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 ₹32.82, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹33.88, ₹34.98, and ₹36.04, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹31.72, ₹30.66, and ₹29.56, 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.