NIFTY Levels (07-04-2026)Nifty 50 IndexNSE:NIFTYpaashuNifty 50 Pivot Points (7 April 2026) Level Type ValueSignificance Resistance 2 (R2)23,289Major hurdle; a breakout here targets 23,500. Resistance 1 (R1)23,128Immediate supply zone; heavy Call writing starts here. Pivot Point (P) 22,836 The neutral "center" line; staying above this favors bulls. Support 1 (S1) 22,673First defensive floor for intraday dips. Support 2 (S2) 22,381Major demand zone; aligns with today's intraday lows. ---------------------------------------------------------------------------------------------------------------------- Bullish Case: If Nifty opens above the Pivot (22,836) and stays there, the first target is R1 (23,128). Decisively crossing the 23,000 psychological mark will bring more buyers. Bearish Case: If Nifty slips below 22,836, it may drift to test S1 (22,673). A breakdown below S1 would indicate that today's recovery was a "dead cat bounce."