Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF technical analysis

According to the latest Pivot data, Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 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 ₹49.62, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹50.04, ₹50.8, and ₹51.22, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹48.86, ₹48.44, and ₹47.68, 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 Midsmallcap400 Momentum Quality 100 ETF’s price movement.