Nifty 50 Intraday Levels -June 5
Resistance Levels:
- Major Resistance: 23,680 (Ultimate target contingent on a dovish RBI policy).
- Immediate Resistance: 23,550 (Primary multi-session ceiling; maximum Call Open Interest wall. A break above this post-10:00 AM may trigger significant short-covering).
Pivot:
- Macro Pivot: 23,400 (Baseline for today; expect high volatility around this level leading up to the RBI governor's announcement).
Support Levels:
- Immediate Support: 23,300 (A critical intraday swing floor established over the last 48 hours).
- Crucial Support Floor: 23,150 – 23,200 (Strong institutional Put writing zone; a closing break below this level would signal a shift toward bearish control for the coming weeks).
Resistance Levels:
- Major Resistance: 23,680 (Ultimate target contingent on a dovish RBI policy).
- Immediate Resistance: 23,550 (Primary multi-session ceiling; maximum Call Open Interest wall. A break above this post-10:00 AM may trigger significant short-covering).
Pivot:
- Macro Pivot: 23,400 (Baseline for today; expect high volatility around this level leading up to the RBI governor's announcement).
Support Levels:
- Immediate Support: 23,300 (A critical intraday swing floor established over the last 48 hours).
- Crucial Support Floor: 23,150 – 23,200 (Strong institutional Put writing zone; a closing break below this level would signal a shift toward bearish control for the coming weeks).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.