UTI Nifty IT ETF technical analysis

According to the latest Pivot data, UTI Nifty IT 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 ₹309.63, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹313.69, ₹317.51, and ₹321.57, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹305.81, ₹301.75, and ₹297.93, 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 IT ETF’s price movement.