Kotak Nifty Alpha 50 ETF technical analysis

According to the latest Pivot data, Kotak Nifty Alpha 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 ₹49.78, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹50.19, ₹50.91, and ₹51.32, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹49.06, ₹48.65, and ₹47.93, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Kotak Nifty Alpha 50 ETF’s price movement.