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HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
PHONE: 0731-6554125 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
2 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 4TH May 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10618.25 -74.05 -0.69%
Nifty 100 10986.5 -108.50 -0.98%
Nifty 200 5767.95 -64.75 -1.11%
Nifty 500 9339.75 -103.90 -1.10%
Nifty VIX 13.25 1.23 10.23%
Nifty Bank 25645.4 250.80 0.99%
Nifty Auto 11323.70 -258.10 -2.23%
Nifty Finance 10735.8 120.90 1.14%
Nifty FMCG 28177.95 -255.55 -0.90%
Nifty IT 13453.3 -341.60 -2.48%
Nifty Media 3316.70 -39.30 -1.17%
Nifty Metal 3633.6 -130.25 -3.46%
Nifty Pharma 8817.45 -169.95 -1.89%
Nifty PSU Banks 2784.4 -30.50 -1.08%
Nifty PVT Bank 14655.70 95.65 0.66%
Nifty Realty 310.1 -7.15 -2.25%
USDINR 67.0675 66.8950 0.26%
GBPINR 91.0550 92.2475 -1.29%
EURINR 80.4850 81.0150 -0.65%
JPYINR 61.6000 61.2750 0.53%
EURUSD 1.1941 1.2117 -1.45%
GBPUSD 1.3512 1.3809 -2.15%
Dollar Index 92.41 91.34 1.17%
Gold COMEX 1312.70 1320.30 -0.58%
Gold MCX 31114 31211 -0.31%
Crude Oil NYMEX 69.72 68.10 2.38%
Crude Oil MCX 4668 4547 2.66%
Brent Oil NYMEX 74.87 74.64 0.31%
Copper MCX 457.45 454.00 0.76%
Natural Gas NYMEX 2.711 2.771 -2.17%
3 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
KOTAKBANK 1233.45 3.76% 1288.40
HDFCBANK 1988.50 3.38% 2015.00
HDFC 1910.35 3.05% 1986.05
ADANIPORTS 408.25 1.44% 452.35
TCS 3480.75 0.83% 3560.00
HCLTECH 929.85 -10.73% 808.15
EICHERMOT 29208.40 -7.57% 25555.00
UPL 703.65 -6.72% 672.50
COALINDIA 271.30 -5.39% 233.70
IBULHSGFIN 1249.25 -5.11% 1013.30
4 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, May 7, 2018
All Day Currency United Kingdom - Early May Bank Holiday Holiday
4:30 USD FOMC Member Quarles Speaks - -
17:55 USD FOMC Member Bostic Speaks - -
Tuesday, May 8, 2018
Tentative CNY Trade Balance (USD) (Apr) 27.50B -4.98B
12:45 USD Fed Chair Powell Speaks
19:30 USD JOLTs Job Openings (Mar) 6.020M 6.052M
Wednesday, May 9, 2018
18:00 USD Core PPI (MoM) (Apr) 0.20% 0.30%
18:00 USD PPI (MoM) (Apr) 0.20% 0.30%
20:00 USD Crude Oil Inventories 4.257M 6.218M
Thursday, May 10, 2018
7:00 CNY CPI (MoM) (Apr) -0.10% -1.10%
7:00 CNY CPI (YoY) (Apr) 1.90% 2.10%
7:00 CNY PPI (YoY) (Apr) 3.40% 3.10%
14:00 GBP Manufacturing Production (MoM) (Mar) -0.20% -0.20%
16:30 GBP BoE Interest Rate Decision (May) 0.50% 0.50%
18:00 USD Core CPI (YoY) (Apr) 2.20% 2.10%
18:00 USD Core CPI (MoM) (Apr) 0.20% 0.20%
18:00 USD CPI (MoM) (Apr) 0.30% -0.10%
18:00 USD Initial Jobless Claims 219K 211K
Friday, May 11, 2018
18:00 USD Export Price Index (MoM) (Apr) 0.30% 0.30%
18:00 USD Import Price Index (MoM) (Apr) 0.50% 0.00%
5 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
ADANIPORTS 468.65 447.90 427.15 419.25 406.40 398.50 385.65 364.90 344.15
ASIANPAINT 1350.35 1299.75 1249.15 1217.10 1198.53 1166.45 1147.90 1097.30 1046.70
AXISBANK 603.65 578.25 552.85 541.45 527.42 516.00 502.00 476.60 451.20
