Sie sind auf Seite 1von 13

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

Market Wrap-Up

MCX Market Wrap-Up


% Change in
Previous % Change in % Change
Commodity Contract Open High Low Close Open Inter-
Close Price in Volume
est
Aluminium 31-May-18 158.65 159.50 161.55 152.85 153.55 -3.21% -21.63% -26.00%
Copper 29-Jun-18 457.45 458.60 466.70 449.30 465.00 1.65% 41.89% 7.35%
Crude Oil 21-May-18 4668 4680 4842 4560 4793 2.68% -17.30% -27.49%
Gold 05-Jun-18 31114 31150 31570 31078 31518 1.30% 8.46% 12.05%
Lead 31-May-18 155.55 156.30 158.80 153.95 158.60 1.96% 43.38% 0.82%
Natural Gas 25-May-18 182.30 183.50 190.80 181.80 189.80 4.11% 16.33% 3.26%
Nickel 31-May-18 934.10 932.50 949.90 921.80 947.50 1.43% -0.42% -21.19%
Silver 05-Jul-18 39094 39866 40710 39530 40541 3.70% 3.74% 19.03%

Zinc 31-May-18 205.35 206.00 209.90 204.65 208.20 1.39% 20.78% -39.37%

NCDEX Market Wrap-Up


Previous % Change % Change in % Change in
Commodity Contract Open High Low Close
Close in Price Open Interest Volume

Castor Seed 20-Jun-18 3941 3960 4128 3960 4089 3.76% 9.87% -53.07%

Chana 20-Jun-18 3573 3580 3628 3540 3573 0.00% 1.48% -1.95%

Dhaniya 20-Jun-18 4746 4750 4920 4712 4819 1.54% -88.63% 12.61%

Cottonseed Oil
20-Jun-18 1259.00 1265.00 1347.50 1254.00 1296.50 2.98% -14.57% -27.42%
Cake

Guargum5 20-Jun-18 8309 8332 8510 8255 8424 1.38% -7.57% -64.51%

Guarseed10 20-Jun-18 3792.00 3810.00 3868.00 3763.50 3827.50 0.94% -22.35% -52.98%

Jeera 20-Jun-18 15555 15585 16155 15480 15895 2.19% -13.06% -12.21%

RMseed 20-Jun-18 3879 3899 3948 3863 3919 1.03% -1.05% -53.44%

Ref Soya Oil 20-Jun-18 762.45 766.00 781.00 762.70 770.50 1.06% -1.59% -41.46%

Soyabean 20-Jun-18 3720 3718 3796 3685 3734 0.38% -10.16% 31.32%

Turmeric 20-Jun-18 7620 7718 7770 7340 7400 -2.89% -0.21% -59.46%

Mentha Oil 31-May-18 1300.30 1309.00 1405.00 1309.00 1333.20 2.53% 7.43% 1.47%

Currency Market Wrap-Up


Previous Change in
Currency Pair Contract Open High Low Close
Close Price (in%)
USDINR 29-May-18 67.0675 67.1925 67.6250 66.9500 67.4400 0.56%
GBPINR 29-May-18 91.0550 90.9625 91.7900 90.8100 91.5850 0.58%
JPYINR 29-May-18 61.6000 61.5375 61.8875 61.3200 61.7525 0.25%
EURINR 29-May-18 80.3850 80.4175 80.6425 79.8725 80.5775 0.24%

Continued…….
2 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018
Market Wrap-Up

International Market Wrap-up


Previous
Commodity Exchange Open High Low Close % Change in Price
Close
Aluminium LME 2345.75 2345.00 2374.25 2265.00 2272.50 -3.12%

Copper COMEX 3.066 3.083 3.126 3.014 3.111 1.47%

Crude Oil NYMEX 69.72 69.78 71.88 67.64 70.52 1.15%

Gold COMEX 1312.70 1316.00 1326.30 1304.40 1318.20 0.42%

Lead LME 2314.50 2320.50 2358.25 2282.00 2348.50 1.47%

Natural Gas NYMEX 2.711 2.715 2.820 2.696 2.817 3.91%

Nickel LME 13967.50 13945.00 14127.50 13745.00 14042.50 0.54%

Silver COMEX 16.434 16.560 16.865 16.335 16.680 1.50%

Zinc LME 3061.25 3079.75 3117.00 3046.50 3087.50 0.86%

3 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018


Inventory Updates

LME Inventory
Closing In Tonnes Closing In Tonnes
Commodity % Change in Price
(As on 11th May 2018) (As on 04th May 2018)
Copper 285075 316400 -9.90%

