NIFTY100EW technical summary

At ₹35.56, Kotak Nifty 100 Equal Weight ETF is trading 5.3% above its 50-day average of ₹33.77 and 3.4% above its 200-day average of ₹34.38. The 14-day RSI is 38.4, in the neutral range between 30 and 70. MACD is -0.29 against a signal line of -0.16, so the MACD line sits below its signal line. ADX(14) reads 15.0, a weak trend reading (below 20); ADX measures trend strength, not direction. The 52-week range is ₹31.54 to ₹36.78, with the price 77% of the way up it. Classic daily pivot levels from the 16 Sept 2026 session: pivot ₹34.16, resistance ₹34.74 and ₹35.56, support ₹33.34 and ₹32.76.