Nippon India Nifty Auto ETF technical analysis

According to the latest Pivot data, Nippon India Nifty Auto 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 ₹239.61, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹241.49, ₹243.87, and ₹245.75, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹237.23, ₹235.35, and ₹232.97, 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 Nifty Auto ETF’s price movement.