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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 ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING AS ON 24
th Aug 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market WrapтАУUp
Nifty 11557.10 172.05 1.51%
Nifty 100 11856.2 208.45 1.79%
Nifty 200 6159.10 107.45 1.78%
Nifty 500 9850.8 165.15 1.71%
Nifty VIX 12.41 -1.24 -9.07%
Nifty Bank 27834.7 8.15 0.03%
Nifty Auto 10903.00 72.05 0.67%
Nifty Finance 11592.15 55.70 0.48%
Nifty FMCG 32385.55 654.30 2.06%
Nifty IT 15260.05 215.70 1.43%
Nifty Media 2871.15 53.90 1.91%
Nifty Metal 3481.2 144.15 4.32%
Nifty Pharma 10061.10 465.75 4.85%
Nifty PSU Banks 3214.6 87.15 2.79%
Nifty PVT Bank 15814.50 -213.05 -1.33%
Nifty Realty 273.45 -0.20 -0.07%
USDINR 69.9425 70.3100 -0.52%
GBPINR 89.9075 89.3700 0.60%
EURINR 81.0250 80.0150 1.26%
JPYINR 62.8175 63.4375 -0.98%
EURUSD 1.1597 1.1403 1.70%
GBPUSD 1.2851 1.2743 0.85%
Dollar Index 95.08 96.00 -0.96%
Gold COMEX 1212.30 1191.80 1.72%
Gold MCX 29903 29349 1.89%
Crude Oil NYMEX 68.54 65.91 3.99%
Crude Oil MCX 4804 4571 5.10%
Brent Oil NYMEX 75.63 71.80 5.33%
Copper MCX 416.25 407.65 2.11%
Natural Gas NYMEX 2.912 2.946 -1.15%
3 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
L&T 1342.80 8.91% 1469.60
TECH
MAHINDRA
717.00 7.48% 738.00
VEDANTA 223.95 7.38% 355.70
UPL LTD 652.55 6.89% 856.00
LUPIN 907.15 6.81% 1090.00
BPCL 357.55 -5.41% 354.30
TITAN 887.95 -3.40% 563.60
GAIL 380.30 -3.40% 279.75
INFOSYS 1379.95 -3.18% 874.00
INDUSLAND
BANK
1927.25 -2.82% 1573.00
4 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, August 27, 2018
All Day USD United Kingdom - Summer Bank Holiday Holiday
Tuesday, August 28, 2018
19:30 USD CB Consumer Confidence (Aug) 126.2 127.4
Wednesday, August 29, 2018
18:00 USD GDP (QoQ) (Q2) 4.00% 4.10%
19:30 USD Pending Home Sales (MoM) (Jul) - 0.90%
20:00 USD Crude Oil Inventories -1.497M -5.836M
Thursday, August 30, 2018
18:00 USD Initial Jobless Claims - -
18:00 USD PCE Deflator (YoY) - 2.20%
18:00 USD PCE Deflator (MoM) - 0.10%
18:00 USD Personal Spending (MoM) (Jul) 0.40% 0.40%
Friday, August 31, 2018
6:30 CNY Manufacturing PMI (Aug) 51 51.2
6:30 CNY Non-Manufacturing PMI (Aug) - 54
17:30 INR GDP Quarterly (YoY) (Q1) 7.60% 7.70%
5 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
Continued .......
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 424.95 409.65 394.35 385.60 379.03 370.25 363.70 348.40 333.10
ASIANPAINT 1540.90 1494.95 1449.00 1421.05 1403.05 1375.10 1357.10 1311.15 1265.20
AXISBANK 715.55 688.20 660.85 649.70 633.48 622.30 606.10 578.75 551.40
BAJAJ-AUTO 3022.15 2916.15 2810.15 2744.30 2704.13 2638.25 2598.10 2492.10 2386.10
BAJAJFINSV 7600.15 7427.35 7254.55 7151.30 7081.75 6978.50 6908.95 6736.15 6563.35
BAJFINANCE 3252.05 3133.45 3014.85 2967.70 2896.23 2849.05 2777.60 2659.00 2540.40
BHARTIARTL 410.30 396.65 383.00 375.60 369.33 361.90 355.65 342.00 328.35
BPCL 450.75 422.00 393.25 375.50 364.50 346.75 335.75 307.00 278.25
CIPLA 720.90 698.30 675.70 663.80 653.10 641.20 630.50 607.90 585.30
COALINDIA 324.75 312.75 300.75 295.75 288.73 283.70 276.70 264.70 252.70
DRREDDY 2937.40 2771.50 2605.60 2525.30 2439.70 2359.40 2273.80 2107.90 1942.00
EICHERMOT 31464.00 30540.00 29616.00 29308.00 28691.98 28383.95 27767.95 26843.95 25919.95
GAIL 433.45 416.45 399.45 389.90 382.43 372.85 365.40 348.40 331.40
GRASIM 1179.00 1137.00 1095.00 1078.00 1053.00 1036.00 1011.00 969.00 927.00
HCLTECH 1172.65 1120.60 1068.55 1046.00 1016.48 993.90 964.40 912.35 860.30
HDFC 2112.05 2048.40 1984.75 1950.90 1921.08 1887.20 1857.40 1793.75 1730.10
6 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
HDFCBANK 2220.55 2174.60 2128.65 2099.35 2082.68 2053.35 2036.70 1990.75 1944.80
HEROMOTOCO 3700.75 3552.95 3405.15 3312.60 3257.33 3164.75 3109.50 2961.70 2813.90
HINDALCO 257.00 245.50 234.00 228.30 222.47 216.75 210.95 199.45 187.95
HINDPETRO 313.50 296.80 280.10 269.65 263.37 252.90 246.65 229.95 213.25
HINDUNILVR 1956.60 1897.95 1839.30 1811.30 1780.63 1752.60 1721.95 1663.30 1604.65
IBULHSGFIN 1440.40 1386.00 1331.60 1298.80 1277.20 1244.40 1222.80 1168.40 1114.00
ICICIBANK 378.65 363.50 348.35 339.10 333.20 323.95 318.05 302.90 287.75
INDUSINDBK 2188.35 2109.90 2031.45 1984.45 1952.98 1905.95 1874.50 1796.05 1717.60
INFRATEL 322.75 310.20 297.65 291.35 285.08 278.75 272.50 259.95 247.40
INFY 1490.30 1455.85 1421.40 1400.40 1386.93 1365.90 1352.45 1318.00 1283.55
IOC 182.00 173.15 164.30 159.40 155.45 150.55 146.60 137.75 128.90
ITC 341.60 331.60 321.60 316.15 311.57 306.10 301.55 291.55 281.55
KOTAKBANK 1384.15 1341.90 1299.65 1276.75 1257.37 1234.45 1215.10 1172.85 1130.60
LT 1575.35 1493.45 1411.55 1377.30 1329.63 1295.35 1247.70 1165.80 1083.90
LUPIN 1055.15 1002.35 949.55 928.50 896.73 875.65 843.90 791.10 738.30
M&M 1052.05 1024.10 996.15 982.10 968.18 954.10 940.20 912.25 884.30
7 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Weekly Pivots
MARUTI 9852.95 9623.45 9393.95 9278.50 9164.43 9048.95 8934.90 8705.40 8475.90
NTPC 193.30 183.25 173.20 168.65 163.12 158.55 153.05 143.00 132.95
ONGC 209.20 196.70 184.20 179.40 171.70 166.90 159.20 146.70 134.20
POWERGRID 217.15 208.15 199.15 194.65 190.12 185.60 181.10 172.10 163.10
RELIANCE 1471.80 1399.50 1327.20 1302.10 1254.87 1229.75 1182.55 1110.25 1037.95
SBIN 334.25 323.70 313.15 306.90 302.58 296.30 292.00 281.45 270.90
SUNPHARMA 711.70 684.90 658.10 643.90 631.30 617.10 604.50 577.70 550.90
TATAMOTORS 320.75 301.05 281.35 268.25 261.62 248.50 241.90 222.20 202.50
TATASTEEL 684.60 650.40 616.20 595.75 582.00 561.55 547.80 513.60 479.40
TCS 2157.35 2115.05 2072.75 2057.20 2030.43 2014.85 1988.10 1945.80 1903.50
TECHM 890.60 830.85 771.10 744.40 711.32 684.60 651.55 591.80 532.05
TITAN 1086.80 1025.80 964.80 925.10 903.80 864.10 842.80 781.80 720.80
ULTRACEMCO 4707.00 4581.00 4455.00 4385.00 4329.00 4259.00 4203.00 4077.00 3951.00
UPL 840.85 775.85 710.85 682.70 645.83 617.65 580.80 515.80 450.80
VEDL 259.05 246.10 233.15 228.35 220.18 215.35 207.20 194.25 181.30
WIPRO 333.20 318.35 303.50 297.30 288.65 282.45 273.80 258.95 244.10
YESBANK 477.10 445.95 414.80 394.45 383.63 363.25 352.45 321.30 290.15
ZEEL 557.70 541.60 525.50 518.20 509.37 502.05 493.25 477.15 461.05
8 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
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: 11600
Major Support Levels: 11500 by 11000
Open Interest & Price Analysis
DIVISLAB 29.21% 10.83%
PNB 18.01% 2.63%
BHEL 14.27% 8.42%
AJANTPHARM 13.23% 2.60%
PEL 11.93% 6.53%
CUMMINSIND -18.56% 12.32%
ADANIENT -18.26% 2.62%
KSCL -12.82% 3.97%
KAJARIACER -12.43% 16.53%
STAR -9.79% 7.03%
MGL 327.78% -8.15%
HEXAWARE 172.34% -12.51%
BPCL 46.21% -5.39%
FEDERALBNK 38.03% -5.44%
JETAIRWAYS 29.42% -9.02%
- - -
- - -
- - -
- - -
- - -
9 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
With the help from most of the global markets Our Indian Equity benchmarks started the last week on a positive note and con-
tinued its bullish run for next couple of days where it made its life time high of 11620.70. However, the sentiment was hit to-
wards the fag end of the week. No breakthrough in the two-day talks between US and Chinese officials, a weakening Indian
