News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*Indian Equities Pre Open Update* 

 

 

Flat opening expected to be seen for Indian equities on back of the mixed cues from Asian peers. 

 

 

*Global Peers Update:* Asian markets are trading with flat note ahead of the important data of nonfarm payrolls from United States. A late rally helped the S&P 500 snap a four-session losing skid on Thursday with investor focus turning to a key report on the labor market on Friday. 

 

*Sectors to Watch:* Selective Banks, Technology, Construction, Defense and Oil downstream stocks likely to remain on focus from lower levels during the day. 

  

*SGX NIFTY Price* 17566.0 *Change:* -2.5 Points, Percent Change: -0.01% 

 

*Technical Levels: Nifty Near Future* 

 

*Support*: 17482.0/17395.0 

*Resistance*: 17677.0/17735.0 

 

*Technical Levels: Bank Nifty Near Future* 

      

*Support*: 39124.0/38952.0 

*Resistance*: 39658.0/39825.0

*Options Pre Open Recommendations* 

 

Nifty 17500 CALL OPTION 08th September Buy at 160.0 SL 90.0 TGT 280.0 

 

Nifty Bank 39300.0 CALL OPTION 08th September Buy at 400.0 SL 280.0 TGT 680.0.

*Brokerage reports* 

CITI on *Aurobindo* *Pharma* 

Buy, TP Rs 730

Nomura on *BHEL* 

Upgrade to Neutral, TP Raised to Rs 65

CITI on *BEL* 

Buy, TP Raised to Rs 356 from Rs 342

MS on *SBI Cards* 

OW, TP Rs 1100

Antique on *Patanjali* *Foods* 

Initiate Buy, TP Rs 1725

MS on *MCX* 

UW, TP Rs 1300

CS on *Maruti Suzuki* maintain OP with tgt price of 10782 

Macquarie on *Auto* : Continue to like *Tata Motors, Maruti Suzuki, M&M, and TVS Motor* 

Jefferies on *Zomato* maintain buy with tgt price of 100

CITI on *Persistent* *system* maintain sell with tgt price of 2820

Mac on *SBI cards* maintain OP with tgt price of 1260.

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