VALUEAXIS technical summary

At ₹32.3, Axis Nifty500 Value 50 ETF is trading 3.0% above its 50-day average of ₹31.36 and 1.3% above its 200-day average of ₹31.9. The 14-day RSI is 33.2, in the neutral range between 30 and 70. MACD is -0.19 against a signal line of -0.10, so the MACD line sits below its signal line. ADX(14) reads 21.0, an emerging trend (20 to 25); ADX measures trend strength, not direction. The 52-week range is ₹29.36 to ₹34.05, with the price 63% of the way up it. Classic daily pivot levels from the 16 Sept 2026 session: pivot ₹31.93, resistance ₹32.25 and ₹32.59, support ₹31.59 and ₹31.27.