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 Market Wrap–Up

MAJOR INDICES CURRENCY MARKET UPDATE

CLOSING AS ON 26 WEEKLY CURRENT PREVIOUS WEEKLY
INDEX WEEKLY CHANGES CURRENCY PAIR
OCT 18 % CHANGE CLOSING CLOSING % CHANGE
Nifty 10030.00 -273.55 -2.73% USDINR 73.6800 73.6825 0.00%
Nifty 100 10225.30 -278.75 -2.73% GBPINR 94.3850 96.2125 -1.90%
Nifty 200 5289.50 -137.05 -2.59% EURINR 84.2325 84.2325 0.00%
Nifty 500 8417.25 -223.40 -2.65% JPYINR 65.8900 65.7075 0.28%
India VIX 19.23 -0.56 -2.91% EURUSD 1.1390 1.1600 -1.81%
Nifty Bank 24421.05 -664.75 -2.72% GBPUSD 1.2836 1.3068 -1.78%
Nifty Auto 8578.05 -112.20 -1.31% Dollar Index 96.13 95.38 0.79%
Nifty Finance 10260.10 -24.15 -0.24% COMMODITY MARKET UPDATE
Nifty FMCG 28013.55 -831.70 -2.97% CURRENT PREVIOUS WEEKLY
COMMODITY
CLOSING CLOSING % CHANGE
Nifty IT 13798.60 -678.25 -4.92%
Gold COMEX 1232.50 1225.30 0.59%
Nifty Media 2359.10 -138.30 -5.86%
Gold MCX 31937 31902 0.11%
Nifty Metal 3283.90 -81.10 -2.47%
Crude Oil NYMEX 67.59 69.12 -2.21%
Nifty Pharma 9115.10 -535.20 -5.87%
Crude Oil MCX 4951 5115 -3.21%
Nifty PSU Banks 2572.85 -113.10 -4.40%
Brent Oil NYMEX 77.62 79.78 -2.71%
Nifty PVT Bank 13785.05 -424.50 -3.08%
Copper MCX 444.70 453.00 -1.83%
Nifty Realty 205.40 1.10 0.54% Natural Gas NYMEX 3.185 3.250 -2.00%
2 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018
 Market at a Glance

WEEKLY GAINERS
CLOSING WEEKLY 52 WEEK
SCRIP
PRICE % CHANGE HIGH

BAJFINANCE 2323.00 9.58% 2994.00

HINDPETRO 227.10 8.22% 484.35

IOC 137.95 6.69% 221.00

TITAN 807.50 4.01% 999.70

BPCL 280.40 3.56% 551.55

WEEKLY LOSERS
CLOSING WEEKLY 52 WEEK
SCRIP
PRICE % CHANGE LOW

YESBANK 181.20 -14.97% 165.00

GRASIM 756.50 -11.42% 756.00

SUNPHARMA 550.90 -9.21% 435.00

INFY 634.05 -6.83% 458.47

JSWSTEEL 334.50 -5.76% 237.60

3 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 Economic Calendar
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Monday, October 29, 2018
18:00 GBP Autumn Budget -
Tuesday, October 30, 2018
19:30 USD CB Consumer Confidence (Oct) 137 138.4
Wednesday, October 31, 2018
6:30 CNY Manufacturing PMI (Oct) 50.7 50.8
17:45 USD ADP Nonfarm Employment Change (Oct) 195K 230K
20:00 USD Crude Oil Inventories - 6.346M
Thursday, November 1, 2018
7:15 CNY Caixin Manufacturing PMI (Oct) 49.9 50
15:00 GBP Manufacturing PMI (Oct) - 53.8
17:30 GBP BoE Inflation Report - -
17:30 GBP BoE Interest Rate Decision (Nov) 0.75% 0.75%
18:00 GBP BoE Gov Carney Speaks - -
19:30 USD ISM Manufacturing PMI (Oct) 59.6 59.8
Friday, November 2, 2018
15:00 GBP Construction PMI (Oct) 52.5 52.1
18:00 USD Nonfarm Payrolls (Oct) 189K 134K
18:00 USD Unemployment Rate (Oct) 3.70% 3.70%

