*10th Feb 2025 Markets outlook for the day* #usmarkets - Friday- US markets closed lower on tarrif concerns and inflation jitters. US futures rise on dip buying after trump tarrif threats. Global markets sentiment neutral to positive Most Asian markets trade positive in early morning hours. Indian markets sentiment neutral to positive in near term. Fundamental Longterm view neutral for Indian markets. Gift Nifty indicate muted opening. India VIX falls at 13.68 from 14.18 as Indian markets saw subdued session. Global currency and Bonds- US Dollar index rebounds to 108.28 from 107.50 on Jobs data. US 10 yr Bond yields rebound at 4.48 from 4.43 Global Commodities - Comex Gold trades muted at 2910 from 2890 on safe heaven buys. Comex Silver trade muted at $32.35 from $32.75 Comex copper trades positive at $4.60 from 4.48 Brent Crudeoil trade positive at $75.15 from 74.65 on trump new tarrifs. Natural Gas prices rebound at 3.42 from 3.37 despite warmer weathers. Indian markets Derivatives data - Fii's were net sellers of  -470Cr in cash markets in previous trading session while Dii's were net buyers of +455Cr in cash market. Feb series Fii's are negative in index fut & added shorts in index fut to -168k contracts from -158k shorts in index fut and added net longs in stock fut. Pro traders are net buyers in index fut of +8k and net longs stock futures. Dii's were net longs in index fut of 15k and net shorts in stock futures. Retail are net positive in index futures and added longs in index fut to +179k from +182k 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 23400/23300 & 23900/23800 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 0.83 from 0.84 and Bank nifty PCR at 0.85 from 0.93 Sensex PCR at 0.60 from 0.70 Indices performance - Friday trading session saw subdued session in broader markets with sideways movements. Indian markets muted session across sectors with negative Market breadth. IT, Auto, banks, Pharma saw buying while selling pressure was in midcaps, Smallcaps, Energy, Reality, fmcg, Consumption sectors. Market news - BJP winning Delhi state assembly Elections with thumping majority after 27Yrs is positive for markets. Trump continues with tarrif threats on steel and aluminum products. Technical view : Friday's session saw subdued session with profit booking and sharp pull back at last hour with negative close at 23559 with negative Market breadth of 2:4 Adv:Dec Ratio. Nifty trading just below 5EMA 23565 & above 10 EMA 23480 and above 20EMA 23445 & below 50 EMA 23700 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 23420/23385 zone & big resistance at 23775/23805 Nifty trading below 200EMA 23600 and below 200 SMA 24030 & below 100 EMA 23860 zone. Today Nifty minor support seen at 23525/2354l10 while major support seen at 23440/23465 While minor resistance seen at 23605/23625 zone while major resistance seen at 23715/23695 zone. Daily CPR at 23644 Weekly CPR at 23440 Monthly CPR at 23507 Nifty structure is positive in short term. Nifty fut closed negative -0.28%. Nifty fut OI at 1.70Cr with long unwinding & addition in OI by +0.44% , buy on dips with 23406/23380 as stoploss for tgt 24050 Friday's session #banknifty opened flat and sideways to range bound session throughout the day to close the session muted at 50158. Major support seen at 49840/49880 zone and major resistance at 50640/50680 zone. Banknifty trades above 5 EMA of 50093 and above 10 EMA 49760 and trading above 20 EMA 49670 & above 20 SMA 49175 and below 50EMA 50250 and trading below 100EMA 50650 & Bank nifty trading just around 200EMA 50210/ below 50875 200 SMA. For today Bank nifty minor support seen at 49960/49925 zone while major support seen at 49840/49766 zone and minor resistance seen at 50480/50530 zone while major resistance seen at 50640/50675 zone Daily CPR at 50360 Weekly CPR at 49530 Monthly CPR at 49700 Bank nifty view is neutral to positive in short term with range of 48500-50500. Bank nifty fut closed negative -0.44% with open interest at 27.40 lakhs & long unwinding with addition in OI at +3.85%,buy on dips with stoploss at 49630/49550 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- Tatasteel, Jswsteel, Dixon, Manappuram, Bhartiairtel, Trent, Lodha, Voltas, Appollo tyres, Kotakbank, Indusindbank, PVRINOX, LIC. NEGATIVE- Delhivery, Gail, Cummins, VBL, Biocon, Siemens, Naukri. Good morning!!! Have a Good trading day!!! 👍