Nifty & Bank Nifty Pivot Points — Monday, 6 July 2026
Nifty & Bank Nifty Pivots — Monday, 6 July 2026
Friday's session was a narrow one for Nifty — a 172-point range is tight by recent standards, and the close at 24,430 sits in the upper third of that range. That kind of close-near-high on a compressed range usually means Monday opens with the market still leaning on Friday's decision, with the pivot at 24,392 sitting just below spot. R1 at 24,497 is barely 0.27% away — a routine opening tick can put price there — which makes it the level to watch first rather than R2/R3, which would need a proper trend day to reach.
Bank Nifty's 539-point range was closer to average, and the close at 58,291 is also in the upper half but not pinned to the high. The pivot at 58,236 is essentially where price closed — spot is sitting right on it. That's a classic pivot-day setup where the first 30 minutes usually pick the side. S1 at 57,994 and R1 at 58,533 form a natural intraday envelope; a break either way opens the door to S2/R2, both roughly 1% out.
Gap scenarios: a Nifty gap-up above 24,497 flips R1 into support and puts 24,564 in play; a gap-down under 24,325 shifts focus to S2 near 24,220. For Bank Nifty, a gap that holds above 58,533 or below 57,994 is what separates a range day from a trend day — inside that band, expect mean reversion around the pivot.
Nifty 50 — Pivot Levels
| Level | Value | % from close |
|---|---|---|
| R3 | 24,668.52 | +0.98% |
| R2 | 24,563.58 | +0.55% |
| R1 | 24,496.97 | +0.27% |
| PP | 24,392.03 | −0.16% |
| S1 | 24,325.42 | −0.43% |
| S2 | 24,220.48 | −0.86% |
| S3 | 24,153.87 | −1.13% |
Bank Nifty — Pivot Levels
| Level | Value | % from close |
|---|---|---|
| R3 | 59,071.64 | +1.34% |
| R2 | 58,774.47 | +0.83% |
| R1 | 58,532.98 | +0.41% |
| PP | 58,235.82 | −0.10% |
| S1 | 57,994.33 | −0.51% |
| S2 | 57,697.16 |