Bank Nifty Prediction for Monday, 10 August 2026: Index at 57,746 as PSU-Private Rotation Remains Unresolved Despite SBI Q1 FY27 Beat
- August 7, 2026
- Posted by: Kunal Singla
- Category: News
Bank Nifty Fri actual: 57,746.45 (-317.20 pts, -0.55%). High: 57,993.75. Low: 57,688.3. ICICI Bank: Rs 1,421 (-2.5%). HDFC Bank: Rs 731 (-0.45%). SBI: Rs 1,097.20 (+1.12%). NFP key.
The Bank Nifty prediction for Monday for 10 August 2026 is the most nuanced of the four Monday prediction articles. Bank Nifty closed Friday at 57,746.45, falling 317 points, in what was the week’s most confusing banking session: SBI reported its strongest quarterly result in recent memory (PAT +10.23 percent, NIM exactly 3 percent, GNPA at a two-decade low of 1.47 percent) and surged to an intraday high of Rs 1,124.5 before closing at Rs 1,097.20, up only 1.12 percent. Meanwhile, ICICI Bank fell 2.5 percent to Rs 1,421 and HDFC Bank fell 0.45 percent to Rs 731. The PSU-private rotation trade, expected to reverse on SBI’s confirmed result, instead continued for another session. The Bank Nifty prediction for Monday for Monday is essentially: when does this rotation reverse? The answer depends on ICICI Bank finding its support level and US NFP providing the macro backdrop for FII financial sector inflows. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete Bank Nifty prediction for Monday.
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Friday’s Confirmed Close Behind the Bank Nifty Prediction for Monday
| Indicator | Friday 7 Aug Actual Close | Change from Thu |
|---|---|---|
| Nifty 50 | 24,570.65 | -65.35 pts (-0.27%) | High: 24,629.8 | Low: 24,522.9 |
| Sensex | 78,499.17 | -455.59 pts (-0.58%) | High: 78,757.4 | Low: 78,377.6 |
| Bank Nifty | 57,746.45 | -317.20 pts (-0.55%) | High: 57,993.75 | Low: 57,688.3 |
| SBI Q1 FY27 | Rs 1,097.20 (+1.12%) | Intraday high Rs 1,124.5 | PAT Rs 21,121 cr (+10.23%); NIM 3.0%; GNPA 1.47% (2-decade low) |
| ICICI Bank | Rs 1,421.00 | -2.50% (Rs -36.50) | Private bank selling continued despite SBI beat |
| HDFC Bank | Rs 731.00 | -0.45% (Rs -3.30) | Broad financial sector selling |
| TCS | Rs 2,452.70 | +3.36% (Rs +79.70) | Top Nifty 50 gainer; IT recovery standout |
| Infosys | Rs 1,175.10 | +0.87% (Rs +10.10) | IT sector broadly positive |
| Reliance Industries | Rs 1,334.80 | +0.74% (Rs +9.80) | Second-best large-cap gainer |
| Bharti Airtel | Rs 1,959.90 | +0.61% (Rs +11.90) | Re-rating continues post Q1 FY27 |
| Hindustan Zinc | Rs 603.00 | +2.20% (Rs +13.00) | Zinc at COMEX 4-year highs |
| US NFP (July 2026) | Released 6 PM IST today | Primary catalyst shaping Monday gap direction |
Why the PSU-Private Rotation Did Not Reverse: The Bank Nifty prediction for Monday Key Question
Ankit Jaiswal identifies the core dynamic for the Bank Nifty prediction for Monday: SBI’s Q1 FY27 beat was a PSU banking positive, but institutional selling of private banks (ICICI Bank, HDFC Bank) on Friday suggests the rotation is driven by a different force; fund rebalancing toward cheaper PSU valuations before the Q1 results season ends. in this outlook, this rotation does not automatically reverse because SBI beats: it reverses when the rebalancing is complete, which historically takes 3-5 trading sessions after the PSU catalyst event.
