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 Market Wrap–Up

MAJOR INDICES CURRENCY MARKET UPDATE

CLOSING WEEKLY CURRENT PREVIOUS WEEKLY
INDEX WEEKLY CHANGES CURRENCY PAIR
AS ON 9TH NOV 18 % CHANGE CLOSING CLOSING % CHANGE
Nifty 10585.20 32.20 0.31% USDINR 72.6425 72.6450 0.00%
Nifty 100 10823.30 41.00 0.38% GBPINR 94.6100 94.7200 -0.12%
Nifty 200 5614.15 25.40 0.45% EURINR 82.5200 83.3475 -0.99%
Nifty 500 8946.35 46.95 0.53% JPYINR 63.8925 64.4750 -0.90%

India VIX 17.77 -0.46 -2.52% EURUSD 1.1358 1.1439 -0.71%

Nifty Bank 25771.00 69.35 0.27% GBPUSD 1.3033 1.3002 0.24%

Nifty Auto 9277.75 97.55 1.06% Dollar Index 96.91 96.54 0.38%

Nifty Finance 10874.60 9.65 0.09% COMMODITY MARKET UPDATE

Nifty FMCG 28731.05 -105.75 -0.37% CURRENT PREVIOUS WEEKLY
COMMODITY
CLOSING CLOSING % CHANGE
Nifty IT 14553.25 156.55 1.09%
Gold COMEX 1206.40 1230.90 -1.99%
Nifty Media 2488.50 12.65 0.51% Gold MCX 31016 31750 -2.31%
Nifty Metal 3431.90 -7.35 -0.21% Crude Oil NYMEX 60.19 63.14 -4.67%
Nifty Pharma 9643.90 96.05 1.01% Crude Oil MCX 4362 4609 -5.36%
Nifty PSU Banks 2928.45 5.30 0.18% Brent Oil NYMEX 70.18 72.83 -3.64%
Nifty PVT Bank 14622.70 70.05 0.48% Copper MCX 431.25 451.25 -4.43%
Nifty Realty 226.05 4.75 2.15% Natural Gas NYMEX 3.719 3.284 13.25%

