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 Market Wrap–Up

MAJOR INDICES CURRENCY MARKET UPDATE

CLOSING AS ON WEEKLY CURRENT PREVIOUS WEEKLY
INDEX WEEKLY CHANGES CURRENCY PAIR
07th SEPT 18 % CHANGE CLOSING CLOSING % CHANGE
Nifty 11589.10 -91.40 -78.25% USDINR 71.8575 71.1875 0.94%
Nifty 100 11879.90 -123.20 -102.64%
GBPINR 93.4700 92.5525 0.99%
Nifty 200 6171.30 -69.25 -110.97%
EURINR 83.5800 83.0550 0.63%
Nifty 500 9875.20 -116.80 -116.89%
JPYINR 64.8575 64.2800 0.90%
Nifty VIX 13.89 1.29 1023.81%
EURUSD 1.1553 1.1601 -0.41%
Nifty Bank 27481.45 -580.30 -206.79%
GBPUSD 1.2924 1.2963 -0.30%
Nifty Auto 11036.65 27.40 24.89%
Dollar Index 95.33 95.05 0.29%
Nifty Finance 11502.10 -216.95 -185.13% COMMODITY MARKET UPDATE
Nifty FMCG 31354.30 -1557.25 -473.16% CURRENT PREVIOUS WEEKLY
COMMODITY
CLOSING CLOSING % CHANGE
Nifty IT 16104.75 293.35 185.53%
Gold COMEX 1193.60 1206.90 -1.10%
Nifty Media 2715.70 -124.40 -438.01%
Gold MCX 30509 30157 1.17%
Nifty Metal 3699.75 56.30 154.52%
Crude Oil NYMEX 67.75 69.80 -2.94%
Nifty Pharma 10661.25 270.30 260.13% Crude Oil MCX 4883 4959 -1.53%
Nifty PSU Banks 3135.95 -179.55 -541.55% Brent Oil NYMEX 76.83 77.42 -0.76%
Nifty PVT Bank 15618.30 -314.90 -197.64% Copper MCX 422.60 423.80 -0.28%
Nifty Realty 268.15 -7.70 -279.14% Natural Gas NYMEX 2.776 2.916 -4.80%

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

 Market at a Glance

WEEKLY GAINERS
CLOSING WEEKLY 52 WEEK
SCRIP
PRICE % CHANGE HIGH

WIPRO 323.30 7.55% 334.00

BAJAJ-
2926.00 6.25% 3468.35
AUTO
DRREDDY 2625.00 5.34% 2659.80
TATA-
277.05 3.78% 468.22
MOTORS
LUPIN 960.90 3.16% 1090.00

WEEKLY LOSERS
CLOSING WEEKLY 52 WEEK
SCRIP
PRICE % CHANGE LOW

HINDUNILVR 1632.40 -8.09% 1169.00

SBIN 291.10 -6.19% 232.35

ZEEL 470.50 -5.89% 436.05

YESBANK 323.65 -5.64% 285.00

ONGC 171.70 -4.53% 151.80

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

 Economic Calendar
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Monday, September 10, 2018
14:00 GBP GDP (MoM) 0.20% 0.10%
14:00 GBP Manufacturing Production (MoM) (Jul) 0.20% 0.40%
Tuesday, September 11, 2018
14:00 GBP Average Earnings Index +Bonus (Jul) 2.40% 2.40%
14:00 GBP Claimant Count Change (Aug) 10.0K 10.2K
19:30 USD JOLTs Job Openings (Jul) 6.646M 6.662M
Wednesday, September 12, 2018
18:00 USD PPI (MoM) (Aug) 0.20% 0.00%
20:00 USD Crude Oil Inventories -0.750M -4.302M
Thursday, September 13, 2018
All Day INR India - Ganesh Chaturthi Holiday
16:30 GBP BoE Interest Rate Decision (Sep) 0.75% 0.75%
18:00 USD Core CPI (MoM) (Aug) 0.20% 0.20%
Friday, September 14, 2018
7:30 CNY Industrial Production (YoY) (Aug) 6.20% 6.00%
15:30 GBP BoE Gov Carney Speaks - -
18:00 USD Core Retail Sales (MoM) (Aug) 0.50% 0.60%
18:00 USD Retail Sales (MoM) (Aug) 0.40% 0.50%

