8. 8 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
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: 10500.
Major Support Levels:- 10000.
Open Interest & price Analysis
BOSCHLTD 44.31% 4.34%
CHOLAFIN 39.11% 4.57%
APOLLOTYRE 32.50% 8.03%
AMBUJACEM 29.88% 2.42%
REPCOHOME 27.10% 2.44%
APOLLOHOSP -22.12% 5.52%
ENGINERSIN -17.24% 4.97%
ANDHRABANK -13.71% 4.00%
JUSTDIAL -11.88% 2.01%
ORIENTBANK -11.46% 2.18%
CUMMINSIND 213.90% -4.55%
RAMCOCEM 71.15% -1.80%
GRASIM 64.31% -2.95%
OIL 59.48% -7.53%
CANFINHOME 36.50% -4.30%
FORTIS -35.54% -14.01%
RCOM -3.84% -4.61%
- - -
- - -
- - -
9. 9 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Last week started on positive note as index roared more than 100 points on the back of relief rally. However, mar-
kets remained under pressure on Wednesday, which was mainly on the back of a sharp overnight sell off seen in US
markets. FII DII activity remains contrast to each other as we have seen buying from DII in whole week while FII re-
main bearish in their approach. Nifty P/E ratio was in the range of 25.68 to 25.95 for the past week.
On Macroeconomic front; data like Federal Fiscal Deficit, Foreign Debt (USD), Bank Loan Growth, Deposit Growth
etc released last week but none of them created major impact on the market. For this week, important economic
data like Current Account (USD), Cash Reserve Ratio,
Interest Rate Decision coupled with the FII & DII activity will provide further direction to the market.
Technical Outlook
The concluding week of the financial year was bit of volatile as we saw massive recovery on Monday followed by a
gap up opening to retest the 10200 mark. However, markets remained under pressure on Wednesday, due to fu-
ture & options expiry. Eventually, Nifty concluded the financial year above the 10100 mark.
Continued тАж....
Nifty Analysis
R4 10836.65
R3 10603.90
R2 10371.15
R1 10261.55
PP 10138.40
S1 10028.80
S2 9905.65
S3 9672.90
S4 9440.15
10. 10 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
For the coming week, 10230-10350 would be seen as a strong resistance zone; whereas, on the lower side,
10049 followed by 9951 would act as a crucial support zone. As long as Nifty remains within this range of 10230 -
9951, we expect the consolidation to continue but at current juncture any selling pressure below 10110 may
bring index towards 9960-9810 levels.
Continued тАж....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 10110 it can test the
level of Rs. 9960 & 9810 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs.
10210.
Nifty Analysis
ACTION SELL
ENTRY PRICE Below 10110
TARGET 9960/9810
STOP LOSS 10210
20 Days EMA NEGATIVE
50 Days EMA NEGATIVE
200 Days EMA POSITIVE
RSI NEGATIVE
MACD NEGATIVE
STOCHASTIC NEGATIVE
11. 11 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
Nifty Bank Futures started the last week on positive note as most the PSU bank showed short covering on Mon-
day but for next couple of days it remained range bound. Bank Nifty managed to close the week on positive but
turning its move from 24700-24900 from where the long term moving averages are lying.
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 24300 it can test the
level of Rs. 24000 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 24500.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 27578.10
R3 26387.05
R2 25196.00
R1 24267.65
PP 24004.95
S1 23076.60
S2 22813.90
S3 21622.85
S4 20431.80
ACTION SELL
ENTRY PRICE Below 24300
TARGET 24000/23700
STOP LOSS 24500
12. 12 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
Technical Outlook
Overall trend of the Stock is bullish for medium-long term .Currently stock is in some correction phase. For the
last couple of weeks stock was trading in a range. Now Stock has gave breakout of this range on upside with
good volumes on daily chart. Candle Pattern shows good strength in buying and it has also crossed its major
resistance levels of 800. Stock is trading above its important moving averages on daily chart.
For this week, traders can adopt buy on lower level strategy in it and above the level of 808 it can test the level
of Rs. 832 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 792.
