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
 Market Wrap–Up

MAJOR INDICES CURRENCY MARKET UPDATE

CLOSING WEEKLY CURRENT PREVIOUS WEEKLY
INDEX WEEKLY CHANGES CURRENCY PAIR
AS ON 2ND NOV 18 % CHANGE CLOSING CLOSING % CHANGE
Nifty 10553.00 523.00 5.21% USDINR 72.6450 73.3975 -1.03%
Nifty 100 10782.30 557.00 5.45% GBPINR 94.7200 93.8950 0.88%
Nifty 200 5588.75 299.25 5.66% EURINR 83.3475 83.3000 0.06%
Nifty 500 8899.40 482.15 5.73% JPYINR 64.4750 65.5600 -1.65%
India VIX 18.23 -1.00 -5.20% EURUSD 1.1439 1.1361 0.69%
Nifty Bank 25701.65 1280.60 5.24% GBPUSD 1.3002 1.2810 1.50%
Nifty Auto 9180.20 602.15 7.02% Dollar Index 96.34 96.13 0.22%
Nifty Finance 10864.95 604.85 5.90% COMMODITY MARKET UPDATE
Nifty FMCG 28836.80 823.25 2.94% CURRENT PREVIOUS WEEKLY
COMMODITY
CLOSING CLOSING % CHANGE
Nifty IT 14396.70 598.10 4.33%
Gold COMEX 1230.90 1232.50 -0.13%
Nifty Media 2475.85 116.75 4.95% Gold MCX 31750 31937 -0.59%
Nifty Metal 3439.25 155.35 4.73% Crude Oil NYMEX 63.14 67.59 -6.58%
Nifty Pharma 9547.85 432.75 4.75% Crude Oil MCX 4609 4951 -6.91%
Nifty PSU Banks 2923.15 350.30 13.62% Brent Oil NYMEX 72.83 77.62 -6.17%
Nifty PVT Bank 14552.65 767.60 5.57% Copper MCX 451.25 444.70 1.47%
Nifty Realty 221.30 15.90 7.74% Natural Gas NYMEX 3.284 3.185 3.11%

2 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 Market at a Glance

WEEKLY GAINERS
CLOSING WEEKLY 52 WEEK
SCRIP
PRICE % CHANGE HIGH

YES BANK 207.90 14.70% 404.00

UPL LTD 715.50 13.14% 830.00

AXIS BANK 626.55 10.72% 676.90

SBI 291.05 8.58% 346.50

GRASIM 844.20 7.94% 1299.90

WEEKLY LOSERS
CLOSING WEEKLY 52 WEEK
SCRIP
PRICE % CHANGE LOW

COAL INDIA 263.25 -8.29% 256.00

DR REDDY
2419.50 -4.55% 1888.00
LABS
NTPC LTD 152.85 -3.96% 149.45

CIPLA 609.85 -3.90% 508.10

WIPRO 320.65 -2.42% 253.50

3 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 Economic Calendar
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Monday, November 5, 2018
15:00 GBP Services PMI (Oct) 53.3 53.9
20:30 USD ISM Non-Manufacturing PMI (Oct) 59.3 61.6
Tuesday, November 6, 2018
20:30 USD JOLTs Job Openings (Sep) 7.100M 7.136M
Wednesday, November 7, 2018
All Day INR India - Diwali - Laxmi Puja Holiday
21:00 USD Crude Oil Inventories - 3.217M
Thursday, November 8, 2018
All Day India - Diwali-Balipratipada Holiday
Friday, November 9, 2018
0:30 USD FOMC Statement - -
0:30 USD Fed Interest Rate Decision 2.25% 2.25%
15:00 GBP GDP (YoY) (Q3) 1.50% 1.20%
15:00 GBP GDP (QoQ) (Q3) 0.60% 0.40%
15:00 GBP GDP (MoM) 0.10% 0.00%
15:00 GBP Manufacturing Production (MoM) (Sep) 0.10% -0.20%
15:00 GBP Monthly GDP 3M/3M Change 0.60% 0.70%

