Motilal Oswal Nifty Midcap 100 ETF technical analysis

According to the latest Pivot data, Motilal Oswal Nifty Midcap 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 ₹64.11, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹64.57, ₹65.24, and ₹65.7, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹63.44, ₹62.98, and ₹62.31, 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 Midcap 100 ETF’s price movement.