MINDTREE Cash ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 832.00
R3 813.00
R2 794.00
R1 783.00
PP 775.00
S1 764.00
S2 756.00
S3 737.00
S4 718.00
ACTION BUY
ENTRY PRICE Above 808.00
TARGET 832.00
STOP LOSS 794.00
13. 13 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
Technical Outlook
BAJAJELEC started the last week on positive note on Monday and showed a good positive rally which led stock
to close on positive note. On daily chart it showed a good consolidation on lower levels. Stock is trading above
its 21 & 50 days moving averages .On intraday chart stock is forming Inverse H&S price pattern and if it gave
breakout of this pattern than further upside move can be expected in the stock.
For this week, traders can adopt buy on lower level strategy in it and above the level of 582 it can test the level
of Rs. 598 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 570.
BAJAELEC Cash ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 706.55
R3 657.60
R2 608.65
R1 586.35
PP 559.70
S1 537.40
S2 510.75
S3 461.80
S4 412.85
ACTION BUY
ENTRY PRICE Above 582.00
TARGET 598.00
STOP LOSS 570.00
14. 14 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
Technical Outlook
Last week voltas futures open in positive note and made high of 626 it moves in positive trend in entire week.
According to technical analysis voltas futures break importatnt resistance level of 625 and give closing above
this resistance level we can expect further upside movement in it above this level.
For next week trader can made long position in voltas futures above the level of 636 with the tgt of 649 and sl
of 629.
VOLTAS Futures ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 680.65
R3 660.55
R2 640.45
R1 632.20
PP 620.35
S1 612.10
S2 600.25
S3 580.15
S4 560.05
ACTION BUY
ENTRY PRICE Above 636.00
TARGET 649.00
STOP LOSS 629.00
15. 15 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
Technical Outlook
Last week HDFC BANK open in negative note after that it moves in positive note in entire week and made high
of 1898.90. according to technical analysis hdfc bank give closing near the resistance level of 1900 we can ex-
pect upside movement in hdfcbank above the level of 1900. on the other hand on weekly chart bullish engulf-
ing pattern also indicate that upside movement in it
For next week traders can made long positions in hdfc bank above the level of 1916 with the tgt of 1955 and sl