BAJAJ-AUTO 3413.30 3260.55 3107.80 3019.40 2955.02 2866.60 2802.25 2649.50 2496.75
BAJAJFINSV 6043.80 5829.05 5614.30 5478.95 5399.55 5264.20 5184.80 4970.05 4755.30
BAJFINANCE 2129.45 2048.75 1968.05 1918.60 1887.32 1837.85 1806.60 1725.90 1645.20
BHARTIARTL 451.80 435.60 419.40 409.35 403.18 393.10 386.95 370.75 354.55
BPCL 450.20 427.75 405.30 391.70 382.83 369.20 360.35 337.90 315.45
CIPLA 710.35 673.45 636.55 614.30 599.63 577.35 562.70 525.80 488.90
COALINDIA 341.30 318.65 296.00 281.30 273.32 258.60 250.65 228.00 205.35
DRREDDY 2301.15 2228.35 2155.55 2110.45 2082.72 2037.60 2009.90 1937.10 1864.30
EICHERMOT 38508.70 35723.90 32939.10 31208.55 30154.28 28423.70 27369.45 24584.65 21799.85
GAIL 369.25 355.80 342.35 337.75 328.90 324.30 315.45 302.00 288.55
GRASIM 1235.85 1184.95 1134.05 1102.30 1083.13 1051.35 1032.20 981.30 930.40
HCLTECH 1452.85 1293.85 1134.85 1031.65 975.82 872.60 816.80 657.80 498.80
HDFC 2106.80 2037.70 1968.60 1936.40 1899.47 1867.25 1830.35 1761.25 1692.15
6 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
HDFCBANK 2141.75 2083.25 2024.75 2003.70 1966.25 1945.20 1907.75 1849.25 1790.75
HEROMOTOCO 4104.10 3967.50 3830.90 3751.20 3694.28 3614.55 3557.65 3421.05 3284.45
HINDALCO 273.35 260.40 247.45 242.75 234.47 229.75 221.50 208.55 195.60
HINDPETRO 357.45 337.10 316.75 304.30 296.38 283.90 276.00 255.65 235.30
HINDUNILVR 1698.40 1626.00 1553.60 1520.80 1481.20 1448.40 1408.80 1336.40 1264.00
IBULHSGFIN 1552.15 1460.25 1368.35 1308.80 1276.45 1216.90 1184.55 1092.65 1000.75
ICICIBANK 330.45 315.00 299.55 292.65 284.08 277.15 268.60 253.15 237.70
INDUSINDBK 2037.10 1985.00 1932.90 1910.45 1880.77 1858.30 1828.65 1776.55 1724.45
INFRATEL 366.90 351.25 335.60 328.55 319.95 312.90 304.30 288.65 273.00
INFY 1285.00 1252.55 1220.10 1199.80 1187.63 1167.30 1155.15 1122.70 1090.25
IOC 178.80 173.00 167.20 163.70 161.38 157.85 155.55 149.75 143.95
ITC 320.45 307.65 294.85 287.20 282.05 274.40 269.25 256.45 243.65
KOTAKBANK 1523.90 1428.90 1333.90 1284.40 1238.90 1189.40 1143.90 1048.90 953.90
LT 1560.20 1502.75 1445.30 1409.40 1387.83 1351.90 1330.35 1272.90 1215.45
LUPIN 955.65 898.75 841.85 806.90 784.93 749.95 728.00 671.10 614.20
M&M 949.70 921.50 893.30 878.60 865.08 850.35 836.85 808.65 780.45
7 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Weekly Pivots
MARUTI 9811.50 9473.50 9135.50 8934.95 8797.47 8596.90 8459.45 8121.45 7783.45
NTPC 191.50 185.10 178.70 174.80 172.28 168.35 165.85 159.45 153.05
ONGC 193.05 189.00 184.95 183.45 180.87 179.35 176.80 172.75 168.70
POWERGRID 224.50 218.65 212.80 210.65 206.93 204.75 201.05 195.20 189.35
RELIANCE 1079.05 1042.80 1006.55 984.20 970.27 947.90 934.00 897.75 861.50
SBIN 277.35 266.40 255.45 250.25 244.48 239.25 233.50 222.55 211.60
SUNPHARMA 616.85 584.05 551.25 530.40 518.43 497.55 485.60 452.80 420.00
TATAMOTORS 406.25 383.75 361.25 348.30 338.72 325.75 316.20 293.70 271.20
