Nifty short med long term support resistances 20-Apr to 1-May-26Nifty 50 IndexNSE:NIFTYkarthikssAfter 40 days of Middle East War and followed by ceasefire, market is up at nifty 24353. Still Situation is not fully restored.deal is not finalised. still question on Who will pay the compensation for damage and control of Hormuz are still a question and Hpormuz is in closed condition. Hence be cautious and buy on dip below 23000 if it falls and near to three week low 22200 and other support levels shown below), Sell if stocks already in good profits. Q4 results are coming out slowly, IT stocks posted muted results and IT index have fallen. HDFC bank and ICICI bank posted avg results. other results are awaited. Nifty bank is the biggest profitable in index as highlighted in my previous reports. Nifty Bank dropped from 53752 (15-Mar-2026) to 50000 and rebounded to 55500 (08-Apr-26) and 56565 currently. A Clear 13% profit . Hence 50000-52000 level support can be seen and can be bought if falls again. Nifty IT from 29000 fell down to 28280 touched the bottom and bounced back sharply to 31809 (Clear near to 12.4% up from bottom mainly from 5th to 7th Apr 2026). As of now this 28000 level is good support level. Nifty Pharma from 22839 fell down 21200 and currently index is near to 22500 ( flat) Nifty Midcap select and nifty small cap 250 also provided decent results from the dip to till date. The support and Resistances posted on 15-Mar-26 is still intact. It was a buying opportunity at 22200 for Long Term as mentioned in the report. Nifty Supported effective at 22340/22000 Mid Term Support Currently near at 23925 (short term resistance 24000) Above 24000 decisively, the Mid resistance at 25000-25500 ( Multiple Resistance) Crude price (brent) skyrocketed from 70 usd & touched 120 usd and reduced to 84 usd. gold reduced to 4100 Usd / Ounce ( from 5100 usd /ounce two weeks before) and reversed to 4837 usd / ounce currently Bitcoin is increased to 75000 level from Mar 1st - 65700 level . 15-Mar-2026 Report buy on dips and it still continues: 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. Nifty Short Term Supports : 23000 -22840- ( Fib support)-22500 Short Term Resistance Ist Resistnace at 24900 , IInd Resistance at 25500) , should cross decisively 24350-24400 Med Term support 22340 ( Fib Support) 22000 Med Term Resistance (Trend Line as shown) 26000 26372 All time High) Long Term Resistance shall cross all time high 26372 decisively. next target are 27000 28000 Long Term Support 21750 (Fib Support) 21450 21000 Worst Case 20000 Some stocks to watchout for given on 8-mar-26 still continues and many stocks have raised so far. sbi HDFC Bank icici bank TCS( IT stocks strictly on dips) Infosys tata steel Bajaj fin(for large cap and stability) Muthoot finance south Indian bank Karnataka bank union bank coforge Persistent system, Waaree Energies ( gave good q4 result), CPCL , BPCL, NMDC, Apar, Sharda Crop, apl apollo tubes,bank of mah & lupin. Watchout to buy only if nifty dips to 23000