of 1906.
HDFCBANK Futures ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 2075.60
R3 2009.55
R2 1943.50
R1 1916.95
PP 1877.45
S1 1850.90
S2 1811.40
S3 1745.35
S4 1679.30
ACTION BUY
ENTRY PRICE Above 1916.00
TARGET 1955.00
STOP LOSS 1906.00
16. 16 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
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рдХреЛ рдЦрдпреАрджрдиреЗ рдХреЗ рд▓рд░рдП рдлреЗрдЪрдиреЗ рдорд╛ рдПрдХ рдЖрдЧреНрд░рд╣ рдХреЗ рд▓рд░рдП рдкреНрд░рд╕реНрддрд╛рд╡ рдХреЗ рд░реВрдй рднреЗрдВ рдирд╣реАрдВ рднрд╛рдирд╛ рдЬрд╛ рд╕рдХрддрд╛ рд╣реИ|
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website have right to opt the product services of their own choices.
рдЙрдйрдпреЛрд╡рдд рд╕рдмреА рд╕реВрдЪрдирд╛, рд╕реНрддрдп рдФрдп рд╕реБрдЭрд╛рд╡, Ways2Capital рдХреЗ рд╡рд╡рд╢реЗрд╖рд╗ рдХреЗ рдйреИрдирд░ рджреНрд╡рд╛рдпрд╛ рдХрдХрдП рдЧрдП рддрдХрдиреАрдХреА рдФрдп рднреМрд▓рд░рдХ рдЕрдиреБрд╕рдВрдзрд╛рди рдХреЗ рдЖрдзрд╛рдп рдйрдп рджреА рдЧрдИ рд╣реИрдВ, рд░реЗрдХрдХрди рд╣рдн рдЯрджрдП рдЧрдП рд╕реБрдЭрд╛рд╡реЛрдВ рдХреА рддреНрд░реБрдЯрдЯрдореЛрдВ рдХреЗ рд▓рд░рдП рдХреЛрдИ рджрд╛рдирдорддреНрд╡ рд╕реНрд╡реАрдХрд╛рдп рдирд╣реАрдВ рдХрдпрддреЗ рд╣реИрдВ | рд╡реЗрдлрд╕рд╛рдЗрдЯ рдХреЗ рднрд╛рдзреНрдордн рд╕реЗ рд╕рдХрдкрд┐рдВ рдЧ рдХрдпрдиреЗ
рд╡рд╛рд░реЗ рд░реЛрдЧреЛрдВ рдХреЛ рдЕрдйрдиреА рдйрд╕рдВрдж рдХреЗ рдЙрддреНрдйрд╛рдж рд╕реЗрд╡рд╛рдУрдВ рдХреЛ рдЪреБрдирдиреЗ рдХрд╛ рдЕрдзрдзрдХрд╛рдп рд╣реИ|
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рдЗрдХреНрд╡рд╡рдЯреА / рдХрднреЛрдбрдбрдЯреА рдлрд╛рдЬрд╛рдп рднреЗрдВ рдХреЛрдИ рдмреА рдирдирд╡реЗрд╢ рдЬреЛрдЦрдЦрдн рдХреЗ рдЕрдзреАрди рд╣реЛрддрд╛ рд╣реИ, рдХрдВ рдйрдиреА рдЗрди рд╕реБрдЭрд╛рд╡реЛрдВ рдйрдп рдХрдХрдП рдЧрдП рдХрдХрд╕реА рдмреА рдиреБрдХрд╕рд╛рди рдХреЗ рд▓рд░рдП рдЙрддреНрддрдпрджрд╛рдореА рдирд╣реАрдВ рд╣реЛрдЧреА | рдорд╣ рд╕реНрддрдп рдмрд╡рд╡рд╖реНрдо рдХреЗ рдХреАрднрддреЛрдВ рдХреА рдЧрдирдд рдХрд╛ рд╕рдВрдХреЗ рдд рдирд╣реАрдВ рджреЗрддреЗ рд╣реИ| рд╡реЗрдлрд╕рд╛рдЗрдЯ рдХреЗ рднрд╛рдзреНрдордн рд╕реЗ рдХрдХрд╕реА рдмреА рдмреНрд░рд╛рдЙрдХреНрдЬрд╝рдВрдЧ рдХрд╛
рдЕрдерд╛ рд╣реИ рдЕрд╕реНрд╡реАрдХрдпрдг рдХреА рд╕реНрд╡реАрдХреГ рдирддред
