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HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.


Market Wrap-Up MCX Market Wrap-Up Commodity

Contract

Previous Close

Open

High

Low

Close

% Change in Price

% Change in Open Interest

% Change in Volume

Aluminium

28-Sep-18

150.10

149.35

150.40

145.30

147.20

-1.93%

-4.61%

-33.68%

Copper

30-Nov-18

423.80

422.50

429.40

414.30

422.60

-0.28%

-33.06%

-16.58%

Crude Oil

19-Sep-18

4,959

4,941

5,114

4,808

4,883

-1.53%

24.05%

-8.73%

Gold

05-Oct-18

30129

30100

30700

30070

30494

1.21%

-11.06%

13.89%

Lead

28-Sep-18

147.55

147.55

151.65

145.6

148.25

0.47%

25.48%

-23.48%

Natural Gas

25-Sep-18

206.9

202.2

206.2

198.7

200.7

-3.00%

1.56%

-19.25%

Nickel

28-Sep-18

909.3

907.9

914

879.6

888.7

-2.27%

-20.62%

-6.22%

Silver

05-Dec-18

37482

37450

37650

36641

37167

-0.84%

-48.57%

-0.01%

Zinc

28-Sep-18

176.10

175.25

178.85

172.70

173.85

-1.28%

8.55%

-1.99%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

Close

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

16-Oct-18

4735.00

4730.00

4836.00

4705.00

4718.00

-0.36%

-30.19%

10.05%

Chana

16-Oct-18

3969.00

3954.00

4080.00

3907.00

3980.00

0.28%

-24.58%

-8.13%

Dhaniya

16-Oct-18

5055.00

5040.00

5421.00

5037.00

5218.00

3.22%

221.30%

82.64%

COCUDAKL

20-Dec-18

1695.50

1685.00

1754.00

1676.00

1715.00

1.15%

-31.78%

-64.17%

Guargum5

16-Oct-18

9535.00

9540.00

9770.00

9280.00

9385.00

-1.57%

-44.88%

1.56%

Guarseed10

16-Oct-18

4408.50

4410.00

4468.50

4280.00

4321.00

-1.98%

-43.97%

-2.77%

Jeera

16-Oct-18

19545.00 19500.00

19880.00 19335.00 19430.00

-0.59%

79.08%

4.15%

RMseed

16-Oct-18

4070.00

4076.00

4168.00

4049.00

4146.00

1.87%

115.65%

-28.82%

Ref Soya Oil

16-Oct-18

739.75

741.20

752.90

740.50

743.50

0.51%

6.28%

9.48%

Soyabean

16-Oct-18

3222.00

3249.00

3326.00

3224.00

3238.00

0.50%

33.58%

9.96%

Turmeric

16-Oct-18

6868.00

6870.00

6870.00

6594.00

6620.00

-3.61%

142.46%

-2.29%

Mentha Oil

28-Sep-18

1812.40

1790.00

1800.50

1656.10

1744.70

-3.74%

-2.85%

-27.70%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Close

Change in Price (in%)

USDINR

26-Sep-18

71.1875

71.0975

72.2875

70.9025

71.8575

0.94%

GBPINR

26-Sep-18

92.5525

92.3400

93.6050

91.6125

93.4700

0.99%

JPYINR

26-Sep-18

64.2800

64.0000

65.3350

63.9800

64.8575

0.90%

EURINR

26-Sep-18

83.0550

82.6000

84.1425

82.3475

83.5800

0.63%

Currency Pair

Continued…….

2

Copyright © 2018 Ways2Capital. All rights reserved

11/09/2018


Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

Close

% Change in Price

LME

2119.75

2117.50

2123.50

2035.25

2060.25

-2.81%

Copper

COMEX

2.663

2.648

2.654

2.564

2.603

-2.25%

Crude Oil

NYMEX

69.91

69.89

71.40

66.86

67.75

-3.09%

Gold

COMEX

1206.90

1199.30

1202.00

1189.90

1193.60

-1.10%

Lead

LME

2088.25

2083.00

2130.75

2025.75

2059.75

-1.36%

NYMEX

2.921

2.900

2.904

2.759

2.776

-4.96%

Nickel

LME

12815.00

12800.00

12855.00

12227.50

12335.50

-3.74%

Silver

COMEX

14.575

14.450

14.450

13.960

14.067

-3.49%

Zinc

LME

2461.50

2464.50

2482.50

2393.25

2403.70

-2.35%

Commodity Aluminium

Natural Gas

3

Copyright © 2018 Ways2Capital. All rights reserved

11/09/2018


Inventory Updates LME Inventory Closing (As on 7th Sep 18) In tones

Closing (As on 31st Aug 18) in tones

% Change in Price

Aluminium

1062700

1073050

-0.96%

Copper

254350

266450

-4.54%

Lead

121625

126225

-3.64%

Nickel

236706

240678

-1.65%

Zinc

235650

243825

-3.35%

Commodity

Continued…….