Nickel 312645 315696 -0.97%

Lead 131800 131650 0.11%

Zinc 234700 236775 -0.88%

Aluminium 1265175 1319300 -4.10%

Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018
Inventory Updates

5 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018


Market Next Week
Economic Events Calendar
Time Curreny Event Forecast Previous
Tuesday, May 15, 2018
7:30 CNY Fixed Asset Investment (YoY) (Apr) 7.40% 7.50%
7:30 CNY Industrial Production (YoY) (Apr) 6.40% 6.00%
14:00 GBP Average Earnings Index +Bonus (Mar) 0.027 0.028
14:00 GBP Claimant Count Change (Apr) 13.3K 11.6K
14:00 GBP Employment Change 3M/3M (MoM) 129.0K 55.0K
14:00 GBP Unemployment Rate (Mar) 0.042 0.042
14:30 GBP Inflation Report Hearings
17:30 USD FOMC Member Kaplan Speaks
18:00 USD Core Retail Sales (MoM) (Apr) 0.50% 0.20%
18:00 USD Retail Sales (MoM) (Apr) 0.40% 0.60%
19:30 USD Business Inventories (MoM) (Mar) 0.20% 0.60%
22:30 USD FOMC Member Williams Speaks
Wednesday, May 16, 2018
1:30 USD TIC Net Long-Term Transactions (Mar) 52.0B 49.0B
2:00 USD API Weekly Crude Oil Stock -1.850M
13:30 USD IEA Monthly Report
18:00 USD Building Permits (MoM) (Apr) 0.044
18:00 USD Housing Starts (MoM) (Apr) -0.011 0.019
18:00 USD Housing Starts (Apr) 1.324M 1.319M
18:45 USD Industrial Production (YoY) 0.043
18:45 USD Industrial Production (MoM) (Apr) 0.005 0.005
20:00 USD Crude Oil Inventories -0.719M -2.197M
Thursday, May 17, 2018
18:00 USD Initial Jobless Claims 219K 211K
18:00 USD Philadelphia Fed Manufacturing Index (May) 21 23.2
18:00 USD Philly Fed Employment (May) 27.1
21:30 GBP BoE MPC Member Haldane Speaks
23:00 USD FOMC Member Kaplan Speaks
Friday, May 18, 2018
18:45 USD FOMC Member Brainard Speaks
18:45 USD FOMC Member Kaplan Speaks
Currency Weekly Pivots
Currency Pair Contract R3 R2 R1 PP S1 S2 S3
USDINR 29-May-18 68.7000 68.0500 67.7500 67.3500 67.1000 66.7000 66.0000

GBPINR 29-May-18 93.3500 92.4000 92.0000 91.4000 91.0000 90.4000 89.4500

JPYINR 29-May-18 62.8000 62.2000 62.0000 61.6500 61.4000 61.1000 60.5000

EURINR 29-May-18 81.9000 81.1000 80.8500 80.3500 80.0500 79.6000 78.8000


Continued…….
6 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018
Market Next Week

