Pre-Market Report 5-June-2023

BankNifty and Nifty are expected to follow a bullish trend. Nasdaq (+1.07%) and Dow Jones (+2.12%) show significant gains, while Nasdaq futures (-0.30%) and Dow Jones futures (+0.03%) indicate mixed
signals. SGX-Nifty is up by +0.46%. FII net value is -658.88 crores, but DII net value is 581.85 crores, suggesting conflicting investor activity. US ADRs are bullish. BankNifty PCR stands at 0.72, and Nifty PCR at 0.74. No major news events reported. Overall, anticipate a positive momentum for BankNifty and Nifty indices. #BullishTrend #BankNifty #Nifty, #shorts