HDFC Nifty Banking ETF Resistance and Support
Pivot 59.12
Time Period:
Resistance
First Resistance
59.37
Second Resistance
59.75
Third Resistance
60
Support
First Support
58.74
Second Support
58.49
Third Support
58.11
HDFC Nifty Banking ETF Resistance and Support Summary
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 ₹59.12, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹59.37, ₹59.75, and ₹60, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹58.74, ₹58.49, and ₹58.11, 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.
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