UTI Nifty Bank ETF technical analysis

According to the latest Pivot data, UTI Nifty Bank 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 ₹62.85, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹63.3, ₹64, and ₹64.45, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹62.15, ₹61.7, and ₹61, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in UTI Nifty Bank ETF’s price movement.