IT technical summary

At ₹36.45, Kotak Nifty IT ETF is trading 8.9% above its 50-day average of ₹33.48 and 9.9% above its 200-day average of ₹33.15. The 14-day RSI is 38.4, in the neutral range between 30 and 70. MACD is -0.38 against a signal line of -0.15, so the MACD line sits below its signal line. ADX(14) reads 16.4, a weak trend reading (below 20); ADX measures trend strength, not direction. The 52-week range is ₹28.54 to ₹44.49, with the price 50% of the way up it. Classic daily pivot levels from the 16 Sept 2026 session: pivot ₹32.76, resistance ₹33.33 and ₹33.82, support ₹32.27 and ₹31.7.