TATASTEEL 681.80 650.00 618.20 604.70 586.38 572.85 554.55 522.75 490.95
TCS 3853.10 3725.60 3598.10 3519.70 3470.58 3392.15 3343.05 3215.55 3088.05
TECHM 777.55 739.30 701.05 679.70 662.80 641.45 624.55 586.30 548.05
TITAN 1074.95 1040.50 1006.05 992.20 971.60 957.75 937.15 902.70 868.25
ULTRACEMCO 4513.60 4355.65 4197.70 4109.50 4039.75 3951.55 3881.80 3723.85 3565.90
UPL 916.70 852.00 787.30 750.20 722.58 685.45 657.85 593.15 528.45
VEDL 363.85 338.95 314.05 300.95 289.13 276.00 264.20 239.30 214.40
WIPRO 319.45 304.30 289.15 280.80 274.00 265.65 258.85 243.70 228.55
YESBANK 426.50 401.95 377.40 363.05 352.85 338.50 328.30 303.75 279.20
ZEEL 681.15 652.95 624.75 611.50 596.52 583.25 568.30 540.10 511.90
8 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
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
CONCOR 22.81% 3.78%
UJJIVAN 18.19% 3.45%
KOTAKBANK 12.65% 4.11%
- - -
- - -
TATACHEM -15.97% 3.60%
- - -
- - -
- - -
- - -
NIITTECH 74.53% -8.36%
HEXAWARE 73.36% -12.37%
IGL 47.78% -6.40%
INDIGO 39.43% -15.30%
HCLTECH 27.80% -10.84%
PCJEWELLER -19.08% -2.51%
- - -
- - -
- - -
- - -
9 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
After 5 weeks of continues bullish run, Indian Equity market ended its positive streak as index closed first time on
negative note in last one month on weekly basis. Underperformance in most of the major Global market was the
key reason for market to close on negative note. Market is also waiting for a big political event Karnataka Assembly
Election which is going to take place next week.
On the Economic front USD/INR continues its strong hand as Indian Rupee once again closed on negative note with
respect to US Dollar. Nifty P/E ratio was in the range of 26.57 to 26.24 for the past week. On microeconomic front,
economic data like Federal Fiscal Deficit, Bank Loan Growth, Cumulative Industrial Production (Mar) , Deposit
Growth, Industrial Production (YoY) (Mar), Manufacturing Output (MoM) (Mar) etc. going to release this week
which will further provide direction to the market.
Technical Outlook
NIFTY May Future started the last week on positive note on Monday but could not continue its bullish run in next
trading session as index saw some profit booking from higher levels which led index to close on negative note on
weekly basis
Continued …....
Nifty Analysis
R4 11139.40
R3 10991.45
R2 10843.50
R1 10751.10
PP 10695.55
S1 10603.15
S2 10547.60
S3 10399.65
S4 10251.70
10 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
Nifty index managed to give closing above its important support levels of 10600. Going ahead if index manages
to sustain above the levels of 10650 than further upside movement can seen in it. Major resistance levels are
placed at 10780 while down side support is placed at 10600 levels.
.
Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 10700, it can test the
level of Rs. 10850 & 10950 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.
