HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

Market Wrap-Up

MCX Market Wrap-Up

% Change in
Previous % Change in % Change
Commodity Contract Open High Low Close Open Inter-
Close Price in Volume
est
Aluminium 29-Mar-19 149.40 148.90 148.90 143.60 144.55 -3.25% -20.40% -20.10%

Copper 30-Apr-19 462.65 462.00 462.65 447.20 450.15 -2.70% -17.01% -18.56%

Crude Oil 19-Mar-19 3,973 3,990 4,050 3,823 3,886 -2.19% -5.34% 9.03%

Gold 05-Apr-19 32640 32550 32550 31777 32167 -1.45% -16.32% -3.46%

Lead 29-Mar-19 152.1 151.50 151.50 145.65 145.9 -4.08% -32.37% 20.70%

Natural Gas 26-Mar-19 202.90 202.90 205.50 197.50 201.20 -0.84% -25.37% 2.02%

Nickel 29-Mar-19 935.20 939.70 969.00 912.30 914.20 -2.25% -19.67% 15.69%

Silver 03-May-19 38301 38199 38799 37701 38728 1.11% -12.92% -3.67%

Zinc 29-Mar-19 199.60 198.00 198.75 189.15 191.45 -4.08% -6.25% -10.46%

NCDEX Market Wrap-Up

Previous % Change % Change in % Change
Commodity Contract Open High Low Close
Close in Price Open Interest in Volume

Castor Seed 19-Mar-19 5248.00 5242.00 5308.00 5136.00 5308.00 1.14% 177.22% 1.77%

Chana 19-Mar-19 4116.00 4116.00 4167.00 4085.00 4114.00 -0.05% 32.31% 6.86%

Dhaniya 16-Apr-19 6201.00 6200.00 6460.00 6150.00 6420.00 3.53% 84.77% -3.26%

COCUDAKL 19-Mar-19 1937.00 1938.00 1981.50 1938.00 1957.50 1.06% 45.59% 2.51%

Guargum5 18-Jan-19 8375.00 8385.00 8648.00 8265.00 8619.00 2.91% 251.37% -6.78%

Guarseed10 18-Jan-19 4225.00 4240.00 4319.00 4181.00 4319.00 2.22% 141.06% -5.02%

Jeera 19-Mar-19 15565.00 15600.00 15715.00 15365.00 15715.00 0.96% 163.48% -4.09%

RMseed 16-Apr-19 3842.00 3832.00 3869.00 3802.00 3846.00 0.10% 35.53% 9.30%

Ref Soya Oil 19-Mar-19 762.70 762.50 767.50 758.10 762.20 -0.07% 34.51% -0.92%

Soyabean 19-Mar-19 3649.00 3640.00 3718.00 3640.00 3661.00 0.33% 0.42% -4.85%

Turmeric 16-Apr-19 6314.00 6322.00 6458.00 6320.00 6400.00 1.36% -32.37% 0.07%

Mentha Oil 29-Mar-19 1611.50 1611.50 1644.00 1587.60 1633.00 1.33% 33.34% 14.29%
Currency Market Wrap-Up
Previous Change in
Currency Pair Contract Open High Low Close
Close Price (in%)
USDINR 27-Mar-19 71.1300 71.1700 71.1700 69.9500 70.2900 -1.18%

GBPINR 27-Mar-19 94.3000 94.3800 94.3800 91.7100 92.0800 -2.35%

JPYINR 27-Mar-19 63.7200 63.7800 63.7800 62.8800 63.3400 -0.60%

EURINR 27-Mar-19 81.0800 81.1700 81.1700 78.5600 79.0000 -2.57%

Continued…….
2 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019
Market Wrap-Up

International Market Wrap-up

Previous
Commodity Exchange Open High Low Close % Change in Price
Close
Aluminium LME 1900.75 1850.25 1900.75 1836.25 1845.25 -2.92%
Copper COMEX 2.926 2.933 2.950 2.877 2.894 -1.09%