currency, and profit-booking around the all-time high levels were among the major factors which amplified uncertainty. The
Nifty-50 closed 172.05 points higher closing the festival week on positive note. For the week, the Pharma index rose 4%, the
Infrastructure index shot up 4%, the Energy index rose 3.6%, the IT index gained 1.2%, the FMCG index was up 0.8%, the Mid-
cap 100 index was up 0.8%, the Media index was up 0.7%, the Auto index was up 0.7%, and the Metal index edged higher 0.6%.
On global front all major indices showed good strength and remained positive throughout the week, specially Asian markets
were outperformers including Shanghai , Kospi and Hang-Seng. USD/INR gave closing on 69.91 providing some respite to Indian
Rupees after setting its all time in last week. Meanwhile, the Indian economy is expected to grow by around 7.5% in 2018 and
2019, Moody's Investors Service has said. The growth is being supported by strong urban and rural demand and improved in-
dustrial activity.
Technical Outlook
The Nifty50 snapped four-day winning streak and closed range bound session on a weak note Friday, forming an
indecisive pattern known as 'Doji' on the daily candlestick charts, which also resembles 'Spinning Top' kind of pat-
tern. On the weekly scale, the index formed bullish candle. Hence, selling shall get accelerated if it breaches the 39-
day old ascending channel, whose support is placed around 11,532, which is in progress from the lows of 10,550
levels, "A decisive break-down below the said channel shall open up a new target placed around 11,350 levels Continued тАж....
Nifty Analysis
R4 11903.75
R3 11791.80
R2 11679.85
R1 11625.75
PP 11567.90
S1 11513.80
S2 11455.95
S3 11344.00
S4 11232.05
10 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
Continued тАж....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 11541. It can test the
level of Rs. 11421 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 11625.
Nifty Analysis
ACTION SELL
ENTRY PRICE BELOW 11541
TARGET 11421
STOP LOSS 11625
20 Days EMA POSITIVE
50 Days EMA POSITIVE
200 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE
Next trading session a close below 11,498 levels shall confirm the short term down trend there by intensifying
the selling pressure further which shall eventually lead to the test of 11,340 levels. Resistance levels are placed
at 11622 which is all time high for the index.
11 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
The Nifty Bank index started the last week on positive note on Monday but soon showed profit booking from higher levels
as it traded with bearish movement throughout the week, which led index to give closing on sideways note on weekly basis.
Going ahead, index has formed some short of double top price pattern on higher levels and if index manages to sustain be-
low the levels of 28000 then it can show some down side movement can test downside levels of 27600-27500. Bank Nifty
has crucial resistance of 28386 levels, while 27820 levels remains an important support levels for the Bank Nifty index.
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 27820. It can test the
level of Rs. 27520 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 28010.
.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 29598.25
R3 29081.90
R2 28565.55
R1 28237.15
PP 28049.20
S1 27720.80
S2 27532.85
S3 27016.50
S4 26500.15
ACTION SELL
ENTRY PRICE BELOW 27820
TARGET 27520
STOP LOSS 28010
12 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
Technical Outlook
Overall trend of the Stock is bullish for long term . For short-medium term stock is in some correction phase. Last week
stock started on positive note and traded with sideways movement throughout the week. Stock has gave breakout of its
major resistance levels on daily chart and trading above this levels . It can show good positive move in coming weeks if it
manages to trade above 664 levels.
For this week, traders can adopt buy on lower level strategy in it and above the level of 664 it can test the level
of Rs. 684 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 652.
DHFL Cash( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 765.95
R3 732.20
R2 698.45
R1 678.25
PP 664.70
S1 644.50
S2 630.95
S3 597.20
S4 563.45
ACTION BUY
ENTRY PRICE ABOVE 664.00
TARGET 684.00
STOP LOSS 652.00
13 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
Technical Outlook
Overall trend of the Stock is side-ways for long term . For short-medium term stock is in bullish phase . Last
week stock started on positive note and traded with bullish movement throughout the week . On daily chart it
has gave breakout of its major trend line. If it manages to trade above 295.50 levels than good up side move
can 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 295.50 it can test the
level of Rs. 304 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 298.80
COAL INDIA Cash ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE ABOVE 445.00
TARGET 462.00
STOP LOSS 435.00
R4 324.70
R3 312.65
R2 300.60
R1 295.75
PP 288.55
S1 283.70
S2 276.50
S3 264.45
S4 252.40
14 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
Technical Outlook
Last week, LT Aug Futures started the week with gap up opening and continued given the up side movement
for the entire week. It made a high of 1364 during the week and closed at 1342.40 with the overall gain of
7.50% on weekly basis. Technically itтАЩs recovering from the lower levels with the volume breakout and for this
week, we can expect further long unwinding in it.
For this week, traders can adopt buy on resistance levels breakout strategy in it and above the level of 1364 it can
test the level of Rs. 1384 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1354
LT FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1574.15
R3 1492.60
R2 1411.05
R1 1376.55
PP 1329.50
S1 1295.00
S2 1247.95
S3 1166.40
S4 1084.85
ACTION BUY
ENTRY PRICE ABOVE 1364
TARGET 1384.00
STOP LOSS 1354.00
15 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
Last week, SUNTV Aug Futures started the week on negative note and after that it witnessed down-
side movement at the end of week. It made a high of 811.25 during the week and closed 770.30 with
the overall decline of almost 2% on weekly basis. Technically itтАЩs near the support zone and sustaining
below the trend line breakout with the negative RSI. For this week, we can expect downside move-
ment in it
For this week, traders can adopt sell on higher levels strategy in it and below the level of 765 it can test the
level of Rs.751 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 772
SUN TV FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 912.95
R3 869.70
R2 826.45
R1 798.40
PP 783.20
S1 755.15
S2 739.95
S3 696.70
S4 653.45
ACTION SELL
ENTRY PRICE ABOVE 765
TARGET 751.00
STOP LOSS 772.00
16 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
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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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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.
