Groww Nifty India Defence ETF technical analysis

According to the latest Pivot data, Groww Nifty India Defence 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 ₹90.73, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹91.85, ₹92.86, and ₹93.98, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹89.72, ₹88.6, and ₹87.59, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Groww Nifty India Defence ETF’s price movement.