Pre-Market Report 21-June-2023

Nasdaq (-0.16%) and Dow Jones (-0.72%) show declines, indicating negative sentiment. Nasdaq futures (+0.04%) and Dow Jones futures (+0.02%) suggest a slight recovery but remain relatively flat. SGX-Nifty is down by -0.11%. FII net value is -1942.62 crores, indicating continued selling pressure from foreign institutional investors. DII net value is 1972.51 crores, reflecting buying activity from domestic institutional investors. US ADRs are bearish, aligning with the overall bearish sentiment. The previous day's BankNifty PCR was 0.89, and Nifty PCR was 1.02, indicating a cautious sentiment. Considering the global cues, negative market sentiment, and institutional selling, anticipate a continuation of the bearish trend for BankNifty and Nifty indices. #BearishTrend #BankNifty #Nifty #shorts