рдпрд╣ рджрд╕реНрддрд╛рд╡реЗрдЬрд╝, рд╕рд╡реЛрддреНрддрдо рд░реВрдк рд╕реЗ, Ways2Capital рдЗрдХрд┐рдЯреА / рдХрдореЛрдирдбрдЯреАрдЬ рдЕрдиреБрд╕рдВрдзрд╛рди рдХрд╛ рдкреНрд░рдирддрдирдирдирдзрддреНрд╡ рдХрд░рддрд╛ рд╣реИ рдФрд░ рд╕рд╛рдорд╛рдиреНрдп рдЬрд╛рдирдХрд╛рд░реА рдХреЗ рдирд▓рдП рд╣реА рд╣реИ | Ways2Capital рдЗрдХрд┐рдЯреА / рдХрдореЛрдирдбрдЯреАрдЬ рдЕрдиреБрд╕рдВрдзрд╛рди, рдЗрд╕рдХреЗ рдирдирджреЗрд╢рдХреЛрдВ, рдЕрдирдзрдХрд╛рд░реА рдпрд╛ рдХрдорд╛рдЪрд╛рд░реА рдХрдХрд╕реА рднреА рддрд░рд╣ рд╕реЗ рд╕рдВрдмрдВрдирдзрдд рд╕рд╛рдордЧреНрд░реА рдХреЗ рдирд▓рдП рдирдЬрдореНрдореЗрджрд╛рд░ рдирд╣реАрдВ рд╣реИред|
Ways2Capital рдЗрдХрд┐рдЯреА / рдХрдореЛрдирдбрдЯреАрдЬ рдЕрдиреБрд╕рдВрдзрд╛рди рдХрдХрд╕реА рднреА рдФрд░ рд╕рднреА рдЙрддреНрддрд░рджрд╛рдирдпрддреНрд╡реЛрдВ рдХреЛ рд╕реНрдкрд╖реНрдЯ рд░реВрдк рд╕реЗ рдЕрд╕реНрд╡реАрдХрд╛рд░ рдХрд░рддрд╛ рд╣реИ рдЬреЛ рдЗрд╕ рд╕рдВрдмрдВрдз рдореЗрдВ рд╕реВрдЪрдирд╛, рддреНрд░реБрд░рдЯрдпреЛрдВ рдпрд╛ рдЪреВрдХ рд╕реЗ рдкреИрджрд╛ рд╣реЛ рд╕рдХрддрд╛ рд╣реИ| рдЗрд╕ рджрд╕реНрддрд╛рд╡реЗрдЬ рдХреЛ рдХрдХрд╕реА рднреА рдкреНрд░рдирддрднреВрдирдд рдпрд╛ рд╡рд╕реНрддреБ рдХреЛ рдЦрд░реАрджрдиреЗ рдХреЗ рдирд▓рдП рдмреЗрдЪрдиреЗ рдпрд╛ рдПрдХ рдЖрдЧреНрд░рд╣ рдХреЗ рдирд▓рдП рдкреНрд░рд╕реНрддрд╛рд╡ рдХреЗ рд░реВрдк рдореЗрдВ рдирд╣реАрдВ рдорд╛рдирд╛ рдЬрд╛
рд╕рдХрддрд╛ рд╣реИ|
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.
рдЙрдкрд░реЛрдХреНрдд рд╕рднреА рд╕реВрдЪрдирд╛, рд╕реНрддрд░ рдФрд░ рд╕реБрдЭрд╛рд╡, Ways2Capital рдХреЗ рдирд╡рд╢реЗрд╖рдЬреНрдЮ рдХреЗ рдкреИрдирд▓ рджреНрд╡рд╛рд░рд╛ рдХрдХрдП рдЧрдП рддрдХрдиреАрдХреА рдФрд░ рдореМрдирд▓рдХ рдЕрдиреБрд╕рдВрдзрд╛рди рдХреЗ рдЖрдзрд╛рд░ рдкрд░ рджреА рдЧрдИ рд╣реИрдВ, рд▓реЗрдХрдХрди рд╣рдо рдХрджрдП рдЧрдП рд╕реБрдЭрд╛рд╡реЛрдВ рдХреА рддреНрд░реБрд░рдЯрдпреЛрдВ рдХреЗ рдирд▓рдП рдХреЛрдИ рджрд╛рдирдпрддреНрд╡ рд╕реНрд╡реАрдХрд╛рд░ рдирд╣реАрдВ рдХрд░рддреЗ рд╣реИрдВ | рд╡реЗрдмрд╕рд╛рдЗрдЯ рдХреЗ рдорд╛рдзреНрдпрдо рд╕реЗ рд╕рд░реНрдлрд┐рдВрдЧ рдХрд░рдиреЗ рд╡рд╛рд▓реЗ рд▓реЛрдЧреЛрдВ рдХреЛ рдЕрдкрдиреА рдкрд╕рдВрдж рдХреЗ рдЙрддреНрдкрд╛рдж рд╕реЗрд╡рд╛рдУрдВ рдХреЛ
рдЪреБрдирдиреЗ рдХрд╛ рдЕрдирдзрдХрд╛рд░ рд╣реИ|
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.
рдЗрдХрд┐рдЯреА / рдХрдореЛрдирдбрдЯреА рдмрд╛рдЬрд╛рд░ рдореЗрдВ рдХреЛрдИ рднреА рдирдирд╡реЗрд╢ рдЬреЛрдирдЦрдо рдХреЗ рдЕрдзреАрди рд╣реЛрддрд╛ рд╣реИ, рдХрдВрдкрдиреА рдЗрди рд╕реБрдЭрд╛рд╡реЛрдВ рдкрд░ рдХрдХрдП рдЧрдП рдХрдХрд╕реА рднреА рдиреБрдХрд╕рд╛рди рдХреЗ рдирд▓рдП рдЙрддреНрддрд░рджрд╛рдпреА рдирд╣реАрдВ рд╣реЛрдЧреА | рдпрд╣ рд╕реНрддрд░ рднрдирд╡рд╖реНрдп рдХреЗ рдХреАрдорддреЛрдВ рдХреА рдЧрдирдд рдХрд╛ рд╕рдВрдХреЗрдд рдирд╣реАрдВ рджреЗрддреЗ рд╣реИ| рд╡реЗрдмрд╕рд╛рдЗрдЯ рдХреЗ рдорд╛рдзреНрдпрдо рд╕реЗ рдХрдХрд╕реА рднреА рдмреНрд░рд╛рдЙрдЬрдЬрд╝рдЧ рдХрд╛ рдЕрдерд╛ рд╣реИ рдЕрд╕реНрд╡реАрдХрд░рдг рдХреА рд╕реНрд╡реАрдХреГрдирддред
DISCLOSURE ( рдкреНрд░рдХрдЯреАрдХрд░рдг) :
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.
рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдЧреА рдХрдВрдкрдирдирдпрд╛рдВ рдЕрдиреБрд╕рдВрдзрд╛рди рд░рд░рдкреЛрдЯрд╛ рдореЗрдВ рд╢рд╛рдирдорд▓ рдХрдВрдкрдирдирдпреЛрдВ рдХреЗ рд╕рд╛рде рдХрд╛рд░реЛрдмрд╛рд░ рдирд╣реАрдВ рдХрд░рддреА рд╣реИрдВ рдФрд░ рди рд╣реА рдХрдХрд╕реА рднреА рддрд░рд╣ рдХреЗ рдЙрддреНрдкрд╛рджреЛрдВ / рдкреНрд░рдирддрднреВрдирддрдпреЛрдВ рдХреЗ рдЬрд╛рд░реАрдХрддрд╛рд╛ рдХреЗ рд╕рд╛рде рдЬреБрдбреА рд╣реИрдВ, рдЬреЛ рдпрд╣ рд╕реБрдирдирдирд┐рдд рдХрд░рддрд╛ рд╣реИ рдХрдХ рдирд╣рддреЛрдВ рдХреЗ рдирд▓рдП рдХреЛрдИ рд╡рд╛рд╕реНрддрдирд╡рдХ рдпрд╛
рд╕рдВрднрд╛рдирд╡рдд рд╕рдВрдШрд╖рд╛ рдирд╣реАрдВ рд╣реИ | рдирдирдпрд╛рдордХ рдирдирдХрд╛рдп рдХреЗ рдЕрдиреБрдкрд╛рд▓рди рдХреЛ рд╕реБрдирдирдирд┐рдд рдХрд░рдиреЗ рдХреЗ рдирд▓рдП рд╣рдордиреЗ рдпрд╣ рддрдп рдХрдХрдпрд╛ рд╣реИ рдХрдХ рдХрдВрдкрдиреА рдФрд░ рдЙрд╕рдХреЗ рдХреЛрдИ рднреА рдкреНрд░рдирддрдирдирдирдз рдмрд╛рдЬрд╝рд╛рд░ рдореЗрдВ рдЯреНрд░реЗрдб рдирд╣реАрдВ рдХрд░реЗрдВрдЧреЗред
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been filed against the company since the incorporation of the company by regulatory body.
Disclaimer
17 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018
рдЧреНрд░рд╛рд╣рдХреЛрдВ рдХреЛ рдпрд╣ рд╕рд▓рд╛рд╣ рджреА рдЬрд╛рддреА рд╣реИ рдХрдХ рд╡реЗ рд░рд░рдкреЛрдЯрд╛ рдореЗрдВ рджреА рдЧрдИ рдЬрд╛рдирдХрд╛рд░реА рдХреЛ рдХреЗрд╡рд▓ рд░рд╛рдп рдХреЗ рд░реВрдк рдореЗрдВ рджреЗрдЦреЗрдВ рдФрд░ рдирдирд╡реЗрд╢ рдХреЗ рдирд▓рдП рд╕реНрд╡рдпрдВ рд┐рдВреИ рд╕рд▓рд╛ рдХрд░реЗрдВ | рдЧреНрд░рд╛рд╣рдХреЛрдВ рдХреЛ рд╡реЗрдмрд╕рд╛рдЗрдЯ рдкрд░ рдкреНрд░рдХрд╛рдирд╢рдд рд╕реЗрд╡рд╛рдУрдВ рдХреЗ рдирдирдпрдореЛрдВ рдФрд░ рд╢рддреЛрдВ рдХреЛ рдкрдврд╝рдиреЗ рдФрд░ рд╕рдордЭрдиреЗ рдХреА рднреА рд╕рд▓рд╛рд╣ рджреА рдЬрд╛рддреА рд╣реИ | рдХрдВ рдкрдиреА рдХреЗ рдирдирдЧрдорди рдХреЗ рдмрд╛рдж рдирдирдпрд╛рдордХ рдирдирдХрд╛рдп рджреНрд╡рд╛рд░рд╛рдХрдВрдкрдиреА рдХреЗ
рдирдЦрд▓рд╛рд┐рдВ рдХреЛрдИ рдореБрдХрджрдорд╛ (рдпрд╛рдирдЪрдХрд╛) рджрд╛рдпрд░ рдирд╣реАрдВ рдХрдХрдпрд╛ рдЧрдпрд╛ рд╣реИред
DISCLOSURE APPENDIX ( рдкреНрд░рдХрдЯреАрдХрд░рдг рдкрд░рд░рдирд╢рд╖реНрдЯ ) :
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.
рд░рд░рдкреЛрдЯрд╛ рдирд╡рд╢реНрд▓реЗрд╖рдХреЛрдВ рджреНрд╡рд╛рд░рд╛ рддреИрдпрд╛рд░ рдХреА рдЧрдпреА рд╣реИ рдЬреЛ рджреНрд╡рд╛рд░рд╛ рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рджреНрд╡рд╛рд░рд╛ рдирдирдпреБрдХреНрдд рд╣реИрдВ | рдЗрд╕ рд░рд░рдкреЛрдЯрд╛ рдореЗрдВ рд╡реНрдпрдХреНрдд рд╕рднреА рдирд╡рдЪрд╛рд░ рдХрдВрдкрдиреА рдХреЗ рдмрд╛рд░реЗ рдореЗрдВ рд╡реНрдпрдирдХреНрддрдЧрдд рдирд╡рдЪрд╛рд░реЛрдВ рдХреЛ рджрд╢рд╛рд╛рддрд╛ рд╣реИ рдФрд░ рдХрдВрдкрдирдирдпреЛрдВ рдФрд░ рдЙрдирдХреА рдкреНрд░рдирддрднреВрдирддрдпрд╛рдВ рдФрд░ рдХреНрд╖рдирддрдкреВрд░реНрддрдд (рдореБрдЖрд╡рдЬреЗ) рдХрд╛ рдХреЛрдИ рдирд╣рд╕реНрд╕рд╛, рдпрд╛ рдЗрд╕
рд╢реЛрдз рд░рд░рдкреЛрдЯрд╛ рдореЗрдВ рдирдирдирд╣рдд рдирд╡рд╢реЗрд╖ рд╕реБрдЭрд╛рд╡реЛрдВ рдпрд╛ рдирд╡рдЪрд╛рд░реЛрдВ рд╕реЗ рдкреНрд░рддреНрдпрдХреНрд╖ рдпрд╛ рдЕрдкреНрд░рддреНрдпрдХреНрд╖ рд░реВрдк рд╕реЗ рд╕рдВрдмрдВрдирдзрдд рдирд╣реАрдВ рд╣реЛрдЧрд╛ред
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (рдирд╣рддреЛрдВ рдХреЗ рд╕рдВрдШрд╖рд╛ рдХреЗ рдорд╛рдорд▓реЗ рдореЗрдВ рдкреНрд░рдХрдЯреАрдХрд░рдг ):
(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;
(рдЕ) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдЧреА рдпрд╛ рдЙрдирдХреЗ рдХрдХрд╕реА рднреА рддрддреНрдХрд╛рд▓ рд░рд░рд╢реНрддреЗрджрд╛рд░ рдХреА рдирд╡рд╖рдп рдХрдВрдкрдиреА рдореЗрдВ рдХреЛрдИ рдирд╡рддреНрддреАрдп рд░реБрдирдЪ рдирд╣реАрдВ рд╣реИ рдФрд░ рди рд╣реА рдЗрд╕ рддрд░рд╣ рдХреА рдирд╡рддреНрддреАрдп рдирд╣рдд рдХреА рдкреНрд░рдХреГрдирдд рд╣реИ|
(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,
( рдм) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдЧреА рдпрд╛ рдЙрдирдХреЗ рдХрдХрд╕реА рднреА рддрддреНрдХрд╛рд▓ рд░рд░рд╢реНрддреЗрджрд╛рд░ рдХреА рдирд╡рд╖рдп рдХрдВрдкрдиреА рдХреА рдкреНрд░рдирддрднреВрдирддрдпреЛрдВ рдореЗрдВ рдПрдХ рдкреНрд░рдирддрд╢рдд рдпрд╛ рдЙрд╕рд╕реЗ рдЕрдирдзрдХ рдХреЗ рд╡рд╛рд╕реНрддрдирд╡рдХ / рд┐рдВрд╛рдпрджреЗрдордВрдж рд╕реНрд╡рд╛рдирдорддреНрд╡ рдирд╣реАрдВ рд╣реИрдВ |
(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;
( рд╕) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдирдЧрдпреЛрдВ рдХреЛ рдЕрдиреБрд╕рдВрдзрд╛рди рд░рд░рдкреЛрдЯрд╛ рдХреЗ рдкреНрд░рдХрд╛рд╢рди рдХреЗ рд╕рдордп рдпрд╛ рд╕рд╛рд╡рд╛рдЬрдирдирдХ рд░реВрдк рд╕реЗ рдЙрдкрдирд╕реНрдердд рд╣реЛрдиреЗ рдХреЗ рд╕рдордп рдХреЛрдИ рдЕрдиреНрдп рднреМрдирддрдХ рд╕рдВрдШрд╖рд╛ рдирд╣реАрдВ рд╣реИ|
DISCLOSURE IN TERMS OF COMPENSATION ( рдХреНрд╖рдирддрдкреВрд░реНрддрдд рдХреЗ рд╕рдВрджрднрд╛ рдореЗрдВ рдкреНрд░рдХрдЯреАрдХрд░рдг):
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.
рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдХреА рдкреЙрдирд▓рд╕реА рдЕрдкрдиреЗ рдирд╡рд╢реНрд▓реЗрд╖рдХреЛрдВ, рдкреЗрд╢реЗрд╡рд░реЛрдВ рдХреЛ рдирд╡рд╢реНрд▓реЗрд╖рдХ рдХреЗ рдХреНрд╖реЗрддреНрд░ рдореЗрдВ рдХрдХрд╕реА рднреА рдХрдВрдкрдиреА рдХреА рдкреНрд░рдирддрднреВрдирддрдпреЛрдВ рдХреЗ рд╕реНрд╡рд╛рдореА рд╕реЗ рдирд╡рд╢реНрд▓реЗрд╖рдХреЛрдВ рдХреЛ рд░рд░рдкреЛрдЯрд╛ рдХрд░рдиреЗ рд╕реЗ рд░реЛрдХрддреА рд╣реИред
рдирд╡рд╢реНрд▓реЗрд╖рдХ рдХреНрд╖рдирддрдкреВрд░реНрддрдд : рдирд╡рд╢реНрд▓реЗрд╖рдХ рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдХреЗ рд╡реЗрддрди рдЖрдзрд╛рд░рд░рдд рд╕реНрдерд╛рдпреА рдХрдорд╛рдЪрд╛рд░реА рд╣реИ |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (рд╕рд╛рд╡рд╛рдЬрдирдирдХ рдкреНрд░рдХрдЯрди рдХреЗ рдорд╛рдорд▓реЗ рдореЗрдВ рдкреНрд░рдХрдЯреАрдХрд░рдг ) :
(a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months;
(рдЕ) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдЧреАрдпреЛрдВ рдиреЗ рдирдкрд┐рд▓реЗ 12 рдорд╣реАрдиреЛрдВ рдореЗрдВ рдирд╡рд╖рдп рдХрдВрдкрдиреА рд╕реЗ рдХреЛрдИ рдореБрдЖрд╡рдЬрд╛ рдкреНрд░рд╛рдкреНрдд рдирд╣реАрдВ рдХрдХрдпрд╛ рд╣реИ |
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report.
(рдм) рдЕрдиреБрд╕рдВрдзрд╛рди рд░рд░рдкреЛрдЯрд╛ рдХреЗ рдирд╡рддрд░рдг рдХреА рдирддрдирде рд╕реЗ рдкреВрд╡рд╛ рдмрд╛рд░рд╣ рдорд╣реАрдиреЛрдВ рдХреЗ рджреМрд░рд╛рди рдирд╡рд╖рдп рдХрдВрдкрдиреА рдЕрдм рдпрд╛ рдХрднреА рднреА рдЧреНрд░рд╛рд╣рдХ рдирд╣реАрдВ рд░рд╣реА рд╣реИред
(c ) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company;
(рд╕) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдЧреАрдпреЛрдВ рдиреЗ рдирд╡рд╖рдп рдХрдВрдкрдиреА рдХреЗ рдЕрдирдзрдХрд╛рд░реА, рдирдирджреЗрд╢рдХ рдпрд╛ рдХрдорд╛рдЪрд╛рд░реА рдХреЗ рд░реВрдк рдореЗрдВ рдХрднреА рднреА рдХрд╛рдо
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Equity Research Report 27 August 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 ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 CURRENCY MARKET UPDATE CURRENCY PAIR CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE MAJOR INDICES INDEX CLOSING AS ON 24 th Aug 18 WEEKLY CHANGES WEEKLY % CHANGE COMMODITY MARKET UPDATE COMMODITY CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE Market WrapтАУUp Nifty 11557.10 172.05 1.51% Nifty 100 11856.2 208.45 1.79% Nifty 200 6159.10 107.45 1.78% Nifty 500 9850.8 165.15 1.71% Nifty VIX 12.41 -1.24 -9.07% Nifty Bank 27834.7 8.15 0.03% Nifty Auto 10903.00 72.05 0.67% Nifty Finance 11592.15 55.70 0.48% Nifty FMCG 32385.55 654.30 2.06% Nifty IT 15260.05 215.70 1.43% Nifty Media 2871.15 53.90 1.91% Nifty Metal 3481.2 144.15 4.32% Nifty Pharma 10061.10 465.75 4.85% Nifty PSU Banks 3214.6 87.15 2.79% Nifty PVT Bank 15814.50 -213.05 -1.33% Nifty Realty 273.45 -0.20 -0.07% USDINR 69.9425 70.3100 -0.52% GBPINR 89.9075 89.3700 0.60% EURINR 81.0250 80.0150 1.26% JPYINR 62.8175 63.4375 -0.98% EURUSD 1.1597 1.1403 1.70% GBPUSD 1.2851 1.2743 0.85% Dollar Index 95.08 96.00 -0.96% Gold COMEX 1212.30 1191.80 1.72% Gold MCX 29903 29349 1.89% Crude Oil NYMEX 68.54 65.91 3.99% Crude Oil MCX 4804 4571 5.10% Brent Oil NYMEX 75.63 71.80 5.33% Copper MCX 416.25 407.65 2.11% Natural Gas NYMEX 2.912 2.946 -1.15%
  • 3. 3 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 WEEKLY GAINERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK HIGH WEEKLY LOSERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK LOW Market at a Glance L&T 1342.80 8.91% 1469.60 TECH MAHINDRA 717.00 7.48% 738.00 VEDANTA 223.95 7.38% 355.70 UPL LTD 652.55 6.89% 856.00 LUPIN 907.15 6.81% 1090.00 BPCL 357.55 -5.41% 354.30 TITAN 887.95 -3.40% 563.60 GAIL 380.30 -3.40% 279.75 INFOSYS 1379.95 -3.18% 874.00 INDUSLAND BANK 1927.25 -2.82% 1573.00
  • 4. 4 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 ECONOMIC EVENTS CALENDER TIME CURRENY EVENT FORECAST PREVIOUS Economic Calendar Monday, August 27, 2018 All Day USD United Kingdom - Summer Bank Holiday Holiday Tuesday, August 28, 2018 19:30 USD CB Consumer Confidence (Aug) 126.2 127.4 Wednesday, August 29, 2018 18:00 USD GDP (QoQ) (Q2) 4.00% 4.10% 19:30 USD Pending Home Sales (MoM) (Jul) - 0.90% 20:00 USD Crude Oil Inventories -1.497M -5.836M Thursday, August 30, 2018 18:00 USD Initial Jobless Claims - - 18:00 USD PCE Deflator (YoY) - 2.20% 18:00 USD PCE Deflator (MoM) - 0.10% 18:00 USD Personal Spending (MoM) (Jul) 0.40% 0.40% Friday, August 31, 2018 6:30 CNY Manufacturing PMI (Aug) 51 51.2 6:30 CNY Non-Manufacturing PMI (Aug) - 54 17:30 INR GDP Quarterly (YoY) (Q1) 7.60% 7.70%
  • 5. 5 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 Continued ....... Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 ADANIPORTS 424.95 409.65 394.35 385.60 379.03 370.25 363.70 348.40 333.10 ASIANPAINT 1540.90 1494.95 1449.00 1421.05 1403.05 1375.10 1357.10 1311.15 1265.20 AXISBANK 715.55 688.20 660.85 649.70 633.48 622.30 606.10 578.75 551.40 BAJAJ-AUTO 3022.15 2916.15 2810.15 2744.30 2704.13 2638.25 2598.10 2492.10 2386.10 BAJAJFINSV 7600.15 7427.35 7254.55 7151.30 7081.75 6978.50 6908.95 6736.15 6563.35 BAJFINANCE 3252.05 3133.45 3014.85 2967.70 2896.23 2849.05 2777.60 2659.00 2540.40 BHARTIARTL 410.30 396.65 383.00 375.60 369.33 361.90 355.65 342.00 328.35 BPCL 450.75 422.00 393.25 375.50 364.50 346.75 335.75 307.00 278.25 CIPLA 720.90 698.30 675.70 663.80 653.10 641.20 630.50 607.90 585.30 COALINDIA 324.75 312.75 300.75 295.75 288.73 283.70 276.70 264.70 252.70 DRREDDY 2937.40 2771.50 2605.60 2525.30 2439.70 2359.40 2273.80 2107.90 1942.00 EICHERMOT 31464.00 30540.00 29616.00 29308.00 28691.98 28383.95 27767.95 26843.95 25919.95 GAIL 433.45 416.45 399.45 389.90 382.43 372.85 365.40 348.40 331.40 GRASIM 1179.00 1137.00 1095.00 1078.00 1053.00 1036.00 1011.00 969.00 927.00 HCLTECH 1172.65 1120.60 1068.55 1046.00 1016.48 993.90 964.40 912.35 860.30 HDFC 2112.05 2048.40 1984.75 1950.90 1921.08 1887.20 1857.40 1793.75 1730.10