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

 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

CIPLA 526.95 -13.20% 507.20

VEDL 209.05 -7.46% 198.25

IOC 141.65 -4.45% 105.25

INDUSINDBK 1494.90 -3.04% 1333.15

TITAN 847.65 -2.68% 732.30

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

 Economic Calendar
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS

Tuesday, November 13, 2018

15:00 GBP Average Earnings Index +Bonus (Sep) 3.00% 2.70%

15:00 GBP Claimant Count Change (Oct) 4.3K 18.5K

Wednesday, November 14, 2018

7:30 CNY Industrial Production (YoY) (Oct) 5.80% 5.80%

15:00 GBP CPI (YoY) (Oct) 2.50% 2.40%

19:00 USD Core CPI (MoM) (Oct) 0.20% 0.10%

21:00 USD Crude Oil Inventories - 5.783M

Thursday, November 15, 2018

4:30 USD Fed Chair Powell Speaks - -

15:00 GBP Retail Sales (MoM) (Oct) 0.10% -0.80%

19:00 USD Core Retail Sales (MoM) (Oct) 0.50% -0.10%

19:00 USD Philadelphia Fed Manufacturing Index (Nov) 20.2 22.2

19:00 USD Retail Sales (MoM) (Oct) 0.60% 0.10%

21:30 USD Crude Oil Inventories - 5.783M

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

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

ADANIPORTS 380.30 364.60 348.90 343.25 333.20 327.55 317.50 301.80 286.10
ASIANPAINT 1508.20 1431.80 1355.40 1325.50 1279.00 1249.10 1202.60 1126.20 1049.80
AXISBANK 714.30 681.35 648.40 630.80 615.42 597.80 582.45 549.50 516.55
BAJAJ-AUTO 3054.25 2931.80 2809.35 2751.20 2686.87 2628.70 2564.40 2441.95 2319.50
BAJAJFINSV 6312.75 6089.40 5866.05 5783.75 5642.68 5560.35 5419.30 5195.95 4972.60
BAJFINANCE 2602.20 2525.55 2448.90 2412.15 2372.23 2335.45 2295.55 2218.90 2142.25
BHARTIARTL 360.05 339.75 319.45 309.60 299.15 289.30 278.85 258.55 238.25
BPCL 349.80 331.35 312.90 304.90 294.43 286.40 275.95 257.50 239.05
CIPLA 836.65 743.15 649.65 588.30 556.15 494.80 462.65 369.15 275.65
COALINDIA 297.55 287.50 277.45 272.95 267.37 262.85 257.30 247.25 237.20
DRREDDY 2662.35 2581.45 2500.55 2450.30 2419.63 2369.35 2338.70 2257.80 2176.90
EICHERMOT 23936.10 23478.80 23021.50 22758.40 22564.18 22301.05 22106.85 21649.55 21192.25
GAIL 424.60 406.80 389.00 378.20 371.18 360.35 353.35 335.55 317.75
GRASIM 948.55 918.85 889.15 878.60 859.43 848.85 829.70 800.00 770.30
HCLTECH 1155.85 1112.65 1069.45 1048.70 1026.23 1005.45 983.00 939.80 896.60
HDFC 1985.45 1926.10 1866.75 1841.45 1807.38 1782.05 1748.00 1688.65 1629.30
Continued .......

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

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

HDFCBANK 2071.70 2032.00 1992.30 1968.85 1952.57 1929.10 1912.85 1873.15 1833.45
HEROMOTOCO 3363.90 3213.40 3062.90 3009.80 2912.40 2859.30 2761.90 2611.40 2460.90
HINDALCO 264.75 256.65 248.55 243.70 240.43 235.55 232.30 224.20 216.10
HINDPETRO 290.60 272.30 254.00 247.65 235.67 229.30 217.35 199.05 180.75
HINDUNILVR 1864.20 1794.20 1724.20 1698.40 1654.20 1628.40 1584.20 1514.20 1444.20
IBULHSGFIN 1055.60 985.25 914.90 888.55 844.53 818.15 774.15 703.80 633.45
ICICIBANK 386.25 375.60 364.95 360.90 354.27 350.20 343.60 332.95 322.30
INDUSINDBK 1767.90 1675.55 1583.20 1539.05 1490.85 1446.70 1398.50 1306.15 1213.80
INFRATEL 314.15 298.10 282.05 273.95 266.00 257.90 249.95 233.90 217.85
INFY 735.20 711.70 688.20 673.85 664.67 650.30 641.15 617.65 594.15
IOC 171.55 161.55 151.55 146.60 141.55 136.60 131.55 121.55 111.55
ITC 307.55 298.20 288.85 283.05 279.47 273.65 270.10 260.75 251.40
KOTAKBANK 1203.85 1179.35 1154.85 1145.20 1130.35 1120.70 1105.85 1081.35 1056.85
LT 1470.10 1434.65 1399.20 1383.90 1363.72 1348.40 1328.25 1292.80 1257.35
LUPIN 917.65 895.65 873.65 864.30 851.63 842.25 829.60 807.60 785.60
M&M 901.15 864.10 827.05 811.15 790.00 774.10 752.95 715.90 678.85
Continued .......
6 Copyright © 2018 Ways2Capital. All rights reserved 13/11/2018
 Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

MARUTI 8035.60 7761.45 7487.30 7385.40 7213.12 7111.20 6938.95 6664.80 6390.65
NTPC 171.95 166.15 160.35 157.40 154.55 151.60 148.75 142.95 137.15
ONGC 192.00 180.80 169.60 163.00 158.40 151.80 147.20 136.00 124.80
POWERGRID 211.25 204.05 196.85 194.30 189.63 187.05 182.40 175.20 168.00
RELIANCE 1241.15 1191.15 1141.15 1117.30 1091.15 1067.30 1041.15 991.15 941.15
SBIN 341.25 323.70 306.15 294.70 288.57 277.10 271.00 253.45 235.90
SUNPHARMA 710.50 669.95 629.40 613.45 588.83 572.85 548.25 507.70 467.15
TATAMOTORS 236.55 222.45 208.35 201.80 194.22 187.65 180.10 166.00 151.90
TATASTEEL 625.40 608.50 591.60 581.90 574.70 565.00 557.80 540.90 524.00
TCS 2150.25 2073.05 1995.85 1952.55 1918.63 1875.30 1841.40 1764.20 1687.00
TECHM 765.50 744.60 723.70 715.45 702.77 694.50 681.85 660.95 640.05
TITAN 967.35 929.95 892.55 870.10 855.15 832.70 817.75 780.35 742.95
ULTRACEMCO 4278.85 4108.55 3938.25 3878.05 3767.95 3707.75 3597.65 3427.35 3257.05
UPL 864.50 819.05 773.60 756.80 728.12 711.30 682.65 637.20 591.75
VEDL 281.40 258.95 236.50 222.80 214.03 200.30 191.55 169.10 146.65
WIPRO 364.05 350.15 336.25 330.55 322.32 316.60 308.40 294.50 280.60
YESBANK 291.05 267.75 244.45 236.20 221.13 212.85 197.80 174.50 151.20
ZEEL 502.15 482.95 463.75 456.95 444.52 437.70 425.30 406.10 386.90