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

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

ADANIPORTS 456.30 430.80 405.30 391.05 379.77 365.50 354.25 328.75 303.25
ASIANPAINT 1605.80 1516.25 1426.70 1371.85 1337.15 1282.30 1247.60 1158.05 1068.50
AXISBANK 732.70 701.95 671.20 658.10 640.42 627.30 609.65 578.90 548.15
BAJAJ-AUTO 3533.20 3307.00 3080.80 3003.40 2854.60 2777.20 2628.40 2402.20 2176.00
BAJAJFINSV 8356.00 7788.60 7221.20 6906.60 6653.80 6339.20 6086.40 5519.00 4951.60
BAJFINANCE 3649.85 3363.00 3076.15 2910.60 2789.28 2623.70 2502.40 2215.55 1928.70
BHARTIARTL 457.45 432.40 407.35 398.35 382.28 373.25 357.20 332.15 307.10
BPCL 418.65 397.85 377.05 367.00 356.23 346.15 335.40 314.60 293.80
CIPLA 754.05 721.75 689.45 677.10 657.15 644.80 624.85 592.55 560.25
COALINDIA 338.55 320.05 301.55 294.10 283.03 275.55 264.50 246.00 227.50
DRREDDY 3302.70 3053.40 2804.10 2714.55 2554.77 2465.20 2305.45 2056.15 1806.85
EICHERMOT 33426.95 31792.40 30157.85 29431.60 28523.30 27797.05 26888.75 25254.20 23619.65
GAIL 460.20 430.65 401.10 388.95 371.53 359.35 341.95 312.40 282.85
GRASIM 1242.70 1174.20 1105.70 1065.85 1037.17 997.30 968.65 900.15 831.65
HCLTECH 1271.50 1201.20 1130.90 1101.70 1060.60 1031.40 990.30 920.00 849.70
HDFC 2102.85 2045.90 1988.95 1955.95 1931.98 1898.95 1875.00 1818.05 1761.10

Continued .......

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

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

HDFCBANK 2195.25 2149.10 2102.95 2081.00 2056.78 2034.80 2010.60 1964.45 1918.30
HEROMOTOCO 3952.10 3723.70 3495.30 3417.15 3266.87 3188.70 3038.45 2810.05 2581.65
HINDALCO 285.20 270.25 255.30 249.40 240.33 234.40 225.35 210.40 195.45
HINDPETRO 285.75 274.30 262.85 258.15 251.38 246.65 239.90 228.45 217.00
HINDUNILVR 2254.65 2060.70 1866.75 1749.60 1672.78 1555.60 1478.80 1284.85 1090.90
IBULHSGFIN 1535.10 1430.90 1326.70 1267.85 1222.47 1163.60 1118.25 1014.05 909.85
ICICIBANK 407.25 382.90 358.55 345.95 334.18 321.55 309.80 285.45 261.10
INDUSINDBK 2145.00 2054.20 1963.40 1920.20 1872.60 1829.40 1781.80 1691.00 1600.20
INFRATEL 365.90 336.70 307.50 291.00 278.30 261.80 249.10 219.90 190.70
INFY 759.20 748.05 736.90 735.45 725.72 724.25 714.55 703.40 692.25
IOC 172.15 165.85 159.55 156.45 153.22 150.10 146.90 140.60 134.30
ITC 360.25 344.65 329.05 319.85 313.42 304.20 297.80 282.20 266.60
KOTAKBANK 1454.50 1388.10 1321.70 1282.95 1255.27 1216.50 1188.85 1122.45 1056.05
LT 1458.90 1423.70 1388.50 1367.75 1353.27 1332.50 1318.05 1282.85 1247.65
LUPIN 1142.10 1074.60 1007.10 984.00 939.60 916.50 872.10 804.60 737.10
M&M 1179.45 1105.85 1032.25 1002.90 958.63 929.25 885.00 811.40 737.80
Continued .......
6 Copyright © 2018 Ways2Capital. All rights reserved 11/09/2018
 Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
MARUTI 10730.30 10109.55 9488.80 9101.85 8868.05 8481.10 8247.30 7626.55 7005.80
NTPC 190.55 183.50 176.45 173.15 169.38 166.05 162.30 155.25 148.20
ONGC 206.50 195.85 185.20 178.45 174.52 167.75 163.85 153.20 142.55
POWERGRID 228.30 217.70 207.10 201.30 196.47 190.65 185.85 175.25 164.65
RELIANCE 1474.20 1401.35 1328.50 1302.80 1255.63 1229.90 1182.75 1109.90 1037.05
SBIN 360.70 339.50 318.30 304.70 297.07 283.45 275.85 254.65 233.45
SUNPHARMA 779.30 740.00 700.70 682.75 661.37 643.40 622.05 582.75 543.45
TATAMOTORS 344.30 319.80 295.30 286.20 270.78 261.65 246.25 221.75 197.25
TATASTEEL 728.80 688.00 647.20 631.60 606.40 590.80 565.60 524.80 484.00
TCS 2231.90 2181.60 2131.30 2105.05 2080.98 2054.70 2030.65 1980.35 1930.05
TECHM 907.05 858.30 809.55 790.30 760.77 741.50 712.00 663.25 614.50
TITAN 1113.20 1036.45 959.70 914.25 882.95 837.50 806.20 729.45 652.70
ULTRACEMCO 5454.40 5066.75 4679.10 4476.85 4291.42 4089.15 3903.75 3516.10 3128.45
UPL 822.00 783.60 745.20 730.10 706.80 691.70 668.40 630.00 591.60
VEDL 268.25 255.25 242.25 237.75 229.22 224.70 216.20 203.20 190.20
WIPRO 403.30 374.55 345.80 334.55 317.02 305.75 288.25 259.50 230.75
YESBANK 416.45 388.25 360.05 341.85 331.82 313.60 303.60 275.40 247.20
ZEEL 697.40 622.45 547.50 509.00 472.52 434.00 397.55 322.60 247.65

