*5th Feb 2025 Markets outlook for the day* #usmarkets - Yesterday US markets closed positive on upbeat earnings and easing trade war fears. US futures muted on Alphabet muted earnings weigh. Global markets sentiment neutral to positive Most Asian markets mixed to positive on positive global sentiments, Chinese trade muted as markets open after New year holidays Indian markets sentiment neutral to positive in near term post Budget session on positive Budget broader contours. Fundamental Longterm view neutral, Nifty index trading at 19/PE on FY26E valuations & on 20/PE on FY25E valuations. Bank nifty index trading at 14 P/E of FY25 valuations with 2.3 times PBV. Gift Nifty indicate positive opening. India VIX muted at 14.02 from 14.35 as Indian markets saw recovery sharp rally yesterday. Global currency and Bonds- US Dollar index fall sharply to 107.70 from 108.63 on tarrif postponements US 10 yr Bond yields muted at 4.53 from 4.56 Global Commodities - Comex Gold trades higher at 2875 from 2850 near all time highs on dollar weakness. Comex Silver trade positive at $32.90 from $32.50 Comex copper trades positive at $4.37 from 4.34 Brent Crudeoil trade positive at $76.25 from 75.05 as Trump restores pressure on iran and tarrif drama. Natural Gas prices lower at 3.24 from 3.34 on warmer weathers. Indian markets Derivatives data - Fii's were net buyers of  +809Cr in cash markets in previous trading session while Dii's were net sellers of -403Cr in cash market. Fiis turned net buyers after 3 months in Indian markets. Feb series Fii's are negative in index fut & reduced shorts in index fut to -153k contracts from -186k shorts in index fut and added net longs in stock fut. Pro traders are net buyers in index fut of +3k and net longs stock futures. Dii's were net longs in index fut of +8k and net shorts in stock futures. Retail are net positive in index futures and reduced longs in index fut to +178k from +198k contracts longs and net longs in stock futures. Options data - Feb Nifty Monthly expiry has highest put writing at 22800/23000 strike and 24000/24200 strikes has highest call writers. Nifty Feb Weekly expiry has highest put writing at 23400/23500 & 24000/23800 strikes has highest call writers. Bank nifty Feb Monthly expirye saw major call writing at 51000/50500 strike and major put writing seen until 48500/48000 strike. Sensex Feb weekly expiry saw major call writing at 80000/79500 strikes and Major put writing seen at 77500/77000 PCR Ratio of Nifty PCR at 1.15 from 0.87 and Bank nifty PCR at 0.91 from 0.79 Sensex PCR at 1.05 from 0.96 Indices performance - Yesterday trading session saw positive session in broader markets with sharp reversal in major indicies. Indian markets positive trend and buy on Dips in yesterday session across sectors with positive Market breadth. Media, Metals, IT, Auto, Financials, banks, Reality, Pharma, midcap & Smallcap saw buying while pressure was in fmcg, Consumption sectors. Market news - Trump tarrifs pause and china's retaliatory Tarrifs on US Goods and services is driving markets across globe. Trump says US will take over Gaza strip. Technical view : Yesterday session saw buying seen on intraday and buy on dips throughout the day with positive close at 23739 with positive Market breadth of 3:1 Adv:Dec Ratio. Nifty trading above 5EMA 23460 & above 10 EMA 23360 and above 20EMA 23395 & above 50 EMA 23705 Nifty range shifted to 23300-24200 zone for next few sessions ahead, Nifty major trend is positive and buy on dips. Today's Nifty big support is at 23390/23420 zone & big resistance at 23885/23925 Nifty trading above 200EMA 23605 and below 200 SMA 24020 & below 100 EMA 23880 zone. Today Nifty minor support seen at 23285/23270 while major support seen at 23640/23615 While minor resistance seen at 23885/23915 zone while major resistance seen at 23995/24025 zone. Daily CPR at 23325 Weekly CPR at 23280 Monthly CPR at 23507 Nifty structure is positive in short term. Nifty fut closed positive +1.50%. Nifty fut OI at 1.71Cr with long unwinding & reduction in OI by -1.95% , buy on dips with 23426/23380 as stoploss for tgt 24250 Last trading session #banknifty opened positive and buy on dips continued throughout the day to close the session positive at 50157 at 1 month highs. Major support seen at 49480/49540 zone and major resistance at 50270/50310 zone. Banknifty trades above 5 EMA of 49500 and above 10 EMA 49289 and trading above 20 EMA 49460 & above 20 SMA 48990 and below 50EMA 50260 and trading below 100EMA 50650 & Bank nifty trading below longterm avg of 200EMA 50220/50875 200 SMA. For today Bank nifty minor support seen at 49920/49870 zone while major support seen at 49650/49620 zone and minor resistance seen at 50230/50270 zone while major resistance seen at 50540/50595 zone Daily CPR at 49180 Weekly CPR at 49030 Monthly CPR at 49700 Bank nifty view is neutral to positive in short term with range of 48500-50500. Bank nifty fut closed positive +1.73% with open interest at 28.10 lakhs & long unwinding with reduction in OI at -12.85%,buy on dips with stoploss at 49480/49550 for tgt 51560. Sectors to watch today- Positive/neutral- Auto, Banking, Reality. Telecom, Defence sectors, Psubank, Financials, Capital goods, IT, Metals, midcap, Smallcap. Negative/neutral - Fmcg, Consumption, Pharma. Stocks to watchout today- POSITIVE- Kalyanjewl, Indusindbank, Abb, NCC, HAL, Cummins, L&T, Auropharma, BPCL. NEGATIVE- Trent, Tatachem, Havells, UBL, Crompton, Abcapital, Zomato, Godrejprop. Good morning!!! Have a Good trading day!!! 👍