Nifty Short Medium Long Support Resistance 16th-20th Mar-26Nifty 50 IndexNSE:NIFTYkarthikssNifty 23151 ( Prev Week 24450 ) Nifty dipped by 1300 points last week ( 5.3%) Market Clearly broke the 24000 and 23500 support after resisting for a short period. The nifty dropped due to the war in middle east between israel and iran with closing of gulf of homurz affecting middle east countries and other countries. Especially India due to the LPG, Fertilizer and likely trigger for Fuel Shortage. Apart from oil tanker movement in gulf of homurz, essential goods movement also affected, Entire flight operation stopped, except emergency flight to UAE, Saudi & Oman. As still global tension prevails (war in middleast), high volatility is expected, use this opportunity to buy slowly. Assuming all time high of 26380 is target from current 23151 (14%) If it drops to 22500, from there it will be (17% up) which can be achieved in 12-15 months, once war issue is resolved. Hence accumulate slowly on dips. Once market formed a reversal watchout for crossing 24000 level decisively. crude price (brent) skyrocketed from 70 usd & crossed 100 usd. gold reduced slightly and currently near to 5000 ( last week 5171 usd / Ounce) Nifty Bank dropped from 53752 (Last week 57780 & two weeks before it was 61172 ) 12% drop in three weeks. Nifty Pharma didnt dropped much . All time high 23844 to currently 22832 Nifty IT dropped 1000 points and settled at 29071 (All time high 40286) Please watch my induvial analysis report for support for these three index. RSI 24%, MACD in negative for 3 weeks, Stochastic is at 1.2%, all three are in oversold situation for last three weeks. Some stocks to watchout for given on 8-mar-26 sbi HDFC Bank icici bank TCS Infosys tata steel Bajaj fin(for large cap and stability) Muthoot finance south Indian bank Karnataka bank union bank coforge Persistent system, Waaree Energies , CPCL , BPCL, NMDC, Apar, Sharda Crop, apl apollo tubes, nalco, bank of mah & lupin As i am emphasizing for more than 4 months now, that the situation is highly Volatile, SIP route or buy in multiple parcel route (On Dips) with a goal of 3-5 years ( Medium to Long term) will workout. Considering the global situation, diversify the portfolio with Debt and liquid fund ( approx 10-15% portfolio) and 10% in Gold for Year 2026, 10% in US Nasdaq stocks/ MF, especially liquid funds will create funds availability for further buying opportunity incase of market dips like a Systematic transfer plan. Nifty Short Term Supports : 23000 -22840- ( Fib support)-22500 Short Term Resistance ( multiple resistance from 24900 to 25600) 24000 Med Term support 22340 ( Fib Support) 22000 Med Term Resistance (Trend Line as shown) 25000 25200 ( 25154 Aug 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. 25450 ( 25442 is the Aug 2025 high) 25500 ( 25441 Sep 18th 2025 High ) 26000 26372 All time High) Long Term Resistance( Many from 25000-26320) 1.27000 2.28000 Long Term Support 21750 (Fib Support) 21450 21000 Worst Case 20000