Crude Oil NYMEX 55.77 55.83 57.19 54.52 56.07 0.54%

Gold COMEX 1294.45 1294.40 1301.30 1280.80 1299.30 0.37%

Lead LME 2137.50 2139.25 2152.75 2082.75 2089.75 -2.23%

Natural Gas NYMEX 2.849 2.845 2.896 2.812 2.865 0.56%

Nickel LME 13172.50 13217.50 13757.50 13060.00 13082.50 -0.68%

Silver COMEX 15.155 15.225 15.385 14.985 15.349 1.28%

Zinc LME 2777.750 2783.50 2803.75 2684.50 2717.250 -2.18%

3 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019

Inventory Updates

LME Inventory
Closing (As on 8th Mar 19) Closing (As on 1st Mar 19)
Commodity % Change in Price
In tones in tones

Aluminium 1229000 1219700 0.76%

Copper 120075 128475 -6.54%

Lead 76675 77050 -0.49%

Nickel 194622 106932 82.01%

Zinc 61000 65100 -6.30%

Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019
Inventory Updates

5 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019

Market Next Week
Upcoming Economic Events Calender
Time Currency Event Forecast Previous

Monday, March 11, 2019

4:30 USD Fed Chair Powell Speaks - -

18:00 USD Core Retail Sales (MoM) (Jan) 0.40% -1.80%

18:00 USD Retail Sales (MoM) (Jan) 0.00% -1.20%

Tuesday, March 12, 2019

4:30 USD Fed Chair Powell Speaks - -

15:00 GBP GDP (MoM) - -0.40%

15:00 GBP Manufacturing Production (MoM) (Jan) 0.20% -0.70%

15:00 GBP Monthly GDP 3M/3M Change 0.20% 0.40%

18:00 USD Core CPI (MoM) (Feb) 0.20% 0.20%

Tentative GBP UK Parliament vote on Brexit deal - -

Wednesday, March 13, 2019

Tentative GBP UK Parliament vote on No Brexit Deal - -

Tentative GBP Annual Budget Release - -

18:00 GBP Spring Forecast Statement - -

18:00 USD Core Durable Goods Orders (MoM) (Jan) 0.10% 0.10%

18:00 USD PPI (MoM) (Feb) 0.20% -0.10%

20:00 USD Crude Oil Inventories 1.203M 7.069M

Thursday, March 14, 2019

7:30 CNY Industrial Production (YoY) (Jan) 5.50% 5.70%

19:30 USD New Home Sales (Jan) 622K 621K

Friday, March 15, 2019

19:30 USD JOLTs Job Openings (Jan) 7.220M 7.335M

Currency Weekly Pivots

Currency Pair Contract R3 R2 R1 PP S1 S2 S3
USDINR 27-Mar-18 72.9500 71.7000 71.0000 70.4700 69.7500 69.2500 68.0000
GBPINR 27-Mar-18 98.1000 95.4000 93.7500 92.7233 91.0500 90.0500 87.3500
JPYINR 27-Mar-18 65.1500 64.2500 63.8000 63.3333 62.8500 62.4000 61.5000
EURINR 27-Mar-18 84.8000 82.2000 80.6000 79.5767 77.9500 76.9500 74.3500
Continued…….
6 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019
Market Next Week

MCX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Aluminium 29-Mar-19 156.30 151.00 147.80 145.68 142.45 140.35 135.05

