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 Market Wrap–Up

MAJOR INDICES CURRENCY MARKET UPDATE

CLOSING AS ON WEEKLY CURRENT PREVIOUS WEEKLY
INDEX WEEKLY CHANGES CURRENCY PAIR
14th SEPT 18 % CHANGE CLOSING CLOSING % CHANGE
Nifty 11515.20 -21.70 -0.19% USDINR 71.9500 71.8575 0.13%
Nifty 100 11791.70 -23.70 -0.20% GBPINR 94.4475 93.4700 1.05%
Nifty 200 6123.80 -8.50 -0.14% EURINR 84.2425 83.5800 0.79%
Nifty 500 9792.75 -22.70 -0.23% JPYINR 64.3700 64.8575 -0.75%
Nifty VIX 13.84 0.12 0.87% EURUSD 1.1679 1.1594 0.73%
Nifty Bank 27163.85 -304.85 -1.11% GBPUSD 1.3104 1.2967 1.06%
Nifty Auto 10826.70 28.15 0.26% Dollar Index 94.97 95.33 -0.38%
Nifty Finance 11414.70 -87.10 -0.76% COMMODITY MARKET UPDATE
Nifty FMCG 30987.60 -169.65 -0.54% CURRENT PREVIOUS WEEKLY
COMMODITY
CLOSING CLOSING % CHANGE
Nifty IT 16072.50 -9.15 -0.06%
Gold COMEX 1198.30 1193.60 0.39%
Nifty Media 2710.20 14.40 0.53% Gold MCX 30436 30494 -0.19%
Nifty Metal 3713.70 81.50 2.24% Crude Oil NYMEX 69.00 67.75 1.85%
Nifty Pharma 10652.85 69.70 0.66% Crude Oil MCX 4950 4883 1.37%
Nifty PSU Banks 3096.20 -66.50 -2.10% Brent Oil NYMEX 78.11 76.83 1.67%
Nifty PVT Bank 15448.25 -170.05 -1.08% Copper MCX 423.95 422.60 0.32%
Nifty Realty 266.15 -0.30 -0.11% Natural Gas NYMEX 2.766 2.776 -0.36%

2 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 Market at a Glance

WEEKLY GAINERS
CLOSING WEEKLY 52 WEEK
SCRIP
PRICE % CHANGE HIGH

Lupin 966.40 5.12% 1090.00

UPL Ltd. 734.85 4.28% 848.70

Hindalco 245.50 4.25% 283.95

NTPC Ltd. 175.00 3.80% 187.95

Bajaj Auto 2878.15 3.41% 3472.60

WEEKLY LOSERS
CLOSING WEEKLY 52 WEEK
SCRIP
PRICE % CHANGE LOW

Yes Bank 323.10 -4.69% 285.10

Titan 842.20 -2.80% 563.60

SBIN 290.40 -2.11% 232.00

Coal India 277.30 -2.08% 248.20

Kotak Bank 1238.85 -1.71% 968.25

3 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 Economic Calendar
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS

Wednesday, September 19, 2018

14:00 GBP CPI (YoY) (Aug) 2.40% 2.50%
18:00 USD Building Permits (Aug) 1.310M 1.303M
20:00 USD Crude Oil Inventories -0.805M -5.296M
Thursday, September 20, 2018
All Day INR India - Moharram Holiday
14:00 GBP Retail Sales (MoM) (Aug) -0.20% 0.70%
18:00 USD Philadelphia Fed Manufacturing Index (Sep) 16.5 11.9
18:00 USD Building Permits (MoM) (Aug) - 1.50%
18:00 USD Current Account (Q2) -103.5B -124.1B
18:00 USD Housing Starts (MoM) (Aug) - 0.90%
18:00 USD Housing Starts (Aug) 1.230M 1.168M
19:30 USD Existing Home Sales (Aug) 5.36M 5.34M
Friday, September 21, 2018
19:15 USD Manufacturing PMI (Sep) 55 54.7
19:15 USD Markit Composite PMI - 54.7
19:15 USD Services PMI (Sep) 55 54.8

