*6th Feb 2025 Markets outlook for the day* #usmarkets - Yesterday US markets closed positive on falling US tresury yields and Jump in Nvidia on capex plans. US futures steady despite mixed earnings and Trade Jitters. Global markets sentiment neutral to positive Most Asian markets steady to positive on positive global sentiments. 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 20/PE on FY26E valuations & on 20.5/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 14.08 from 14.02 as Indian markets saw subdued session. Global currency and Bonds- US Dollar index fall to 107.50 from 107.70 on tarrif delays. US 10 yr Bond yields falls at 4.42 from 4.53 Global Commodities - Comex Gold trades higher at 2905 from 2870 near all time highs on subdued dollar and safe heaven bets on bullions. Comex Silver trade muted at $32.80 from $32.90 Comex copper trades positive at $4.48 from 4.37 Brent Crudeoil trade negative at $74.75 from 76.25 as US inventory swells and Trade tariff wars. Natural Gas prices rebound at 3.34 from 3.24 despite warmer weathers. Indian markets Derivatives data - Fii's were net sellers of  -1682Cr in cash markets in previous trading session while Dii's were net buyers of +996Cr in cash market. Feb series Fii's are negative in index fut & reduced shorts in index fut to -143k contracts from -153k shorts in index fut and added net longs in stock fut. Pro traders are net buyers in index fut of +6k and net longs stock futures. Dii's were net longs in index fut of 18k and net shorts in stock futures. Retail are net positive in index futures and reduced longs in index fut to +173k from +178k 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 0.97 from 1.15 and Bank nifty PCR at 0.92 from 0.91 Sensex PCR at 0.69 from 1.05 Indices performance - Yesterday trading session saw subdued session in broader markets with sideways movements. Indian markets muted session across sectors with positive Market breadth. Media, Metals, IT, Financials, banks, Pharma, midcap & Smallcap saw buying while selling pressure was in Reality, fmcg, Auto, Consumption sectors. Market news - RBI policy in focus and Delhi Election results in focus, most exit polls have given BJP edge. Technical view : Yesterday session saw subdued session with consolidation with flat close at 23696 with positive Market breadth of 5:3 Adv:Dec Ratio. Nifty trading above 5EMA 23530 & above 10 EMA 23420 and above 20EMA 23415 & just below 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 23420/23445 zone & big resistance at 23895/23925 Nifty trading above 200EMA 23605 and below 200 SMA 24020 & below 100 EMA 23880 zone. Today Nifty minor support seen at 23645/23620 while major support seen at 23540/23515 While minor resistance seen at 23825/23815 zone while major resistance seen at 23875/23905 zone. Daily CPR at 23640 Weekly CPR at 23280 Monthly CPR at 23507 Nifty structure is positive in short term. Nifty fut closed positive -0.15%. Nifty fut OI at 1.67Cr with long unwinding & reduction in OI by -2.95% , buy on dips with 23426/23450 as stoploss for tgt 24250 Last trading session #banknifty opened positive and buy on dips seen with consolidation throughout the day to close the session positive at 50345 at 1 month highs. Major support seen at 49680/49740 zone and major resistance at 50690/50750 zone. Banknifty trades above 5 EMA of 49770 and above 10 EMA 49489 and trading above 20 EMA 49560 & above 20 SMA 48995 and above 50EMA 50250 and trading below 100EMA 50660 & Bank nifty trading just above longterm avg of 200EMA 50220/ below 50875 200 SMA. For today Bank nifty minor support seen at 496p/50015 zone while major support seen at 49690/49745 zone and minor resistance seen at 50630/50670 zone while major resistance seen at 50740/50775 zone Daily CPR at 49950 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 +0.36% with open interest at 26.40 lakhs & long unwinding with reduction in OI at -4.85%,buy on dips with stoploss at 49680/49750 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- CGpower, Bpcl, HPCL, Jswenergy, Biocon, Cams, Bse, Angelone, Unionbank, CDSL, Lupin, Indigo, DLF, Cummins, Asianpaints. NEGATIVE- TIindia, UBL, Titan, Nyka, Prestige, Godrejprop, Ltts, Adanisol. Good morning!!! Have a Good trading day!!! 👍