NIFTY Levels for june 3, 2026Nifty 50 IndexNSE:NIFTYpaashu### Market Analysis: Nifty 50 Levels & Context **Major Resistance 2: 23,650 – 23,654** This represents the June 1 opening level and serves as a primary gap-fill target. Expect significant intraday supply pressure at this zone. **Immediate Resistance 1: 23,556** Tuesday’s swing high. A decisive breakout above this level during early trading is expected to trigger a momentum-driven short-covering move. **The Trend Pivot: 23,450** Yesterday’s baseline. The primary condition for a bullish bias is for the index to maintain a 15-minute closing candle above 23,450 following any morning gap-up. **Immediate Support 1: 23,350** Supported by significant Put Open Interest (OI) accumulated during Tuesday's recovery, this zone acts as a reliable intraday floor. **Major Structural Floor: 23,200 – 23,230** A critical technical area that perfectly aligned with the 200-week moving average yesterday. This remains the definitive level for the medium-term trend; a failure to hold this support would signal a structural breakdown.