4 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

ADANIPORTS 445.55 422.65 399.75 390.70 376.85 367.80 353.95 331.05 308.15
ASIANPAINT 1485.85 1429.30 1372.75 1352.40 1316.18 1295.80 1259.60 1203.05 1146.50
AXISBANK 791.80 743.95 696.10 666.40 648.23 618.50 600.35 552.50 504.65
BAJAJ-AUTO 3291.00 3153.50 3016.00 2945.50 2878.48 2807.95 2740.95 2603.45 2465.95
BAJAJFINSV 8249.70 7702.70 7155.70 6965.35 6608.67 6418.30 6061.65 5514.65 4967.65
BAJFINANCE 3309.75 3087.85 2865.95 2772.00 2644.03 2550.05 2422.10 2200.20 1978.30
BHARTIARTL 461.95 436.25 410.55 397.90 384.85 372.20 359.15 333.45 307.75
BPCL 443.95 411.15 378.35 366.80 345.52 333.95 312.70 279.90 247.10
CIPLA 766.00 731.25 696.50 680.25 661.75 645.50 627.00 592.25 557.50
COALINDIA 317.15 304.95 292.75 285.25 280.52 273.00 268.30 256.10 243.90
DRREDDY 3093.05 2920.85 2748.65 2665.25 2576.42 2493.00 2404.20 2232.00 2059.80
EICHERMOT 33337.85 31863.55 30389.25 29879.15 28914.92 28404.80 27440.60 25966.30 24492.00
GAIL 415.55 401.40 387.25 378.40 373.10 364.25 358.95 344.80 330.65
GRASIM 1259.40 1186.65 1113.90 1088.45 1041.12 1015.65 968.35 895.60 822.85
HCLTECH 1179.60 1145.80 1112.00 1091.15 1078.17 1057.30 1044.35 1010.55 976.75
HDFC 2119.05 2046.65 1974.25 1947.15 1901.83 1874.70 1829.40 1757.00 1684.60

Continued .......

5 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

HDFCBANK 2220.45 2155.00 2089.55 2058.65 2024.10 1993.20 1958.65 1893.20 1827.75
HEROMOTOCO 3892.45 3665.35 3438.25 3314.50 3211.12 3087.35 2984.00 2756.90 2529.80
HINDALCO 305.05 283.60 262.15 253.75 240.67 232.25 219.20 197.75 176.30
HINDPETRO 310.10 289.15 268.20 261.05 247.23 240.05 226.25 205.30 184.35
HINDUNILVR 1837.35 1764.40 1691.45 1660.95 1618.50 1588.00 1545.55 1472.60 1399.65
IBULHSGFIN 1532.20 1419.45 1306.70 1265.85 1193.92 1153.05 1081.15 968.40 855.65
ICICIBANK 382.65 364.45 346.25 337.60 328.03 319.35 309.80 291.60 273.40
INDUSINDBK 2080.10 2003.10 1926.10 1893.35 1849.07 1816.30 1772.05 1695.05 1618.05
INFRATEL 319.75 304.05 288.35 281.95 272.62 266.20 256.90 241.20 225.50
INFY 790.90 772.95 755.00 745.00 737.02 727.00 719.05 701.10 683.15
IOC 183.70 173.25 162.80 159.15 152.35 148.70 141.90 131.45 121.00
ITC 350.45 335.10 319.75 313.35 304.37 297.95 289.00 273.65 258.30
KOTAKBANK 1361.65 1317.00 1272.35 1255.40 1227.68 1210.70 1183.00 1138.35 1093.70
LT 1488.30 1441.60 1394.90 1375.90 1348.18 1329.15 1301.45 1254.75 1208.05
LUPIN 1150.05 1085.95 1021.85 993.45 957.72 929.30 893.60 829.50 765.40
M&M 1137.65 1073.90 1010.15 980.35 946.37 916.55 882.60 818.85 755.10
Continued .......
6 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018
 Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
MARUTI 9630.75 9281.75 8932.75 8766.45 8583.72 8417.40 8234.70 7885.70 7536.70
NTPC 197.05 188.80 180.55 177.75 172.30 169.50 164.05 155.80 147.55
ONGC 192.15 185.05 177.95 175.50 170.83 168.35 163.70 156.60 149.50
POWERGRID 243.30 227.55 211.80 205.90 196.05 190.15 180.30 164.55 148.80
RELIANCE 1397.25 1349.10 1300.95 1276.75 1252.80 1228.60 1204.65 1156.50 1108.35
SBIN 327.75 314.50 301.25 295.95 287.97 282.65 274.70 261.45 248.20
SUNPHARMA 803.95 753.15 702.35 682.95 651.52 632.10 600.70 549.90 499.10
TATAMOTORS 338.45 315.30 292.15 279.15 268.98 255.95 245.80 222.65 199.50
TATASTEEL 733.05 691.15 649.25 631.60 607.35 589.70 565.45 523.55 481.65
TCS 2285.25 2210.00 2134.75 2100.85 2059.50 2025.60 1984.25 1909.00 1833.75
TECHM 917.55 862.50 807.45 783.25 752.38 728.15 697.30 642.25 587.20
TITAN 1067.20 989.35 911.50 877.10 833.62 799.20 755.75 677.90 600.05
ULTRACEMCO 4777.35 4573.35 4369.35 4274.70 4165.33 4070.65 3961.30 3757.30 3553.30
UPL 895.40 836.60 777.80 757.90 719.00 699.10 660.20 601.40 542.60
VEDL 285.20 266.75 248.30 241.65 229.82 223.15 211.35 192.90 174.45
WIPRO 359.30 349.45 339.60 336.30 329.72 326.40 319.85 310.00 300.15
YESBANK 375.55 357.25 338.95 330.70 320.63 312.35 302.30 284.00 265.70
ZEEL 543.40 518.50 493.60 482.30 468.70 457.40 443.80 418.90 394.00

7 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 Open Interest & Price Analysis

LONG BUILD-UP SHORT COVERING NIFTY OPTIONS OPEN INTEREST ANALYSIS

CHANGE IN PRICE CHANGE CHANGE IN PRICE CHANGE

SCRIP SCRIP
OI (In %) (In %) OI (In %) (In %)

BALRAMCHIN 70.75% 14.19% ANDHRABANK -12.43% 2.40%

MFSL 23.51% 3.14% HEXAWARE -11.47% 5.98%

ENGINERSIN 13.20% 5.65% - - -

PVR 11.09% 1.32% - - -

- - - - - -

SHORT BUILD-UP LONG UNWINDING

CHANGE IN PRICE CHANGE CHANGE IN PRICE CHANGE
SCRIP SCRIP
OI (In %) (In %) OI (In %) (In %)

GODREJCP 62.58% -35.87% NIITTECH -18.55% -1.89%

ADANIENT 59.16% -4.42% KSCL -14.92% -1.47%

Analysis : As per the analysis of above chart.
MANAPPURAM 25.91% -8.28% MINDTREE -10.80% -1.34%
Major Resistance Level: 11800
MRPL 23.18% -5.04% - - - Major Support Levels: 11400
JUBLFOOD 18.05% -5.29% - - -

8 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 Nifty Analysis

NIFTY WEEKLY PIVOTS

Fundamental Outlook
PARTICULAR LEVEL
After two continues worst day in Indian market, Last couple of good sessions inspired a nice recovery to recoup early loss. But
Nifty drops lower for second consecutive week in Fears of US-China trade war continue to weigh on markets. Rupee marks R4 12385.25

fresh record lows, hit by weak EM currencies, oil price hikes , India’s July industrial production growth drops to 6.6% (6.9% in
R3 12083.90
June). Friday's session was somewhat encouraging for market as rupee surged by another 34 paisa to close at a one-week high
of 71.84 against the US dollar on positive macro data and hopes of policy intervention by the government to defend the volatile
R2 11782.55
currency. A combination of positive macro-related developments after the country's industrial production grew at 6.6 percent
in July and retail inflation cooled to a 10-month low of 3.69 percent in August, strengthened the rupee sentiment. Nifty’s swift R1 11664.95
recovery from 50-day EMA ensures immediate floor near 11,250. But, fortunately, the end was good for the week after USD/
INR cooling off a bit and hence, Nifty managed to recoup some losses to close Above the 11500 mark. PP 11481.20

S1 11363.60

Technical Outlook
S2 11179.85
The Nifty futures started the last week on positive note on Monday and traded with positive movement, but index changed its
direction on Tuesday as it lost more than 120 points for next two continues days. Last two sessions was good for index as it S3 10878.50

managed to recover most of the losses to give closing with 21 points loss on weekly basis.
S4 10577.15

Continued …....

9 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 Nifty Analysis
The index held on to its crucial support placed at 11,460 levels and closed sharply higher, forming bullish candle on the daily
candlestick charts and 'Hammer' pattern on the weekly charts. Now it has to hold above 11,500 levels to extend it gains to- WEEKLY STRATEGY
wards 11,620 then 11,680 while on the downside medium term support is seen at 11,466 followed by 11,415 levels. On PARTICULAR DETAILS
option front, maximum Put open interest is at 11,400 followed by 11,000 strike while maximum Call is at 11,800 then 11,600
ACTION BUY
strikes.
ENTRY PRICE ABOVE 11560

TARGET 11670

STOP LOSS 11460

TECHNICAL INDICATOR
ANALYSIS
CURRENT
INDICATOR
TREND
20 Days EMA POSITIVE

50 Days EMA POSITIVE

200 Days EMA POSITIVE

RSI POSITIVE

MACD POSITIVE
For this week, traders can adopt buy on lower level strategy in it and above the level of 11560. It can test the level of Rs.
STOCHASTIC POSITIVE
11670 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 11460.
Continued …....

