Motilal Oswal Nifty India Defence ETF technical analysis

According to the latest Pivot data, Motilal Oswal Nifty India Defence 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 ₹102.49, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹103.13, ₹103.64, and ₹104.28, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹101.98, ₹101.34, and ₹100.83, 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 India Defence ETF’s price movement.