10598
Nifty Analysis
Action BUY
Entry Price Above 10700
Target 10850/ 10950
Stop Loss 10598
20 Days EMA POSITIVE
50 Days EMA POSITIVE
200 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE
11 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
Last week BANK NIFTY May futures started the week on positive note and after that it witnessed sideways move-
ment for the remaining part of the week. It made a high of 25753.70 during the week and closed at 25701.15
with the overall gain of 1% on weekly basis. We saw almost 8% gain in bank nifty in last 5 week & technically we
can expect further upside movement in it if it breaks the major resistance level of 25760
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, if BANK NIFTY May breaks the level of 25760 on the upside, then it can test the level of 26000/
26100 during the week. One can make buy position in it by maintaining a SL 25598.00
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 26676.70
R3 26324.00
R2 25971.30
R1 25836.20
PP 25618.60
S1 25483.50
S2 25265.90
S3 24913.20
S4 24560.50
Action BUY
Entry Price Above 25760
Target 26000/ 26100
Stop Loss 25598
12 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
Technical Outlook
Last week, PFC Cash started the week on positive note, but till the end of the week, all of its earlier gains were
erased and it closed at 84.20 with the overall loss of 2.43% on weekly basis. Technically it’s consolidating on
lower levels with the positive bias coupled with the positive divergence in the RSI and for this week, we can
expect positive movement in it.
For this week, if PFC Cash breaks the level of 86.70 on the upside, then it can test the level of 90 during the
week. One can make buy position in it by maintaining a SL 84.90
PFC CASH ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE Above 86.70
TARGET 90.00
STOP LOSS 84.90
R4 106.70
R3 99.75
R2 92.80
R1 88.50
PP 85.85
S1 81.55
S2 78.90
S3 71.95
S4 65.00
13 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
Technical Outlook
Last week, HINDALCO Cash witnessed sideways to negative movement for the entire week and closed in nega-
tive. Technically it’s consolidating near to major resistance level of 239.00 with the positive RSI and also taking
support of Moving Averages. For this week, we can expect positive movement in it from the lower levels.
.
For this week, if HINDALCO Cash breaks the level of 239.20 on the upside, then it can test the level of 247.90
during the week. One can make buy position in it by maintaining a SL 234.20
HINDALCO CASH ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
.
ACTION BUY
ENTRY PRICE Above 239.20
TARGET 247.90
STOP LOSS 234.20
R4 268.40
R3 256.25
R2 244.10
R1 237.70
PP 231.95
S1 225.55
S2 219.80
S3 207.65
S4 195.50
14 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
Technical Outlook
Last week TORNTPOWER May Futures started the week on positive note and after that it witnessed choppy
movement for the remaining part of the week. It closed near to the previous week closing with the positive
bias. Technically on daily chart, it has given a good trend line breakout coupled with the consolidation and for
this week we can expect upside movement in it.
For this week, if TORNTPOWER May Futures breaks the level of 244.00 on the upside, then it can test the level
of 251.00 during the week. One can make buy position in it by maintaining a SL 239.90
TORNTPOWER FUTURES ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE Above 244.00
TARGET 251.00
STOP LOSS 239.90
R4 276.35
R3 265.85
R2 255.35
R1 249.00
PP 244.85
S1 238.50
S2 234.35
S3 223.85
S4 213.35
15 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
Technical Outlook
Last week TITAN May Futures started the week on positive note and after that it witnessed downside move-
ment for the remaining part of the week. It made a low of 956.60 during the week and closed at 964.30 with
the overall loss of 1.33% on weekly basis. Technical Titan in consolidating on higher levels with the positive RSI
& for this week we can expect upside movement in it.