10 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 Bank Nifty Analysis
Technical Outlook WEEKLY STRATEGY
The Nifty Bank index started the last week on negative note and traded with bearish movement for most of the week bear- PARTICULAR DETAILS
ing last trading session where it showed some positivity. But still due to heavy losses in first couple of the days index gave
ACTION BUY
closing on negative note on weekly basis with loss of 304 points. Going ahead, index has formed Dragon fly Doji candlestick
ENTRY PRICE ABOVE 27300
bullish reversal pattern on lower levels and if index manages to give closing above the levels of 27300 then it can show fur-
ther upside movement and can test levels of 27500. On down side it has a major support of 27000 and violation of this lev- TARGET 27500

els could led further selling in the index. STOP LOSS 27150

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 29424.80

R3 28636.45

R2 27848.10

R1 27413.45

PP 27059.75

S1 26625.10
For this week, traders can adopt buy on lower level strategy in it and above the level of 27300. It can test the level of Rs. S2 26271.40
27500 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 27150. S3 25483.05
. S4 24694.70

11 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 JSW STEEL Cash( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Overall trend of the Stock is bullish for long term . For short-medium term stock is in some consolidation phase. Last week
PARTICULAR DETAILS
stock started on negative note but soon stock started buying from lower levels. Stock has gave breakout of its major resis-
tance levels on daily chart and trading above this levels . It can show good positive move in coming weeks if it manages to ACTION BUY

trade above 416 levels. ENTRY PRICE ABOVE 416

TARGET 428.00

STOP LOSS 407.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 484.40
R3 457.50
R2 430.60
R1 419.35
PP 403.7
S1 392.45
S2 376.80
For this week, traders can adopt buy on lower level strategy in it and above the level of 416 it can test the level of Rs. 428 S3 349.90
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 407.
S4 323.00

12 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 INFIBEAM Cash ( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Overall trend of the Stock is bullish for long term . For short-medium term stock is in bullish phase . Last week stock PARTICULAR DETAILS
started on negative note but soon stock started buying from lower levels. On daily chart it has formed flag price pattern
ACTION BUY
on higher levels with good consolidation. If it manages to trade above 238.60 levels than good up side move can be seen
in it. In intraday it showed a good positive move ENTRY PRICE ABOVE 238.60

TARGET 248.00

STOP LOSS 233.60

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 269.60
R3 256.85

R2 244.10

R1 239.50

PP 231.35

S1 226.75

S2 218.60
For this week, traders can adopt buy on lower level strategy in it and above the level of 238.60 it can test the level of Rs. S3 205.85
248 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 233.60
S4 193.10

13 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 KSCL FUTURES( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, KSCL sept Futures started the week with consolidation and given the down side movement at the end of the
PARTICULAR DETAILS
week. It made a high of 650.50 during the week and closed at 635.15 with the overall loss of 0.80% on weekly basis. Tech-
nically it’s recovering from the Support levels and made a Hammer pattern. For this week, we can expect up side move in ACTION BUY

it. ENTRY PRICE ABOVE 644

TARGET 654

STOP LOSS 638

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 768.30

R3 722.20

R2 676.10

R1 655.60

PP 630.00

S1 609.50
For this week, traders can adopt buy on consolidation levels breakout strategy in it and above the level of 644 it can test S2 583.90
the level of 654 during the week. Trades can make buy position in it by maintaining a Stop Loss of 638.
S3 537.80

S4 491.70

14 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 INDUSIND FUTURES ( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, INDUSINDBK Sep Futures started the week with down side movement and given reversal from lower level. It
PARTICULAR DETAILS
made a high of 1880.70 during the week and closed at 1871.70 with the overall gain of 1.10% on weekly basis. Technically
it made a Dragonfly Doji pattern and giving trendline breakout from lower levels. For this week, we can expect up side pull ACTION BUY

back in it. ENTRY PRICE BELOW 1881.00

TARGET 1921.00

STOP LOSS 1859.00

WEEKLY PIVOTS
PARTICULAR LEVEL
R4 2052.80

R3 1987.15

R2 1921.50

R1 1896.65

PP 1855.85

S1 1831.00

For this week, traders can adopt buy on trendline breakout strategy in it and above the level of 1881 it can test the level S2 1790.20

of 1921 during the week. Trades can make buy position in it by maintaining a Stop Loss of 1859. S3 1724.55

S4 1658.90

15 Copyright © 2018 Ways2Capital. All rights reserved 18/09/2018

 Disclaimer

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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.

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.

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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 क्षनतपू र्तत (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|
(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 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 / िंायदेमदं 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 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 नलनमटे ड या उसके सहयोगीयों ने नवषय कं पनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम

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