Motilal Oswal Nifty 500 ETF technical analysis

According to the latest Pivot data, Motilal Oswal Nifty 500 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 ₹23.09, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹23.28, ₹23.53, and ₹23.72, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹22.84, ₹22.65, and ₹22.4, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Motilal Oswal Nifty 500 ETF’s price movement.