📊 Market Setup – 5 June 2026 $PRESTIGE $SBIN

📊 Market Setup – 5 June 2026 🔹 Market Mood: Cautiously Positive 🔹 Key Trigger Today: RBI Monetary Policy announcement and Governor's commentary will drive market direction. Markets are expecting the RBI to maintain rates, but guidance on inflation, liquidity, and growth will be crucial. 🔹 Global Cues: Ongoing Middle East tensions remain a concern. Brent crude prices are elevated, keeping inflation worries alive. Asian markets are mixed, resulting in a cautious opening bias. 🔹 GIFT Nifty: Indicates a flat-to-slightly positive opening for Indian markets. Nifty 50 Levels Support: 23,300 – 23,250 Resistance: 23,500 – 23,650 Above 23,500, momentum may improve toward 23,650–23,750. Below 23,300, profit booking may intensify. Bank Nifty Levels Support: 53,900 – 54,000 Resistance: 54,500 – 54,800 Banking stocks likely to remain highly sensitive to RBI commentary. Sectors in Focus ✅ Banking & Financials ✅ Realty ✅ Auto ✅ PSU Banks ⚠️ IT (under pressure from global concerns) ⚠️ Oil-sensitive sectors due to higher crude prices Trading Strategy Avoid aggressive positions before RBI policy. Focus on stock-specific opportunities. Trade breakouts only after confirmation post-policy announcement. Expect volatility during RBI Governor's speech. Market View: Range-bound till RBI policy; directional move expected after the announcement. Bulls have an advantage if Nifty sustains above 23,500. 📈