4

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11/09/2018


Inventory Updates

5

Copyright © 2018 Ways2Capital. All rights reserved

11/09/2018


Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Previous

Monday, September 10, 2018 7:00

CNY

CPI (MoM) (Aug)

0.50%

0.30%

7:00

CNY

PPI (YoY) (Aug)

4.00%

4.60%

14:00

GBP

GDP (MoM)

0.20%

0.10%

14:00

GBP

Industrial Production (MoM) (Jul)

0.20%

0.40%

14:00

GBP

Trade Balance Non-EU (Jul)

-3.30B

-2.86B

Tentative

USD

OPEC Meeting

-

-

Tentative

GBP

NIESR GDP Estimate

18:30

GBP

NIESR Monthly GDP Tracker

0.60% 0.70%

0.50%

Tuesday, September 11, 2018 14:00

GBP

Claimant Count Change (Aug)

10.0K

6.2K

14:00

GBP

Employment Change 3M/3M (MoM)

27.0K

42.0K

14:00

GBP

Unemployment Rate (Jul)

4.00%

4.00%

Wednesday, September 12, 2018 16:50

USD

OPEC Monthly Report

-

-

18:00

USD

Core PPI (MoM) (Aug)

0.20%

0.10%

18:00

USD

PPI (MoM) (Aug)

0.20%

0.00%

20:00

USD

Crude Oil Inventories

-1.294M

-4.302M

21:30

USD

WASDE Report 0

0

Thursday, September 13, 2018 16:30

GBP

BoE MPC vote cut (Sep)

16:30

GBP

BoE Interest Rate Decision (Sep)

0.75%

0.75%

18:00

USD

Core CPI (MoM) (Aug)

0.20%

0.20%

18:00

USD

Core CPI (YoY) (Aug)

2.40%

2.40%

18:00

USD

CPI (MoM) (Aug)

0.30%

0.20%

23:30

USD

Federal Budget Balance (Aug)

-156.5B

-77.0B

6.20%

6.00%

Friday, September 14, 2018 7:30

CNY

Industrial Production (YoY) (Aug)

7:30

CNY

Chinese Unemployment Rate

-

5.10%

18:00

USD

Core Retail Sales (MoM) (Aug)

0.50%

0.60%

18:00

USD

Import Price Index (MoM) (Aug)

-0.20%

0.00%

18:00

USD

Retail Sales (MoM) (Aug)

0.40%

0.50%

18:45

USD

Industrial Production (MoM) (Aug)

0.30%

0.10%

19:30

USD

Business Inventories (MoM) (Jul)

