HDFC NIFTY Next 50 ETF technical analysis

According to the latest Pivot data, HDFC NIFTY Next 50 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 ₹70.7, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹71.35, ₹72.35, and ₹73, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹69.7, ₹69.05, and ₹68.05, 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 Next 50 ETF’s price movement.