For this week, if TITAN May Futures breaks the level of 985.00 on the upside, then it can test the level of
1005.00 during the week. One can make buy position in it by maintaining a SL 975.00
TITAN FUTURES ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE Above 985.00
TARGET 1005.00
STOP LOSS 975.00
R4 1074.25
R3 1039.70
R2 1005.15
R1 984.70
PP 970.6
S1 950.15
S2 936.05
S3 901.50
S4 866.95
16 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018
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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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 07/05/2018
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 08 may 2018 Ways2Capital

  • 1. HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED PHONE: 0731-6554125 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
  • 2. 2 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 CURRENCY MARKET UPDATE CURRENCY PAIR CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE MAJOR INDICES INDEX CLOSING AS ON 4TH May 18 WEEKLY CHANGES WEEKLY % CHANGE COMMODITY MARKET UPDATE COMMODITY CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE Market Wrap–Up Nifty 10618.25 -74.05 -0.69% Nifty 100 10986.5 -108.50 -0.98% Nifty 200 5767.95 -64.75 -1.11% Nifty 500 9339.75 -103.90 -1.10% Nifty VIX 13.25 1.23 10.23% Nifty Bank 25645.4 250.80 0.99% Nifty Auto 11323.70 -258.10 -2.23% Nifty Finance 10735.8 120.90 1.14% Nifty FMCG 28177.95 -255.55 -0.90% Nifty IT 13453.3 -341.60 -2.48% Nifty Media 3316.70 -39.30 -1.17% Nifty Metal 3633.6 -130.25 -3.46% Nifty Pharma 8817.45 -169.95 -1.89% Nifty PSU Banks 2784.4 -30.50 -1.08% Nifty PVT Bank 14655.70 95.65 0.66% Nifty Realty 310.1 -7.15 -2.25% USDINR 67.0675 66.8950 0.26% GBPINR 91.0550 92.2475 -1.29% EURINR 80.4850 81.0150 -0.65% JPYINR 61.6000 61.2750 0.53% EURUSD 1.1941 1.2117 -1.45% GBPUSD 1.3512 1.3809 -2.15% Dollar Index 92.41 91.34 1.17% Gold COMEX 1312.70 1320.30 -0.58% Gold MCX 31114 31211 -0.31% Crude Oil NYMEX 69.72 68.10 2.38% Crude Oil MCX 4668 4547 2.66% Brent Oil NYMEX 74.87 74.64 0.31% Copper MCX 457.45 454.00 0.76% Natural Gas NYMEX 2.711 2.771 -2.17%
  • 3. 3 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 WEEKLY GAINERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK HIGH WEEKLY LOSERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK LOW Market at a Glance KOTAKBANK 1233.45 3.76% 1288.40 HDFCBANK 1988.50 3.38% 2015.00 HDFC 1910.35 3.05% 1986.05 ADANIPORTS 408.25 1.44% 452.35 TCS 3480.75 0.83% 3560.00 HCLTECH 929.85 -10.73% 808.15 EICHERMOT 29208.40 -7.57% 25555.00 UPL 703.65 -6.72% 672.50 COALINDIA 271.30 -5.39% 233.70 IBULHSGFIN 1249.25 -5.11% 1013.30
  • 4. 4 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 ECONOMIC EVENTS CALENDER TIME CURRENY EVENT FORECAST PREVIOUS Economic Calendar Monday, May 7, 2018 All Day Currency United Kingdom - Early May Bank Holiday Holiday 4:30 USD FOMC Member Quarles Speaks - - 17:55 USD FOMC Member Bostic Speaks - - Tuesday, May 8, 2018 Tentative CNY Trade Balance (USD) (Apr) 27.50B -4.98B 12:45 USD Fed Chair Powell Speaks 19:30 USD JOLTs Job Openings (Mar) 6.020M 6.052M Wednesday, May 9, 2018 18:00 USD Core PPI (MoM) (Apr) 0.20% 0.30% 18:00 USD PPI (MoM) (Apr) 0.20% 0.30% 20:00 USD Crude Oil Inventories 4.257M 6.218M Thursday, May 10, 2018 7:00 CNY CPI (MoM) (Apr) -0.10% -1.10% 7:00 CNY CPI (YoY) (Apr) 1.90% 2.10% 7:00 CNY PPI (YoY) (Apr) 3.40% 3.10% 14:00 GBP Manufacturing Production (MoM) (Mar) -0.20% -0.20% 16:30 GBP BoE Interest Rate Decision (May) 0.50% 0.50% 18:00 USD Core CPI (YoY) (Apr) 2.20% 2.10% 18:00 USD Core CPI (MoM) (Apr) 0.20% 0.20% 18:00 USD CPI (MoM) (Apr) 0.30% -0.10% 18:00 USD Initial Jobless Claims 219K 211K Friday, May 11, 2018 18:00 USD Export Price Index (MoM) (Apr) 0.30% 0.30% 18:00 USD Import Price Index (MoM) (Apr) 0.50% 0.00%
