HDFC NIFTY IT ETF technical analysis

According to the latest Pivot data, HDFC 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 ₹31.59, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹32.74, ₹33.95, and ₹35.1, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹30.38, ₹29.23, and ₹28.02, 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 IT ETF’s price movement.