*28th Feb 2025 Markets outlook for the day* #usmarkets - Yesterday - US markets closed lower as stocks slump, Dollar towers due trump tarrifs, Nasdaq fell sharply led by AI stocks Nvidia. US futures trade muted ahead of PCE data tonight. Global markets sentiment neutral. Most Asian markets trade negative in early morning trades on weak global cues. Indian markets closing negative for consecutive 5 months after 28 yrs since 1996, A continus fall for straight 5 months in Indian indices. Indian markets sentiment neutral in short term. Nifty at 18PE for 2026 Estimates and at 20PE of FY 25E Fundamental Longterm view neutral for Indian markets. Gift Nifty indicate lower opening India VIX lower at 13.31 from 13.72 as Indian markets saw volatile session to muted. Global currency and Bonds- US Dollar index firms at 107.35 from 106.55 on trump tarrifs imposition and weaker economic data. US 10 yr Bond yields lower at 4.22 from 4.28 on muted economic data. Global Commodities - Comex Gold prices fall from all time highs to $2886 from $2927 on US Dollar strenght. Comex Silver trade lower at $31.58 from $32.18 on dollar strenght. Comex copper trades muted at $4.57 from 4.56 on supply concerns. Brent Crudeoil rebounds to $73.30 from 72.3 as trump cancels chevron Venezuela license. Natural Gas prices muted at 3.91 from 3.98 on warmer weathers. Indian markets Derivatives data - Fii's were net sellers of  -556Cr in cash markets in previous trading session while Dii's were net buyers too of +1727Cr in cash market. March series Fii's are negative in index fut & added shorts in index fut to -178k contracts from -193k shorts in index fut indicating short rollovers into March series by FII'S and added net longs in stock fut. Pro traders are net buyers in index fut of +6k and net longs stock futures. Dii's were net longs in index fut of +4k and net shorts in stock futures. Retail are net positive in index futures and added longs in index fut to +145k from +165k contracts longs and net longs in stock futures. Options data - March Nifty Monthly expiry has highest put writing at 22000/21900 strike and 23000/22800 strikes has highest call writers. Nifty March Weekly expiry has highest put writing at 22300/22400 & 22600/22500 strikes has highest call writers. Bank nifty March Monthly expirye saw major call writing at 50000/49500 strike and major put writing seen until 47500/48000 strike. Sensex March Monthly expiry saw major call writing at 76000/76500 strikes and Major put writing seen at 73500/74000 PCR Ratio of Nifty PCR at 0.98 from 0.6 and Bank nifty PCR at 0.76 from 0.81 Sensex PCR at 0.90 from 1.02 Indices performance - Yesterday trading session saw weak session in broader markets with selling pressure across sectors and subdued close for indices. Indian markets volatile session across sectors with negative Market breadth; psubank, midcaps, smallcaps, Energy, Reality, Infra,IT, Fmcg and Auto saw selling pressure while Financials, Banking, Metals sectors saw buying interest. Market View & news - Trump tarrifs imposition on Mexico & Canada at 25% from March 4th and additional 10% on China from March are moving global markets. NEW SEBI chief Tuhin Kanta Pandey Appointed, He was in Finance ministry as Finance secretary. Global markets weakness on Trump tarrifs imposition moving global asset classes with sharp Rise in USD and sharp corrections in Bitcoins to $80000 from $109000. Indian Rupee continue to depreciate to 87.40 against USD. Technical view : Yesterday session opened flat and continued to trade sideways to subdued throughout the day to close flat at 22545 with negative Market breadth of 1:2 Adv:Dec Ratio. Nifty trading below 5EMA 22630 & below 10 EMA 22810 and below 20EMA 22970 & below 50 EMA 23320 Nifty range shifted to 22000-23000 zone for next few sessions ahead, Nifty major trend is neutral to negative Today's Nifty big support is at 22350/22410 zone & big resistance at 22780/22855 Nifty trading below 200EMA 23500 and below 200 SMA 24070 & below 100 EMA 23640 zone. Today Nifty minor support seen at 22381/22405 while major support seen at 22335/22325 While minor resistance seen at 22585/22595 zone while major resistance seen at 22655/22626 zone. Daily CPR at 22562 Weekly CPR at 22855 Monthly CPR at 23050 Nifty structure is negative in short term. Nifty fut closed negative -0.28%. Nifty fut OI at 1.68Cr with short build up & addition in OI by +38.05% with 85% rollovers in Nifty fut to March series. Yesterday session #banknifty opened flat and saw buying interest from lows trades positive throughout the day to close at 48745. Major support seen at 48270/48340 zone and major resistance at 49020/49060 zone. Banknifty trades at 5 EMA of 48793 and below 10 EMA 49040 and trading below 20 EMA 49170 & below 20 SMA 49440 and below 50EMA 49730 and trading below 100EMA 50320 & Bank nifty trading just around 200EMA 50050/ below 50945 200 SMA. For today Bank nifty minor support seen at 48320/48360 zone while major support seen at 48210/48176 zone and minor resistance seen at 48850/48840 zone while major resistance seen at 49040/49010 zone Daily CPR at 48668 Weekly CPR at 49040 Monthly CPR at 49060 Bank nifty view is neutral to negative in short term with range of 48000-50000. Bank nifty fut closed negative -0.25% with open interest at 33.70 lakhs & long unwinding with addition in OI at +35.31% and 75% rollovers into March fut, Banking and Financials saw positive long rollovers. Sectors to watch today- Positive/neutral- Banking, Finanicals, Metals, Services, Defence sectors, Negative/neutral - Auto, fmcg, Smallcap & Midcaps, Pharma, Media, Consumption,IT. Stocks to watchout today- POSITIVE- Bajaj finance, Cholafin, Aubank, Shriramfin, Voltas, Chambalfert, Sbicard, Hindalco, Sunpharma, Petronet lng, Titan, Coalindia. NEGATIVE- BSE, VBL, KEI, Persistent, Ultratechcem, Cdsl, IEX, Adanigreen, Cgpower, Trent, Granules. Good morning!!! Have a Good trading day!!! 👍