Nifty Short,Med,Long-Support&Resistances 31-Aug-26_Stocks2WatchNifty 50 IndexNSE:NIFTYkarthikssNifty 24175 (24548 in 1st week Aug) and 24309 in Ist week Jul) After 6 months of Middle East War,ceasefire, inbetween strikes and negotiations , market hovering around nifty 23000 to 24500. Though deal(MOU) is signed, deviated by both US and Iran. Crude oil price ireduced to 86.25 $ after touching 102 $ in end of jul 2026, however as expected hormuz is still an issue, iran blockage continues. Tension still previals. Crude oil export from middle east countries have not even crossed 30-50% of the pre February condition. These already created economic paralysis for many countries including middle east countries. Q1 results are mixed and margin squeeze are an issue for most of companies. Hence to be cautious, and there is no other go other than buying value stocks. Short Term: Nifty restricted to the trend line supports and resistance as shown in graph. Short Term Resistance Ist Resistnace at 24700 ( Trend Line ) should cross this level decisively. , IInd Resistance at 25000 IIIrd Resistance at 25500 Very Key Resistance Fib Retracement Resistance and Trend Line). Nifty Short Term Supports : 23800- ( trend line support & Fib Support ) Stocks to Watch added newly on 30-Aug-26: Hindalco, ipca lab & South ind Bank Stocks to Watch as on 3-Aug-26 (Current price from 3-Aug-26 recommended to watch)- Most of the stocks have given decent profit ( Average increase in 1 month 4.4%) The stocks increased less than 5% and in negative can be considered for further accumulation: Hindustan zinc ( 14% up), Dixon (5.5% up) , Nalco (6.7% up), Garden reach (1.1% up), Zydus Life sciene (6.2% up), Paradeep phosphate (14.4% up) , Bajaj Auto (0.25% up), Aptus value housing (-2.7% down), Cholamandalam Inv Finance(-1%), Mah Finance ( on dip)(-7% down) Waarree Energies ( US Litigiation but still to watchout)(-1.4% down) , Refex industries (-4.8% down), ICICI Bank (-2.5% down), Karnataka Bank (14% up) & AU Small Fin Bank (2.9% up), APL apollo tubes (16.7% up),CPCL(1.2% up), Bank of Maharashtra(5.3% up) , lUPIN (-9.2% down), Navin Flourine (12.7% up), Apar (20.6% up) ,NMDC (3.5% up) New Stocks recommenced on 28-Jun-26 continues ( Bajaj Auto , Fujiyama power, DCB bank on dip, suryodyay small fin, somany ceramics, kalpataru projects, GNFC, premier energies ) Nifty bank is at 57338 ( 57761 Ist Week of Aug 26) ( 58753 Ist week Jul) Nifty IT reduced to 30652 (30982 Ist Week Aug) ( Ist week Jul 27660 ). Nifty Pharma inceased to 26775 (26449 Ist Week Aug) ( ist week of Jul 25654) Nifty Midcap 150, midcap select also increased Slightly and & nifty small cap 250 is flat. Nifty Mid cap is below 3 years historical PE and Nifty Small cap is well ahead of historical PE. Medium Term: 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. Also buy on dip strategy betweem 22000-23000. Nifty Supported effective at 22340/22000 Mid Term Support Currently near at 23925 (short term resistance 24000) above 24000 decisively, the Mid term resistance at 24750-25800/ 25000-25500 ( having Multiple Resistance). MACD - MACD signal crossed the MACD, RSI and stochastic are down. gold touched 2 month high of 4690 usd/ounce and down to 4401 usd/ounce ( 4070 Usd/Ounce ( from 5100 usd /ounce Mar 2026). Bitcoin steeply increased to 77000. 2 months before dropped from 75000 to below 59000 in last 2 month. US index and stocks have fallen due to profit booking. US slightly increased to 95.4 Rs / usd 15-Mar-2026 Report buy on dips and it still continues, partial profit booking and value picking: Assuming all time high of 26380 is target from current 23151 (11-12%) 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 whenever dips as per support level. Med Term support 22340 ( Fib Support) 22000 Med Term Resistance (Trend Line as shown) 25500 initially. then to 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 20000/19900. Further worst case 18300/18000