Nifty & Bank Nifty Pivot Points — Wednesday, 3 June 2026

Morning folks. Quick one before the bell — yesterday was a proper trend day on both indices, especially Bank Nifty which ripped a 1272 point range and closed near the highs. That changes how I'm looking at today's levels.

Levels I actually care about today

Bank Nifty 54,647 (R1)

BNF closed at 54,185 — basically right under R1. After a 1200+ point expansion day closing strong, how price behaves around 54,650 is the thing to watch. A clean acceptance above opens up 55,100 (R2) pretty quickly given yesterday's momentum. Rejection here and we're likely back into the pivot zone around 53,830. This is the only level I'd genuinely build a plan around on BNF today.

Nifty 23,526 (R1) and 23,405 close

Nifty closed 120 points above its pivot but still 120 below R1. That puts us in a bit of a no-man's land at open. 23,526 is the level — sustained move above it and the path to 23,647 opens. Below 23,338 (PP) and the bias shifts toward retesting 23,218. Fwiw, with BNF leading the strength yesterday, Nifty's follow-through above R1 is worth watching closely.

Bank Nifty 53,375 (S1) — the "if things turn" level

Heads up: given how stretched BNF closed, any gap-down or early weakness that breaks 53,830 pivot could travel fast to S1 at 53,375. Not predicting it, just flagging because yesterday's low was 53,027 — so S2 (52,565) is below yesterday's range and would need a real catalyst.

Full pivot tables for reference

Nifty 50

S3	S2	S1	PP	R1	R2	R3
22,910	23,031	23,218	23,339	23,526	23,647	23,834

Bank Nifty

S3	S2	S1	PP	R1	R2	R3
52,103	52,565	53,376	53,837	54,648	55,110	55,920

Live levels updating through the session here: /nifty-pivot-points-today.