Nifty Short & Medium Term Support&Resistance_15-Dec to 19-Dec-25Nifty Short & Medium Term Support&Resistance_15-Dec to 19-Dec-25
Nifty 26046 (Last week 26186)
Long call ( Buy) was given on 12-Oct-25 at 24896, Nifty have crossed near to 1150 points.
Market Touched low of 25688 last week ( near to support Jun 2025 High and 0.618 Fibonacci Resistance) and bounced back and ended at 26046.
It was a buying opportunity.
Initially it was profit booking and Fed Rate Cut pushed the market up.
9.2% GDP growth of Q2 was released and may created a positive sign in the market despite trade deals issues. Putin's Visit to India, gave a hope for export and import deals other than petroleum imports.
However overall, Tariffs deal will decide the future path till Dec - Jan for the Nifty. Since it is a Volatile situation SIP route or buy in multiple parcel route (On Dips) with a goal of 3-5 years will workout. US Trade deal, 1st Feb budget and reforms if any will decide Nifty's path. US trade deal not being signed may create a worry for the market.
Some of the stocks to watchout given last week are HDFC AMC, NMDC, Apar, Sharda Crop, VRL Logistics, krishna Phos chem, Cipla, Dr Reddy, Natco pharma, Apl Apollo Tubes, Muthoot Finance ( On Dips) , tata Steel ( Contra Stock due to Business Cycle), Bank of Mah, BPCL, CG Power, hero motor, shriram finance and NRB bearings. Shared for Analysis purpose only. Dr Reddy, shriram fin, natco pharma, Hero moto corp,Muthoot Finance have already given more than 10% return in this 1 month. Waaree Energies had an IT raid in its premises in Mid of Nov 2025. Outcome will take the stock forward.
Current Short Term Resistance 26321 ( all time high). It need to break the resistance 26321 decisively to move up to 27000 target in med-long term.
As RSI is below 60% and MACD didnt cross the signal line, caution to be emphasized, though the strategy continued to be long and use the opportunity to buy on dips similar to SIP.
Nifty Short Term Supports (Multiple Supports are there between 25000-25500):
26000
25670 (Jun 2025 High)
25360-25420 ( Sep high and trendline support as shown in chart)
25300-25350 (Two Fibonacci resistance shown ) - Major Support
Hence 25300- 25420 acts as major short term support.
25500 ( 25441 Sep 18th 2025 High )
25450 ( 25442 is the Aug 2025 high)
25200 ( 25154 Aug 2025 high)
25000 ( Milestone)
Short Term Resistance
1.26321 ( All time High)
2. 26500
Medium Term Support:
1.24700 (Trend Line as shown)
2. 24000-24170 (Fibonacci Retracements Supports- Two Supports in this zone 24116 & 24171 as shown)
3. 23500-23700 (Fibonacci Retracements Supports- Two Supports in this zone 23608 & 23707 as shown)
2. 23000
Medium Term Resistance:
1.27000 ( Need to decisively break 26269 all time high) This resistance is based on Fibonacci resistance at 27034
Long term resistance:
1.28000 ( Need to decisively break and move up 27000)This resistance is based on Fibonacci resistance at 28106
Long Term Support
1.22700-23000 ( Trend line and Mar 2024 High)
2.Big support at 20000 (Sep 2023 high)
