Nippon India ETF Nifty IT technical analysis

According to the latest Pivot data, Nippon India ETF Nifty IT’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 ₹41.9, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹42.46, ₹42.97, and ₹43.53, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹41.39, ₹40.83, and ₹40.32, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Nippon India ETF Nifty IT’s price movement.