Kunal Singla maps the timeline for the Bank Nifty prediction for Monday: SBI Q1 results confirmed Friday (Day 1 of post-catalyst). Historically, PSU-private rotation reverses between Day 2 (Monday) and Day 4 (Wednesday) of the following week. The Bank Nifty prediction for Monday for Monday represents Day 2, which is the most common rotation reversal start. ICICI Bank at Rs 1,421 (near its weekly low after starting at Rs 1,457.5 Thursday close) and HDFC Bank at Rs 731 create a mathematical basis for the Bank Nifty prediction for Monday rotation reversal if even mild FII buying returns on Monday.
SBI: The PSU Anchor in the Bank Nifty Prediction for Monday
SBI’s performance on Friday tells the Bank Nifty prediction for Monday’s banking story precisely. The stock hit Rs 1,124.5 at peak (approximately +3.7 percent from Thursday’s close of Rs 1,085) and then gave back more than two-thirds of those gains to close at Rs 1,097.20 (+1.12 percent). This intraday give-back reflects profit booking from traders who had bought SBI ahead of the Q1 result. For the Bank Nifty prediction for Monday, SBI’s ability to hold above Rs 1,082-1,090 on Monday (the post-result holding range) determines whether the Q1 result gains are institutionally anchored or a trader-driven one-day event.
Bank Nifty Technical Levels for the Prediction for Monday
| Level | Zone | Significance for Bank Nifty prediction for Monday |
|---|---|---|
| Bear case floor | 57,200-57,300 | Weak NFP plus ICICI continuation scenario |
| Key support | 57,500-57,600 | Must hold for the Bank Nifty prediction for Monday base case to remain intact |
| Friday’s low | 57,688.30 | Break below Monday = momentum selling in Bank Nifty prediction for Monday |
| Friday’s close | 57,746.45 | Bank Nifty prediction for Monday reference; reclaiming 57,750 is Monday’s first step |
| Friday’s high | 57,993.75 | Above 58,000 = intraday recovery confirmed in this outlook |
| First resistance | 57,900-58,000 | Base case recovery target for the Bank Nifty prediction for Monday |
| Key resistance | 58,100-58,200 | Above here = rotation reversal confirmed in Bank Nifty prediction for Monday |
| Bull case | 58,400-58,500 | Full private bank recovery plus SBI continuation needed |
Strategy for the Bank Nifty Prediction for Monday
- Monitor ICICI Bank at 9:30 AM: Ankit Jaiswal recommends ICICI Bank as the primary Bank Nifty prediction for Monday signal at 9:30 AM Monday. ICICI Bank above Rs 1,430 confirms rotation reversal beginning. ICICI below Rs 1,400 means the rotation trade is extending and the Bank Nifty prediction for Monday bear case toward 57,200-57,300 is active.
- SBI holding Rs 1,082 is the PSU floor: SBI below Rs 1,082 on Monday would signal that the Q1 result gains are being fully unwound by profit booking. For the Bank Nifty prediction for Monday, SBI above Rs 1,082 is the minimum requirement for the PSU banking floor.
- Buy Bank Nifty at 57,500-57,550: Kunal Singla recommends Bank Nifty long positions at 57,500-57,550 (if NFP is healthy) with Rs 57,200 stop and Rs 57,900 target in the Bank Nifty prediction for Monday. This asymmetric setup uses Friday’s low as the stop reference.
- Avoid large pre-NFP banking positions: Given that NFP could create a 400-500 Bank Nifty point gap in either direction, Ankit Jaiswal recommends keeping Bank Nifty prediction for Monday positions at 25-30 percent of intended size before NFP is known. Add to full position after GIFT Nifty at Monday 9 AM confirms direction.
