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 ₹304.69, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹306.87, ₹310.04, and ₹312.22, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹301.52, ₹299.34, and ₹296.17, 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.