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

 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 %)

MUTHOOTFIN 72.14% 13.71% GLENMARK -12.20% 2.44%

GODFRYPHLP 26.15% 7.36% BAJAJ-AUTO -11.97% 6.00%

LUPIN 16.15% 2.61% BALRAMCHIN -10.23% 1.89%

GRANULES 15.77% 4.68% - - -

TORNTPOWER 14.94% 1.92% - - -

SHORT BUILD-UP LONG UNWINDING

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

BALKRISIND 118.45% -13.78% COLPAL -16.68% -2.48%

BEL 69.86% -19.27% BATAINDIA -14.88% -2.52%

Analysis : As per the analysis of above
GODREJCP 35.69% -7.66% RELINFRA -12.14% -1.25% chart.
SRTRANSFIN 35.00% -9.56% Major Resistance Level: 11800
- - - Major Support Levels: 11500
NESTLEIND 31.90% -9.78%
- - -

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

 Nifty Analysis

NIFTY WEEKLY PIVOTS

Fundamental Outlook PARTICULAR LEVEL

Indian Equity market is Mostly, in a strong up trend but a correction cannot be ruled out at this point. As we seen R4 12629.15
first half of the week was fully dominated by bearish and the latter part tries to make up for the damage. Courtesy
R3 12291.10
to relentless appreciation in US Dollar against the Indian Rupee. Till last week, our markets could handle up to the
71 mark; but the moment this level crossed, it called for some kind of panic in the traders’ fraternity. But, fortu-
R2 11953.05
nately, the end was good for the week after USDINR cooling off a bit and hence, Nifty managed to recoup some
losses to close tad below the 11600 mark. Still clouds are looming largely on our Indian markets as US Dollar is look- R1 11793.00

ing further strong in coming days.

PP 11615.00

S1 11454.95

Technical Outlook S2 11276.95

The Nifty futures started the last week on negative note on Monday and traded with negative movement through- S3 10938.90
out the week and give closing with 78 points loss on weekly basis. Index is forming H&S price pattern on daily chart
S4 10600.85
and if it give closing below 11500 levels then further down side movement can be seen in it
Continued …....

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

 Nifty Analysis

WEEKLY STRATEGY
On up side major resistance is placed at 11650 while support is placed at 11470 and violation of this support lev-
els could trigger more selling in index. On option front maximum call options are open on 11800 levels while put PARTICULAR DETAILS

options are open on 11400 levels. ACTION SELL

ENTRY PRICE 11470

TARGET 11360

STOP LOSS 11570

TECHNICAL INDICATOR
ANALYSIS
CURRENT
INDICATOR
TREND
20 Days EMA NEGATIVE

50 Days EMA POSITIVE

200 Days EMA POSITIVE

RSI POSITIVE

MACD NEGATIVE
For this week, traders can adopt sell on higher level strategy in it and below the level of 11470. It can test the
STOCHASTIC POSITIVE
level of Rs. 11360 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 11570.
Continued …....