0.60%

0.10%

Currency Weekly Pivots Currency Pair

Contract

R3

R2

R1

PP

S1

S2

S3

USDINR

26-Sep-18

74.4500

73.1000

72.5000

71.7000

71.1000

70.3000

68.9500

GBPINR

26-Sep-18

96.9000

94.9000

94.2000

92.9000

92.2000

90.9000

88.9000

JPYINR

26-Sep-18

67.4000

66.0500

65.4000

64.7000

64.0500

63.3500

62.0000

EURINR

26-Sep-18

86.9500

85.1500

84.3500

83.3500

82.5500

81.5500

79.7500 Continued…….

6

Copyright © 2018 Ways2Capital. All rights reserved

11/09/2018


Market Next Week MCX Weekly Pivots Commodity

Contract

R3

R2

R1

PP

S1

S2

S3

Aluminium

28-Sep-18

157.85

152.75

150.00

147.65

144.90

142.55

137.45

Copper

30-Nov-18

452.30

437.20

429.90

422.10

414.80

407.00

391.90

Crude Oil

19-Sep-18

5547

5241

5062

4935

4756

4629

4323

Gold

05-Oct-18

31681

31051

30773

30421

30143

29791

29161

Lead

28-Sep-18

160.60

154.55

151.40

148.50

145.35

142.45

136.40

Natural Gas

25-Sep-18

216.85

209.35

205.00

201.85

197.50

194.35

186.85

Nickel

28-Sep-18

962.90

928.50

908.60

894.10

874.20

859.70

825.30

Silver

05-Dec-18

39171

38162

37664

37153

36655

36144

35135

Zinc

28-Sep-18

187.45

181.30

177.60

175.15

171.45

169.00

162.85

NCDEX Weekly Pivots Commodity

Contract

R3

R2

R1

PP

S1

S2

S3

Castor Seed

16-Oct-18

5015

4884

4801

4753

4670

4622

4491

Chana

16-Oct-18

4335

4162

4071

3989

3898

3816

3643

Dhaniya

16-Oct-18

5993

5609

5414

5225

5030

4841

4457

COCUDAKL

20-Dec-18

1871.00

1793.00

1754.00

1715.00

1676.00

1637.00

1559.00

Guargum5

16-Oct-18

10458

9968

9677

9478

9187

8988

8498

Guarseed10

16-Oct-18

4733.50

4545.00

4433.00

4356.50

4244.50

4168.00

3979.50

Jeera

16-Oct-18

20638.35

20093.35

19761.70

19548.35

19216.70

19003.35

18458.35

RMseed

16-Oct-18

4359

4240

4193

4121

4074

4002

3883

Ref Soya Oil

16-Oct-18

770.45

758.05

750.80

745.65

738.40

733.25

720.85

Soyabean

16-Oct-18

3467

3365

3301

3263

3199

3161

3059

Turmeric

16-Oct-18

7247

6971

6795

6695

6519

6419

6143

Mentha Oil

28-Sep-18

2022.6

1878.2

1811.4

1733.8

1667.0

1589.4

1445.0

7

Copyright © 2018 Ways2Capital. All rights reserved

11/09/2018


MCX Fundamentals BULLION Gold held on to a small loss from the previous session on Monday amid expectations of a U.S. Federal Reserve interest rate hike in September and fears of escalating trade tensions between the United States and China U.S. jobs growth accelerated in August with wages notching their largest annual increase in nine years strengthening views the economy was so far weathering the Trump administration escalating trade war with China. The stronger than expected payrolls data cemented expectations that the U.S. Fed will raise interest rates in September in what would be its third hike this year.

BASE METALS London copper was trading steady on Monday morning after it registered its second weekly loss as an intensifying trade war between the United States and top metals consumer China raised concerns over demand. For the week LME and Shanghai copper are down 1.7 percent U.S. President Donald Trump has said he is prepared to quickly ramp up the trade war with China and has told aides he is ready to impose fresh tariffs on $200 billion worth of Chinese imports as soon as a public comment period on the plan ends.

ENERGY Oil prices rose on Monday as US drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November. US energy companies cut two oil rigs last week bringing the total count to 860 energy services firm Baker Hughes said on Friday. The Energy Information Administration released its report on US natural gas stockpiles, showing a buildup of 63 billion cubic feet in the week ending August 31, adding to 70 billion in the previous week, while analysts expected a 60 billion increase.

8

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11/09/2018


NCDEX Fundamentals SPICES Jeera traded sideways with no strong movement noted as Oct Jeer failed to maintain above resistance levels. Low trading activities in mandis kept trend sideways for Jeer. Due to better crop expectations traders expect lower levels and firm Dollar could enhance export demand and support prices in coming sessions.Trend remained weak for Turmeric as good sowing reports kept sentiments negative. Even as technical is still not very strongly positive there are expectations of demand on the domestic and export front picking up with harvesting still time away.

OILSEEDS Fresh buying interest in spot markets (at lower rates) turned positive for the futures market and in coming sessions markets may look to recover soon as demand is expected to pick up in mandis amidst falling arrivals as new crop arrivals get over. Soya oil failed to trade with a positive bias during evening session as global markets started trading on subdued note. However there wasn’t any key bearish news. The edible oil market in recent months had maintained a cautious stance over the start of the China U.S.

GUAR COMPLEX Guar failed to maintain the higher levels as profit booking set in by the end of the week. Recent moderate rains in Rajasthan limited the uptrend. However as the bearish impact of rains gradually get over with prices on the lower side and sowing period too nearing end, fall in prices may be limited from the monsoon factor.

