Kotak Nifty Midcap 50 ETF technical analysis

According to the latest Pivot data, Kotak Nifty Midcap 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 ₹173.03, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹175.06, ₹177.5, and ₹179.53, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹170.59, ₹168.56, and ₹166.12, 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 Midcap 50 ETF’s price movement.