  • 6. 6 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots HDFCBANK 2220.55 2174.60 2128.65 2099.35 2082.68 2053.35 2036.70 1990.75 1944.80 HEROMOTOCO 3700.75 3552.95 3405.15 3312.60 3257.33 3164.75 3109.50 2961.70 2813.90 HINDALCO 257.00 245.50 234.00 228.30 222.47 216.75 210.95 199.45 187.95 HINDPETRO 313.50 296.80 280.10 269.65 263.37 252.90 246.65 229.95 213.25 HINDUNILVR 1956.60 1897.95 1839.30 1811.30 1780.63 1752.60 1721.95 1663.30 1604.65 IBULHSGFIN 1440.40 1386.00 1331.60 1298.80 1277.20 1244.40 1222.80 1168.40 1114.00 ICICIBANK 378.65 363.50 348.35 339.10 333.20 323.95 318.05 302.90 287.75 INDUSINDBK 2188.35 2109.90 2031.45 1984.45 1952.98 1905.95 1874.50 1796.05 1717.60 INFRATEL 322.75 310.20 297.65 291.35 285.08 278.75 272.50 259.95 247.40 INFY 1490.30 1455.85 1421.40 1400.40 1386.93 1365.90 1352.45 1318.00 1283.55 IOC 182.00 173.15 164.30 159.40 155.45 150.55 146.60 137.75 128.90 ITC 341.60 331.60 321.60 316.15 311.57 306.10 301.55 291.55 281.55 KOTAKBANK 1384.15 1341.90 1299.65 1276.75 1257.37 1234.45 1215.10 1172.85 1130.60 LT 1575.35 1493.45 1411.55 1377.30 1329.63 1295.35 1247.70 1165.80 1083.90 LUPIN 1055.15 1002.35 949.55 928.50 896.73 875.65 843.90 791.10 738.30 M&M 1052.05 1024.10 996.15 982.10 968.18 954.10 940.20 912.25 884.30
  • 7. 7 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Weekly Pivots MARUTI 9852.95 9623.45 9393.95 9278.50 9164.43 9048.95 8934.90 8705.40 8475.90 NTPC 193.30 183.25 173.20 168.65 163.12 158.55 153.05 143.00 132.95 ONGC 209.20 196.70 184.20 179.40 171.70 166.90 159.20 146.70 134.20 POWERGRID 217.15 208.15 199.15 194.65 190.12 185.60 181.10 172.10 163.10 RELIANCE 1471.80 1399.50 1327.20 1302.10 1254.87 1229.75 1182.55 1110.25 1037.95 SBIN 334.25 323.70 313.15 306.90 302.58 296.30 292.00 281.45 270.90 SUNPHARMA 711.70 684.90 658.10 643.90 631.30 617.10 604.50 577.70 550.90 TATAMOTORS 320.75 301.05 281.35 268.25 261.62 248.50 241.90 222.20 202.50 TATASTEEL 684.60 650.40 616.20 595.75 582.00 561.55 547.80 513.60 479.40 TCS 2157.35 2115.05 2072.75 2057.20 2030.43 2014.85 1988.10 1945.80 1903.50 TECHM 890.60 830.85 771.10 744.40 711.32 684.60 651.55 591.80 532.05 TITAN 1086.80 1025.80 964.80 925.10 903.80 864.10 842.80 781.80 720.80 ULTRACEMCO 4707.00 4581.00 4455.00 4385.00 4329.00 4259.00 4203.00 4077.00 3951.00 UPL 840.85 775.85 710.85 682.70 645.83 617.65 580.80 515.80 450.80 VEDL 259.05 246.10 233.15 228.35 220.18 215.35 207.20 194.25 181.30 WIPRO 333.20 318.35 303.50 297.30 288.65 282.45 273.80 258.95 244.10 YESBANK 477.10 445.95 414.80 394.45 383.63 363.25 352.45 321.30 290.15 ZEEL 557.70 541.60 525.50 518.20 509.37 502.05 493.25 477.15 461.05
  • 8. 8 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 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: 11600 Major Support Levels: 11500 by 11000 Open Interest & Price Analysis DIVISLAB 29.21% 10.83% PNB 18.01% 2.63% BHEL 14.27% 8.42% AJANTPHARM 13.23% 2.60% PEL 11.93% 6.53% CUMMINSIND -18.56% 12.32% ADANIENT -18.26% 2.62% KSCL -12.82% 3.97% KAJARIACER -12.43% 16.53% STAR -9.79% 7.03% MGL 327.78% -8.15% HEXAWARE 172.34% -12.51% BPCL 46.21% -5.39% FEDERALBNK 38.03% -5.44% JETAIRWAYS 29.42% -9.02% - - - - - - - - - - - - - - -
  • 9. 9 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 NIFTY WEEKLY PIVOTS PARTICULAR LEVEL Fundamental Outlook With the help from most of the global markets Our Indian Equity benchmarks started the last week on a positive note and con- tinued its bullish run for next couple of days where it made its life time high of 11620.70. However, the sentiment was hit to- wards the fag end of the week. No breakthrough in the two-day talks between US and Chinese officials, a weakening Indian currency, and profit-booking around the all-time high levels were among the major factors which amplified uncertainty. The Nifty-50 closed 172.05 points higher closing the festival week on positive note. For the week, the Pharma index rose 4%, the Infrastructure index shot up 4%, the Energy index rose 3.6%, the IT index gained 1.2%, the FMCG index was up 0.8%, the Mid- cap 100 index was up 0.8%, the Media index was up 0.7%, the Auto index was up 0.7%, and the Metal index edged higher 0.6%. On global front all major indices showed good strength and remained positive throughout the week, specially Asian markets were outperformers including Shanghai , Kospi and Hang-Seng. USD/INR gave closing on 69.91 providing some respite to Indian Rupees after setting its all time in last week. Meanwhile, the Indian economy is expected to grow by around 7.5% in 2018 and 2019, Moody's Investors Service has said. The growth is being supported by strong urban and rural demand and improved in- dustrial activity. Technical Outlook The Nifty50 snapped four-day winning streak and closed range bound session on a weak note Friday, forming an indecisive pattern known as 'Doji' on the daily candlestick charts, which also resembles 'Spinning Top' kind of pat- tern. On the weekly scale, the index formed bullish candle. Hence, selling shall get accelerated if it breaches the 39- day old ascending channel, whose support is placed around 11,532, which is in progress from the lows of 10,550 levels, "A decisive break-down below the said channel shall open up a new target placed around 11,350 levels Continued тАж.... Nifty Analysis R4 11903.75 R3 11791.80 R2 11679.85 R1 11625.75 PP 11567.90 S1 11513.80 S2 11455.95 S3 11344.00 S4 11232.05
  • 10. 10 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 Continued тАж.... TECHNICAL INDICATOR ANALYSIS INDICATOR CURRENT TREND WEEKLY STRATEGY PARTICULAR DETAILS For this week, traders can adopt sell on higher level strategy in it and below the level of 11541. It can test the level of Rs. 11421 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 11625. Nifty Analysis ACTION SELL ENTRY PRICE BELOW 11541 TARGET 11421 STOP LOSS 11625 20 Days EMA POSITIVE 50 Days EMA POSITIVE 200 Days EMA POSITIVE RSI POSITIVE MACD POSITIVE STOCHASTIC POSITIVE Next trading session a close below 11,498 levels shall confirm the short term down trend there by intensifying the selling pressure further which shall eventually lead to the test of 11,340 levels. Resistance levels are placed at 11622 which is all time high for the index.
