*7th Feb 2025 Markets outlook for the day* #usmarkets - Yesterday US markets closed mixed with volatile session ahead of jobs data. US futures steady despite ahead of Important US employment data. Global markets sentiment neutral to positive Most Asian markets trade steady to muted in early morning hours. Indian markets sentiment neutral to positive in near term. 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 rise at 14.18 from 14.08 as Indian markets saw subdued session. Global currency and Bonds- US Dollar index muted to 107.55 from 107.50 ahead of jobs data. US 10 yr Bond yields muted at 4.43 from 4.42 Global Commodities - Comex Gold trades muted at 2890 from 2905 near all time highs on subdued trades. Comex Silver trade muted at $32.78 from $32.80 Comex copper trades muted at $4.48 from 4.47 Brent Crudeoil trade muted at $74.65 from 74.75 as trump says to boost US production and supply. Natural Gas prices rebound at 3.37 from 3.34 despite warmer weathers. Indian markets Derivatives data - Fii's were net sellers of  -3560Cr in cash markets in previous trading session while Dii's were net buyers of +2772Cr in cash market. Feb series Fii's are negative in index fut & added shorts in index fut to -158k contracts from -143k shorts in index fut and added net longs in stock fut. Pro traders are net buyers in index fut of +4k and net longs stock futures. Dii's were net longs in index fut of 10k and net shorts in stock futures. Retail are net positive in index futures and added longs in index fut to +183k from +172k 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 0.84 from 0.97 and Bank nifty PCR at 0.93 from 0.92 Sensex PCR at 0.70 from 0.69 Indices performance - Yesterday trading session saw subdued session in broader markets with sideways movements. Indian markets muted session across sectors with negative Market breadth. IT, banks, Pharma saw buying while selling pressure was in midcaps, Smallcaps, Energy, Reality, fmcg, Auto, Consumption sectors. Market news - RBI policy today Markets expects rate cut and CRR cut, RBI Governor commentary will be keenly watched. Bhartiairtel reported above estimates numbers with ARPU's at 245 ahead of street estimates and rise in profits 120% SBI repeated inline numners with NII just in line with estimates and miss in profits due to lower treasury income, NPA improved and slippages lower. ITC reported inline numbers with Above estimates volume growth in Cigarettes business, PAT below estimates and revenue above estimates. Heromotorcop reported above estimates profit and Revenues with beat in margin estimates 14.5% against 14.1% Technical view : Yesterday session saw subdued session with profit booking from start of trade with negative close at 23603 with negative Market breadth of 4:5 Adv:Dec Ratio. Nifty trading above 5EMA 23565 & above 10 EMA 23460 and above 20EMA 23435 & 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 23430/23445 zone & big resistance at 23775/23805 Nifty trading above 200EMA 23600 and below 200 SMA 24030 & below 100 EMA 23870 zone. Today Nifty minor support seen at 23555/23540 while major support seen at 23490/23465 While minor resistance seen at 23705/23695 zone while major resistance seen at 23775/23805 zone. Daily CPR at 23730 Weekly CPR at 23280 Monthly CPR at 23507 Nifty structure is positive in short term. Nifty fut closed negative -0.28%. Nifty fut OI at 1.69Cr with long unwinding & reduction in OI by -1.17% , buy on dips with 23456/23480 as stoploss for tgt 24250 Last trading session #banknifty opened flat and consolidation throughout the day to close the session flat at 50385 at 1 month highs. Major support seen at 49820/49870 zone and major resistance at 50690/50750 zone. Banknifty trades above 5 EMA of 50023 and above 10 EMA 49680 and trading above 20 EMA 49630 & above 20 SMA 49075 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 49960/50015 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 50360 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 +0.20% with open interest at 26.40 lakhs & long unwinding with reduction in OI at -2.85%,buy on dips with stoploss at 49680/49750 for tgt 51560. Sectors to watch today- Positive/neutral- IT Banking, Telecom, Defence sectors, Psubank, Financials, Capital goods, pharma, Reality. Negative/neutral - Fmcg, Consumption, Energy,Midcaps, Smallcap. Stocks to watchout today- POSITIVE- Heromotorcop, Bhartiairtel, ITC, Cipla, Biocon, Zyduslife, SBI, Kotakbank, LIC, Britania. NEGATIVE- Dixon, Rec, Ipcalab, Trent, BSE, Jubfood, CUB, Lodha, Indhotel, Polycab. Good morning!!! Have a Good trading day!!! 👍