*6th Jun 2025 Markets outlook for the day* Yesterday #usmarkets - Wall street ends lower on Tesla rout as trump/musk relationship blows out. US futures steady ahead of Important Jobs data tonight. Global markets sentiment neutral to positive. Asian markets trade muted to positive in early morning trades India VIX lower at 15.08 from 15.75 as Indian markets saw volatile session with positive close. Indian Rupee depreciate against dollar, USDINR at 85.86 from 85.80 Global currency & Bonds- US Dollar index muted at 98.65 from 98.70 after weaker jobless claims data and Euro strenght. US 10 yr Bond yields muted at 4.38 from 4.36 Global Commodities - Comex Gold prices subdued at $3388 from $3398 despite dollar weakness. Comex Silver trade higher at 13 yr highs at $36.07 from $34.69 on robust demand and supply worries. Comex copper positive at $4.92 from $4.88 on supply concerns. Brent Crudeoil rebound to $65.30 per barrel from $64.70 on trump/Xi progress on talks and geopolitical tensions of Russia Ukraine. Natural Gas prices muted at $3.678 from $3.69 on higher storage data. Indian markets cash & Derivatives data - Yesterday Fii's were net sellers of -208Cr in cash markets in previous trading session while Dii's were net buyers of +2383Cr in cash market. June series Fii's are negative in index fut & added shorts in index fut to -107k contracts from -102k shorts in index fut and net longs in stock futures. Pro traders are net sellers in index fut of -1k from -14k and net longs stock futures. Dii's were net longs in index fut of 39k 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 24900/25000 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 PCR Ratio of Nifty PCR at 0.97 from 0.67 and Bank nifty PCR at 0.83 from 0.81 while Sensex PCR at 0.77 from 0.55 Indices performance - Yesterday Indian markets saw positive session with most sectors closing positive while Psubank, Auto, media closed negative. Market views & news - US jobless claims data weaker than estimates indicating more economic uncertainty. Today's Non farm payrolls, unemployment rate and Avg hourly earnings data will be crucial for US markets and USD. Ukraine- Russia fresh escalations and tensions spike energy prices. RBI policy today 25Bps cut priced in already a 50Bps cut will be a surprise for markets. Trump/ Musk row slams Tesla stock price by 15% ECB cut interest rates by 25Bps to 2.15% from 2.40% cuts inflation and Growth projections as fall out from global trade wars. Technical view : Yesterday #nifty opened positive and saw buying from lows with volatility to close positive at 24751 with positive market breadth 7:4 Adv:Dec Ratio. Nifty trading above 5EMA 24707 & above 10EMA 24738 & at 20EMA 24638 & above 50 EMA 24218 Nifty major trading range of 24400-25000. Today's Nifty big support is at 24645/24595 zone & big resistance at 24905/24925 zone Nifty trading above 200EMA 23699 & above 200 SMA 24075 and above 100 EMA 24000 zone. Today Nifty minor support seen at 24685/24675 while major support seen at 24575/24545 While minor resistance seen at 24885/24860 zone while major resistance seen at 24919/24945 zone. Daily CPR at 24600 Weekly CPR at 24835 Monthly CPR at 24600 Nifty May fut closed positive +0.60%. Nifty fut OI at 1.26Cr with long buildup & addition in OI by 1.14% indicating positive bais. Nifty structure is neutral to positive in short term with trading range of 24550-24960, Directional trades only beyond the range breakout but overall positive bais buy on dips. Yesterday #banknifty opened lower and saw burying interest from lows to move higher to close at positive at 55760 Major support seen at 55195/55220 zone and major resistance at 56060/56090 zone. Banknifty trades above 5 EMA of 55703 and above 10 EMA 55600 and trading above 20 EMA 55295 & below 20 SMA 55285 and above 50EMA 53925/above 50SMA 53925 and trading above 100EMA 52750 & Bank nifty trading above 200EMA 51510/ above 51610 200 SMA. For today Bank nifty minor support seen at 55185/55210 zone while major support seen at 55059/55020 zone and minor resistance seen at 55995/56025 zone while major resistance seen at 56060/56095 zone Daily CPR at 55630 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 +0.11% with open interest at 19.70 lakhs & long buildup with addition in OI at +0.05% indicating neutral bais. Banknifty trend neutral to positive in range of 54800-56900 buy on dips with stoploss 55050 on closing basis and tgt 57000 Sectors to watch today- Positive/neutral- Banks, Psubank, Auto, media, Smallcaps, midcap, Financials, psubanks, Fmcg, Reality, IT, Defence, metals. Negative/neutral - PSE, Fmcg, Media, Energy, CPSE, pharma. Stocks to watchout today- POSITIVE- Vedl, Hindzinc, Hindcopper, Glenmark, Cdsl, Naukri, Eternal, HAL, Mcx, DRREDDY, Dlf, Coforge, Lauruslabs, Reliance, Hdfcamc, BEL, Paytm. NEGATIVE- Hudco, Sonacoms, Dixon, Cesc, Hpcl, Indusindbank, Pidilite, PAGEIND, Irb, Maxhealth, Iciciprulife, Delhivery. Good morning!!! Have a Good trading day!!! 👍