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 ₹302.18, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹304.36, ₹307.7, and ₹309.88, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹298.84, ₹296.66, and ₹293.32, 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.