4 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

ADANIPORTS 402.50 371.80 341.10 322.05 310.37 291.30 279.65 248.95 218.25
ASIANPAINT 1573.25 1444.10 1314.95 1253.60 1185.78 1124.40 1056.60 927.45 798.30
AXISBANK 676.30 633.90 591.50 563.65 549.08 521.20 506.65 464.25 421.85
BAJAJ-AUTO 3119.35 2919.45 2719.55 2619.30 2519.63 2419.35 2319.70 2119.80 1919.90
BAJAJFINSV 6952.70 6396.70 5840.70 5614.35 5284.67 5058.30 4728.65 4172.65 3616.65
BAJFINANCE 3370.20 2990.95 2611.70 2467.35 2232.45 2088.10 1853.20 1473.95 1094.70
BHARTIARTL 456.75 404.85 352.95 325.20 301.02 273.25 249.10 197.20 145.30
BPCL 355.30 328.85 302.40 291.40 275.95 264.95 249.50 223.05 196.60
CIPLA 739.65 697.65 655.65 628.60 613.62 586.55 571.60 529.60 487.60
COALINDIA 310.60 300.25 289.90 285.45 279.52 275.05 269.15 258.80 248.45
DRREDDY 3093.40 2878.80 2664.20 2531.10 2449.57 2316.45 2234.95 2020.35 1805.75
EICHERMOT 25013.35 24028.35 23043.35 22411.70 22058.33 21426.65 21073.30 20088.30 19103.30
GAIL 400.95 381.55 362.15 351.65 342.73 332.20 323.30 303.90 284.50
GRASIM 1187.20 1057.90 928.60 842.55 799.27 713.20 669.95 540.65 411.35
HCLTECH 1171.70 1106.05 1040.40 1003.70 974.75 938.05 909.10 843.45 777.80
HDFC 2009.80 1905.80 1801.80 1751.10 1697.78 1647.05 1593.75 1489.75 1385.75
Continued .......

5 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 Weekly Pivots

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)

SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

HDFCBANK 2189.75 2118.75 2047.75 2004.50 1976.73 1933.45 1905.70 1834.70 1763.70
HEROMOTOCO 3065.70 2946.60 2827.50 2768.75 2708.37 2649.60 2589.25 2470.15 2351.05
HINDALCO 280.20 260.70 241.20 231.00 221.70 211.50 202.20 182.70 163.20
HINDPETRO 329.70 293.80 257.90 242.50 222.00 206.60 186.10 150.20 114.30
HINDUNILVR 1696.20 1651.95 1607.70 1579.35 1563.42 1535.05 1519.15 1474.90 1430.65
IBULHSGFIN 1104.70 971.05 837.40 762.20 703.72 628.50 570.05 436.40 302.75
ICICIBANK 373.30 355.10 336.90 325.60 318.70 307.40 300.50 282.30 264.10
INDUSINDBK 2025.00 1846.10 1667.20 1555.10 1488.30 1376.20 1309.40 1130.50 951.60
INFRATEL 301.10 289.00 276.90 270.95 264.77 258.80 252.65 240.55 228.45
INFY 848.45 783.30 718.15 676.10 653.00 610.95 587.85 522.70 457.55
IOC 184.50 167.95 151.40 144.70 134.83 128.10 118.25 101.70 85.15
ITC 334.30 317.20 300.10 290.00 283.00 272.90 265.90 248.80 231.70
KOTAKBANK 452.90 417.10 381.30 357.90 345.47 322.05 309.65 273.85 238.05
LT 1398.90 1323.25 1247.60 1200.30 1171.92 1124.60 1096.25 1020.60 944.95
LUPIN 1320.10 1280.30 1240.50 1218.90 1200.68 1179.05 1160.85 1121.05 1081.25
M&M 829.80 796.80 763.80 745.40 730.80 712.40 697.80 664.80 631.80
Continued .......
6 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018
 Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
MARUTI 7918.35 7513.35 7108.35 6906.70 6703.33 6501.65 6298.30 5893.30 5488.30
NTPC 199.95 186.85 173.75 166.50 160.65 153.40 147.55 134.45 121.35
ONGC 194.30 181.15 168.00 160.00 154.82 146.80 141.65 128.50 115.35
POWERGRID 209.55 202.70 195.85 192.20 188.98 185.30 182.10 175.25 168.40
RELIANCE 1353.10 1254.70 1156.30 1099.40 1057.88 1000.95 959.45 861.05 762.65
SBIN 309.60 291.00 272.40 260.15 253.77 241.50 235.15 216.55 197.95
SUNPHARMA 773.00 706.20 639.40 595.15 572.57 528.30 505.75 438.95 372.15
TATAMOTORS 206.50 194.25 182.00 174.90 169.75 162.65 157.50 145.25 133.00
TATASTEEL 628.80 602.35 575.90 563.75 549.45 537.30 523.00 496.55 470.05
TCS 2209.10 2084.20 1959.30 1877.65 1834.37 1752.70 1709.45 1584.55 1459.65
TECHM 810.05 760.45 710.85 682.10 661.25 632.50 611.65 562.05 512.45
TITAN 959.45 905.60 851.75 829.65 797.88 775.75 744.00 690.15 636.30
ULTRACEMCO 4425.50 4087.95 3750.40 3565.20 3412.82 3227.60 3075.25 2737.70 2400.15
UPL 820.00 753.00 686.00 653.00 619.00 586.00 552.00 485.00 418.00
VEDL 268.10 247.85 227.60 215.70 207.33 195.40 187.05 166.80 146.55
WIPRO 407.70 376.45 345.20 331.85 313.92 300.55 282.65 251.40 220.15
YESBANK 352.00 298.25 244.50 212.85 190.72 159.05 136.95 83.20 29.45
ZEEL 570.90 524.85 478.80 449.65 432.75 403.60 386.70 340.65 294.60

