UTI Nifty Next 50 ETF technical analysis

According to the latest Pivot data, UTI Nifty Next 50 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 ₹74.47, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹75.44, ₹76.81, and ₹77.78, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹73.1, ₹72.13, and ₹70.76, 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 Next 50 ETF’s price movement.