4 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

ADANIPORTS 437.05 399.90 362.75 348.20 325.58 311.00 288.40 251.25 214.10
ASIANPAINT 1586.05 1470.05 1354.05 1300.55 1238.03 1184.50 1122.00 1006.00 890.00
AXISBANK 827.10 747.75 668.40 639.55 589.03 560.15 509.65 430.30 350.95
BAJAJ-AUTO 3287.95 3062.20 2836.45 2747.10 2610.67 2521.30 2384.90 2159.15 1933.40
BAJAJFINSV 6611.80 6229.00 5846.20 5685.75 5463.37 5302.90 5080.55 4697.75 4314.95
BAJFINANCE 2892.40 2724.40 2556.40 2469.85 2388.37 2301.80 2220.35 2052.35 1884.35
BHARTIARTL 382.95 354.05 325.15 313.60 296.25 284.70 267.35 238.45 209.55
BPCL 423.35 379.40 335.45 318.90 291.47 274.90 247.50 203.55 159.60
CIPLA 725.85 689.10 652.35 629.75 615.58 592.95 578.80 542.05 505.30
COALINDIA 360.80 330.50 300.20 280.90 269.88 250.55 239.55 209.25 178.95
DRREDDY 3098.30 2891.85 2685.40 2554.35 2478.93 2347.85 2272.45 2066.00 1859.55
EICHERMOT 29290.15 26910.75 24531.35 23602.75 22151.93 21223.30 19772.50 17393.10 15013.70
GAIL 472.05 435.35 398.65 384.20 361.95 347.50 325.25 288.55 251.85
GRASIM 1122.70 1023.40 924.10 885.85 824.77 786.50 725.45 626.15 526.85
HCLTECH 1343.90 1231.95 1120.00 1062.30 1008.02 950.30 896.05 784.10 672.15
HDFC 2323.00 2139.15 1955.30 1889.85 1771.45 1706.00 1587.60 1403.75 1219.90

Continued .......

5 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

HDFCBANK 2173.00 2093.05 2013.10 1981.30 1933.13 1901.30 1853.15 1773.20 1693.25
HEROMOTOCO 3543.70 3311.85 3080.00 2988.30 2848.15 2756.45 2616.30 2384.45 2152.60
HINDALCO 319.30 290.80 262.30 251.40 233.78 222.85 205.25 176.75 148.25
HINDPETRO 314.15 287.60 261.05 250.65 234.48 224.05 207.90 181.35 154.80
HINDUNILVR 1981.50 1855.30 1729.10 1683.80 1602.88 1557.55 1476.65 1350.45 1224.25
IBULHSGFIN 1370.05 1185.15 1000.25 935.60 815.33 750.65 630.40 445.50 260.60
ICICIBANK 437.55 407.40 377.25 365.85 347.07 335.65 316.90 286.75 256.60
INDUSINDBK 2141.90 1920.15 1698.40 1620.10 1476.62 1398.30 1254.85 1033.10 811.35
INFRATEL 299.05 287.45 275.85 269.10 264.23 257.45 252.60 241.00 229.40
INFY 846.60 785.15 723.70 693.00 662.23 631.50 600.75 539.30 477.85
IOC 193.95 177.60 161.25 154.75 144.90 138.40 128.55 112.20 95.85
ITC 320.00 306.90 293.80 288.55 280.68 275.40 267.55 254.45 241.35
KOTAKBANK 1291.55 1237.10 1182.65 1157.95 1128.18 1103.45 1073.70 1019.25 964.80
LT 1870.75 1685.00 1499.25 1428.75 1313.48 1242.95 1127.70 941.95 756.20
LUPIN 1079.40 1009.60 939.80 894.85 869.97 825.00 800.15 730.35 660.55
M&M 972.85 904.95 837.05 810.30 769.15 742.40 701.25 633.35 565.45
Continued .......
6 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018
 Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
MARUTI 8908.50 8249.50 7590.50 7363.00 6931.48 6703.95 6272.45 5613.45 4954.45
NTPC 175.50 169.70 163.90 160.95 158.10 155.15 152.30 146.50 140.70
ONGC 179.05 171.20 163.35 160.35 155.47 152.45 147.60 139.75 131.90
POWERGRID 227.50 214.00 200.50 195.20 186.98 181.65 173.45 159.95 146.45
RELIANCE 1215.15 1167.30 1119.45 1097.20 1071.58 1049.30 1023.70 975.85 928.00
SBIN 408.75 364.35 319.95 302.65 275.52 258.20 231.10 186.70 142.30
SUNPHARMA 660.45 630.40 600.35 586.10 570.27 556.00 540.20 510.15 480.10
TATAMOTORS 255.75 231.60 207.45 198.90 183.28 174.70 159.10 134.95 110.80
TATASTEEL 721.10 668.05 615.00 594.55 561.93 541.45 508.85 455.80 402.75
TCS 2394.90 2224.65 2054.40 1983.95 1884.13 1813.65 1713.85 1543.60 1373.35
TECHM 1009.00 904.20 799.40 745.15 694.57 640.30 589.75 484.95 380.15
TITAN 1083.30 1006.95 930.60 900.80 854.22 824.40 777.85 701.50 625.15
ULTRACEMCO 5165.60 4661.60 4157.60 3944.20 3653.60 3440.20 3149.60 2645.60 2141.60
UPL 990.05 886.85 783.65 747.55 680.42 644.30 577.20 474.00 370.80
VEDL 289.55 266.05 242.55 234.25 219.03 210.70 195.50 172.00 148.50
WIPRO 377.25 359.25 341.25 329.85 323.23 311.80 305.20 287.20 269.20
YESBANK 323.40 282.25 241.10 225.10 199.92 183.90 158.75 117.60 76.45
ZEEL 545.60 510.30 475.00 458.20 439.68 422.85 404.35 369.05 333.75

