SBI Nifty50 Equal Weight ETF technical analysis

According to the latest Pivot data, SBI Nifty50 Equal Weight 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 ₹31.2, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹31.57, ₹31.94, and ₹32.31, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹30.83, ₹30.46, and ₹30.09, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in SBI Nifty50 Equal Weight ETF’s price movement.