*3rd Jun 2025 Markets outlook for the day* Yesterday #usmarkets - US markets close positive after cutting inital losses. US futures dip as trump tariffs jitters persists, Economic xues awaited. Global markets sentiment neutral to positive. Asian markets trade positive in early morning trades India VIX rebound to 17.16 from 16.08 as Indian markets saw volatile session with negative close. Indian Rupee muted against dollar, USDINR at 85.40 from 85.45 Global currency & Bonds- US Dollar index falls and trades at 98.75 from 99.15 on trade jitters and Euro gains. US 10 yr Bond yields muted at 4.44 from 4.41 Global Commodities - Comex Gold prices rise at $3390 from $3322 on dollar weakness and trade jitters. Comex Silver trade positive at $34.35 from $33.16 on trade tensions and dollar weakness. Comex copper muted at $4.78 from $4.85 on subdued trades. Brent Crudeoil rise at $65.10 per barrel from $64.05 on Russia Ukraine tensions and Iran tensions dent supply. Natural Gas prices rise at $3.75 from $3.53 on Russia Ukraine escalations and supply concerns. Indian markets cash & Derivatives data - Yesterday Fii's were net sellers of -2589Cr in cash markets in previous trading session while Dii's were net buyers of +5314Cr in cash market. May series Fii's are negative in index fut & added shorts in index fut to -79k contracts from -78k shorts in index fut and net longs in stock futures. Pro traders are net sellers in index fut of -14k from -13k and net longs stock futures. Dii's were net longs in index fut of 41k and net shorts in stock futures. Retail are net positive in index futures and added longs in index fut to +63k from +58k contracts longs and net longs in stock futures. Options data - June Nifty Monthly expiry has highest put writing at 24200/24400 Strikes while 25500/25000 calls strikes has highest call writing while Weekly put writing seen at 24700/24800 put strikes while Weekly call writing seen at 25000/25100 call strikes. Banknifty June monthly call writing seen 56000/56500 strikes and major put writing seen at 55000/54500 strikes. Sensex Jun weekly expiry major call writing seen at 82000/82500 while put writing seen at 80000/80500 strikes Sensex Weekly expiry today can see volatility in markets with wild swings. PCR Ratio of Nifty PCR at 0.71 from 0.79 and Bank nifty PCR at 1.02 from 1.05 while Sensex PCR at 0.71 from 0.72 Indices performance - Yesterday Indian markets saw negative session but sharp recovery from lows with volatility while IT, Pharma, Metals sectors saw selling pressure while Reality, Auto, Fmcg, banks, Financials, PSUBanks, media saw positive momentum. Market views & news - US tariff jitters, economic woes and debt worries driving US markets. Ukraine- Russia fresh escalations and tensions spike energy prices. Chinese manufacturing PMI shriks in may on trade wars bites. Technical view : Yesterday #nifty opened lower and saw smart recovery from lows with volatile moves throughout the day to close lower at 24716 with positive market breadth 9:7 Adv:Dec Ratio. Nifty trading below 5EMA 24760 & below 10EMA 24758 & above 20EMA 24605 & above 50 EMA 24190 Nifty trading range expected 24400-25300 zone for next few sessions ahead. Nifty major trend is neutral to sideways in range of 24520-25120 Today's Nifty big support is at 24495/24525 zone & big resistance at 24925/24945 zone Nifty trading above 200EMA 23655 & above 200 SMA 24090 and above 100 EMA 23960 zone. Today Nifty minor support seen at 24605/24625 while major support seen at 24505/24525 While minor resistance seen at 24755/24770 zone while major resistance seen at 24849/24865 zone. Daily CPR at 24777 Weekly CPR at 24835 Monthly CPR at 24600 Nifty May fut closed negative -0.29%. Nifty fut OI at 1.32Cr with short build up & addition in OI by +1.60% indicating negative bais. Nifty structure is neutral in short term with trading range of 24450-25100, Directional trades only beyond the range breakout. Yesterday #banknifty opened lower and smart recovery from days lows with positive momentum throughout the day to close positive at 55903 highest Daily close. Major support seen at 55395/55430 zone and major resistance at 56090/56120 zone. Banknifty trades above 5 EMA of 55635 and above 10 EMA 55450 and trading above 20 EMA 55065 & below 20 SMA 55095 and above 50EMA 53725/above 50SMA 53560 and trading above 100EMA 52560 & Bank nifty trading above 200EMA 51390/ above 51525 200 SMA. For today Bank nifty minor support seen at 55685/55730 zone while major support seen at 55365/55430 zone and minor resistance seen at 56095/56055 zone while major resistance seen at 56370/56395 zone Daily CPR at 55635 Weekly CPR at 55550 Monthly CPR at 55035 Bank nifty view is positive in short term with range of 54800-57000. Bank nifty fut closed positive at +0.18% with open interest at 19.20 lakhs & long buildup with addition in OI at +3.90% indicating positive bais. Banknifty trend neutral to positive in range of 54800-56900 buy on dips with stoploss 55050 and tgt 57000 Sectors to watch today- Positive/neutral- Banks, Psubank, Auto, media, Smallcaps, midcap, Financials, psubanks, Fmcg, Reality. Negative/neutral - IT, Metals, PSE, Fmcg, Media, Energy, CPSE, Defence, pharma. Stocks to watchout today- POSITIVE- Cdsl, Indian bank, Cams, Unionbank, Paytm, Angelone, Yesbank, Prestige, Pnbhousing, Adanient, Adaniports, Delhivery, Glenmark, Biocon. NEGATIVE- Mazdock, Mphasis, Persistent systems, Heromotorcop, Marico, Bdl, Inoxwind, Techmah, Hdfclife, Voltas. Good morning!!! Have a Good trading day!!! 👍