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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 рднрд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд░рд╛рд╣рдХрд╛рдп рдкреНрд░рд╛рдЗрд╡реЗрдЯ рд▓рд░рд▓рднрдЯреЗрдб рдорд╛ рдЙрд╕рдХреЗ рд╕рд╣рдореЛрдЧреА рдХрдВ рдйрдирдирдорд╛рдВ рдЕрдиреБрд╕рдВрдзрд╛рди рд░рдпрдйреЛрдЯрд╛ рднреЗрдВ рд╢рд╛рд▓рднрд░ рдХрдВ рдйрдирдирдореЛрдВ рдХреЗ рд╕рд╛рде рдХрд╛рдпреЛрдлрд╛рдп рдирд╣реАрдВ рдХрдпрддреА рд╣реИрдВ рдФрдп рди рд╣реА рдХрдХрд╕реА рдмреА рддрдпрд╣ рдХреЗ рдЙрддреНрдйрд╛рджреЛрдВ / рдкреНрд░рдирддрдмреВрдирддрдореЛрдВ рдХреЗ рдЬрд╛рдпреАрдХрддрд╛рд╛ рдХреЗ рд╕рд╛рде рдЬреБрдбреА рд╣реИрдВ, рдЬреЛ рдорд╣ рд╕реБрдирдирдХреНрд╢реНрдЪрдд рдХрдпрддрд╛ рд╣реИ
рдХрдХ рдЯрд╣рддреЛрдВ рдХреЗ рд▓рд░рдП рдХреЛрдИ рд╡рд╛рд╕реНрддрд╡рд╡рдХ рдорд╛ рд╕рдВрдмрд╛рд╡рд╡рдд рд╕рдВрдШрд╖рд╛ рдирд╣реАрдВ рд╣реИ | рдирдирдорд╛рднрдХ рдирдирдХрд╛рдо рдХреЗ рдЕрдиреБрдйрд╛рд░рди рдХреЛ рд╕реБрдирдирдХреНрд╢реНрдЪрдд рдХрдпрдиреЗ рдХреЗ рд▓рд░рдП рд╣рднрдиреЗ рдорд╣ рддрдо рдХрдХрдорд╛ рд╣реИ рдХрдХ рдХрдВ рдйрдиреА рдФрдп рдЙрд╕рдХреЗ рдХреЛрдИ рдмреА рдкреНрд░рдирддрдирдирдзрдз рдлрд╛рдЬрд╝рд╛рдп рднреЗрдВ рдЯреНрд░реЗрдб рдирд╣реАрдВ рдХрдпреЗрдВрдЧреЗред
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Disclaimer
17. 17 Copyright ┬й 2018 Ways2Capital. All rights reserved 02/04/2018
рдЧреНрд░рд╛рд╣рдХреЛрдВ рдХреЛ рдорд╣ рд╕рд░рд╛рд╣ рджреА рдЬрд╛рддреА рд╣реИ рдХрдХ рд╡реЗ рд░рдпрдйреЛрдЯрд╛ рднреЗрдВ рджреА рдЧрдИ рдЬрд╛рдирдХрд╛рдпреА рдХреЛ рдХреЗ рд╡рд░ рдпрд╛рдо рдХреЗ рд░реВрдй рднреЗрдВ рджреЗрдЦреЗрдВ рдФрдп рдирдирд╡реЗрд╢ рдХреЗ рд▓рд░рдП рд╕реНрд╡рдордВ рдкреИ рд╕рд░рд╛ рдХрдпреЗрдВ | рдЧреНрд░рд╛рд╣рдХреЛрдВ рдХреЛ рд╡реЗрдлрд╕рд╛рдЗрдЯ рдйрдп рдкреНрд░рдХрд╛рд▓рд╢рдд рд╕реЗрд╡рд╛рдУрдВ рдХреЗ рдирдирдорднреЛрдВ рдФрдп рд╢рддреЛрдВ рдХреЛ рдйрдврд╝рдиреЗ рдФрдп рд╕рднрдЭрдиреЗ рдХреА рдмреА рд╕рд░рд╛рд╣ рджреА рдЬрд╛рддреА рд╣реИ | рдХрдВ рдйрдиреА рдХреЗ
рдирдирдЧрднрди рдХреЗ рдлрд╛рдж рдирдирдорд╛рднрдХ рдирдирдХрд╛рдо рджреНрд╡рд╛рдпрд╛рдХрдВ рдйрдиреА рдХреЗ рдЦрдЦрд░рд╛рдк рдХреЛрдИ рднреБрдХрджрднрд╛ (рдорд╛рдзрдЪрдХрд╛) рджрд╛рдордп рдирд╣реАрдВ рдХрдХрдорд╛ рдЧрдорд╛ рд╣реИред
DISCLOSURE APPENDIX (рдкреНрд░рдХрдЯреАрдХрдпрдг рдйрд░рдпрд▓рд╢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░рдпрдйреЛрдЯрд╛ рд╡рд╡рд╢реНрд░реЗрд╖рдХреЛрдВ рджреНрд╡рд╛рдпрд╛ рддреИрдорд╛рдп рдХреА рдЧрдореА рд╣реИ рдЬреЛ рджреНрд╡рд╛рдпрд╛ рд╣рд╛рдИ рдмреНрд░реЛ рднрд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд░рд╛рд╣рдХрд╛рдп рдкреНрд░рд╛рдЗрд╡реЗрдЯ рд▓рд░рд▓рднрдЯреЗрдб рджреНрд╡рд╛рдпрд╛ рдирдирдореБрд╡рдд рд╣реИрдВ | рдЗрд╕ рд░рдпрдйреЛрдЯрд╛ рднреЗрдВ рд╡реНрдорд╡рдд рд╕рдмреА рд╡рд╡рдЪрд╛рдп рдХрдВ рдйрдиреА рдХреЗ рдлрд╛рдпреЗ рднреЗрдВ рд╡реНрдордХреНрд╡рддрдЧрдд рд╡рд╡рдЪрд╛рдпреЛрдВ рдХреЛ рджрд╢рд╛рд╛рддрд╛ рд╣реИ рдФрдп рдХрдВ рдйрдирдирдореЛрдВ рдФрдп рдЙрдирдХреА рдкреНрд░рдирддрдмреВрдирддрдорд╛рдВ рдФрдп
рд║рдирддрдйреВрдирддрд╛ (рднреБрдЖрд╡рдЬреЗ) рдХрд╛ рдХреЛрдИ рдЯрд╣рд╕реНрд╕рд╛, рдорд╛ рдЗрд╕ рд╢реЛрдз рд░рдпрдйреЛрдЯрд╛ рднреЗрдВ рдирдирдЯрд╣рдд рд╡рд╡рд╢реЗрд╖ рд╕реБрдЭрд╛рд╡реЛрдВ рдорд╛ рд╡рд╡рдЪрд╛рдпреЛрдВ рд╕реЗ рдкреНрд░рддреНрдорд║ рдорд╛ рдЕрдкреНрд░рддреНрдорд║ рд░реВрдй рд╕реЗ рд╕рдВрдлрдВрдзрдзрдд рдирд╣реАрдВ рд╣реЛрдЧрд╛ред
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (рдЯрд╣рддреЛрдВ рдХреЗ рд╕рдВрдШрд╖рд╛ рдХреЗ рднрд╛рднрд░реЗ рднреЗрдВ рдкреНрд░рдХрдЯреАрдХрдпрдг ):
(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 рднрд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд░рд╛рд╣рдХрд╛рдп рдкреНрд░рд╛рдЗрд╡реЗрдЯ рд▓рд░рд▓рднрдЯреЗрдб рдорд╛ рдЙрд╕рдХреЗ рд╕рд╣рдореЛрдЧреА рдорд╛ рдЙрдирдХреЗ рдХрдХрд╕реА рдмреА рддрддреНрдХрд╛рд░ рд░рдпрд╢реНрддреЗрджрд╛рдп рдХреА рд╡рд╡рд╖рдо рдХрдВ рдйрдиреА рднреЗрдВ рдХреЛрдИ рд╡рд╡рддреНрддреАрдо рд░реБрдзрдЪ рдирд╣реАрдВ рд╣реИ рдФрдп рди рд╣реА рдЗрд╕ рддрдпрд╣ рдХреА рд╡рд╡рддреНрддреАрдо рдЯрд╣рдд рдХреА рдкреНрд░рдХреГ рдирдд 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,
(рдл) рд╣рд╛рдИ рдмреНрд░реЛ рднрд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд░рд╛рд╣рдХрд╛рдп рдкреНрд░рд╛рдЗрд╡реЗрдЯ рд▓рд░рд▓рднрдЯреЗрдб рдорд╛ рдЙрд╕рдХреЗ рд╕рд╣рдореЛрдЧреА рдорд╛ рдЙрдирдХреЗ рдХрдХрд╕реА рдмреА рддрддреНрдХрд╛рд░ рд░рдпрд╢реНрддреЗрджрд╛рдп рдХреА рд╡рд╡рд╖рдо рдХрдВ рдйрдиреА рдХреА рдкреНрд░рдирддрдмреВрдирддрдореЛрдВ рднреЗрдВ рдПрдХ рдкреНрд░рдирддрд╢рдд рдорд╛ рдЙрд╕рд╕реЗ рдЕрдзрдзрдХ рдХреЗ рд╡рд╛рд╕реНрддрд╡рд╡рдХ / рдкрд╛рдорджреЗрднрдВрдж рд╕реНрд╡рд╛рд▓рднрддреНрд╡ 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 рднрд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд░рд╛рд╣рдХрд╛рдп рдкреНрд░рд╛рдЗрд╡реЗрдЯ рд▓рд░рд▓рднрдЯреЗрдб рдорд╛ рдЙрд╕рдХреЗ рд╕рд╣рдореЛрдзрдЧрдореЛрдВ рдХреЛ рдЕрдиреБрд╕рдВрдзрд╛рди рд░рдпрдйреЛрдЯрд╛ рдХреЗ рдкреНрд░рдХрд╛рд╢рди рдХреЗ рд╕рднрдо рдорд╛ рд╕рд╛рд╡рд╛рдЬрдирдирдХ рд░реВрдй рд╕реЗ рдЙрдйрдХреНрд╕реНрдердд рд╣реЛрдиреЗ рдХреЗ рд╕рднрдо рдХреЛрдИ рдЕрдиреНрдо рдмреМрдирддрдХ рд╕рдВрдШрд╖рд╛ рдирд╣реАрдВ рд╣реИ|