OTHERS RM seed ended the week with strong gains. As understood from market talks that selling intentions are poor and at prevailing lower ratesmandi sellers are avoiding negotiations for fresh deals. This shall tend to keep futures prices supported at every dip.Reviewing the current fundamentals ongoing trade war between US and China will be seen as a positive news for domestic soy meal export prospects in coming weeks/months. The recent import duty hike on edible oils and expected significant rise in MSP for Kharif crops shall continue supporting futures market in near term. 9

Copyright Š 2018 Ways2Capital. All rights reserved

11/09/2018


Calls of the Week (MCX) ZINC Zinc continuously trading above the support level of 170 and recently broken its downtrend channel on upper side. Last week Lead made a high of 178.85 and closed at 173.85 with overall marginal loss of 1.28% on weekly basis. For this week, if it breaks the level of 175 on the upper side then it can test the level of 182 during the week. One can make buy position in it by maintaining a SL at 174.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 175

Target

182

SL

174

GOLD From last couple of trading weeks Gold is trading with positive sentiment and we are expecting that market can continue the same trend for this week also. Last week Gold made a high of 30700 and closed at 30494 with overall marginal gain of 1.21% on weekly basis. On its daily chart Gold broken its resistance trend line and sustaining above it indicating positive movement in it. For this week, if it breaks the level of 30650 on the upper side then it can test the level of 30950 during the week. One can make buy position in it by maintaining a SL at 30578.

WEEKLY STRATEGY PARTICULAR

Action Entry Range

10

Copyright Š 2018 Ways2Capital. All rights reserved

DETAILS

Buy Above 30650

Target

30950

SL

30578

11/09/2018


Calls of the Week (NCDEX) CASTOR From last couple of trading days Castor is trading with negative sentiment and we are expecting that market can continue the same trend for this week also. Last week Castor made a low of 4705 and closed at 4718 with overall marginal loss of 0.36% on weekly basis. On its daily chart Castor is forming lower lows and lower highs formation indicating selling pressure in it. For this week, if it breaks the level of 4700 on the lower side then it can test the level of 4572 during the week. One can make sell position in it by maintaining a SL at 4782.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 4700

Target

4572

SL

4782

COKUDAKL From last couple of trading weeks COCUDAKL is trading in range and making lower highs on its daily chart. . Last week COCUDAKL made a high of 1754 and closed at 1715 with overall marginal gain of 1.15% on weekly basis. On its daily chart COCUDAKL is trading at support level of 1700 with negative RSI and we are expecting negative movement in it. For this week, if it breaks the level of 1700 on the lower side then it can test the level of 1550 during the week. One can make sell position in it by maintaining a SL at 1755.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

11

Copyright Š 2018 Ways2Capital. All rights reserved

DETAILS

Sell

Below 1700

Target

1550

SL

1755

11/09/2018


Calls of the Week (FOREX) JPYINR Last week JPYINR made a high of 65.3350 and closed at 64.8575 with overall marginal gain of 0.90% on weekly basis. The secondary trend of JPYINR is bearish on chart and market is continuously resist by the Bollinger band upper band indicating correction from intra day to mid term basis. For this week, if it breaks the level of 65.0900 on the lower side then it can test the level of 64.5125 during the week. One can make sell position in it by maintaining a SL at 65.4125.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 65.0900

Target

64.5125

SL

65.4125

USDINR USDINR continuously trading above the major resistance level of 72.0000 and recently broken its bullish flag pattern and sustaining above it indicating short term positive movement in it. Last week USDINR made a high of 72.2875 and closed at 71.8575 with overall marginal gain of 0.98% on weekly basis. For this week, if it breaks the level of 72.8300 on the upper side then it can test the level of 73.3500 during the week. One can make buy position in it by maintaining a SL at 72.4800.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

12

Copyright Š 2018 Ways2Capital. All rights reserved

DETAILS

Buy

Above 72.8300

Target

73.3500

SL

72.4800

11/09/2018


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 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. 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 accept 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) (स)

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; 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

13

ववषम कंऩनी के अधधकायी, ननदे शक मा कभाचायी के रूऩ भें कबी बी काभ

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11/09/2018

Commodity Research Report 12 September 2018 Ways2Capital  

Gold held on to a small loss from the previous session on Monday amid expecta-tions of a U.S. Federal Reserve interest rate hike in Septembe...

Commodity Research Report 12 September 2018 Ways2Capital  

Gold held on to a small loss from the previous session on Monday amid expecta-tions of a U.S. Federal Reserve interest rate hike in Septembe...

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