SBI-ETF Nifty Next 50 technical analysis

According to the latest Pivot data, SBI-ETF Nifty Next 50’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 ₹701.24, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹706.8, ₹714.81, and ₹720.37, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹693.23, ₹687.67, and ₹679.66, 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-ETF Nifty Next 50’s price movement.