  • 5. 5 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots ADANIPORTS 468.65 447.90 427.15 419.25 406.40 398.50 385.65 364.90 344.15 ASIANPAINT 1350.35 1299.75 1249.15 1217.10 1198.53 1166.45 1147.90 1097.30 1046.70 AXISBANK 603.65 578.25 552.85 541.45 527.42 516.00 502.00 476.60 451.20 BAJAJ-AUTO 3413.30 3260.55 3107.80 3019.40 2955.02 2866.60 2802.25 2649.50 2496.75 BAJAJFINSV 6043.80 5829.05 5614.30 5478.95 5399.55 5264.20 5184.80 4970.05 4755.30 BAJFINANCE 2129.45 2048.75 1968.05 1918.60 1887.32 1837.85 1806.60 1725.90 1645.20 BHARTIARTL 451.80 435.60 419.40 409.35 403.18 393.10 386.95 370.75 354.55 BPCL 450.20 427.75 405.30 391.70 382.83 369.20 360.35 337.90 315.45 CIPLA 710.35 673.45 636.55 614.30 599.63 577.35 562.70 525.80 488.90 COALINDIA 341.30 318.65 296.00 281.30 273.32 258.60 250.65 228.00 205.35 DRREDDY 2301.15 2228.35 2155.55 2110.45 2082.72 2037.60 2009.90 1937.10 1864.30 EICHERMOT 38508.70 35723.90 32939.10 31208.55 30154.28 28423.70 27369.45 24584.65 21799.85 GAIL 369.25 355.80 342.35 337.75 328.90 324.30 315.45 302.00 288.55 GRASIM 1235.85 1184.95 1134.05 1102.30 1083.13 1051.35 1032.20 981.30 930.40 HCLTECH 1452.85 1293.85 1134.85 1031.65 975.82 872.60 816.80 657.80 498.80 HDFC 2106.80 2037.70 1968.60 1936.40 1899.47 1867.25 1830.35 1761.25 1692.15
  • 6. 6 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots HDFCBANK 2141.75 2083.25 2024.75 2003.70 1966.25 1945.20 1907.75 1849.25 1790.75 HEROMOTOCO 4104.10 3967.50 3830.90 3751.20 3694.28 3614.55 3557.65 3421.05 3284.45 HINDALCO 273.35 260.40 247.45 242.75 234.47 229.75 221.50 208.55 195.60 HINDPETRO 357.45 337.10 316.75 304.30 296.38 283.90 276.00 255.65 235.30 HINDUNILVR 1698.40 1626.00 1553.60 1520.80 1481.20 1448.40 1408.80 1336.40 1264.00 IBULHSGFIN 1552.15 1460.25 1368.35 1308.80 1276.45 1216.90 1184.55 1092.65 1000.75 ICICIBANK 330.45 315.00 299.55 292.65 284.08 277.15 268.60 253.15 237.70 INDUSINDBK 2037.10 1985.00 1932.90 1910.45 1880.77 1858.30 1828.65 1776.55 1724.45 INFRATEL 366.90 351.25 335.60 328.55 319.95 312.90 304.30 288.65 273.00 INFY 1285.00 1252.55 1220.10 1199.80 1187.63 1167.30 1155.15 1122.70 1090.25 IOC 178.80 173.00 167.20 163.70 161.38 157.85 155.55 149.75 143.95 ITC 320.45 307.65 294.85 287.20 282.05 274.40 269.25 256.45 243.65 KOTAKBANK 1523.90 1428.90 1333.90 1284.40 1238.90 1189.40 1143.90 1048.90 953.90 LT 1560.20 1502.75 1445.30 1409.40 1387.83 1351.90 1330.35 1272.90 1215.45 LUPIN 955.65 898.75 841.85 806.90 784.93 749.95 728.00 671.10 614.20 M&M 949.70 921.50 893.30 878.60 865.08 850.35 836.85 808.65 780.45
  • 7. 7 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Weekly Pivots MARUTI 9811.50 9473.50 9135.50 8934.95 8797.47 8596.90 8459.45 8121.45 7783.45 NTPC 191.50 185.10 178.70 174.80 172.28 168.35 165.85 159.45 153.05 ONGC 193.05 189.00 184.95 183.45 180.87 179.35 176.80 172.75 168.70 POWERGRID 224.50 218.65 212.80 210.65 206.93 204.75 201.05 195.20 189.35 RELIANCE 1079.05 1042.80 1006.55 984.20 970.27 947.90 934.00 897.75 861.50 SBIN 277.35 266.40 255.45 250.25 244.48 239.25 233.50 222.55 211.60 SUNPHARMA 616.85 584.05 551.25 530.40 518.43 497.55 485.60 452.80 420.00 TATAMOTORS 406.25 383.75 361.25 348.30 338.72 325.75 316.20 293.70 271.20 TATASTEEL 681.80 650.00 618.20 604.70 586.38 572.85 554.55 522.75 490.95 TCS 3853.10 3725.60 3598.10 3519.70 3470.58 3392.15 3343.05 3215.55 3088.05 TECHM 777.55 739.30 701.05 679.70 662.80 641.45 624.55 586.30 548.05 TITAN 1074.95 1040.50 1006.05 992.20 971.60 957.75 937.15 902.70 868.25 ULTRACEMCO 4513.60 4355.65 4197.70 4109.50 4039.75 3951.55 3881.80 3723.85 3565.90 UPL 916.70 852.00 787.30 750.20 722.58 685.45 657.85 593.15 528.45 VEDL 363.85 338.95 314.05 300.95 289.13 276.00 264.20 239.30 214.40 WIPRO 319.45 304.30 289.15 280.80 274.00 265.65 258.85 243.70 228.55 YESBANK 426.50 401.95 377.40 363.05 352.85 338.50 328.30 303.75 279.20 ZEEL 681.15 652.95 624.75 611.50 596.52 583.25 568.30 540.10 511.90
