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Market Wrap-Up
MAJOR INDICES CURRENCY MARKET UPDATE
INDEX CLOSING Weekly Change Weekly Change Current Previous Weekly Change
th
(As on 9 Mar 18) (in %) Currency Pair
Closing Closing (in%)
Nifty 50 10226.85 -231.50 -2.21% USDINR 65.30 65.38 -0.12%
Nifty 100 10564.55 -255.45 -2.36% GBPINR 90.25 89.92 0.37%
Nifty 200 5536.05 -139.70 -2.46% EURINR 80.35 79.77 0.73%
Nifty 500 8986.40 -238.95 -2.59% JPYINR 61.20 61.27 -0.11%
Nifty VIX 14.53 0.45 3.22% EURUSD 1.2307 1.2317 -0.08%
Nifty Bank 24296.45 -606.10 -2.43% GBPUSD 1.3849 1.3805 0.32%

Nifty Auto 10888.35 -258.35 -2.32% Dollar Index 90.06 89.91 0.17%

Nifty Finance 10194.20 -178.40 -1.72% COMMODITY MARKET UPDATE


Nifty FMCG 26020.05 -472.30 -1.78% Current Previous Weekly Change
Commodity
Closing Closing (in %)
Nifty IT 12747.25 -22.20 -0.17%
Gold COMEX 1324.00 1323.70 0.02%
Nifty Media 3259.50 -4.00 -0.12%
Gold MCX 30401 30448 -0.15%
Nifty Metal 3688.15 -272.75 -6.89%
Crude Oil NYMEX 62.04 61.25 1.29%
Nifty Pharma 8515.70 -402.05 -4.51%
Crude Oil MCX 4017 3995 0.55%
Nifty PSU Banks 2858.15 -163.30 -5.40% Brent Oil NYMEX 65.49 64.37 1.74%
Nifty PVT Bank 13766.25 -346.10 -2.45% Copper MCX 452.30 452.80 -0.11%
Nifty Realty 315.70 -9.05 -2.79% Natural Gas NYMEX 2.732 2.695 1.37%

2 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
Market At a Glance

NIFTY50 WEEKLY GAINERS


CLOSING WEEKLY 52 WEEK
SCRIP
PRICE CHANGE (in %) HIGH

ZEEL 567.65 1.97 619.35


TECH
619.15 1.28 634.40
MAHINDRA
IOC 385.60 1.13 462.60

ASIAN PAINTS 1127.75 0.73 1261.25

NTPC LTD 163.90 0.55 187.95

NIFTY50 WEEKLY LOSERS


CLOSING WEEKLY 52 WEEK
SCRIP
PRICE CHANGE (in %) LOW
TATA STEEL 605.60 -10.32 408.20

HINDALCO 219.85 -8.42 179.55

TATA MOTORS 341.70 -7.86 340.65


AMBUJA
235.10 -7.06 223.25
CEMENTS
ADANIPORTS 380.00 -6.29 297.90

3 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
Economic Calendar
UPCOMING ECONOMIC EVENT CALENDER
Time Currency Event Forecast Previous
Monday, March 12, 2018
17:30 INR CPI (YoY) (Feb) 4.80% 5.07%
22:30 USD 10-Year Note Auction - 2.81%
Tuesday, March 13, 2018
Tentative GBP Spring Forecast Statement - -
18:00 USD Core CPI (MoM) (Feb) 0.20% 0.30%
Wednesday, March 14, 2018
7:30 CNY Industrial Production (YoY)(Feb) 6.10% 6.20%
18:00 USD Core Retails Sales (MoM) (Feb) 0.30% 0.00%
18:00 USD PPI (MoM)(Feb) 0.20% 0.40%
18:00 USD Retail Sales (MoM)(Feb) 0.30% -0.30%
20:00 USD Crude Oil Inventories - 2.408M
Thursday, March 15, 2018
18:00 USD Philadelphia Fed Manufacturing Index (Mar) 22.50 25.80
18:00 USD Export Price Index (MoM) (Feb) 0.40% 0.80%
18:00 USD Import Price Index (MoM) (Feb) 0.30% 1.00%
Friday, March 16, 2018
18:00 USD Building Permits (Feb) 1.303M 1.377M
18:00 USD Building Permits (MoM)(Feb) - 5.90%
18:00 USD Housing Starts (MoM)(Feb) - 9.70%
18:45 USD Industrial Production (MoM)(Feb) 0.20% -0.10%
19:30 USD JOLTs Job Openings (Jan) 5.900M 5.811M