  • 11. 11 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 The Nifty Bank index started the last week on positive note on Monday but soon showed profit booking from higher levels as it traded with bearish movement throughout the week, which led index to give closing on sideways note on weekly basis. Going ahead, index has formed some short of double top price pattern on higher levels and if index manages to sustain be- low the levels of 28000 then it can show some down side movement can test downside levels of 27600-27500. Bank Nifty has crucial resistance of 28386 levels, while 27820 levels remains an important support levels for the Bank Nifty index. WEEKLY STRATEGY PARTICULAR DETAILS For this week, traders can adopt sell on higher level strategy in it and below the level of 27820. It can test the level of Rs. 27520 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 28010. . WEEKLY PIVOTS PARTICULAR LEVEL Bank Nifty Analysis R4 29598.25 R3 29081.90 R2 28565.55 R1 28237.15 PP 28049.20 S1 27720.80 S2 27532.85 S3 27016.50 S4 26500.15 ACTION SELL ENTRY PRICE BELOW 27820 TARGET 27520 STOP LOSS 28010
  • 12. 12 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 Technical Outlook Overall trend of the Stock is bullish for long term . For short-medium term stock is in some correction phase. Last week stock started on positive note and traded with sideways movement throughout the week. Stock has gave breakout of its major resistance levels on daily chart and trading above this levels . It can show good positive move in coming weeks if it manages to trade above 664 levels. For this week, traders can adopt buy on lower level strategy in it and above the level of 664 it can test the level of Rs. 684 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 652. DHFL Cash( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 765.95 R3 732.20 R2 698.45 R1 678.25 PP 664.70 S1 644.50 S2 630.95 S3 597.20 S4 563.45 ACTION BUY ENTRY PRICE ABOVE 664.00 TARGET 684.00 STOP LOSS 652.00
  • 13. 13 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 Technical Outlook Overall trend of the Stock is side-ways for long term . For short-medium term stock is in bullish phase . Last week stock started on positive note and traded with bullish movement throughout the week . On daily chart it has gave breakout of its major trend line. If it manages to trade above 295.50 levels than good up side move can 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 295.50 it can test the level of Rs. 304 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 298.80 COAL INDIA Cash ( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL ACTION BUY ENTRY PRICE ABOVE 445.00 TARGET 462.00 STOP LOSS 435.00 R4 324.70 R3 312.65 R2 300.60 R1 295.75 PP 288.55 S1 283.70 S2 276.50 S3 264.45 S4 252.40
  • 14. 14 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 Technical Outlook Last week, LT Aug Futures started the week with gap up opening and continued given the up side movement for the entire week. It made a high of 1364 during the week and closed at 1342.40 with the overall gain of 7.50% on weekly basis. Technically itтАЩs recovering from the lower levels with the volume breakout and for this week, we can expect further long unwinding in it. For this week, traders can adopt buy on resistance levels breakout strategy in it and above the level of 1364 it can test the level of Rs. 1384 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1354 LT FUTURES( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 1574.15 R3 1492.60 R2 1411.05 R1 1376.55 PP 1329.50 S1 1295.00 S2 1247.95 S3 1166.40 S4 1084.85 ACTION BUY ENTRY PRICE ABOVE 1364 TARGET 1384.00 STOP LOSS 1354.00
  • 15. 15 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 Last week, SUNTV Aug Futures started the week on negative note and after that it witnessed down- side movement at the end of week. It made a high of 811.25 during the week and closed 770.30 with the overall decline of almost 2% on weekly basis. Technically itтАЩs near the support zone and sustaining below the trend line breakout with the negative RSI. For this week, we can expect downside move- ment in it For this week, traders can adopt sell on higher levels strategy in it and below the level of 765 it can test the level of Rs.751 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 772 SUN TV FUTURES ( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 912.95 R3 869.70 R2 826.45 R1 798.40 PP 783.20 S1 755.15 S2 739.95 S3 696.70 S4 653.45 ACTION SELL ENTRY PRICE ABOVE 765 TARGET 751.00 STOP LOSS 772.00
