Nifty 50 Prediction for Monday, 3 August 2026: Can the Index Clear Its July Resistance Band?

Nifty 50 prediction for Monday, 3 August 2026: bullish above 24,300, resistance at 24,430 and 24,530. Close 24,383.60, up 0.27%. RSI 54.7. 50 DMA 23,904. RBI MPC begins Monday.

The Nifty 50 prediction for Monday, 3 August 2026, is cautiously bullish, with the index expected to hold above 24,300 and attempt the 24,430 to 24,530 resistance band that has capped it since early July. The Nifty 50 closed Friday at 24,383.60, up 66.45 points or 0.27 percent, extending a recovery that has added nearly 780 points since the 23,606.30 low struck on 24 July. That five session bounce is the foundation of this Nifty 50 prediction for Monday heading into a week dominated by the RBI policy verdict.

Univest analysts Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director, have built this Nifty 50 prediction for Monday using Friday’s closing price action, moving averages, RSI readings and options market cues. Ankit Jaiswal leads on the technical structure and momentum picture, while Kunal Singla layers in the derivatives and institutional flow context that will shape how the index trades once the new week begins.

Nifty 50 Closing Overview for the Prediction for Monday

• The Nifty 50 closed at 24,383.60 on Friday, up 0.27 percent from Thursday’s 24,317.15, with an intraday high of 24,429.40 that sits just below the 24,430 resistance flagged in this Nifty 50 prediction for Monday.
• The index is up 1.03 percent over the past 90 days, having swung between a low of 23,070.15 on 8 June and a high of 24,530.90 on 7 July, meaning Friday’s close sits within striking distance of that multi week peak.
• India VIX eased to 11.76, down 3.29 percent on the day, a reading Ankit Jaiswal reads as supportive of a controlled, low volatility grind higher rather than a sharp breakout or breakdown.

Nifty 50 Technical Analysis for the Prediction for Monday

Ankit Jaiswal builds this Nifty 50 prediction for Monday around the index trading comfortably above its 50 day moving average of 23,903.54 while still sitting under the 200 day average of 24,778.27, a gap he reads as room to run before the index faces its next real structural test. A close above 24,430 on strong volume would be the clearest signal in this Nifty 50 prediction for Monday that the index is ready to challenge the 7 July high of 24,530.90, while a fall back below 24,300 would point to a retest of the 24,150 zone that held through most of last week.

Stocks Driving the Nifty 50 Prediction for Monday

Kunal Singla points out that Friday’s Nifty 50 gain came despite a sharp IT sector drag, with TCS and Infosys together pulling the index lower even as auto, banking and energy heavyweights offset the damage, a divergence that keeps this Nifty 50 prediction for Monday balanced rather than one sided. He is watching whether IT stabilises once the week opens or continues to weigh on the index into Wednesday’s RBI verdict.

Global Cues for the Nifty 50 Prediction for Monday

• Wall Street rallied hard on Thursday, with the Nasdaq up 2.78 percent to 25,122.18 and the S&P 500 up 1.66 percent to 7,437.63 on Microsoft-led strength, a backdrop that supports the constructive tone in this Nifty 50 prediction for Monday.
• Gift Nifty August futures traded near 24,422 on Friday morning, broadly in line with the Nifty 50’s eventual close, while Brent crude eased to 89.03 dollars a barrel after an earlier spike above 93 dollars on Iran related tensions.
• Friday night’s US session and any weekend developments in West Asia remain the key swing factors that could move Gift Nifty before Monday’s 9:15 am open.

Key Triggers for the Nifty 50 Prediction for Monday

• The RBI Monetary Policy Committee begins its meeting on Monday, 3 August, with the rate decision due Wednesday, 5 August. The repo rate has held at 5.25 percent through three consecutive reviews.
• The Nifty 50 weekly F&O expiry falls on Tuesday, 4 August, one session after Monday, which typically brings a build up in options activity through the day.
• Q1 FY27 earnings season remains active, with more large cap results due through next week that could move individual index constituents sharply.

Nifty 50 Prediction for Monday: Trading Strategy

• Traders following this Nifty 50 prediction for Monday can watch 24,300 as the first line of defence; a sustained hold above it keeps the recovery structure intact.
• A close above 24,430 would be the trigger for a fresh long bias toward 24,530, while a break below 24,150 would flip this Nifty 50 prediction for Monday defensive.
• Keep position sizes measured ahead of Wednesday’s RBI decision rather than building large directional bets into the event.
• Watch the IT versus auto and banking rotation closely, since it has been the main source of intraday volatility through the past week.

