INFRA technical summary

At ₹11.98, Mirae Asset Nifty India Infrastructure & LogisticsETF is trading 3.9% above its 50-day average of ₹11.53 and 2.3% above its 200-day average of ₹11.71. The 14-day RSI is 24.3, in oversold territory (30 or below). MACD is -0.12 against a signal line of -0.07, so the MACD line sits below its signal line. ADX(14) reads 29.7, a strong trend reading (25 or above); ADX measures trend strength, not direction. The 52-week range is ₹10.14 to ₹13.27, with the price 59% of the way up it. Classic daily pivot levels from the 16 Sept 2026 session: pivot ₹11.52, resistance ₹11.61 and ₹11.67, support ₹11.46 and ₹11.37.