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Nifty Spot – Pivot Levels 01/06/2026

Previous week it was mentioned that, Our view is Negative & below 23317 traders should use (22600- 21715) levels as an opportunity to buy. If the trend is strong Nifty will bounce back from 22600 levels, any close below should be treated as negative for the current uptrend. Currently, (24030-24480)-24830-(25190-25700) as sell areas. If sustain above 25700 we open for 26347 and later further to 26500-26700 area.

Nifty opened with a Gap Up and rallied to mark a high of 24089.80, breaching the 24030 level (1st sell area). However, the index failed to sustain above this zone and subsequently witnessed a sharp corrective move. Thereafter, selling pressure intensified, leading the index to extend its decline marking a low of 23484.75.
Now, Nifty closed at 23547.75.

Below 23484 (current week low), we have support levels at (22600- 21715) as bounce back levels.
If the trend is strong Nifty will bounce back from 22600 levels, any close below should be treated as negative for the current uptrend. As of now, (24160-24580)-24915-(25255-25740) as sell level areas.
If sustain above 25740 we open for 26347 and later further to 26500-26700 area.

Our view is Negative & below 23484 traders should use (22600- 21715) levels as an opportunity to buy. If the trend is strong Nifty will bounce back from 22600 levels, any close below should be treated as negative for the current uptrend.  Currently, (24160-24580)-24915-(25255-25740) as sell areas. If sustain above 25740 we open for 26347 and later further to 26500-26700 area.
 

Bank Nifty Spot – Pivot Levels 01/06/2026

Previous week it was mentioned, Our view is Negative & below 52783 traders should use (52072-49430) levels as an opportunity to buy. If the trend is strong Bank Nifty will bounce back from 52072 levels, any close below should be treated as negative for the current uptrend. Currently, (54910-56220)-57280-(58340-59850) as sell level areas. If sustain above 59850 we open for 61765 and later further to (62540-63470) area.

Bank Nifty opened with a Gap Up and rallied to mark a high of 55536.80, crossing above 54910 (1st sell area). Thereafter, the index faced rejection at higher levels and witnessed selling pressure, leading to a corrective move marking a low of 54116.15. Despite the initial strength, the index failed to sustain above resistance and traded with a negative bias, indicating profit booking at higher zones. Price action suggests lack of follow-through buying and emerging supply near resistance levels. Now, Bank Nifty closed at 54239.20.

Below 54116 (current week low), we have support levels at 53930-(52072-49430) as bounce back levels.
If the trend is strong Bank Nifty will bounce back from 52072 levels, any close below should be treated as negative for the current uptrend. As of now, (55920-57040)-57940-(58840-60130) as sell level areas.
If sustain above 60130 we open for 61765 and later further to (62540-63470) area.

Our view is Negative & below 54116 traders should use 53930-(52072-49430) levels as an opportunity to buy. If the trend is strong Bank Nifty will bounce back from 52072 levels, any close below should be treated as negative for the current uptrend. Currently, (55920-57040)-57940-(58840-60130) as sell level areas. If sustain above 60130 we open for 61765 and later further to (62540-63470) area.

SMS subject to  Disclosures and Disclaimer goo.gl/8bCMyQ

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