*24th Feb 2025 Markets outlook for the day* #usmarkets - Friday - US markets closed sharply lower on economic jitters intensify and Derivatives expiry of $2.7 Trillions set to expiry on friday. US futures rise after Wallstreet rout and Nvidia earnings optimism. Global markets sentiment neutral. Most Asian markets trade muted to positive in early morning trades with Japanese markets closed on Emperor's B'day holiday. Indian markets sentiment neutral in short term. Nifty at 18PE for 2026 Estimates. Fundamental Longterm view neutral for Indian markets. Gift Nifty indicate lower opening on weaker Overnight cues from Wall street. India VIX lower at 14.53 from 14.68 as Indian markets saw volatile session on friday with negative close. Global currency and Bonds- US Dollar index lower at 106.05 from 106.40 as economic jitters persists. US 10 yr Bond yields lower at 4.44 from 4.50 on weaker sentiments. Global Commodities - Comex Gold prices subdued after hitting all time highs trades at $2955 from $2956 Comex Silver trade muted at $33.15 from $33.40 on subdued trades. Comex copper trades muted at $4.62 from 4.59 on choppy trades. Brent Crudeoil trade lower at $74.0 from 76.40 on supply resumption from kurdistan and peace talks. Natural Gas prices lower at 3.98 from 4.19 on over supply. Indian markets Derivatives data - Fii's were net sellers of  -3449Cr in cash markets in previous trading session while Dii's were net buyers too of +2885Cr in cash market. Feb series Fii's are negative in index fut & added shorts in index fut to -192k contracts from -191k 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 +5k and net shorts in stock futures. Retail are net positive in index futures and added longs in index fut to +174k from +170k contracts longs and net longs in stock futures. Options data - Feb Nifty Monthly expiry has highest put writing at 22600/22500 strike and 24000/23800 strikes has highest call writers. Nifty Feb Weekly expiry has highest put writing at 22600/22700 & 23000/23200 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 Monthly expiry saw major call writing at 77000/77500 strikes and Major put writing seen at 74500/75000 PCR Ratio of Nifty PCR at 0.81 from 0.86 and Bank nifty PCR at 0.68 from 0.78 Sensex PCR at 0.71 from 0.78 Indices performance - Friday trading session saw volatile session in broader markets with wild swings and weak close. Indian markets volatile session across sectors with negative Market breadth; psubank, Auto, Finanicals, midcaps, smallcaps, Energy, Reality, Infra, banking, IT, Pharma, Fmcg saw selling pressure while Metals sector lone sector saw buying interest. Market View & news - Weaker economic sentiments and economic jitters along with trump Tarrifs fears and Derivatives expiry of $2.7 Trillions contracts worth due for expiry on friday led to blood bath in Wallstreet. Technical view : Friday session opened lower and continued to trade weaker throughout the day to close lower at 22795 below 22800 mark with negative Market breadth of 1:3 Adv:Dec Ratio. Nifty trading below 5EMA 22895 & below 10 EMA 23010 and below 20EMA 23145 & below 50 EMA 23420 Nifty range shifted to 22600-23600 zone for next few sessions ahead, Nifty major trend is neutral to negative Today's Nifty big support is at 22650/22610 zone & big resistance at 22980/23015 Nifty trading below 200EMA 23530 and below 200 SMA 24060 & below 100 EMA 23720 zone. Today Nifty minor support seen at 22701/22715 while major support seen at 22590/22615 While minor resistance seen at 22791/22815 zone while major resistance seen at 22895/22926 zone. Daily CPR at 22884 Weekly CPR at 22888 Monthly CPR at 23507 Nifty structure is neutral to negative in short term. Nifty fut closed negative -0.62%. Nifty fut OI at 1.69Cr with short buildup & addition in OI by +1.25%. Friday session #banknifty opened flat and saw selling pressure throughout day to close negative at 48981. Major support seen at 48560/48510 zone and major resistance at 49540/49470 zone. Banknifty trades at 5 EMA of 49190 and below 10 EMA 49310 and trading below 20 EMA 49420 & below 20 SMA 49460 and below 50EMA 49860 and trading below 100EMA 50410 & Bank nifty trading just around 200EMA 50110/ below 50905 200 SMA. For today Bank nifty minor support seen at 48730/48750 zone while major support seen at 48530/48476 zone and minor resistance seen at 49040/49070 zone while major resistance seen at 49460/49510 zone Daily CPR at 49310 Weekly CPR at 49090 Monthly CPR at 49700 Bank nifty view is neutral to negative in short term with range of 48500-50500. Bank nifty fut closed negative -1.0% with open interest at 32.70 lakhs & short build up with addition in OI at +4.31%. Sectors to watch today- Positive/neutral- Metals, Financials, Reality, Defence sectors, Midcaps, Smallcap, Auto. Negative/neutral - Pharma, Media, Fmcg, Consumption, Banking, IT. Stocks to watchout today- POSITIVE- Jswsteel, Jswenergy, LTTS, Policybazaar, Zomato, Jiofin, Sail, Torrent power, Hindalco, Glenmark, Paytm. NEGATIVE- Godrejprop, Dlf, Lupin, Divislab, Dixon, Gail, Cams. Good morning!!! Have a Good trading day!!! 👍