MCX Weekly Pivots


Commodity Contract R3 R2 R1 PP S1 S2 S3

Aluminium 31-May-18 173.40 164.70 159.15 156.00 150.45 147.30 138.60

Copper 29-Jun-18 495.15 477.75 471.4 460.35 454 442.95 425.55

Crude Oil 21-May-18 5296 5014 4903 4732 4621 4450 4168

Gold 05-Jun-18 32373 31881 31699 31389 31207 30897 30405

Lead 31-May-18 166.80 161.95 160.25 157.10 155.40 152.25 147.40

Natural Gas 25-May-18 205.45 196.45 193.10 187.45 184.10 178.45 169.45

Nickel 31-May-18 996 968 958 940 930 912 884

Silver 04-May-18 42620 41440 40991 40260 39811 39080 37900

Zinc 31-May-18 218.10 212.85 210.55 207.60 205.30 202.35 197.10

NCDEX Weekly Pivots


Commodity Contract R3 R2 R1 PP S1 S2 S3

Castor Seed 18-May-18 4345 4136 4012 3927 3803 3718 3509

Chana 18-May-18 3805 3671 3615 3537 3481 3403 3269

Dhaniya 18-May-18 5156 4941 4812 4726 4597 4511 4296

Cottonseed Oil Cake 18-May-18 1487 1365 1320 1243 1198 1121 999

Guargum5 18-May-18 9646 8976 8583 8306 7913 7636 6966

Guarseed10 18-May-18 4297 4034 3883 3771 3620 3508 3245

Jeera 18-May-18 16627 16172 15908 15717 15453 15262 14807

RMseed 18-May-18 4033 3917 3876 3801 3760 3685 3569

Ref Soya Oil 18-May-18 795 776 767 756 748 737 718

Soyabean 18-May-18 3841 3748 3702 3655 3609 3562 3469

Turmeric 18-May-18 8512 7936 7744 7360 7168 6784 6208

Mentha Oil 31-May-18 1380 1336 1318 1292 1274 1248 1204

7 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018


MCX Fundamentals

BULLION

Gold prices managed to recover back from initial setbacks and settled near week
high. Traders turned back their attention and rushed for buying as prices ap-
proached near key support level of Rs.30850.whereas a trigger above the same
could lead them towards previous swing high of Rs.31620. On technical parameter
RSI is inching higher on daily time frame that is seen supportive for prices. On the
lower side Rs.31000 would be initial available support for the prices whereas
Rs.30850 can be seen as a key base in near term. Looking at the chart structure we
advise to buy gold on dips while considering mentioned levels.

BASE METALS

The London Metal Exchange three-month copper and aluminium price were down
(-0.2%) and (-0.4%) respectively while the rest of its peers managed to eke out
gains. At the time of writing LME lead outperformed with a strong gain of (+0.7%)
followed by tin with (+0.3%) while nickel and zinc were almost unchanged.But with
a total trading volume at 3,729 lots below the weekly average of 5,540 lots this
suggests a very quiet market as metals prices consolidates ahead of the annual
LME Asia Week gathering in Hong Kong.

ENERGY

The energy counter traded with strong bullish sentiments rallying for the fourth
consecutive week in a row. Uptrend on both daily and weekly charts is intact with
fresh buyers entering at every dip. Biassed of the week ahead remains bullish as
prices have given a breakout above Rs.4845/bbl and $71.86/bbl for Nymex
crude.Natural gas futures rose nearly three in American trade to April 27 highs as
the dollar index fell off December 22 highs following earlier data from China the
world's largest energy importer and the US the biggest energy consumer including
the EIA report that showed another inventory build up.

8 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018


NCDEX Fundamentals

SPICES
Jeer failed to sustain higher because of easing buying interest in spot markets.
Good monsoon reports once again capped the upside. Slowing down of new
crop arrivals from Gujarat / Rajasthan are supporting market sentiments.
Rmseed Weekend profit taking kept the trend down and no bearish news was
reported. Rising demand on export and domestic front will support prices in
coming weeks. Normal Monsoon reports are likely to remain favourable for
the crop sowing from June and that could limit the up trend.

OILSEEDS
Mentha oil ended at 4% lower circuit as sellers participation improved. Rising de-
mand on the export front amidst low arrivals had supported the market of late.The
arrivals of the new crop in coming weeks could limit the uptrend. However supplies
will start improving June onwards therefore futures are unlikely to sustain above
1400 mark as of now.
It may be noted that the report was neutral to slightly bearish for soya oil. Soya oil
is a strong competitor of palm oil and both bear a strong positive correlation with
each other.In the current week palm oil outlook shall depend on production and
export prospects which will be crucial in guiding soya oil prices to a great extent.

GUAR COMPLEX

Markets looks weak as of now as pre-monsoon showers in many parts of In-


dia continues putting pressure over trader’s mindset. However near term
support will be seen from positive trend in crude oil prices and firmness in
Dollar vs Rupee. Guar failed to sustain above 3840 for yet another session.

OTHERS

Futures traded with positive tone yesterday but failed to hold higher amid
limited spot buying interest ( against rising prices). The long term fundamen-
tals for RM seed are most likely to support prices after every moderate dip in
coming weeks.Cotton showed sideways to negative trend amid lack of bullish
cues from overseas markets. The May contract will difficult to sustain above
major resistance of 21000 in coming week. Fall in International markets are
likely to pressurize prices in the short term.

9 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018


Calls of the Week (MCX)

GOLD

From last couple of trading weeks Gold market trading in range between the 31500 - 31000. Last week Gold started
the week on positive note and contiune the same for the entire week. It closed at 31518 with the overall gain of 1.30%
on weekly basis. Technically for this week, we can expect further upside movement in it from the lower levels due to
formation of bullish candlestick pattern on daily chart.

WEEKLY STRATEGY

PERTICULAR DETAILS

Action Buy

Entry Range Above 31620

Target 31770

SL 31565.