7 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 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 %)

IGL 97.61% 12.35% NESTLEIND -24.69% 6.95%

VOLTAS 73.00% 8.35% REPCOHOME -21.51% 22.10%

CUMMINSIND 64.12% 14.23% TATAELXSI -21.37% 8.65%

AMBUJACEM 56.84% 6.59% INDIANB -18.53% 11.35%

DIVISLAB 40.21% 19.59% BEL -16.56% 7.73%

SHORT BUILD-UP LONG UNWINDING

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

COALINDIA 91.53% -6.61% CESC -43.12% -18.48%

MOTHERSUMI 50.20% -23.57% MCX -14.72% -2.34%

KOTAKBANK 13.47% -2.35% KPIT -10.58% -3.68%

Analysis : As per the analysis of above chart.
Major Resistance Level: 10800 followed by
HEXAWARE 10.24% -2.41% - - -
11000
Major Support Levels: 10000
- - - - - -

8 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 Nifty Analysis

Fundamental Outlook
NIFTY WEEKLY PIVOTS
Pre-Diwali week brought back some joy in our Indian equity market as Nifty index showed some smart recovery in last week PARTICULAR LEVEL
which provide much needed happiness in the traders and Investors fraternity ahead of festival week. HDFC was the major con-
R4 12150.90
tributor to the Nifty's gain followed by HDFC Bank , Reliance Industries , Indian Oil Corporation and Maruti Suzuki . The Nifty
PSU Bank has outperformed other sectoral indices with a gain of 13.6 percent during the week. This recovery was seen in all
R3 11574.45
major world indices as most of the markets remained bullish throughout the week and gave closing on positive note with more
than 2% gain on weekly basis. Few macro factors like Crude Oil correcting from higher levels as well domestic currency soften- R2 10998.00
ing led to this much awaited hope rally. On a weekly basis, the rupee gained over a percent against the dollar as it ended Friday
(November 2) higher by over a rupee at 72.43. Last Friday, the rupee ended at 73.46 against the dollar. There were couple of R1 10787.55
tentative attempts seen from the markets; but eventually strong buying momentum lifted index significantly higher from last
week’s low. The Nifty index surged 5.2 percent, or 523 points, to close at 10,577.05. PP 10421.55

S1 10211.10

Technical Outlook S2 9845.10

Last week selling nifty index started on positive note and continue its positive run throughout the week. We got
S3 9268.65
some reversal in index last week as Nifty surpassing last Friday’s high of 10177 and since then there has been no
stopping. Friday's session was fully dominated by the bulls ass S4 8692.20

Continued …....

9 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 Nifty Analysis
The market staged stellar performance on last day of the week as the Nifty from its opening trade remained strong through-
out the session and surpassed 10,600 levels intraday Friday. It formed a bullish candle on daily as well as weekly scale. Now WEEKLY STRATEGY
with Friday’s move, we are well above daily 20-EMA and hence, we expect continuation of this relief move towards 10700- PARTICULAR DETAILS
10800 in days to come. On the lower side, 10450 followed by 10190 are seen as strong support levels for the forthcoming
ACTION BUY
week. On option front, maximum Put OI was at 10,000 followed by 10,200 strikes while maximum Call OI was seen at 10,700
followed by 10,800 strikes. ENTRY PRICE ABOVE 10570

TARGET 10690

STOP LOSS 10499

TECHNICAL INDICATOR
ANALYSIS
CURRENT
INDICATOR
TREND
20 Days EMA POSITIVE

50 Days EMA NEGATIVE

200 Days EMA NEGATIVE

RSI POSITIVE

MACD POSITIVE
For this week, traders can adopt buy on lower level strategy in it and above the level of 10570. It can test the level of Rs.
STOCHASTIC POSITIVE
10690 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10499.
Continued …....

