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 ₹397.11, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹399.3, ₹400.45, and ₹402.64, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹395.96, ₹393.77, and ₹392.62, 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.