  • 16. 16 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 LEGAL DISCLAIMER ( рдХрд╛рдиреВрдиреА рдЕрд╕реНрд╡реАрдХрд░рдг) : 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. 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  • 17. 17 Copyright ┬й 2018 Ways2Capital. All rights reserved 27/08/2018 рдЧреНрд░рд╛рд╣рдХреЛрдВ рдХреЛ рдпрд╣ рд╕рд▓рд╛рд╣ рджреА рдЬрд╛рддреА рд╣реИ рдХрдХ рд╡реЗ рд░рд░рдкреЛрдЯрд╛ рдореЗрдВ рджреА рдЧрдИ рдЬрд╛рдирдХрд╛рд░реА рдХреЛ рдХреЗрд╡рд▓ рд░рд╛рдп рдХреЗ рд░реВрдк рдореЗрдВ рджреЗрдЦреЗрдВ рдФрд░ рдирдирд╡реЗрд╢ рдХреЗ рдирд▓рдП рд╕реНрд╡рдпрдВ рд┐рдВреИ рд╕рд▓рд╛ рдХрд░реЗрдВ | рдЧреНрд░рд╛рд╣рдХреЛрдВ рдХреЛ рд╡реЗрдмрд╕рд╛рдЗрдЯ рдкрд░ рдкреНрд░рдХрд╛рдирд╢рдд рд╕реЗрд╡рд╛рдУрдВ рдХреЗ рдирдирдпрдореЛрдВ рдФрд░ рд╢рддреЛрдВ рдХреЛ рдкрдврд╝рдиреЗ рдФрд░ рд╕рдордЭрдиреЗ рдХреА рднреА рд╕рд▓рд╛рд╣ рджреА рдЬрд╛рддреА рд╣реИ | рдХрдВ рдкрдиреА рдХреЗ рдирдирдЧрдорди рдХреЗ рдмрд╛рдж рдирдирдпрд╛рдордХ рдирдирдХрд╛рдп рджреНрд╡рд╛рд░рд╛рдХрдВрдкрдиреА рдХреЗ рдирдЦрд▓рд╛рд┐рдВ рдХреЛрдИ рдореБрдХрджрдорд╛ (рдпрд╛рдирдЪрдХрд╛) рджрд╛рдпрд░ рдирд╣реАрдВ рдХрдХрдпрд╛ рдЧрдпрд╛ рд╣реИред DISCLOSURE APPENDIX ( рдкреНрд░рдХрдЯреАрдХрд░рдг рдкрд░рд░рдирд╢рд╖реНрдЯ ) : 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. рд░рд░рдкреЛрдЯрд╛ рдирд╡рд╢реНрд▓реЗрд╖рдХреЛрдВ рджреНрд╡рд╛рд░рд╛ рддреИрдпрд╛рд░ рдХреА рдЧрдпреА рд╣реИ рдЬреЛ рджреНрд╡рд╛рд░рд╛ рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рджреНрд╡рд╛рд░рд╛ рдирдирдпреБрдХреНрдд рд╣реИрдВ | рдЗрд╕ рд░рд░рдкреЛрдЯрд╛ рдореЗрдВ рд╡реНрдпрдХреНрдд рд╕рднреА рдирд╡рдЪрд╛рд░ рдХрдВрдкрдиреА рдХреЗ рдмрд╛рд░реЗ рдореЗрдВ рд╡реНрдпрдирдХреНрддрдЧрдд рдирд╡рдЪрд╛рд░реЛрдВ рдХреЛ рджрд╢рд╛рд╛рддрд╛ рд╣реИ рдФрд░ рдХрдВрдкрдирдирдпреЛрдВ рдФрд░ рдЙрдирдХреА рдкреНрд░рдирддрднреВрдирддрдпрд╛рдВ рдФрд░ рдХреНрд╖рдирддрдкреВрд░реНрддрдд (рдореБрдЖрд╡рдЬреЗ) рдХрд╛ рдХреЛрдИ рдирд╣рд╕реНрд╕рд╛, рдпрд╛ рдЗрд╕ рд╢реЛрдз рд░рд░рдкреЛрдЯрд╛ рдореЗрдВ рдирдирдирд╣рдд рдирд╡рд╢реЗрд╖ рд╕реБрдЭрд╛рд╡реЛрдВ рдпрд╛ рдирд╡рдЪрд╛рд░реЛрдВ рд╕реЗ рдкреНрд░рддреНрдпрдХреНрд╖ рдпрд╛ рдЕрдкреНрд░рддреНрдпрдХреНрд╖ рд░реВрдк рд╕реЗ рд╕рдВрдмрдВрдирдзрдд рдирд╣реАрдВ рд╣реЛрдЧрд╛ред DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (рдирд╣рддреЛрдВ рдХреЗ рд╕рдВрдШрд╖рд╛ рдХреЗ рдорд╛рдорд▓реЗ рдореЗрдВ рдкреНрд░рдХрдЯреАрдХрд░рдг ): (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; (рдЕ) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдЧреА рдпрд╛ рдЙрдирдХреЗ рдХрдХрд╕реА рднреА рддрддреНрдХрд╛рд▓ рд░рд░рд╢реНрддреЗрджрд╛рд░ рдХреА рдирд╡рд╖рдп рдХрдВрдкрдиреА рдореЗрдВ рдХреЛрдИ рдирд╡рддреНрддреАрдп рд░реБрдирдЪ рдирд╣реАрдВ рд╣реИ рдФрд░ рди рд╣реА рдЗрд╕ рддрд░рд╣ рдХреА рдирд╡рддреНрддреАрдп рдирд╣рдд рдХреА рдкреНрд░рдХреГрдирдд рд╣реИ| (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, ( рдм) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдЧреА рдпрд╛ рдЙрдирдХреЗ рдХрдХрд╕реА рднреА рддрддреНрдХрд╛рд▓ рд░рд░рд╢реНрддреЗрджрд╛рд░ рдХреА рдирд╡рд╖рдп рдХрдВрдкрдиреА рдХреА рдкреНрд░рдирддрднреВрдирддрдпреЛрдВ рдореЗрдВ рдПрдХ рдкреНрд░рдирддрд╢рдд рдпрд╛ рдЙрд╕рд╕реЗ рдЕрдирдзрдХ рдХреЗ рд╡рд╛рд╕реНрддрдирд╡рдХ / рд┐рдВрд╛рдпрджреЗрдордВрдж рд╕реНрд╡рд╛рдирдорддреНрд╡ рдирд╣реАрдВ рд╣реИрдВ | (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; ( рд╕) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдирдЧрдпреЛрдВ рдХреЛ рдЕрдиреБрд╕рдВрдзрд╛рди рд░рд░рдкреЛрдЯрд╛ рдХреЗ рдкреНрд░рдХрд╛рд╢рди рдХреЗ рд╕рдордп рдпрд╛ рд╕рд╛рд╡рд╛рдЬрдирдирдХ рд░реВрдк рд╕реЗ рдЙрдкрдирд╕реНрдердд рд╣реЛрдиреЗ рдХреЗ рд╕рдордп рдХреЛрдИ рдЕрдиреНрдп рднреМрдирддрдХ рд╕рдВрдШрд╖рд╛ рдирд╣реАрдВ рд╣реИ| DISCLOSURE IN TERMS OF COMPENSATION ( рдХреНрд╖рдирддрдкреВрд░реНрддрдд рдХреЗ рд╕рдВрджрднрд╛ рдореЗрдВ рдкреНрд░рдХрдЯреАрдХрд░рдг): 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. рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдХреА рдкреЙрдирд▓рд╕реА рдЕрдкрдиреЗ рдирд╡рд╢реНрд▓реЗрд╖рдХреЛрдВ, рдкреЗрд╢реЗрд╡рд░реЛрдВ рдХреЛ рдирд╡рд╢реНрд▓реЗрд╖рдХ рдХреЗ рдХреНрд╖реЗрддреНрд░ рдореЗрдВ рдХрдХрд╕реА рднреА рдХрдВрдкрдиреА рдХреА рдкреНрд░рдирддрднреВрдирддрдпреЛрдВ рдХреЗ рд╕реНрд╡рд╛рдореА рд╕реЗ рдирд╡рд╢реНрд▓реЗрд╖рдХреЛрдВ рдХреЛ рд░рд░рдкреЛрдЯрд╛ рдХрд░рдиреЗ рд╕реЗ рд░реЛрдХрддреА рд╣реИред рдирд╡рд╢реНрд▓реЗрд╖рдХ рдХреНрд╖рдирддрдкреВрд░реНрддрдд : рдирд╡рд╢реНрд▓реЗрд╖рдХ рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдХреЗ рд╡реЗрддрди рдЖрдзрд╛рд░рд░рдд рд╕реНрдерд╛рдпреА рдХрдорд╛рдЪрд╛рд░реА рд╣реИ | DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (рд╕рд╛рд╡рд╛рдЬрдирдирдХ рдкреНрд░рдХрдЯрди рдХреЗ рдорд╛рдорд▓реЗ рдореЗрдВ рдкреНрд░рдХрдЯреАрдХрд░рдг ) : (a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months; (рдЕ) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗрдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдЧреАрдпреЛрдВ рдиреЗ рдирдкрд┐рд▓реЗ 12 рдорд╣реАрдиреЛрдВ рдореЗрдВ рдирд╡рд╖рдп рдХрдВрдкрдиреА рд╕реЗ рдХреЛрдИ рдореБрдЖрд╡рдЬрд╛ рдкреНрд░рд╛рдкреНрдд рдирд╣реАрдВ рдХрдХрдпрд╛ рд╣реИ | (b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report. (рдм) рдЕрдиреБрд╕рдВрдзрд╛рди рд░рд░рдкреЛрдЯрд╛ рдХреЗ рдирд╡рддрд░рдг рдХреА рдирддрдирде рд╕реЗ рдкреВрд╡рд╛ рдмрд╛рд░рд╣ рдорд╣реАрдиреЛрдВ рдХреЗ рджреМрд░рд╛рди рдирд╡рд╖рдп рдХрдВрдкрдиреА рдЕрдм рдпрд╛ рдХрднреА рднреА рдЧреНрд░рд╛рд╣рдХ рдирд╣реАрдВ рд░рд╣реА рд╣реИред (c ) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company; (рд╕) рд╣рд╛рдИ рдмреНрд░реЛ рдорд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд▓рд╛рд╣рдХрд╛рд░ рдкреНрд░рд╛рдЗрд╡реЗрдЯ рдирд▓рдирдордЯреЗрдб рдпрд╛ рдЙрд╕рдХреЗ рд╕рд╣рдпреЛрдЧреАрдпреЛрдВ рдиреЗ рдирд╡рд╖рдп рдХрдВрдкрдиреА рдХреЗ рдЕрдирдзрдХрд╛рд░реА, рдирдирджреЗрд╢рдХ рдпрд╛ рдХрдорд╛рдЪрд╛рд░реА рдХреЗ рд░реВрдк рдореЗрдВ рдХрднреА рднреА рдХрд╛рдо Disclaimer