*17th Feb 2025 Markets outlook for the day* #usmarkets - Friday- US markets closed mixed with S&P 500 ends shy of new record highs on consumer, inflation jitters. US futures flat as investors focus on trump tarrifs. Global markets sentiment neutral. Most Asian markets trade mixed to positive bais in early morning hours. Indian markets sentiment neutral trading. Nifty at 17PE for 2026 Estimates. Fundamental Longterm view neutral for Indian markets. Gift Nifty indicate muted opening. India VIX muted at 15.02 from 14.95 as Indian markets saw volatile session yesterday. Global currency and Bonds- US Dollar index falls to 106.50 from 106.90 as peace talks and softer tarrifs put squeeze on USD. US 10 yr Bond yields falls at 4.49 from 4.54 on softer tarrifs. Global Commodities - Comex Gold falls to $2910 from $2965 on profit booking. Comex Silver trade lower at $32.80 from $33.30. Comex copper trades lower at $4.66 from 4.80 on softer tarrifs threats by trump. Brent Crudeoil trade muted at $74.70 from 75.10 on peace talks for Ukrine Russia peace deal might ease supply of oil. Natural Gas prices muted at 3.62 from 3.64. Indian markets Derivatives data - Fii's were net sellers of  -4294Cr in cash markets in previous trading session while Dii's were net buyers of +4364Cr in cash market. Feb series Fii's are negative in index fut & reduced shorts in index fut to -190k contracts from -180k shorts in index fut and added net longs in stock fut. Pro traders are net buyers in index fut of +9k 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 +173k from +169k contracts longs and net longs in stock futures. Options data - Feb Nifty Monthly expiry has highest put writing at 22800/23000 strike and 24000/23800 strikes has highest call writers. Nifty Feb Weekly expiry has highest put writing at 22900/22800 & 23400/23300 strikes has highest call writers. Bank nifty Feb Monthly expirye saw major call writing at 50000/50500 strike and major put writing seen until 48500/48000 strike. Sensex Feb weekly expiry saw major call writing at 78000/77500 strikes and Major put writing seen at 75500/75000 PCR Ratio of Nifty PCR at 0.77 from 0.80 and Bank nifty PCR at 0.79 from 0.75 Sensex PCR at 0.71 from 0.77 Indices performance - Last friday trading session saw volatile session in broader markets with wild swings and last hour pull back from lows. Indian markets volatile session across sectors with negative Market breadth, IT saw buying while Pharma, Reality, Banking, Auto, midcaps, Smallcaps, Energy, fmcg, Consumption sectors saw selling pressure. Market View & news - US markets closed today on Washingtons B'day. Russia Ukrine peace talks cools off Commodities prices. Technical view : Friday session opened positive but saw sharp sell off in 1st half of session and sharp recovery indices in 2nd half as markets saw supportive moves from 22750/800 zones to close at 22929 with negative Market breadth of 1:8 Adv:Dec Ratio. Nifty trading below 5EMA 23115 & below 10 EMA 23190 and below 20EMA 23290 & below 50 EMA 23550 Nifty range shifted to 22800-23800 zone for next few sessions ahead, Nifty major trend is neutral. Today's Nifty big support is at 22750/22800 zone & big resistance at 23265/23255 Nifty trading below 200EMA 23570 and below 200 SMA 24050 & below 100 EMA 23780 zone. Today Nifty minor support seen at 22851/22830 while major support seen at 22789/22755 While minor resistance seen at 23055/23035 zone while major resistance seen at 23165/23185 zone. Daily CPR at 23089 Weekly CPR at 23230 Monthly CPR at 23507 Nifty structure is neutral to negative in short term. Nifty fut closed negative -0.57%. Nifty fut OI at 1.74Cr with short build up & addition in OI by +1.71%., Major support 22750/800 for all long trades. Friday session #banknifty opened flat saw selling pressure and supports from lower levels to close negative at 49099. Major support seen atx 48760/48710 zone and major resistance at 49640/49560 zone. Banknifty trades below 5 EMA of 49450 and below 10 EMA 49480 and trading below 20 EMA 49450 & above 20 SMA 49320 and below 50EMA 50050 and trading below 100EMA 50510 & Bank nifty trading just around 200EMA 50160/ below 50905 200 SMA. For today Bank nifty minor support seen at 49020/48965 zone while major support seen at 48730/48686 zone and minor resistance seen at 49330/49290 zone while major resistance seen at 49650/49730 zone Daily CPR at 49490 Weekly CPR at 49470 Monthly CPR at 49700 Bank nifty view is neutral in short term with range of 48500-50500. Bank nifty fut closed negative -0.58% with open interest at 31.80 lakhs & short build up with addition in OI at +3.85%. Sectors to watch today- Positive/neutral- IT, Metals, Pharma, Telecom, fmcg, Reality, Defence sectors, Midcaps. Negative/neutral - Banking, Financials, Consumption, Energy,Smallcap. Stocks to watchout today- POSITIVE- ICICIBANK, TCS, HINDALCO, GNFC, Maxhealth, Coforge, Asianpaints, Lodha, M&M. NEGATIVE- Lauruslabs, Deepaknitrate, Kalyanjewl, Jswenergy, Angel one, Sail, CESC, Glenmark, Delhivery. Good morning!!! Have a Good trading day!!! 👍