Conclusion
The Bank Nifty prediction for Monday for 10 August 2026 enters Monday with the week’s biggest unresolved question still open: when does the PSU-private bank rotation reverse? Bank Nifty at 57,746.45 has strong fundamental support from SBI’s confirmed Q1 FY27 beat (NIM 3%, GNPA 2-decade low) but structural selling pressure from ICICI Bank and HDFC Bank that has not yet reversed. Ankit Jaiswal of Univest identifies ICICI Bank at Rs 1,415-1,420 as the critical stabilisation zone for the Bank Nifty prediction for Monday.
Kunal Singla of Univest places the Bank Nifty prediction for Monday at Day 2 of a historical 3-5 session rotation reversal process. NFP is the macro catalyst that could accelerate this reversal: FII inflows on a healthy NFP would specifically target large private banks given their current valuation discount to PSU peers post the week’s rotation. The Bank Nifty prediction for Monday base case is 57,500-57,600 as support and 57,900-58,000 as the first recovery target on Monday.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Download the Univest iOS App or Univest Android App to track Bank Nifty, ICICI Bank and SBI live levels on Monday morning.
FAQs on Bank Nifty Prediction for Monday, 10 August 2026
What is the Bank Nifty prediction for Monday, 10 August 2026?
Ans. The Bank Nifty prediction for Monday is cautiously bearish with stabilisation potential. Bank Nifty closed Friday at 57,746.45, falling 317 points (0.55 percent) despite SBI Q1 FY27 beating estimates. ICICI Bank falling 2.5 percent to Rs 1,421 and HDFC Bank losing 0.45 percent to Rs 731 outweighed SBI’s 1.12 percent gain. Support for the Bank Nifty prediction for Monday is 57,500-57,600 and resistance is 57,900-58,000.
How does ICICI Bank’s 2.5% fall affect the Bank Nifty prediction for Monday?
Ans. ICICI Bank’s 2.5 percent decline to Rs 1,421 on Friday is the primary Bank Nifty prediction for Monday concern. ICICI Bank carries approximately 12-14 percent Bank Nifty weight. A 2.5 percent fall removes 180-200 Bank Nifty points directly. For the Bank Nifty prediction for Monday, ICICI Bank finding support at Rs 1,415-1,420 is the critical stabilisation signal that determines whether Bank Nifty base-builds at 57,500-57,600 or tests 57,200-57,300.
What is Bank Nifty support and resistance for the prediction for Monday?
Ans. Bank Nifty support for Monday is 57,500-57,600 (immediate) and 57,200-57,300 (key). Resistance for the Bank Nifty prediction for Monday is 57,900-58,000 (first recovery), 58,100-58,200 (key resistance) and 58,400-58,500 (bull case requiring full private bank recovery).
Which analysts prepared the Bank Nifty prediction for Monday?
Ans. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, prepared the Bank Nifty prediction for Monday using Groww-confirmed Friday data: Bank Nifty 57,746.45 (-317.20 pts), ICICI Bank Rs 1,421 (-2.5%), HDFC Bank Rs 731 (-0.45%), SBI Rs 1,097.20 (+1.12%, intraday high Rs 1,124.5).
Can Bank Nifty recover on Monday?
Ans. Bank Nifty recovery on Monday requires ICICI Bank stabilisation above Rs 1,420, which is the critical level in the Bank Nifty prediction for Monday. SBI holding above Rs 1,082 provides the PSU banking floor. A healthy NFP improving FII risk appetite and driving inflows into large private banks is the primary external catalyst for the Bank Nifty prediction for Monday recovery toward 57,900-58,000.
What is the PSU-private bank rotation status for the Bank Nifty prediction for Monday?
Ans. The PSU-private bank rotation that drove SBI up and ICICI Bank and HDFC Bank down did not reverse on Friday despite SBI’s Q1 FY27 beat. For the Bank Nifty prediction for Monday, this rotation remains the key unresolved risk. If private banks (ICICI, HDFC) recover on Monday while SBI holds above Rs 1,082, the rotation reversal would add 300-400 Bank Nifty points from the double positive of both PSU and private banking recovering simultaneously.