  • 8. 8 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 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 CONCOR 22.81% 3.78% UJJIVAN 18.19% 3.45% KOTAKBANK 12.65% 4.11% - - - - - - TATACHEM -15.97% 3.60% - - - - - - - - - - - - NIITTECH 74.53% -8.36% HEXAWARE 73.36% -12.37% IGL 47.78% -6.40% INDIGO 39.43% -15.30% HCLTECH 27.80% -10.84% PCJEWELLER -19.08% -2.51% - - - - - - - - - - - -
  • 9. 9 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 NIFTY WEEKLY PIVOTS PARTICULAR LEVEL Fundamental Outlook After 5 weeks of continues bullish run, Indian Equity market ended its positive streak as index closed first time on negative note in last one month on weekly basis. Underperformance in most of the major Global market was the key reason for market to close on negative note. Market is also waiting for a big political event Karnataka Assembly Election which is going to take place next week. On the Economic front USD/INR continues its strong hand as Indian Rupee once again closed on negative note with respect to US Dollar. Nifty P/E ratio was in the range of 26.57 to 26.24 for the past week. On microeconomic front, economic data like Federal Fiscal Deficit, Bank Loan Growth, Cumulative Industrial Production (Mar) , Deposit Growth, Industrial Production (YoY) (Mar), Manufacturing Output (MoM) (Mar) etc. going to release this week which will further provide direction to the market. Technical Outlook NIFTY May Future started the last week on positive note on Monday but could not continue its bullish run in next trading session as index saw some profit booking from higher levels which led index to close on negative note on weekly basis Continued ….... Nifty Analysis R4 11139.40 R3 10991.45 R2 10843.50 R1 10751.10 PP 10695.55 S1 10603.15 S2 10547.60 S3 10399.65 S4 10251.70
  • 10. 10 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 Nifty index managed to give closing above its important support levels of 10600. Going ahead if index manages to sustain above the levels of 10650 than further upside movement can seen in it. Major resistance levels are placed at 10780 while down side support is placed at 10600 levels. . Continued ….... TECHNICAL INDICATOR ANALYSIS INDICATOR CURRENT TREND WEEKLY STRATEGY PERTICULAR DETAILS For this week, traders can adopt buy on lower level strategy in it and above the level of 10700, it can test the level of Rs. 10850 & 10950 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10598 Nifty Analysis Action BUY Entry Price Above 10700 Target 10850/ 10950 Stop Loss 10598 20 Days EMA POSITIVE 50 Days EMA POSITIVE 200 Days EMA POSITIVE RSI POSITIVE MACD POSITIVE STOCHASTIC POSITIVE
  • 11. 11 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 Last week BANK NIFTY May futures started the week on positive note and after that it witnessed sideways move- ment for the remaining part of the week. It made a high of 25753.70 during the week and closed at 25701.15 with the overall gain of 1% on weekly basis. We saw almost 8% gain in bank nifty in last 5 week & technically we can expect further upside movement in it if it breaks the major resistance level of 25760 WEEKLY STRATEGY PERTICULAR DETAILS For this week, if BANK NIFTY May breaks the level of 25760 on the upside, then it can test the level of 26000/ 26100 during the week. One can make buy position in it by maintaining a SL 25598.00 WEEKLY PIVOTS PARTICULAR LEVEL Bank Nifty Analysis R4 26676.70 R3 26324.00 R2 25971.30 R1 25836.20 PP 25618.60 S1 25483.50 S2 25265.90 S3 24913.20 S4 24560.50 Action BUY Entry Price Above 25760 Target 26000/ 26100 Stop Loss 25598