What Sentiment Data Adds to the Nifty 50 Prediction for Monday

FIIs were net buyers of Rs 3,623.50 crore in the cash segment on 30 July, the most recent session for which data is available, a flow Ankit Jaiswal considers a meaningful support factor behind the Nifty 50’s climb back toward its July highs. DIIs booked Rs 1,864.03 crore of net sales the same session, a pattern typical of domestic funds trimming exposure into FII led strength rather than a signal of broader caution. Combined with India VIX at 11.76, one of its calmer readings in weeks, the sentiment backdrop behind this Nifty 50 prediction for Monday leans constructive.

Kunal Singla adds that the options market has not shown the kind of aggressive positioning that typically precedes a sharp move, which is consistent with a market waiting for the RBI outcome before committing further capital. That calm is a double edged signal in this Nifty 50 prediction for Monday: it supports a steady grind toward resistance, but it also means a policy surprise on Wednesday could trigger an outsized reaction precisely because so little volatility is currently priced in.

Risks to the Nifty 50 Prediction for Monday

• A hawkish RBI surprise on Wednesday could reverse part of the recent recovery, with the risk building from as early as Monday’s opening trade.
• Continued weakness in TCS and Infosys could keep capping the index even if broader breadth stays positive, a risk this Nifty 50 prediction for Monday flags directly.
• A fresh spike in crude oil prices tied to the Iran-US standoff would pressure the current bullish reading in this Nifty 50 prediction for Monday.
• A reversal in Friday night’s Wall Street session would likely flip Gift Nifty’s current mild positive bias before the Monday open.

Conclusion

This Nifty 50 prediction for Monday, 3 August 2026, favours a range with an upward bias, with the index likely to test 24,430 and, on a decisive move, 24,530, while support holds near 24,300 and 24,150. Ankit Jaiswal and Kunal Singla both see the setup as constructive given the calm VIX reading and steady FII buying, though both caution that the RBI verdict on Wednesday is the dominant event risk for the week. A close above 24,430 would strengthen this Nifty 50 prediction for Monday, while a slip below 24,150 would call for a more defensive stance.

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What is the Nifty 50 prediction for Monday, 3 August 2026?

Ans. The Nifty 50 prediction for Monday, 3 August 2026, is cautiously bullish, with support at 24,300 and 24,150, and resistance at 24,430 and 24,530, as the index tests the zone that capped it in early July.

Where is Nifty 50 support and resistance for Monday?

Ans. Nifty 50 support for Monday sits at 24,300, then 24,150 and 24,000. Resistance is at 24,430, then 24,530 and 24,650, based on Friday’s close of 24,383.60 and its moving averages.

What is the Nifty 50 RSI ahead of Monday’s session?

Ans. The Nifty 50’s 14 day RSI stood at 54.75 on Friday, a neutral to bullish reading that indicates the index is neither overbought nor oversold heading into Monday.

How will the RBI MPC meeting affect the Nifty 50 prediction for Monday?

Ans. The RBI Monetary Policy Committee meets from 3 to 5 August, with the rate decision due Wednesday. Ankit Jaiswal and Kunal Singla expect traders to stay cautious on rate sensitive Nifty 50 constituents into the verdict.

Which stocks are driving the Nifty 50 prediction for Monday?

Ans. Mahindra and Mahindra led gains with a 3.5 percent rally on Friday, while TCS and Infosys were the biggest drags, falling 2.72 percent and 2.16 percent respectively as IT stayed the weakest sector.

Is there a Nifty 50 F&O expiry on Monday?

Ans. No. The Nifty 50 weekly F&O expiry falls on Tuesday, 4 August, not Monday, though options activity typically starts building through Monday’s session ahead of it.

What do Ankit Jaiswal and Kunal Singla expect from the Nifty 50 on Monday?

Ans. Ankit Jaiswal expects the Nifty 50 to test 24,430 to 24,530 resistance given its position above the 50 day moving average, while Kunal Singla flags the RBI verdict and IT sector weakness as the main swing factors to watch.

Should investors buy Nifty 50 stocks ahead of the RBI decision?

Ans. Univest analysts suggest keeping fresh positions measured ahead of Wednesday’s RBI verdict rather than building large directional bets, and recommend consulting a SEBI-registered financial advisor before making investment decisions.