4 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 512.30 470.55 428.80 404.35 387.02 362.55 345.25 303.50 261.75
AMBUJACEM 302.55 281.60 260.65 247.85 239.68 226.85 218.70 197.75 176.80
ASIANPAINT 1241.65 1201.65 1161.65 1143.30 1121.65 1103.30 1081.65 1041.65 1001.65
AUROPHARMA 683.55 654.60 625.65 609.35 596.70 580.40 567.75 538.80 509.85
AXISBANK 590.85 564.90 538.95 523.00 512.98 497.00 487.00 461.05 435.10
BAJAJ-AUTO 3334.80 3205.00 3075.20 2999.70 2945.40 2869.90 2815.60 2685.80 2556.00
BAJFINANCE 1858.80 1785.80 1712.80 1685.35 1639.77 1612.30 1566.75 1493.75 1420.75
BHARTIARTL 504.70 472.60 440.50 421.80 408.38 389.65 376.25 344.15 312.05
BOSCHLTD 21198.35 20200.85 19203.35 18701.70 18205.83 17704.15 17208.30 16210.80 15213.30
BPCL 485.65 470.30 454.95 447.60 439.58 432.20 424.20 408.85 393.50
CIPLA 626.85 609.70 592.55 582.75 575.38 565.55 558.20 541.05 523.90
COALINDIA 333.65 324.30 314.95 309.10 305.60 299.75 296.25 286.90 277.55
DRREDDY 2587.05 2442.15 2297.25 2209.70 2152.35 2064.80 2007.45 1862.55 1717.65
EICHERMOT 29745.20 29105.75 28466.30 28228.15 27826.85 27588.70 27187.40 26547.95 25908.50
GAIL 499.10 479.95 460.80 449.50 441.63 430.30 422.45 403.30 384.15
HCLTECH 1081.00 1034.80 988.60 966.95 942.37 920.70 896.15 849.95 803.75
Continued .......

5 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
Weekly Pivots

NIFTY50 WEEKLY PIVOTS (CASH SEGMENT)


SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
HDFC 1994.80 1932.20 1869.60 1842.30 1807.00 1779.70 1744.40 1681.80 1619.20
HDFCBANK 1990.05 1944.05 1898.05 1872.10 1852.05 1826.10 1806.05 1760.05 1714.05

HEROMOTOCO 3974.60 3848.15 3721.70 3655.50 3595.25 3529.05 3468.80 3342.35 3215.90

HINDALCO 279.95 261.65 243.35 232.35 225.02 214.00 206.70 188.40 170.10
HINDPETRO 434.60 410.60 386.60 371.45 362.60 347.45 338.60 314.60 290.60
HINDUNILVR 1412.95 1376.20 1339.45 1321.15 1302.67 1284.35 1265.90 1229.15 1192.40
IBULHSGFIN 1414.10 1348.10 1282.10 1242.20 1216.08 1176.15 1150.05 1084.05 1018.05
ICICIBANK 348.20 330.95 313.70 303.65 296.43 286.35 279.15 261.90 244.65
INDUSINDBK 1822.80 1781.20 1739.60 1719.30 1697.97 1677.65 1656.35 1614.75 1573.15
INFRATEL 393.70 373.75 353.80 343.20 333.85 323.25 313.90 293.95 274.00
INFY 1242.00 1214.45 1186.90 1175.45 1159.35 1147.90 1131.80 1104.25 1076.70
IOC 411.25 401.85 392.45 389.00 383.03 379.55 373.60 364.20 354.80
ITC 276.80 271.25 265.70 262.50 260.12 256.90 254.55 249.00 243.45
KOTAKBANK 1174.95 1145.40 1115.85 1098.30 1086.28 1068.70 1056.70 1027.15 997.60
LT 1447.65 1394.20 1340.75 1315.30 1287.27 1261.80 1233.80 1180.35 1126.90
LUPIN 940.95 885.10 829.25 796.65 773.40 740.80 717.55 661.70 605.85
Continued .......