Copper 30-Apr-19 484.25 468.80 459.50 453.33 444.00 437.85 422.40

Crude Oil 19-Mar-19 4374 4147 4016 3920 3789 3693 3466

Gold 05-Apr-19 33711 32938 32552 32165 31779 31392 30619

Lead 29-Mar-19 159.40 153.55 149.75 147.68 143.85 141.80 135.95

Natural Gas 26-Mar-19 217.40 209.40 205.30 201.40 197.30 193.40 185.40

Nickel 29-Mar-19 1045.25 988.55 951.40 931.83 894.65 875.10 818.40

Silver 03-May-19 40605 39507 39118 38409 38020 37311 36213

Zinc 29-Mar-19 212.35 202.75 197.10 193.12 187.45 183.50 173.90

NCDEX Weekly Pivots

Commodity Contract R3 R2 R1 PP S1 S2 S3

Castor Seed 19-Mar-19 5595 5423 5365 5251 5193 5079 4907

Chana 19-Mar-19 4286 4204 4159 4122 4077 4040 3958

Dhaniya 16-Apr-19 6963 6653 6537 6343 6227 6033 5723

COCUDAKL 19-Mar-19 2046.00 2002.50 1980.00 1959.00 1936.50 1915.50 1872.00

Guargum5 16-Apr-19 9791 9219 8907 8647 8335 8075 7503

Guarseed10 16-Apr-19 4816.70 4570.70 4439.35 4324.67 4193.30 4078.65 3832.65

Jeera 19-Mar-19 16298 15948 15832 15598 15482 15248 14898

RMseed 16-Apr-19 3987 3918 3880 3849 3811 3780 3711

Ref Soya Oil 19-Mar-19 781.40 772.00 767.10 762.60 757.70 753.20 743.80

Soyabean 19-Mar-19 3829 3751 3706 3673 3628 3595 3517

Turmeric 16-Apr-19 6669 6531 6465 6393 6327 6255 6117

Mentha Oil 29-Mar-19 1734.4 1678.0 1655.5 1621.5 1599.1 1565.1 1508.7

7 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019

MCX Fundamentals

BULLION

Gold in the European market settled on Monday near the highest in a week sup-
ported by the decline of the US dollar against a basket of currencies and thanks to
this decline prices on Friday gained the biggest daily profit in the last three
weeks.Gold prices rose 1.0% on Friday the first gain in three days with the biggest
daily gain in three weeks and the highest in a week at $1,300.73 an ounce based on
the decline of the dollar after disappointing job data in the United States..

BASE METALS

Copper stabilized during the day as the dollar steadied against most major curren-
cies and upon the outcome of trade negotiations between the USA and China. Al-
though there have been positive developments in the trade talks between Washing-
ton and Beijing, markets are still waiting for any concrete results for a trade deal or
agreement.

ENERGY

Oil prices rose in the European market on Monday to bounce from the lowest
level in three registered weeks on Friday this rise comes after the Saudi state-
ments about the exclusion of stops OPEC cuts before June comes, in addition to
the decline in drilling and exploration rigs in the United States for the third con-
secutive week.

8 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019

NCDEX Fundamentals

SPICES
Technically Jeera market is under short covering as market has witnessed drop
in open interest by 0.15% to settled at 4062 while prices up 75 rupees. Now
NCDEX Jeera is getting support at 15237 and below same could see a test of
15153 level, And resistance is now likely to be seen at 15377, a move above
could see prices testing 15433.

OILSEEDS
Technically Ref. Soya Oil market is under fresh buying as market has wit-
nessed gain in open interest by 5.45% to settled at 47190 while prices up 1.25
rupees. Now NCDEX Ref. Soya Oil is getting support at 738 and below same
could see a test of 735 level And resistance is now likely to be seen at 744, a
move above could see prices testing 747.

GUAR COMPLEX
A demand spurt from millers and exporters and a simultaneous supply deficit
are likely to firm up Guar futures in the short term analysts and traders said.
Supply of Guar in man dis is short but demand from exporters is still there and
likely to continue in the coming months. Guar prices have started rising and are
expected to remain firm said Damodar Prasad Saraswat a trader from the Jodh-
pur man dis in Rajasthan.

OTHERS

Technically Mustard Seed market is under short covering as market has wit-
nessed drop in open interest by 9.18% to settled at 20180 while prices up 22
rupees.Now NCDEX Mustard Seed is getting support at 3818 and below same
could see a test of 3789 level And resistance is now likely to be seen at 3872
a move above could see prices testing 3897.Technically Turmeric market is
under short covering as market has witnessed drop in open interest by -
2.11% to settled at 10230 while prices up 70 rupees.

9 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019

Calls of the Week (MCX)
CRUDEOIL

Last week, CRUDEOIL MAR Futures started the week on positive note but it failed to maintain it and all the gain were
erase. It made a low of 3823 during the week and closed at 3886 with the overall lose of 2.15% on weekly ba-
sis .Technically it is consolidating and given trendline breakout on daily chart. For this week, Traders can adopt selling
on the basis of trendline breakout strategy and below the level of 3820 it can test the level of 3700 during the
week .Traders can make sell position in it by maintaining a stop loss of 3890.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 3820