NATURAL GAS

Last week Natural Gas started the week on negative note but found enough support of 180 and bounce back from
lower level, we saw slight short covering in it from the lower levels. It closed at 189.80 with the overall loss of 4.11% on
weekly basis. Technically for this week, we can expect that market can contuine its rally to the level of 200.
For this week, if Natural Gas breaks the level of 191 then it can test the level of 205 during the week. One can make
buy position in it by maintaining a SL 18

WEEKLY STRATEGY

PERTICULAR DETAILS

Action Buy

Entry Range Above 191.00

Target 201.00

SL 186.00

10 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018


Calls of the Week (NCDEX)
RAMSEED
Futures traded with positive tone yesterday but failed to hold higher amid limited spot buying interest ( against rising
prices). The long term fundamentals for RM seed are most likely to support prices after every moderate dip in coming
weeks. Moving forward we expect the downtrend to be limited with summer season demand likely to rise in coming
weeks For this session June RM seed will trade with upward bias as long as stays comfortably above 3900. With prices
still running lower, prevailing optimistic views regarding government not to allow prices to fall below the MSP level (for
a longer duration) will be seen as a limiting factor for the downward trend.

WEEKLY STRATEGY

PERTICULAR DETAILS

Action Buy

Entry Range Above 3930

Target 4060

SL 3859

SOYABEAN

For the current session June soybean is likely to trade with a negative note and may find comfortable in sustaining near
the level of 3700. On the other hand strong resistance will be seen around 3800. In coming week futures can show nega-
tive trend. Below the level of 3700 we can see next support level near the level of 3550 and then 3500. One can make
sell position with stop loss of 3758.

WEEKLY STRATEGY

PERTICULAR DETAILS

Action Sell

Entry Range Below 3700

Target 3560

SL 3758

11 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018


Calls of the Week (FOREX)
USDINR

Last week JPYINR May Futures started the week on negative note but till the end of the week, all of its earlier losses
were erased and it closed at 61.7525 with the overall gain of 0.25% on weekly basis. Technically its sustaining above
the trend line breakout with the positive RSI and Moving Averages and for this week, we can expect good upside
movement in it.

WEEKLY STRATEGY

PERTICULAR DETAILS

Action BUy

Entry Range Above 67.6400

Target 68.0000

SL 67.3400

JPYINR

Last week JPYINR May Futures started the week on negative note but till the end of the week, all of its earlier losses
were erased and it closed at 61.7525 with the overall gain of 0.25% on weekly basis. Technically its sustaining above
the trend line breakout with the positive RSI and Moving Averages and for this week, we can expect good upside
movement in it.

WEEKLY STRATEGY

PERTICULAR DETAILS

Action Buy

Entry Range Above 61.8000

Target 62.3000

SL 61.5000

12 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018


Disclaimer
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 assessment 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 माके ट अनुसध
ं ान ननवेश सलाहकार प्राइवेट नलनमटेड का एक भाग) द्वारा तैयार ककया गया है | यहां पर दी गई जानकारी, नवश्लेषण और अनुमान Ways2Capital इकिटी / कमोनडटी अनुसध
ं ान के मूलयांकन पर आधाररत हैं और
नवश्वसनीय स्रोतों से प्राप्त की गई है | यह दस्तावेज़ के वल 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 informa-
tion, errors or omissions in this connection. 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 ac-
cept 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 अनुसध
ं ान 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, कं पनी 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 स्वीकृ नत।

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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी कं पननयां अनुसंधान ररपोटा में शानमल कं पननयों 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 कं पनी 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.
ग्राहकों को यह सलाह दी जाती है कक वे ररपोटा में दी गई जानकारी को के वल 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 द्वाराकं पनी 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 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.
ररपोटा नवश्लेषकों द्वारा तैयार की गयी है जो द्वारा हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड द्वारा ननयुक्त हैं | इस ररपोटा में व्यक्त सभी नवचार कं पनी के बारे में व्यनक्तगत नवचारों को दशााता है और कं पननयों 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कं पनी में कोई नवत्तीय रुनच नहीं है और न ही इस तरह की नवत्तीय नहत की प्रकृ नत 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,
(ब) हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कं पनी की प्रनतभूनतयों में एक प्रनतशत या उससे अनधक के वास्तनवक / िंायदेमंद स्वानमत्व नहीं 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 माके ट 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड की पॉनलसी अपने नवश्लेषकों, पेशेवरों को नवश्लेषक के क्षेत्र में ककसी भी कं पनी की प्रनतभूनतयों के स्वामी से नवश्लेषकों को ररपोटा करने से रोकती है।
नवश्लेषक क्षनतपूर्तत : नवश्लेषक हाई ब्रो माके ट 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नपिले 12 महीनों में नवषय कं पनी 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 कं पनी 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 कं पनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम

13 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018