6 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
Weekly Pivots
NIFTY50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
M&M 833.10 797.20 761.30 743.65 725.37 707.70 689.45 653.55 617.65
MARUTI 9382.30 9165.30 8948.30 8812.60 8731.30 8595.60 8514.30 8297.30 8080.30
NTPC 181.40 175.45 169.50 167.05 163.55 161.10 157.60 151.65 145.70
ONGC 212.95 202.95 192.95 186.50 182.95 176.50 172.95 162.95 152.95
POWERGRID 209.50 204.25 199.00 195.70 193.73 190.40 188.45 183.20 177.95
RELIANCE 1090.05 1033.20 976.35 945.70 919.48 888.80 862.60 805.75 748.90
SBIN 316.45 295.75 275.05 264.35 254.32 243.60 233.60 212.90 192.20
SUNPHARMA 664.50 616.80 569.10 537.75 521.37 490.00 473.65 425.95 378.25
TATAMOTORS 436.10 407.50 378.90 360.45 350.30 331.85 321.70 293.10 264.50
TATASTEEL 831.25 763.45 695.65 654.20 627.83 586.35 560.00 492.20 424.40
TCS 3451.30 3314.85 3178.40 3106.70 3041.95 2970.25 2905.50 2769.05 2632.60
TECHM 715.40 683.50 651.60 636.40 619.68 604.45 587.75 555.85 523.95
ULTRACEMCO 4328.65 4246.05 4163.45 4109.70 4080.82 4027.05 3998.20 3915.60 3833.00
UPL 782.50 759.15 735.80 724.90 712.45 701.55 689.10 665.75 642.40
VEDL 367.60 348.20 328.80 316.90 309.37 297.45 289.95 270.55 251.15
WIPRO 319.25 308.65 298.05 291.70 287.42 281.05 276.80 266.20 255.60
YESBANK 378.45 354.15 329.85 316.35 305.52 292.00 281.20 256.90 232.60
ZEEL 639.55 614.00 588.45 578.80 562.87 553.20 537.30 511.75 486.20

7 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
Open Interest & Price Analysis
LONG BUILD-UP SHORT COVERING NIFTY OPTIONS OPEN INTEREST ANALYSIS
Change in OI Change in Price Change in OI Change in Price
Scrip Scrip
(in %) (in%) (in %) (in%)
ASHOKLEY 6.86% 4.14% HEXAWARE -14.00% 3.89%

VOLTAS 6.36% 1.77% CASTROLIND -9.74% 1.26%


TV18BRDCST 6.05% 1.53% ZEEL -4.11% 1.94%
- - - OFSS -3.35% 1.21%
- - - JUBLFOOD -2.49% 2.40%

SHORT BUILD-UP LONG UNWINDING


Change in OI Change in Price Change in OI Change in Price
Scrip Scrip
(in %) (in%) (in %) (in%)

BEML 34.77% -10.21% IDBI -32.93% -12.38%

ADANIENT 27.50% -21.68% FORTIS -32.71% -9.67%

INDIANB 27.21% -12.25% INFRATEL -31.78% -1.02% Analysis: As per the analysis of above chart.
JUSTDIAL 22.85% -5.92% MRPL -24.71% -2.28%
Major Resistance Level: At 10500.
Major Support Levels:- At 10000.
PEL 21.60% -7.52% HDIL -19.22% -12.25%

8 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
Nifty Analysis

WEEKLY PIVOTS
Fundamental Outlook

Equity benchmarks extended losses for the second consecutive week to shut shop at 10227, down 232 or 2.2%. PARTICULAR LEVELS

The week turned out to be a decider as we saw Nifty finally coming out of the recent congestion zone. The sell off
R4 11116.20
was intense across broader markets as Nifty Midcap & small cap dropped over 3.8% & 4.5%, respectively.
Fundamentally nifty is still looking bearish due to continuous negative trends from FII & DII. As far as FIIs activities R3 10834.20

are concerned we saw mixed positions forming in system; however, majority of the positions formed were on the
R2 10552.20
short side. Nifty traded with a PE Ratio range of 25.40– 24.79 during the week and sustaining in this range from
the last couple of weeks. R1 10385.40

PP 10270.20
Technical Outlook

The weekly price action continues to form a significant bear candle along with small lower shadow, indicating S1 10103.40

accelerated selling pressure on the breach of 10300 followed by breather near 200 DMA range of 10100 -10130,
S2 9988.20
as index recovered over 150 points from week low of 10141.
S3 9706.20

S4 9424.20

Continued …....

9 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
Nifty Analysis
Hence, we would continue with our ‘sell on rise’ approach and would expect the index to first slide towards
WEEKLY STRATEGY
10033 and then eventually to enter sub-10000 levels quite soon. However, before this, 10140 – 10350 has
PERTICULAR TARGET
become a no trade zone for the market. If any negativity has to resume, it would only happen after violating the
Action SELL
10140 mark.