  • 12. 12 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 Technical Outlook Last week, PFC Cash started the week on positive note, but till the end of the week, all of its earlier gains were erased and it closed at 84.20 with the overall loss of 2.43% on weekly basis. Technically it’s consolidating on lower levels with the positive bias coupled with the positive divergence in the RSI and for this week, we can expect positive movement in it. For this week, if PFC Cash breaks the level of 86.70 on the upside, then it can test the level of 90 during the week. One can make buy position in it by maintaining a SL 84.90 PFC CASH ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL ACTION BUY ENTRY PRICE Above 86.70 TARGET 90.00 STOP LOSS 84.90 R4 106.70 R3 99.75 R2 92.80 R1 88.50 PP 85.85 S1 81.55 S2 78.90 S3 71.95 S4 65.00
  • 13. 13 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 Technical Outlook Last week, HINDALCO Cash witnessed sideways to negative movement for the entire week and closed in nega- tive. Technically it’s consolidating near to major resistance level of 239.00 with the positive RSI and also taking support of Moving Averages. For this week, we can expect positive movement in it from the lower levels. . For this week, if HINDALCO Cash breaks the level of 239.20 on the upside, then it can test the level of 247.90 during the week. One can make buy position in it by maintaining a SL 234.20 HINDALCO CASH ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL . ACTION BUY ENTRY PRICE Above 239.20 TARGET 247.90 STOP LOSS 234.20 R4 268.40 R3 256.25 R2 244.10 R1 237.70 PP 231.95 S1 225.55 S2 219.80 S3 207.65 S4 195.50
  • 14. 14 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 Technical Outlook Last week TORNTPOWER May Futures started the week on positive note and after that it witnessed choppy movement for the remaining part of the week. It closed near to the previous week closing with the positive bias. Technically on daily chart, it has given a good trend line breakout coupled with the consolidation and for this week we can expect upside movement in it. For this week, if TORNTPOWER May Futures breaks the level of 244.00 on the upside, then it can test the level of 251.00 during the week. One can make buy position in it by maintaining a SL 239.90 TORNTPOWER FUTURES ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL ACTION BUY ENTRY PRICE Above 244.00 TARGET 251.00 STOP LOSS 239.90 R4 276.35 R3 265.85 R2 255.35 R1 249.00 PP 244.85 S1 238.50 S2 234.35 S3 223.85 S4 213.35
  • 15. 15 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 Technical Outlook Last week TITAN May Futures started the week on positive note and after that it witnessed downside move- ment for the remaining part of the week. It made a low of 956.60 during the week and closed at 964.30 with the overall loss of 1.33% on weekly basis. Technical Titan in consolidating on higher levels with the positive RSI & for this week we can expect upside movement in it. For this week, if TITAN May Futures breaks the level of 985.00 on the upside, then it can test the level of 1005.00 during the week. One can make buy position in it by maintaining a SL 975.00 TITAN FUTURES ( Call of the Week ) WEEKLY STRATEGY PERTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL ACTION BUY ENTRY PRICE Above 985.00 TARGET 1005.00 STOP LOSS 975.00 R4 1074.25 R3 1039.70 R2 1005.15 R1 984.70 PP 970.6 S1 950.15 S2 936.05 S3 901.50 S4 866.95
  • 16. 16 Copyright © 2018 Ways2Capital. All rights reserved 07/05/2018 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 07/05/2018 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