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

 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 %)

ORIENTBANK 24.77% 10.92% RAMCOCEM -16.70% 3.41%

DIVISLAB 20.07% 3.31% MINDTREE -16.55% 6.07%

TORNTPOWER 15.21% 4.62% BEML -10.03% 5.59%

JETAIRWAYS 14.42% 12.42% - - -

PCJEWELLER 14.35% 4.23% - - -

SHORT BUILD-UP LONG UNWINDING

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

BALKRISIND 92.21% -16.00% REPCOHOME -12.16% -2.05%

INDIANB 54.62% -7.70% - - -

CIPLA 27.03% -13.11% - - -

Analysis : As per the analysis of above chart.
Major Resistance Level: 10700 followed by
SUNTV 15.64% -6.34% - - -
11000
Major Support Levels: 10200 followed 10000
EQUITAS 14.58% -3.92% - - -

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

 Nifty Analysis

Fundamental Outlook
NIFTY WEEKLY PIVOTS
It seems like in Diwali week traders and investors remained out of the markets as our Indian Equity market showed PARTICULAR LEVEL
some consolidation and the Nifty index remained range bound between 10,505 and 10,648.20 for most part of last
R4 11021.60
week. However, on the auspicious day of Laxmi Pujan, markets opened higher with a decent gap and eventually
closed tad below the 10600 mark. This week, our markets managed to extend the relief rally a bit; courtesy to some R3 10878.50
bump up on the Muhurat trading day. However, generally this tiny session trades with low volumes and hence we
R2 10735.40
should not give much weightage to this price development. In fact, throughout the week there was no major partici-
pation was seen in the market. The same range bound week was also observed in most of the world major indices.
R1 10679.60
Higher crude output from the US, Saudi Arabia and Russia led to oversupply in international markets. Oversupply
concerns led to crude oil prices falling steeply last week Inventories continue to rise, pointing toward diminishing PP 10592.30
demand. USD/INR also remained sideways and closed with some nominal gain at 73.00 as compared to last week
S1 10536.50
closing of 72.44
Technical Outlook S2 10449.20

Last week nifty index started on negative note and showed consolidation throughout the week as it remained in a
S3 10306.10
narrow range of 142 points and ended with a Hanging Man kind of formation on weekly chart. Nifty Index which
opened with a small gap on the upside in morning trade on November 9, failed to hold on to gains and turned nega- S4 10163.00
tive making the same Hanging Man pattern on daily charts.
Continued …....

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

 Nifty Analysis

WEEKLY STRATEGY
A Hanging Man is a bearish reversal candlestick pattern and if index manages to trade below 10480 levels than further down
PARTICULAR DETAILS
side movement can be seen in it. According to Pivot charts, the key support level is placed at 10,536.50, followed by
10,449.20 while key resistance levels to watch out are 10,679.60 and then 10,735.40. On the option front, maximum Put OI ACTION SELL
is seen at 10,000, followed by 10,200 strikes. Maximum Call OI is seen at 11,000, followed by 10,800 strikes.
ENTRY PRICE BELOW 10480

TARGET 10380

STOP LOSS 10550

TECHNICAL INDICATOR
ANALYSIS
CURRENT
INDICATOR
TREND
20 Days EMA POSITIVE

50 Days EMA NEGATIVE

200 Days EMA NEGATIVE

RSI NEGATIVE

MACD POSITIVE
For this week, traders can adopt sell on higher level strategy in it and below the level of 10480. It can test the level of Rs.
STOCHASTIC POSITIVE
10380 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 10550.
Continued …....

