Nippon India Nifty Pharma ETF technical analysis

According to the latest Pivot data, Nippon India Nifty Pharma 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 ₹22.04, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹22.58, ₹23.26, and ₹23.8, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹21.36, ₹20.82, and ₹20.14, 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 Pharma ETF’s price movement.