7 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 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 %)

- - - PFC -60.16% 2.37%

- - - CHOLAFIN -36.71% 8.01%

- - - CANFINHOME -33.80% 10.32%

- - - MUTHOOTFIN -31.86% 6.29%

- - - TORNTPHARM -29.92% 3.18%

SHORT BUILD-UP LONG UNWINDING

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

EQUITAS 44.16% -21.52% INFIBEAM -49.87% -43.11%

GRASIM 42.65% -13.47% CESC -41.08% -6.38%

BHARATFIN 22.28% -9.12% ACC -38.08% -4.82%

Analysis : As per the analysis of above chart.
Major Resistance Level: 10500 followed by
BHEL 15.10% -10.37% RAMCOCEM -37.60% -2.46%
11000
Major Support Levels: 10000
UBL 11.62% -6.25% JPASSOCIAT -37.53% -11.28%

8 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 Nifty Analysis

Fundamental Outlook
NIFTY WEEKLY PIVOTS
Last week, our Indian Equity market was once again in the mood of sell off as Nifty index lost more than 250 points on weekly PARTICULAR LEVEL
basis. Selling in Indian Equity market was ably supported by Global markets where most of the markets closed in huge red on
R4 11288.00
weekly basis. On Sectorial basis Heavy across-the-board selloff on the NSE led to the sharp fall in the markets. Nifty IT and Pri-
vate Bank indices were the biggest sectorial losers and declined ~2% each. Nifty FMCG and Bank also dropped 1.5% each. Fur-
R3 10913.00
ther, among stocks, Infosys, ITC, TCS, Axis Bank, Kotak Bank, and Yes Bank were the major contributors to the fall on the index.
On the local currency front, the Indian rupee was trading 6 paisa lower at 73.36 against the US dollar on Friday. The domestic R2 10538.00
currency had opened 17 paisa higher at 73.44 against the US greenback vs. Thursday’s close of 73.27.Overall Indian rupee was
remained under pressure last week. Crude oil price remained negative throughout the week. R1 10296.00

PP 10163.00

S1 9921.00

Technical Outlook
S2 9788.00
The Nifty futures started the last week on negative note on Monday and traded with negative sentiments throughout the week.
Index continued to witness extreme volatility last week with the Nifty witnessing wild swings on both sides. The Nifty index S3 9413.00

corrected 273.35 points or more than 2.5% on a weekly basis to give closing on negative note.
S4 9038.00

Continued …....

9 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 Nifty Analysis
Last week bulls somehow managed to defend major support levels of 10000. On weekly charts index has formed strong
bearish candle but there is a bright chance of a relief rally from lower levels. If index crosses 10310 in next week itself then it WEEKLY STRATEGY
can test the levels of 10400 and than 480 from where the selling pressure was aggravated last timeUpside resistance is PARTICULAR DETAILS
placed at 10410 & 10510 levels while support is placed at 10030 levels. On option front, maximum Put open interest (OI)
ACTION BUY
was at 10000 followed by 9800 strike while maximum Call OI was at 10500 followed by 10800 strikes
ENTRY PRICE ABOVE 10310

TARGET 10390

STOP LOSS 10250

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 10310. It can test the level of Rs.
STOCHASTIC POSITIVE
10390 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10250.
Continued …....

