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 ₹301.5, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹305.4, ₹309.92, and ₹313.82, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹296.98, ₹293.08, and ₹288.56, 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.