Target 3700

SL 3890

LEAD

Last week, LEAD MAR Futures started the week on negative note and countinue the same .It made a low of 145.65 dur-
ing the week and closed at 145.90 with the overall lose of 4.07% on weekly basis.Technically it given pullback on daily
chart and also given pullback from 61.80% of fibonacci retracement. For this week, Traders can adopt buying on the
basis of technical pattern and above the level of 148.10 it can test the level of 150.50 during the week.Traders can
make buy position in it by maintaining a stop loss of 146.70

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 148.10

Target 150.50

SL 146.70

10 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019

Calls of the Week (NCDEX)
SOYABEAN
Overall trend of the commodity is sideways for long term . For short term it is bearish phase. Last week, it started on
negative note and showed bearish movement throughout the week . On daily chart it is trading below its major sup-
port levels 3700. In intraday it has showed god selling from higher levels. If it manages to sustain below the levels of
3700 than further downside move can be seen in it.
For this week, traders can adopt sell on higher level strategy in it and below the level of 3685 it can test the level of Rs.
3565 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs.3755.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 3685

Target 3565

SL 3755

GUARSEED
Overall trend of the commodity is sideways for long term . For short term it is bullish phase. Last week, it started on
positive note and showed bullish movement throughout the week . On daily chart it has formed double bottom price
pattern and trading above its major resistance levels 4300. If it manages to sustain above the levels of 4365 than fur-
ther upside move can be seen in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 4365 it can test the level of Rs.
4485 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.4295.

WEEKLY STRATEGY

PARTICULAR DETAILS

Action Buy

Entry Range Above 4365

Target 4485

SL 4295

11 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019

Calls of the Week (FOREX)
JPYINR
Last week, JPYINR Mar Futures started the week on negative note and continued the same for the entire week. It
made a low of 62.8775 during the week and closed at 63.3150 with the overall loss of 0.63% on weekly basis. Techni-
cally it’s sustaining near to the major psychological support level of 63.0000 with the negative RSI and for this week,
we can expect further downside movement in it. For this week, Traders can adopt selling on the basis of support level
breakout strategy in it and below the level of 63.1500 it can test the level of 62.7525 during the week. Traders can
make sell position in it by maintaining a stop loss of 63.4525
WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 63.1500

Target 62.7525

SL 63.4525

GBPINR
Last week, GBPINR Mar Futures started the week on negative note and continued the same for the entire week. It
made a low of 91.7050 during the week and closed at 92.0250 with the overall loss of 2.41% on weekly basis. Techni-
cally it’s in sharp bearish trend and also broke the major support level of 91.50 during the week. For this week, we can
further downside movement in it. For this week, Traders can adopt selling on the basis of support level breakout strat-
egy in it and below the level of 91.0500 it can test the level of 90.5525 during the week. Traders can make sell position
in it by maintaining a stop loss of 91.4050.
WEEKLY STRATEGY