DISCLOSURE IN TERMS OF COMPENSATION ( рд║рдирддрдйреВрдирддрд╛ рдХреЗ рд╕рдВрджрдмрд╛ рднреЗрдВ рдкреНрд░рдХрдЯреАрдХрдпрдг):
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 рднрд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд░рд╛рд╣рдХрд╛рдп рдкреНрд░рд╛рдЗрд╡реЗрдЯ рд▓рд░рд▓рднрдЯреЗрдб рдХреА рдйреЙрд▓рд░рд╕реА рдЕрдйрдиреЗ рд╡рд╡рд╢реНрд░реЗрд╖рдХреЛрдВ, рдйреЗрд╢реЗрд╡рдпреЛрдВ рдХреЛ рд╡рд╡рд╢реНрд░реЗрд╖рдХ рдХреЗ рд║реЗрддреНрд░ рднреЗрдВ рдХрдХрд╕реА рдмреА рдХрдВ рдйрдиреА рдХреА рдкреНрд░рдирддрдмреВрдирддрдореЛрдВ рдХреЗ рд╕реНрд╡рд╛рднреА рд╕реЗ рд╡рд╡рд╢реНрд░реЗрд╖рдХреЛрдВ рдХреЛ рд░рдпрдйреЛрдЯрд╛ рдХрдпрдиреЗ рд╕реЗ рдпреЛрдХрддреА рд╣реИред
рд╡рд╡рд╢реНрд░реЗрд╖рдХ рд║рдирддрдйреВрдирддрд╛ : рд╡рд╡рд╢реНрд░реЗрд╖рдХ рд╣рд╛рдИ рдмреНрд░реЛ рднрд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд░рд╛рд╣рдХрд╛рдп рдкреНрд░рд╛рдЗрд╡реЗрдЯ рд▓рд░рд▓рднрдЯреЗрдб рдХреЗ рд╡реЗрддрди рдЖрдзрд╛рд░рдпрдд рд╕реНрдерд╛рдореА рдХрднрд╛рдЪрд╛рдпреА рд╣реИ |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (рд╕рд╛рд╡рд╛рдЬрдирдирдХ рдкреНрд░рдХрдЯрди рдХреЗ рднрд╛рднрд░реЗ рднреЗрдВ рдкреНрд░рдХрдЯреАрдХрдпрдг ) :
(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 рднрд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд░рд╛рд╣рдХрд╛рдп рдкреНрд░рд╛рдЗрд╡реЗрдЯ рд▓рд░рд▓рднрдЯреЗрдб рдорд╛ рдЙрд╕рдХреЗ рд╕рд╣рдореЛрдЧреАрдореЛрдВ рдиреЗ рд╡рдйрд┐рд░реЗ 12 рднрд╣реАрдиреЛрдВ рднреЗрдВ рд╡рд╡рд╖рдо рдХрдВ рдйрдиреА рд╕реЗ рдХреЛрдИ рднреБрдЖрд╡рдЬрд╛ рдкреНрд░рд╛рдкреНрдд рдирд╣реАрдВ рдХрдХрдорд╛ 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░рдпрдйреЛрдЯрд╛ рдХреЗ рд╡рд╡рддрдпрдг рдХреА рдирддрдзрде рд╕реЗ рдйреВрд╡рд╛ рдлрд╛рдпрд╣ рднрд╣реАрдиреЛрдВ рдХреЗ рджреМрдпрд╛рди рд╡рд╡рд╖рдо рдХрдВ рдйрдиреА рдЕрдл рдорд╛ рдХрдмреА рдмреА рдЧреНрд░рд╛рд╣рдХ рдирд╣реАрдВ рдпрд╣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 рднрд╛рдХреЗ рдЯ рдЕрдиреБрд╕рдВрдзрд╛рди рдирдирд╡реЗрд╢ рд╕рд░рд╛рд╣рдХрд╛рдп рдкреНрд░рд╛рдЗрд╡реЗрдЯ рд▓рд░рд▓рднрдЯреЗрдб рдорд╛ рдЙрд╕рдХреЗ рд╕рд╣рдореЛрдЧреАрдореЛрдВ рдиреЗ рд╡рд╡рд╖рдо рдХрдВ рдйрдиреА рдХреЗ рдЕрдзрдзрдХрд╛рдпреА, рдирдирджреЗрд╢рдХ рдорд╛ рдХрднрд╛рдЪрд╛рдпреА рдХреЗ рд░реВрдй рднреЗрдВ рдХрдмреА рдмреА рдХрд╛рдн
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