% TVSMOTOR 45.57% -8.79% SRF 41.53% -14.88% ESCORTS 38.61% -7.71% MUTHOOTFIN 28.97% -5.84%
  • 9. 9 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 NIFTY WEEKLY PIVOTS PARTICULAR LEVEL Fundamental Outlook Last week, Nifty started the week on positive note ahead of Karnataka State election result but from Tuesday on- ward, we saw bearish trend in it as none of the party gets the clear mandate in results. The bearish movement in the nifty is also supported by pressure of rising bond yields and Crude Oil prices. Indian Rupee reached to 6 month low again the US dollar and further acted as the catalyst for the negative movement in Nifty. Nifty P/E ratio was seen in the range of 26.82 to 26.27 for the past week with the continuous downfall in it. DII activity remained posi- tive for the entire week whereas FII activity remained negative thus created no major impact on the market. On Macroeconomic front; important data like WPI Inflation and CPI released last week and but none of them cre- ated major impact on the market. Technical Outlook Nifty future started the last week on positive note on Monday and it rallied more than 120 points on Tuesday in mid -off Karnataka’s election results and made a high of 10947.90 but as results came out index started to fall from its high and closed the session on negative note and slipped to towards 10600 by end of the week. Continued ….... Nifty Analysis R4 11794.55 R3 11433.10 R2 11071.65 R1 10834.35 PP 10710.20 S1 10472.90 S2 10348.75 S3 9987.30 S4 9625.85
  • 10. 10 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 The Nifty fut closed below its important support level 10640 on Friday which could the add more selling pressure and the next major support could come at 50-days moving at placed at 10570-10580. The index formed a bearish candle on the daily candlestick charts and a Bearish Engulfing candle on the weekly scale which indicates domi- nance by bears. . 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 10580, it can test the level of Rs. 10450 & 10400 during the week. Trades can make sell position in it by maintaining a SL of Rs. 10685. Nifty Analysis Action SELL Entry Price Below 10580 Target 10450/ 10400 Stop Loss 10685 20 Days EMA NEGATIVE 50 Days EMA POSITIVE 200 Days EMA POSITIVE RSI NEGATIVE MACD POSITIVE STOCHASTIC NEGATIVE
  • 11. 11 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 Bank Nifty May Futures started the Monday’s trading session on positive note and continued its bullish run till Tuesday. In the remaining part of the week, index observed selling pressure from higher levels. Index has breached its major support levels of 26000 on daily charts if it manages to trade below these levels than further selling can be seen in it. Major support is placed at 25600 & 26400 levels while resistance is placed at 26100 & 26300 levels. WEEKLY STRATEGY PERTICULAR DETAILS For this week, traders can adopt sell on lower level strategy in it and below the level of 25800. It can test the level of Rs. 25600 & 25500 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 25952. WEEKLY PIVOTS PARTICULAR LEVEL Bank Nifty Analysis Action SELL Entry Price Below 25800 Target 25600/ 26500 Stop Loss 25952 R4 29554.60 R3 28438.05 R2 27321.50 R1 26599.80 PP 26204.95 S1 25483.25 S2 25088.40 S3 23971.85 S4 22855.30
  • 12. 12 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 Technical Outlook In long term, PIDILITIND is looking bullish on the charts. In short term stock was in some correction phase. Last week stock started on positive note but due to some profit booking stock showed some correction in other trading sessions of the week. On daily chart it showed a good consolidation on higher levels. On intraday chart stock has showed good positive movement and it also trading above its 21, 50 & 100 days moving averages. For this week, traders can adopt buy on lower level strategy in it and above the level of 1110.00 it can test the level of Rs. 1143.30 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1087.80 PIDILITIND CASH( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 1276.30 R3 1224.85 R2 1173.40 R1 1153.60 PP 1121.95 S1 1102.15 S2 1070.50 S3 1019.05 S4 967.60 ACTION BUY ENTRY PRICE Above 1165.50 TARGET 1200.00 STOP LOSS 1142.20
  • 13. 13 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 Technical Outlook UBL is in overall bullish trend for the medium to long term. From last couple of weeks, stock was in consolida- tion phase. Last week stock started the movement on positive note and traded sideways throughout the week. Stock has crossed its major resistance levels of 1145 on daily chart and also on daily chart stock has formed ascending triangle pattern. On intraday chart, stock has showed a good positive move after giving the breakout of its important resistance levels of 1145. For this week, traders can adopt buy on lower level strategy in it and above the level of 1165.50 it can test the level of Rs. 1200.00 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1142.20 UBL CASH ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 1267.80 R3 1208.75 R2 1149.70 R1 1115.55 PP 1090.65 S1 1056.50 S2 1031.60 S3 972.55 S4 913.50 ACTION BUY ENTRY PRICE Above 1110.00 TARGET 1143.30 STOP LOSS 1087.80
  • 14. 14 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 Technical Outlook Last week EQUITAS May Futures started the week on positive note and made high of 165.75 during the week. After that it witnessed the negative movement for the remaining part of the week. Technically it’s forming Bearish Engulfing candlestick pattern on daily chart and for this week, we can expect good downside move- ment in it. . For this week, traders can adopt buy on lower level strategy in it and above the level of 157.00 it can test the level of Rs. 152.00 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 159.20 EQUITAS FUTURES ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 206.85 R3 193.55 R2 180.25 R1 173.10 PP 166.95 S1 159.80 S2 153.65 S3 140.35 S4 127.05 ACTION SELL ENTRY PRICE Below 157.00 TARGET 159.20 STOP LOSS 152.10
  • 15. 15 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 Technical Outlook Last week INFY May Futures started the week on positive note and made high of 1209.40 during the week. It closed near to the previous week closing & consolidating on higher levels. Technically, INFY broke the major psychological resistance level of Rs. 1200 but was unable to close above the same. For this week, we can ex- pect good upside movement in it above the level of 1190. For this week, traders can adopt buy on lower level strategy in it and above the level of 1190.00 it can test the level of Rs. 1210.00 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1180.00 INFY FUTURES ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 1301.05 R3 1263.05 R2 1225.05 R1 1204.10 PP 1187.05 S1 1166.10 S2 1149.05 S3 1111.05 S4 1073.05 ACTION BUY ENTRY PRICE Above 1190.00 TARGET 1210.00 STOP LOSS 1180.00
  • 16. 16 Copyright © 2018 Ways2Capital. All rights reserved 21/05/2018 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 thisconnection. 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 21/05/2018 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