Axis NIFTY IT ETF technical analysis

According to the latest Pivot data, Axis NIFTY IT ETF’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹356.49, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹360.57, ₹366.73, and ₹370.81, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹350.33, ₹346.25, and ₹340.09, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Axis NIFTY IT ETF’s price movement.