Nifty Short & Medium Term Support&Resistance_12-Jan-26 to 16-JanNifty 50 IndexNSE:NIFTYkarthikssNifty Short & Medium Term Support&Resistance_12-Jan-26 to 16-Jan-26 Nifty 25683 (Last week 26328) Nifty lost near to 2.5% last week. Due to a new bill upto 500% tariff proposed by US for China, Brazil & India, global tensions related to US- Greenland, Iran & China- Taiwan issue. Nifty touched 25623 and bounced back to 25683 ( Closed above 2nd Short term Support 25670 provided last week). Market expected to dip further in the coming week but there is good short term support are there for indian market as mentioned below. It will be good opportunity for bottom fish the stocks and to buy mutual funds if it dips. As far as India is concerned, economy is moderate, awaiting Q3 results and budget for 2026-27 to be proposed on Ist Feb 2026. Market is in sideways and rangebound movement from Oct 2025 and created a new high 26329 two weeks before. Multiple Short Term resistances are there from 25000 - 25670 as listed below (especially 25200 to 25450 will be major support), hence downward movement below 25000 is not expected. on Upper side nifty need to break the resistance 26328 decisively to move up to 27000 target in med-long term. Since it is a Volatile situation SIP route or buy in multiple parcel route (On Dips) with a goal of 3-5 years ( Medium to Long term) will workout. Diversify the portfolio with Debt and liquid fund ( approx 20-30% portfolio) and 10-20% in Gold & Silver for Year 2026, this funds ( especially liquid funds will create funds availability for further buying opportunity incase of market dips like a Systematic transfer plan. 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,HPCL, BPCL, IOCL, Carysil, MAS Financial Services and BSE . Waaree Energies had an IT raid in its premises in Mid of Nov 2025. Outcome will take the stock forward. New stocks proposed for watchout for 29-Dec-25 to 02-Jan-26 is Indian Bank and NBCC, buy on dip as market in volatile situation. Both stocks reduced further and in buyable range. New Stocks ( to watchout For Jan Ist Week 2026) are ITC can be bought as it reduced significantly last week due to rumors in increase in tax on cigrattes. Other buy stock is Lupin, Consider buying with multiple parcel while it dips. All the above stocks can be considered slowly ( as multiple parcels) in case of stock price has fallen. RSI, MACD, Stochastic all indicators are in oversold situation and caution to be emphasised till each indicators move past its respective signal. Nifty Short Term Supports (Multiple Supports are there between 25000-25500): 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 1.26329 ( All time High) 2. 26500 3. 26700 ( Finonacci 1.618 as shown in graph) 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)