Entry Price Below 10190

Target 10040/9860

Stop Loss 10310

TECHNICAL INDICATOR
ANALYSIS
CURRENT
INDICATOR
TREND
20 Days EMA NEGATIVE

50 Days EMA NEGATIVE

200 Days EMA POSITIVE


RSI NEGATIVE
MACD NEGATIVE
STOCHASTIC NEGATIVE
For this week traders can adopt sell on high strategy in nifty from the level of 10190 with the tgt of 10040/9860
with sl of 10310.

10 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
Bank Nifty analysis
Technical Outlook WEEKLY STRATEGY
PERTICULAR TARGET
Last week, Bank Nifty Mar Futures made a low of 24085and closed at 24310. On weekly basis, Bank nifty
breaches the major support level of 24500 and moves below these important support levels with negative RSI. Action SELL

It’s also sustaining below the important technical indicators like 20Days & 50Days SMA and technically for this
Entry Price Below 24275
week, we can further expect downside movement in it.

Target 23975/23675

Stop Loss 24475

WEEKLY PIVOTS
PARTICULAR LEVELS

R4 27493.25
R3 26493.95
R2 25494.65
R1 24905.00
PP 24495.35
S1 23905.70
For this week, traders can adopt sell on higher levels strategy in it and below the level of Rs.24275, it can test S2 23496.05
the level of Rs.23975/ 23675 during the week. Trades can make sell position in it by maintaining a Stop Loss of S3 22496.75
Rs.24475. 21497.45
S4
11 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
HEXAWARE ( Call of the Week Cash)
Technical Outlook WEEKLY STRATEGY
HEXAWARE started the week on positive note on Monday but was unable to continue its bullish run in next PERTICULAR DETAILS

trading session .In mid of the week stock again started to show strength which lead to close the week on ACTION Buy

positive note. It is trading firmly above its important moving averages 21, 50 and 100 (EMA) which is confirming Above 367.60
ENTRY PRICE
that stock is in bullish trend. On chart stock has showed a good consolidation on higher levels.
TARGET 379.50

STOP LOSS 360.60

WEEKLY PIVOTS
PARTICULAR LEVELS
R4 412.40
R3 392.45
R2 372.50
R1 365.30
PP 352.55

S1 345.35
S2 332.60
For this week, traders can adopt buy on lower level strategy in it and above the level of 367.60 it can test the
level of Rs. 379.50 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 360.60. S3 312.65
S4 292.70

12 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
TV18BRDCST ( Call of the Week Cash)
Technical Outlook WEEKLY STRATEGY
Technically TV18BRDCST is looking bullish on the chart. Last week stock started the trading with some sideways PARTICULAR TARGET

movement as it was trading in a range of 59-62 for most the week. In last trading session stock showed good ACTION Buy

positive move and given closing in positive note. Stock has crossed its major resistance levels of 62 and trading ENTRY PRICE Above 64
above this levels .On intraday charts Technical indicator moving averages is also indicating buying in the stock.
TARGET 67.00

Buy 61.90

WEEKLY PIVOTS
PARTICULAR LEVELS
R4 75.15
R3 70.80
R2 66.45

R1 64.70

PP 62.1
S1 60.35
For this week, traders can adopt buy on lower level strategy in it and above the level of 64 it can test the level of S2 57.75
Rs. 67 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 61.70. S3 53.40
S4 49.05

13 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
EXIDEIND ( Call of the Week Future )
Technical Outlook WEEKLY STRATEGY
PARTICULAR TARGET
Last week Exideind Mar Futures started the week in negative note and after that traded higher for the entire
ACTION BUY
week. It also broke the major resistance level of 210 during the week and able to give closing above this
resistance level. It still sustaining on higher level with oversold RSI & positive bias and for this week we can ENTRY PRICE ABOVE 214.50
expect further upside movement in it.
TARGET 218.50

STOP LOSS 212.50

WEEKLY PIVOTS
PARTICULAR LEVELS
R4 238.70
R3 228.60
R2 218.50
R1 214.30
PP 208.4
S1 204.20
S2 198.30
For this week traders can adopt buy on lower level strategy in it and above the level of 214.50 it can test the
S3 188.20
level of 218.50. One can make buy position in it by maintaining a SL of 212.50.
S4 178.10

14 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
YESBANK ( Call of the Week Future)
Technical Outlook WEEKLY STRATEGY
Last week, Yes bank started the week in negative note and moved in negative trend. For the entire week, it PARTICULAR TARGET
breaches major support levels of 300 but was unable to give closing below it. For this week, we can expect ACTION SELL
downside movement in the stock.
ENTRY PRICE Below 302

