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 ₹88.29, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹89.58, ₹91.96, and ₹93.25, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹85.91, ₹84.62, and ₹82.24, 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.