10 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 Bank Nifty Analysis
Technical Outlook WEEKLY STRATEGY
The Nifty Bank index started the last week on negative note on Monday and traded with negative sentiment throughout the PARTICULAR DETAILS
week. The Bank Nifty fell 0.89 percent and comparatively remained resilient, but failed to surpass its major hurdle at 25,500
ACTION BUY
levels. Bank nifty is still looking bearish as it has formed a full bearish candle on weekly chart but some relief rally can be
ENTRY PRICE ABOVE 25100
take place in it. If it managed to sustain above the levels of 25100 than it can go further up to 25600 levels, where major
resistance is placed. while Down side support is placed at 24700 levels. TARGET 25600

STOP LOSS 24750

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 27966.65

R3 26915.65

R2 25864.65

R1 25183.30

PP 24813.65

S1 24132.30

S2 23762.65
For this week, traders can adopt buy on lower level strategy in it and above the level of 25100. It can test the level of Rs. S3 22711.65
25600 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 24750.
S4 21660.65

11 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 BAJAJ FINANCE 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 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 lower levels and forming double bottom. If it manages to trade above 2370 levels than further upside move
can be seen in it. In intraday it showed a good positive move. ENTRY PRICE Above 2370

TARGET 2440.00

STOP LOSS 2326.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 3375.50
R3 2996.25

R2 2617.00

R1 2477.95

PP 2237.75

S1 2098.70

S2 1858.50
For this week, traders can adopt buy on lower level strategy in it and above the level of 2370 it can test the level of Rs.
S3 1479.25
2440 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 2326
S4 1100.00

12 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 AJANTA PHARMA 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 ACTION BUY
its major resistance Levels of 1000. On intraday chart it has gave breakout of trend line. If it manages to trade above the
ENTRY PRICE Above 1008
levels of 1008 than further upside move can be seen in it
TARGET 1044.00

STOP LOSS 988.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 1250.80
R3 1161.40

R2 1072.00

R1 1024.70

PP 982.6

S1 935.30

S2 893.20
For this week, traders can adopt buy on lower level strategy in it and above the level of 1008 it can test the level of Rs. S3 803.80
1044 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 988.
S4 714.40

13 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 JUSTDIAL FUTURES( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, JUSTDIAL Nov Futures started the week on positive note and after that it continued the downside trend. It
PARTICULAR DETAILS
made a high of 501.60 during the week and closed 435.35 with the overall loss of 9.20 % on weekly basis. Technically it
made a Pull Back rally from lower levels and also giving trend line breakout. For this week, we can expect upside moves in ACTION BUY

it. ENTRY PRICE ABOVE 453.50

TARGET 483.50

STOP LOSS 449.00

WEEKLY PIVOTS
PARTICULAR LEVEL

R4 701.10

R3 618.00

R2 534.90

R1 485.10

PP 451.80

S1 402.00

S2 368.70

For this week, traders can adopt buy from trend line breakout strategy and above the level of 453.50, it can test the level S3 285.60
of 483.50 during the week. Trades can make buy position in it by maintaining a Stop Loss of 449. S4 202.50

14 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 BPCL FUTURES ( Call of the Week )
Technical Outlook
WEEKLY STRATEGY
Last week, BPCL Nov Futures started the week on negative note and after that it witnessed choppy movement for the en-
PARTICULAR DETAILS
tire week. It made a low of 262.50 during the week and closed 276.55 with the overall loss of 3.20 % on weekly basis. Tech-
ACTION BUY
nically it formed Dragaon Fly Doji and Spining Top pattern which are the good sign of reversal and for this week, we can
expect upside movement in it. ENTRY PRICE ABOVE 280

TARGET 289.00

STOP LOSS 276.00

WEEKLY PIVOTS
PARTICULAR LEVEL
R4 353.30

R3 327.25
R2 301.20

R1 288.90

PP 275.15

S1 262.85

S2 249.10
For this week, traders can buy on lower level strategy in it and above the level of 280 it can test the level of 289 during the
S3 223.05
week. Trades can make buy position in it by maintaining a Stop Loss of 276.
S4 197.00

15 Copyright © 2018 Ways2Capital. All rights reserved 30/10/2018

 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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