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

 Bank Nifty Analysis
Technical Outlook WEEKLY STRATEGY
The Nifty Bank index started the last week on negative note and traded with bearish movement throughout the PARTICULAR DETAILS
week, which led index to give closing on negative note on weekly basis. Going ahead, index has formed double ACTION SELL
top price pattern on higher levels and if index manages to give closing below the levels of 28300 then it can show
ENTRY PRICE BELOW 27270
further down side movement and can test levels of 27000. Bank Nifty has crucial resistance of 27670 .
TARGET 27070

STOP LOSS 27420

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 30711.35

R3 29718.70

R2 28726.05

R1 28159.50

PP 27733.40

S1 27166.85

For this week, traders can adopt sell on higher level strategy in it and below the level of 27270. It can test the S2 26740.75
level of Rs. 27070 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 27420. S3 25748.10

S4 24755.45

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

 RITES Cash( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, RITES started the week with down side correction but after it gave up side movement. It made a
PARTICULAR DETAILS
high of 288.50 during the week and closed at 261 with the overall loss of 10.30% on weekly basis. Technically
ACTION BUY
it’s recovering from it's correction face and forming bullish harami pattern and for this week, we can expect
ENTRY PRICE ABOVE 271.00
further long unwinding in it.
TARGET 284.00

STOP LOSS 262.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 395.35
R3 351.85

R2 308.35

R1 284.70

PP 264.85

S1 241.20

S2 221.35
For this week, traders can adopt buy on lower levels strategy in it and above the level of 271 it can test the S3 177.85
level of 284 during the week. Trades can make buy position in it by maintaining a Stop Loss of 262 S4 134.35

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

 RALLIS Cash ( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, RALLIS started the week with down side movement but in the later part of the week, it's recovered PARTICULAR DETAILS
from lower levels and given the up side movement for the remaining week. It made a high of 209.40 during the ACTION BUY
week and closed at 201.50 with the overall loss of 3.50% on weekly basis. Technically it’s given trendline break-
ENTRY PRICE ABOVE 207.00
out with consolidation from the lower levels and for this week, we can expect upside movement in it.
TARGET 219.00

STOP LOSS 198.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 226.55
R3 218.20

R2 209.85

R1 201.95

PP 201.5

S1 193.60

S2 193.15
For this week, traders can adopt buy on trendline breakout strategy in it and above the level of 207 it can test S3 184.80
the level of 219 during the week. Trades can make buy position in it by maintaining a Stop Loss of 198 S4 176.45

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

 YES BANK FUTURES( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, YESBANK Sept Futures started the week on negative note and after that it witnessed bearish move-
PARTICULAR DETAILS
ment for the entire week. It made a low of 323 during the week and closed at 323.45 with the overall loss of
ACTION BUY
6.34% on weekly basis. Technically YESBANK Futures in the bearish trend but for this week, we can expect
ENTRY PRICE ABOVE 331.00
short covering from the lower levels as open interest and volume giving the sign of recovery.
TARGET 351.00

STOP LOSS 324.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 413.15

R3 386.35

R2 359.55

R1 342.50

PP 332.75

S1 315.70
For this week, traders can adopt buy on lower level strategy in it and above the level of 331 it can test the level of S2 305.95
351 during the week. Trades can make buy position in it by maintaining a Stop Loss of 324.00
S3 279.15

S4 252.35

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

 JUBL FOOD FUTURES ( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, JUBLFOOD Sept Futures started the week on negative note and after that it witnessed bearish move-
PARTICULAR DETAILS
ment for the entire week. It made a low of 1398.15 during the week and closed at 1415.35 with the overall loss
ACTION SELL
of 9.11% on weekly basis. Technically JUBLFOOD Futures in the bullish trend but it witnessing profit booking
ENTRY PRICE BELOW 1406.00
from higher levels and for this week, we can expect downside movement in it.
TARGET 1378.00

STOP LOSS 1426.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 1953.40

R3 1788.55

R2 1623.70

R1 1519.55

PP 1458.85

S1 1354.70
For this week, traders can adopt sell on higher level strategy in it and below the level of 1406 it can test the S2 1294.00
level of 1378 during the week. Trades can make sell position in it by maintaining a Stop Loss of 1426 S3 1129.15

S4 964.30

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

 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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