*20th Feb 2025 Markets outlook for the day* #usmarkets - Yesterday- US markets closed positive ,S&P 500 hits record highs shrugging off rate and tariff jitters. US futures muted to lower amid tarrifs and Fed jitters. Global markets sentiment neutral. Most Asian markets trade negative in early morning hours on trump tarrif tantrums. Indian markets sentiment neutral trading. Nifty at 17PE for 2026 Estimates. Fundamental Longterm view neutral for Indian markets. Gift Nifty indicate lower opening. India VIX muted at 15.42 from 15.57 as Indian markets saw volatile session yesterday. Global currency and Bonds- US Dollar index steadies at 107 from 106.90 as investors mull peace talks and trump tarrifs threats. US 10 yr Bond yields muted at 4.52 from 4.55 on tarrifs. Global Commodities - Comex Gold muted at $2959 from $2955 as bullion demand persists amid tarrifs and fed cues. Comex Silver trade muted at $33.20 from $33.30 on muted dollar. Comex copper trades muted at $4.55 from 4.57 on choppy trades. Brent Crudeoil trade muted at $75.80 from 75.90 amid supply disruptions and peace talks for Ukrine Russia peace deal might ease supply of oil. Natural Gas prices rise for seventh day to 4.39 from 3.57 on chilly weather conditions and higher demand. Indian markets Derivatives data - Fii's were net sellers of  -1881Cr in cash markets in previous trading session while Dii's were net buyers too of +1958Cr in cash market. Feb series Fii's are negative in index fut & added shorts in index fut to -185k contracts from -175k 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 +8k and net shorts in stock futures. Retail are net positive in index futures and added longs in index fut to +179k from +174k 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 0.80 from 0.83 and Bank nifty PCR at 0.82 from 0.71 Sensex PCR at 0.74 from 0.83 Indices performance - Yesterday trading session saw volatile session in broader markets with wild swings and pull back from lows to close muted to subdued. Indian markets volatile session across sectors with positive Market breadth banking, Finanicals, midcaps, smallcaps, Energy, Reality, Infra, Metals saw buying while Pharma, IT, Auto, Fmcg sectors saw selling pressure. Market View & news - Weekly expiry of Nifty. Fed minutes - policy makwrs are in favour of wait -and- see approach further rate cuts, citing further evidence that inflation is slowing down at the time when there is persistent strenght in economy. Trump tariffs of 25% on Metals, Auto, Chips & pharma. Technical view : Yesterday session opened flat but saw sharp sell off in 1st half of session and recovery of indices from lows support zones of 22780/820 zones to close the day muted at 22932 with positive Market breadth of 3:1 Adv:Dec Ratio, which is a positive factor for bulls. Nifty trading below 5EMA 22995 & below 10 EMA 23070 and below 20EMA 23205 & below 50 EMA 23480 Nifty range shifted to 22700-23800 zone for next few sessions ahead, Nifty major trend is neutral. Today's Nifty big support is at 22750/22830 zone & big resistance at 23055/23045 Nifty trading below 200EMA 23550 and below 200 SMA 24050 & below 100 EMA 23730 zone. Today Nifty minor support seen at 22821/22835 while major support seen at 22802/22775 While minor resistance seen at 22981/22995 zone while major resistance seen at 23035/23055 zone. Daily CPR at 22915 Weekly CPR at 23090 Monthly CPR at 23507 Nifty structure is neutral to negative in short term. Nifty fut closed flat -0.34%. Nifty fut OI at 1.72Cr with short covering & reduction in OI by -0.25%., Major support 22810/720 for all long trades. Yesterday session #banknifty opened flat and saw buying interest and support of buy on dips continued until the close of trading session to close positive at 49570. Major support seen at 48760/48810 zone and major resistance at 49940/49870 zone. Banknifty trades above 5 EMA of 49370 and above 10 EMA 49392 and trading above 20 EMA 49490 & above 20 SMA 49410 and below 50EMA 49935 and trading below 100EMA 50450 & Bank nifty trading just around 200EMA 50140/ below 50905 200 SMA. For today Bank nifty minor support seen at 49230/49270 zone while major support seen at 48830/48946 zone and minor resistance seen at 49640/49670 zone while major resistance seen at 49910/49980 zone Daily CPR at 49080 Weekly CPR at 49325 Monthly CPR at 49700 Bank nifty view is neutral to positive in short term with range of 48800-50500. Bank nifty fut closed positive +0.82% with open interest at 30.70 lakhs & long unwinding with reduction in OI at -2.26%. Banknifty bullish of all indices with buy on dips and major support 48560/720 zone. Sectors to watch today- Positive/neutral- Banking, Metals, Financials, Reality, Defence sectors, Midcaps, Smallcap. Negative/neutral - IT, Pharma, Auto, Media, Fmcg, Consumption. Stocks to watchout today- POSITIVE- BSE, Manappuram, Rblbank, Zomato, Voltas, Aubank, BHEL, Godrejprop, Aplapollo, Hindalco, Kotakbank, Icicibank, BOB, SBI, Bharatforge. NEGATIVE- Phoenix ltd, DRREDDY, Tcs, Auropharma, Bata, Infy, Adanigreen, HUL, Lupin, VBL, Lauruslabs, LTIM. Good morning!!! Have a Good trading day!!! 👍