TARGET 290.00

SL 306.00

WEEKLY PIVOTS
PARTICULAR LEVELS
R4 398.90
R3 368.45
R2 338.00
R1 320.80
PP 307.55
S1 290.35
For this week traders can adopt sell on higher level strategy in it and below the level of 302 it can test the level of S2 277.10
295 on the downside. One can make sell position in it by maintaining a SL of 306.
S3 246.65
S4 216.20

15 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 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
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ु धं ान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी कंऩननमां अनसु ध
ं ान रयऩोटा भें शालभर कंऩननमों के साथ कायोफाय नहीं कयती हैं औय न ही ककसी बी तयह के उत्ऩादों / प्रनतबनू तमों के जायीकताा के साथ जड
ु ी हैं, जो मह सनु नक्श्चत कयता है कक टहतों के
लरए कोई वास्तववक मा संबाववत संघषा नहीं है | ननमाभक ननकाम के अनुऩारन को सनु नक्श्चत कयने के लरए हभने मह तम ककमा है कक कंऩनी औय उसके कोई बी प्रनतननधध फाज़ाय भें ट्रे ड नहीं कयें गे।
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.
ग्राहकों को मह सराह दी जाती है कक वे रयऩोटा भें दी गई जानकायी को केवर याम के रूऩ भें दे खें औय ननवेश के लरए स्वमं पैसरा कयें | ग्राहकों को वेफसाइट ऩय प्रकालशत सेवाओं के ननमभों औय शतों को ऩढ़ने औय सभझने की बी सराह दी जाती है | कंऩनी के ननगभन के फाद
ननमाभक ननकाम द्वायाकंऩनी के खखराप कोई भक
ु दभा (माधचका) दामय नहीं ककमा गमा है ।

16 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018
LEGAL DISCLAIMER
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 भाकेट अनस
ु ध
ं ान ननवेश सराहकाय प्राइवेट लरलभटे ड द्वाया ननमव
ु त हैं | इस रयऩोटा भें व्मवत सबी ववचाय कंऩनी के फाये भें व्मक्वतगत ववचायों को दशााता है औय कंऩननमों औय उनकी
प्रनतबनू तमां औय ऺनतऩनू ता (भआ
ु वजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सझ
ु ावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफधं धत 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 भार्केट अनुसंधान ननवेश सराहर्काय प्राइवेट लरलभटे ड मा उसर्के सहमोगी मा उनर्के कर्कसी बी तत्र्कार रयश्तेदाय र्की ववषम र्कंऩनी भें र्कोई ववत्तीम रुचि नह ं है औय न ह इस तयह र्की ववत्तीम हहत र्की प्रर्कृनत है|
(b) 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 भार्केट अनुसंधान ननवेश सराहर्काय प्राइवेट लरलभटे ड मा उसर्के सहमोगी मा उनर्के कर्कसी बी तत्र्कार रयश्तेदाय र्की ववषम र्कंऩनी र्की प्रनतबूनतमों भें एर्क प्रनतशत मा उससे अचधर्क र्के वास्तववर्क / पामदे भंद स्वालभत्व नह ं हैं |
(c) 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 भार्केट अनुसंधान ननवेश सराहर्काय प्राइवेट लरलभटे ड मा उसर्के सहमोचगमों र्को अनुसंधान रयऩोटट र्के प्रर्काशन र्के सभम मा सावटजननर्क रूऩ से उऩस्स्थत होने र्के सभम र्कोई अन्म बौनतर्क संघषट नह ं 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 भाकेट अनुसध


ं ान ननवेश सराहकाय प्राइवेट लरलभटे ड की ऩॉलरसी अऩने ववश्रेषकों , ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कंऩनी की प्रनतबनू तमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है ।
ववश्रेषक ऺनतऩनू ता : ववश्रेषक हाई ब्रो भाकेट अनुसध
ं ान ननवेश सराहकाय प्राइवेट लरलभटे ड 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 भाकेट अनुसध


ं ान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने वऩिरे 12 भहीनों भें ववषम कंऩनी से कोई भआ
ु वजा 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) अनस
ु ंधान रयऩोटट र्के ववतयण र्की नतचथ से ऩव
ू ट फायह भह नों र्के दौयान ववषम र्कंऩनी अफ मा र्कबी बी ग्राहर्क नह ं यह 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 भार्केट अनुसंधान ननवेश सराहर्काय प्राइवेट लरलभटे ड मा उसर्के सहमोगीमों ने ववषम र्कंऩनी र्के अचधर्काय , ननदे शर्क मा र्कभटिाय र्के रूऩ भें र्कबी बी र्काभ

17 Copyright © 2018 Ways2Capital. All rights reserved Monday, March 12, 2018

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