Mirae Asset Nifty IT ETF technical analysis

According to the latest Pivot data, Mirae Asset 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 ₹40.2, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹40.61, ₹41.19, and ₹41.6, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹39.62, ₹39.21, and ₹38.63, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mirae Asset Nifty IT ETF’s price movement.