HDFC Nifty Banking ETF technical analysis

According to the latest Pivot data, HDFC Nifty Banking 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 ₹56.77, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹57, ₹57.37, and ₹57.6, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹56.4, ₹56.17, and ₹55.8, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in HDFC Nifty Banking ETF’s price movement.