PARTICULAR DETAILS

Action Sell

Entry Range Below 70.8800

Target 70.4125

SL 71.2225

12 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019

Disclaimer
LEGAL DISCLAIMER (कानन
ू ी अस्वीकयण) :
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 assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended
recipient only.
मह दस्तावेज़ Ways2Capital (हाई ब्रो भाकेट अनुसध
ं ान ननवेश सराहकाय प्राइवेट लरलभटे ड का एक बाग) द्वाया तैमाय ककमा गमा है | महां ऩय दी गई जानकायी, ववश्रेषण औय अनुभान Ways2Capital इक्ववटी / कभोडडटी अनुसध
ं ान
के भूलमांकन ऩय आधारयत हैं औय ववश्वसनीम स्रोतों से प्राप्त की गई है | मह दस्तावेज़ केवर इक्छित प्राप्तकताा के उऩमोग के लरए 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 informa-
tion, 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.
मह दस्तावेज़, सवोत्तभ रूऩ से, Ways2Capital इक्ववटी / कभोडडटीज अनुसंधान का प्रनतननधधत्व कयता है औय साभान्म जानकायी के लरए ही है | Ways2Capital इक्ववटी / कभोडडटीज अनुसंधान, इसके ननदे शकों,
अधधकायी मा कभाचायी ककसी बी तयह से संफधं धत साभग्री के लरए क्जम्भेदाय नहीं है। | Ways2Capital इक्ववटी / कभोडडटीज अनुसंधान ककसी बी औय सबी उत्तयदानमत्वों को स्ऩष्ट रूऩ से अस्वीकाय कयता है जो इस
संफंध भें सूचना, त्रुटटमों मा चूक से ऩैदा हो सकता है| इस दस्तावेज को ककसी बी प्रनतबूनत मा वस्तु को खयीदने के लरए फेचने मा एक आग्रह के लरए प्रस्ताव के रूऩ भें नहीं भाना 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 ac-
cept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices.
उऩयोवत सबी सूचना, स्तय औय सुझाव, Ways2Capital के ववशेषऻ के ऩैनर द्वाया ककए गए तकनीकी औय भौलरक अनुसध
ं ान के आधाय ऩय दी गई हैं, रेककन हभ टदए गए सुझावों की त्रुटटमों के लरए कोई दानमत्व स्वीकाय
नहीं कयते हैं | वेफसाइट के भाध्मभ से सकपिंग कयने वारे रोगों को अऩनी ऩसंद के उत्ऩाद सेवाओं को चुनने का अधधकाय 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.
इक्ववटी / कभोडडटी फाजाय भें कोई बी ननवेश जोखखभ के अधीन होता है, कंऩनी इन सुझावों ऩय ककए गए ककसी बी नुकसान के लरए उत्तयदामी नहीं होगी | मह स्तय बववष्म के कीभतों की गनत का संकेत नहीं दे ते
है| वेफसाइट के भाध्मभ से ककसी बी ब्राउक्ज़ंग का अथा है अस्वीकयण की स्वीकृनत।

DISCLOSURE (प्रकटीकयण) :
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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी कंऩननमां अनुसंधान रयऩोटा भें शालभर कंऩननमों के साथ कायोफाय नहीं कयती हैं औय न ही ककसी बी तयह के उत्ऩादों / प्रनतबूनतमों के
जायीकताा के साथ जुडी हैं, जो मह सुननक्श्चत कयता है कक टहतों के लरए कोई वास्तववक मा संबाववत संघषा नहीं है | ननमाभक ननकाम के अनुऩारन को सुननक्श्चत कयने के लरए हभने मह तम ककमा है कक कंऩनी
औय उसके कोई बी प्रनतननधध फाज़ाय भें ट्रे ड नहीं कयें गे।
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.
ग्राहकों को मह सराह दी जाती है कक वे रयऩोटा भें दी गई जानकायी को केवर याम के रूऩ भें दे खें औय ननवेश के लरए स्वमं पैसरा कयें | ग्राहकों को वेफसाइट ऩय प्रकालशत सेवाओं के ननमभों औय शतों को ऩढ़ने औय
सभझने की बी सराह दी जाती है | कंऩनी के ननगभन के फाद ननमाभक ननकाम द्वायाकंऩनी के खखराप कोई भुकदभा (माधचका) दामय नहीं ककमा गमा है।

DISCLOSURE APPENDIX (प्रकटीकयण ऩरयलशष्ट ) :

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.
रयऩोटा ववश्रेषकों द्वाया तैमाय की गमी है जो द्वाया हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कंऩनी के फाये भें व्मक्वतगत ववचायों को
दशााता है औय कंऩननमों औय उनकी प्रनतबूनतमां औय ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत नहीं होगा।

DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (टहतों के संघषा के भाभरे भें प्रकटीकयण ):

(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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत की
प्रकृनत है|
(b) 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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदे भंद
स्वालभत्व नहीं हैं |
(c) 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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं है |

DISCLOSURE IN TERMS OF COMPENSATION ( ऺनतऩनू ता के संदबा भें प्रकटीकयण):

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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कंऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है।
ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड के वेतन आधारयत स्थामी कभाचायी है |

DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के भाभरे भें प्रकटीकयण ) :

(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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने वऩिरे 12 भहीनों भें ववषम कंऩनी से कोई भुआवजा प्राप्त नहीं ककमा 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 रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कंऩनी अफ मा कबी बी ग्राहक नहीं यही 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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने ववषम कंऩनी के अधधकायी, ननदे शक मा कभाचायी के रूऩ भें कबी बी काभ

13 Copyright © 2018 Ways2Capital. All rights reserved 12/03/2019