
Yieldcapitals Financial Services
June 5, 2025 at 03:16 AM
*5th Jun 2025 Markets outlook for the day*
Yesterday #usmarkets -
Wall street ends flat as weaker labor data stoke economic jitters.
US futures muted amid weak jobs data and trade uncertainty.
Global markets sentiment neutral to positive.
Asian markets trade muted in early morning trades
India VIX lower at 15.75 from 16.56 as Indian markets saw volatile session with positive close.
Indian Rupee depreciate against dollar, USDINR at 85.80 from 85.56
Global currency & Bonds-
US Dollar index lower at 98.70 from 99.25 on weaker US Jobs data and economic jitters.
US 10 yr Bond yields lower at 4.36 from 4.44
Global Commodities -
Comex Gold prices positive at $3398 from $3389 on dollar weakness on economic uncertainty and trade jitters
Comex Silver trade muted at $34.69 from $34.76 on trade jitters and US economic data.
Comex copper muted at $4.89 from $4.88 on supply concerns.
Brent Crudeoil fall at $64.70 per barrel from $65.50 on US stock pile build and Saudi price cuts
Natural Gas prices muted at $3.69 from $3.70 on despite supply concerns.
Indian markets cash & Derivatives data -
Yesterday Fii's were net buyers of +1076Cr in cash markets in previous trading session while Dii's were net buyers of +2567Cr in cash market.
June series Fii's are negative in index fut & added shorts in index fut to -102k contracts from -103k shorts in index fut and net longs in stock futures.
Pro traders are net sellers in index fut of -14k from -11k and net longs stock futures.
Dii's were net longs in index fut of 44k and net shorts in stock futures.
Retail are net positive in index futures and added longs in index fut to +69k from +70k 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 24500/24400 put strikes while Weekly call writing seen at 24800/24900 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 80000/79500 strikes
PCR Ratio of Nifty PCR at
0.67 from 0.57 and
Bank nifty PCR at 0.81 from 0.87 while
Sensex PCR at 0.55 from
0.62
Indices performance -
Yesterday Indian markets saw positive session with most sectors closing positive while Reality closed negative.
Market views & news -
US Non farm employment data negative.
Crudeoil oil lower on higher inventory and price cuts by Saudi.
Ukraine- Russia fresh escalations and tensions spike energy prices.
RBI policy this week 25Bps cut priced in already a 50Bps cut will be a surprise.
Technical view :
Yesterday #nifty opened positive and saw buying throughout the day to close positive at 24620 with positive market breadth 7:5 Adv:Dec Ratio.
Nifty trading below 5EMA 24670 & below 10EMA 24708 & at 20EMA 24605 & above 50 EMA 24190
Nifty major trend is neutral to sideways in range of 24300-25000 Today's Nifty big support is at 24425/24395 zone & big resistance at 24905/24885 zone
Nifty trading above 200EMA 23675 & above 200 SMA 24070 and above 100 EMA 23990 zone. Today Nifty minor support seen at 24565/24575 while major support seen at 24495/24515 While minor resistance seen at 24685/24670 zone while major resistance seen at 24719/24745 zone.
Daily CPR at 24630
Weekly CPR at 24835
Monthly CPR at 24600
Nifty May fut closed positive +0.19%.
Nifty fut OI at 1.27Cr with long unwinding & reduction in OI by -0.11% indicating negative bais.
Nifty structure is neutral to negative in short term with trading range of 24350-24760,
Directional trades only beyond the range breakout.
Yesterday #banknifty opened lower and saw burying interest from lows to move higher to close at positive at 55676
Major support seen at 55195/55220 zone and major resistance at 56060/56090 zone.
Banknifty trades above 5 EMA of 55650 and above 10 EMA 55523 and trading above 20 EMA 55195 & below 20 SMA 55215 and above 50EMA 53855/above 50SMA 53805 and trading above 100EMA 52680 &
Bank nifty trading above 200EMA 51460/ above 51585 200 SMA.
For today Bank nifty minor support seen at 55385/55400 zone while major support seen at 55145/55120 zone and minor resistance seen at 55895/55935 zone while major resistance seen at 56060/56095 zone
Daily CPR at 55740
Weekly CPR at 55554
Monthly CPR at 55035
Bank nifty view is positive in short term with range of 54800-57000.
Bank nifty fut closed positive at +0.10% with open interest at 19.80 lakhs & long buildup with addition in OI at +1.11% indicating neutral 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, IT, Defence.
Negative/neutral -
Metals, PSE, Fmcg, Media, Energy, CPSE, pharma.
Stocks to watchout today-
POSITIVE-
Dixon, Eternal, Mcx, Bse, Cesc, Rvnl, Policybazaar, PIIND, Jubfood, Astral, Supremeind, Bhartiairtel, Maruti.
NEGATIVE-
Abfrl, Cholafin, Alkem, Manappuram, Bajajfinserv, Trent, BDL, VBL, HAL, Lichousing, PFC.
Good morning!!!
Have a Good trading day!!! 👍