Kotak Nifty IT ETF technical analysis

According to the latest Pivot data, Kotak 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 ₹42.16, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹42.71, ₹43.46, and ₹44.01, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹41.41, ₹40.86, and ₹40.11, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Kotak Nifty IT ETF’s price movement.