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 ₹417.55, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹419.6, ₹422.04, and ₹424.09, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹415.11, ₹413.06, and ₹410.62, 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.