Equity Research Report 27 August 2018 Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
PHONE: 0731-6626191 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001

2 Copyright © 2018 Ways2Capital. All rights reserved 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 Wrap–Up
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%

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

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%

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

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

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

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%
- - -
- - -
- - -
- - -
- - -

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 …....
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

Continued …....
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
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.

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

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

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

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 it’s 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

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 it’s 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

LEGAL DISCLAIMER ( कानूनी अस्वीकरण) :
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.
यह दस्तावेज़ Ways2Capital (हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड का एक भाग) द्वारा तैयार ककया गया है | यहां पर दी गई जानकारी, नवश्लेषण और अनुमान Ways2Capital इकिटी / कमोनडटी अनुसंधान के मूलयांकन पर आधाररत हैं और नवश्वसनीय स्रोतों से प्राप्त की गई है | यह दस्तावेज़ केवल
इनछित प्राप्तकताा के उपयोग के नलए 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.
यह दस्तावेज़, सवोत्तम रूप से, Ways2Capital इकिटी / कमोनडटीज अनुसंधान का प्रनतनननधत्व करता है और सामान्य जानकारी के नलए ही है | Ways2Capital इकिटी / कमोनडटीज अनुसंधान, इसके ननदेशकों, अनधकारी या कमाचारी ककसी भी तरह से संबंनधत सामग्री के नलए नजम्मेदार नहीं है।|
Ways2Capital इकिटी / कमोनडटीज अनुसंधान ककसी भी और सभी उत्तरदानयत्वों को स्पष्ट रूप से अस्वीकार करता है जो इस संबंध में सूचना, त्रुरटयों या चूक से पैदा हो सकता है| इस दस्तावेज को ककसी भी प्रनतभूनत या वस्तु को खरीदने के नलए बेचने या एक आग्रह के नलए प्रस्ताव के रूप में नहीं माना 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.
उपरोक्त सभी सूचना, स्तर और सुझाव, Ways2Capital के नवशेषज्ञ के पैनल द्वारा ककए गए तकनीकी और मौनलक अनुसंधान के आधार पर दी गई हैं, लेककन हम कदए गए सुझावों की त्रुरटयों के नलए कोई दानयत्व स्वीकार नहीं करते हैं | वेबसाइट के माध्यम से सर्फिंग करने वाले लोगों को अपनी पसंद के उत्पाद सेवाओं को
चुनने का अनधकार 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.
इकिटी / कमोनडटी बाजार में कोई भी ननवेश जोनखम के अधीन होता है, कंपनी इन सुझावों पर ककए गए ककसी भी नुकसान के नलए उत्तरदायी नहीं होगी | यह स्तर भनवष्य के कीमतों की गनत का संकेत नहीं देते है| वेबसाइट के माध्यम से ककसी भी ब्राउजज़ग का अथा है अस्वीकरण की स्वीकृनत।
DISCLOSURE ( प्रकटीकरण) :
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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी कंपननयां अनुसंधान ररपोटा में शानमल कंपननयों के साथ कारोबार नहीं करती हैं और न ही ककसी भी तरह के उत्पादों / प्रनतभूनतयों के जारीकताा के साथ जुडी हैं, जो यह सुनननित करता है कक नहतों के नलए कोई वास्तनवक या
संभानवत संघषा नहीं है | ननयामक ननकाय के अनुपालन को सुनननित करने के नलए हमने यह तय ककया है कक कंपनी और उसके कोई भी प्रनतनननध बाज़ार में ट्रेड नहीं करेंगे।
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

ग्राहकों को यह सलाह दी जाती है कक वे ररपोटा में दी गई जानकारी को केवल राय के रूप में देखें और ननवेश के नलए स्वयं िंै सला करें | ग्राहकों को वेबसाइट पर प्रकानशत सेवाओं के ननयमों और शतों को पढ़ने और समझने की भी सलाह दी जाती है | कं पनी के ननगमन के बाद ननयामक ननकाय द्वाराकंपनी के
नखलािं कोई मुकदमा (यानचका) दायर नहीं ककया गया है।
DISCLOSURE APPENDIX ( प्रकटीकरण पररनशष्ट ) :
The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt. Ltd. All the views expressed in this report 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.
ररपोटा नवश्लेषकों द्वारा तैयार की गयी है जो द्वारा हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड द्वारा ननयुक्त हैं | इस ररपोटा में व्यक्त सभी नवचार कंपनी के बारे में व्यनक्तगत नवचारों को दशााता है और कंपननयों और उनकी प्रनतभूनतयां और क्षनतपूर्तत (मुआवजे) का कोई नहस्सा, या इस
शोध ररपोटा में नननहत नवशेष सुझावों या नवचारों से प्रत्यक्ष या अप्रत्यक्ष रूप से संबंनधत नहीं होगा।
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (नहतों के संघषा के मामले में प्रकटीकरण ):
(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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी में कोई नवत्तीय रुनच नहीं है और न ही इस तरह की नवत्तीय नहत की प्रकृनत 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,
( ब) हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी की प्रनतभूनतयों में एक प्रनतशत या उससे अनधक के वास्तनवक / िंायदेमंद स्वानमत्व 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोनगयों को अनुसंधान ररपोटा के प्रकाशन के समय या सावाजननक रूप से उपनस्थत होने के समय कोई अन्य भौनतक संघषा नहीं है|
DISCLOSURE IN TERMS OF COMPENSATION ( क्षनतपूर्तत के संदभा में प्रकटीकरण):
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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड की पॉनलसी अपने नवश्लेषकों, पेशेवरों को नवश्लेषक के क्षेत्र में ककसी भी कंपनी की प्रनतभूनतयों के स्वामी से नवश्लेषकों को ररपोटा करने से रोकती है।
नवश्लेषक क्षनतपूर्तत : नवश्लेषक हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड के वेतन आधाररत स्थायी कमाचारी है |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के मामले में प्रकटीकरण ) :
(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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नपिले 12 महीनों में नवषय कंपनी से कोई मुआवजा प्राप्त नहीं ककया 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 ररपोटा के नवतरण की नतनथ से पूवा बारह महीनों के दौरान नवषय कंपनी अब या कभी भी ग्राहक नहीं रही 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नवषय कंपनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम
Disclaimer

Equity Research Report 27 August 2018 Ways2Capital

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Equity Research Report 27 August 2018 Ways2Capital

Similar to Equity Research Report 27 August 2018 Ways2Capital (13)

More from Ways2Capital | Investment Advisor

More from Ways2Capital | Investment Advisor (20)

Recently uploaded

Recently uploaded (20)

Equity Research Report 27 August 2018 Ways2Capital