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 ₹323.81, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹326.28, ₹328.47, and ₹330.94, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹321.62, ₹319.15, and ₹316.96, 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.