Nifty Short & Medium Term Support&Resistance_01-Dec to 5-Dec-25Nifty Short & Medium Term Support&Resistance_01-Dec to 5-Dec-25
Nifty 26202 (26068- Last week)
Long call ( Buy) was given six weeks before at 24896, Nifty crossed near to 1300 points.
Quarterly results of companies are released and so far it have mixed - Postive results.
Margins and revenue growth are major concern, Net profit being achieved by savings on employee cost and other savings. To be more cautious on picking the right stock and rebalance the portfolio. The stocks posted Moderate to Good Results have increased and taken the Nifty near to all time high.
Last week, 9.2% GDP growth of Q2 was released and may created a positive sign in the market depsite trade deals issues.
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 Warree Energies, HDFC AMC, NMDC, Apar, Sharda Crop, VRL Logistics, krishna Phos chem, Cipla, Dr Reddy, Natco ( Buy on Dip as still there is negative trend), 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. 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. Add NRB Bearings to the list.
The strategy continued to be long and use the opportunity to buy on dips similar to SIP.
Current Short Term Resistance 26270 ( all time high). It need to break the resistance 26270 decisively to move up to 27000 target in med-long term. As RSI is up more than 80% for more than two weeks, room to go higher will be less in short term.
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
1.26269 ( 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)