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

 Bank Nifty Analysis
Technical Outlook WEEKLY STRATEGY
The Nifty Bank index started the last week on positive note on Monday and showed consolidation between 25,500 and PARTICULAR DETAILS
25,850 levels for the last five trading sessions. It formed an indecisive candle on the daily as well as weekly scale, which im- ACTION SELL
plies that the bulls are not loosening their grip, whereas bears are putting pressure at higher levels. The banking index is
ENTRY PRICE BELOW 25550
trading near its 50 and 200 daily exponential moving average for the last one week. It now needs to hold above the 25,850
levels to form a small Pole and Flag pattern breakout to move towards 26,250 levels but if it traded below 25,550 than it TARGET 24750

can drag index to lower levels around 25,200 then 24,800 STOP LOSS 25900

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 26887.10

R3 26520.45

R2 26153.80

R1 26001.30

PP 25787.15

S1 25634.65

S2 25420.50
For this week, traders can adopt sell on higher level strategy in it and below the level of 25550. It can test the level of Rs. S3 25053.85
24750 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 25900.
S4 24687.20

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

 TATA 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 correction 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
ACTION BUY
its major resistance level of 584 . On intraday chart it has shown good positive move. If it manages to trade above the lev-
els of 584 than further upside move can be seen in it ENTRY PRICE ABOVE 586

TARGET 604.00

STOP LOSS 574.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 625.40
R3 608.50

R2 591.60

R1 581.90

PP 574.70

S1 565.00

S2 557.80
For this week, traders can adopt buy on lower level strategy in it and above the level of 586 it can test the level of Rs. 604
S3 540.90
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 574.
S4 524.00

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

 REPCOHOMES CASH ( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Overall trend of the Stock is bearish for long term . For short-medium term stock is in recovery phase . Last week stock PARTICULAR DETAILS
started on negative note but good buying was seen in it from lower levels throughout the week. On daily chart it is con- ACTION BUY
solidating on higher levels. If it manages to trade above 420 levels than further upside move can be seen in it. In intraday
ENTRY PRICE ABOVE 420
it showed a good positive move.
TARGET 434.00

STOP LOSS 410.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 486.90
R3 456.45

R2 426.00

R1 412.15

PP 395.55

S1 381.70

S2 365.10
For this week, traders can adopt buy on lower level strategy in it and above the level of 420 it can test the level of Rs. 434 S3 334.65
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 410.
S4 304.20

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

 COALINDIA FUTURES( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, COALINDIA Nov Futures started the week on positive note and continued the same for the entire week. It
PARTICULAR DETAILS
made a high of 273.30 during the week and closed 268.80 with the overall gain of 2.20% on weekly basis. Technically on
ACTION SELL
daily chart, it formed Spinning Top Pattern and also it’s near to the yearly support zone level. For this week, we can expect
downside movement in it. ENTRY PRICE BELOW 263

TARGET 253.00

STOP LOSS 266.10

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 300.60

R3 289.80

R2 279.00

R1 273.90

PP 268.20

S1 263.10

S2 257.40

For this week, traders can adopt selling strategy on the basis of technical pattern and below the level of 263 it can test the S3 246.60
level of 253 during the week. Trades can make sell position in it by maintaining a Stop Loss of 266.10. S4 235.80

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

 TITAN FUTURES ( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, TITAN Nov Futures started the week on negative note and continued the same for the entire week. It made a
PARTICULAR DETAILS
low of 841.30 during the week and closed 848.15 with the overall loss of 2.73% on weekly basis. Technically on weekly
ACTION BUY
charts, it formed Hammer pattern on lower level with consolidation and also expected to give downward trend line break-
out. For this week, we can expect upside movement in it. ENTRY PRICE ABOVE 903

TARGET 923.00

STOP LOSS 885.00

WEEKLY PIVOTS
PARTICULAR LEVEL
R4 974.75

R3 935.40

R2 896.05

R1 872.10

PP 856.70

S1 832.75

S2 817.35
For this week, traders can adopt buying from Trend line breakout strategy in it and above the level of 903 it can test the
S3 778.00
level of 923 during the week. Trades can make buy position in it by maintaining a Stop Loss of 885.
S4 738.65

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

 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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