10 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 Bank Nifty Analysis
Technical Outlook WEEKLY STRATEGY
The Nifty Bank index started the last week on positive note on Monday and traded with positive sentiment throughout the PARTICULAR DETAILS
week. index give closing with more than 1000 points gain on weekly basis. Bank Nifty finally surpassed its crucial hurdle of
ACTION BUY
25,500-25,650 zone and extended its gains towards 25,850. It has formed a strong bullish candle on the weekly chart which
ENTRY PRICE ABOVE 25900
suggests that bulls are holding tight grip. Now it has to continue to hold above 25,600 to extend its up move towards 26,200
then 26,500 while on the downside major support is seen at 25,400 then 25,200 TARGET 26500

STOP LOSS 25550

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 29653.45

R3 28226.70

R2 26799.95

R1 26275.15

PP 25373.20

S1 24848.40

S2 23946.45
For this week, traders can adopt buy on lower level strategy in it and above the level of 25900. It can test the level of Rs. S3 22519.70
26500 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 25550.
S4 21092.95

11 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 ASHOKLEY Cash( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Overall trend of the Stock is sideways for long term . For short-medium term stock is in consolidation phase. Last week, it
PARTICULAR DETAILS
started on positive note and traded with sideways movement throughout the week. On daily chart it has gave breakout of
its major upward trend line . On intraday chart it has shown good positive move. If it manages to trade above the levels of ACTION BUY

122 than further upside move can be seen in it ENTRY PRICE ABOVE 122

TARGET 129.00

STOP LOSS 119.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 136.45
R3 129.60
R2 122.75
R1 120.20
PP 115.90
S1 113.35
S2 109.05
For this week, traders can adopt buy on lower level strategy in it and above the level of 122 it can test the level of Rs. 129 S3 102.20
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 119.
S4 95.35

12 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 PIDILITIND CASH 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 correction phase . Last week stock PARTICULAR DETAILS
started on positive note and good buying was seen in it from lower levels throughout the week. On daily chart it has
ACTION BUY
formed double bottom on lower levels. If it manages to trade above 1020 levels than further upside move can be seen in
it. In intraday it showed a good positive move. ENTRY PRICE ABOVE 1020

TARGET 1069.00

STOP LOSS 994.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 1238.15

R3 1148.75

R2 1059.35

R1 1024.30

PP 969.95

S1 934.90

S2 880.55
For this week, traders can adopt buy on lower level strategy in it and above the level of 1020 it can test the level of Rs.
S3 791.15
1069 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 994
S4 701.75

13 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 RAMCOCEM FUTURES( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, RAMCOCEM Nov Futures started the week on positive note and after that consolidated for the remaining part
PARTICULAR DETAILS
of the week. It made a high of 620 during the week and closed at 603.35 with the overall gain of 7.50 % on weekly basis.
ACTION BUY
Technically it consolidating near to downward trend line breakout and for this week we can expect upside movement in it.
ENTRY PRICE ABOVE 627.50

TARGET 647.50

STOP LOSS 617.50

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 780.60

R3 719.25

R2 657.90

R1 632.05

PP 596.55

S1 570.70

S2 535.20

For this week, traders can adopt buy on lower level strategy and above the level of 627.50 it can test the level of 647.50 S3 473.85
during the week. Trades can make buy position in it by maintaining a Stop Loss of 617.50 S4 412.50

14 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 ASHOKLEY FUTURES ( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, ASHOKLEY Nov Futures started the week on positive note and after that it witnessed side ways to positive
PARTICULAR DETAILS
movement for the remaining part of the week. It made a high of 119.10 during the week and closed 118.30 with the overall
ACTION BUY
gain of 4.40 % on weekly basis. Technically it made a Rounding Bottom Pattern and also it given trend line breakout. For
this week, we can expect upside movement in it. ENTRY PRICE ABOVE 122.50

TARGET 128.50

STOP LOSS 119.90

WEEKLY PIVOTS
PARTICULAR LEVEL
R4 139.10

R3 131.50

R2 123.90

R1 121.10

PP 116.30

S1 113.50

S2 108.70
For this week, traders can adopt buy from trend line breakout strategy in it and above the level of 122.50 it can test the
S3 101.10
level of 128.50 during the week. Traders can make buy position in it by maintaining a Stop Loss of 119.90.
S4 93.50

15 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 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 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 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 information, 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 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 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.

16 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018

 Disclaimer
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

17 Copyright © 2018 Ways2Capital. All rights reserved 06/11/2018