Nifty 50 Intraday Levels (June 16 — Weekly Expiry)Nifty 50 IndexNSE:NIFTYpaashuNifty 50 Intraday Levels (June 16 — Weekly Expiry) Major Resistance 2: 24,089 – The ultimate short-covering target, likely to trigger aggressive moves if call writers are forced to exit. Immediate Resistance 1: 23,973 – 24,000 – The primary supply wall. Following Monday’s rejection, heavy call concentration at the 24,000 strike creates a rigid ceiling for price action. Expiry Pivot: 23,895 – The baseline for intraday equilibrium. Holding above this level is essential for maintaining a constructive short-term trend. Immediate Support 1: 23,779 – 23,818 – Monday’s intraday swing low. Significant put writing in this zone provides an initial safety cushion for the bulls. Crucial Support Floor: 23,702 – The "line in the sand." Supported by a strong institutional put wall; a break below this level would signal a decisive shift in control toward the bears. ---------------------------------------------------------------------------------------------------------------- The 24,000 Cap Dynamics: Avoid chasing long positions if the market pushes into the 23,970–24,000 supply zone without significant prior consolidation. Monday’s session demonstrated strong selling pressure at this round-number resistance. Until the index achieves a clean 15-minute candle close above 24,011, expect sellers to continue looking for shorting opportunities near these highs.