ICICI Bank Prediction for Monday, 10 August 2026: Stock at Rs 1,421 After Sharpest Private Bank Decline on Friday as Fundamentals Remain Strongest in Peer Group
- August 7, 2026
- Posted by: Lakshit Sharma
- Category: News
ICICI Bank Fri: Rs 1,421 (-2.50%). Range Rs 1,418-1,455. Bank Nifty 57,746 (-0.55%). Bajaj Fin -5.84%. SBI Q1 NIM 3% beat. NFP 6 PM IST.
The ICICI Bank prediction for Monday on Monday 10 August 2026 is shaped by Friday’s session where Nifty 50 closed at 24,570.65 (down 65 points, -0.27%), Sensex fell 455 points to 78,499.17 and Bank Nifty lost 317 points to 57,746.45. The session’s defining paradox: SBI Q1 FY27 beat strongly (PAT +10.23%, NIM recovered to exactly 3 percent, GNPA at a two-decade low of 1.47 percent) but Bajaj Finance crashed 5.84 percent and ICICI Bank fell 2.5 percent, dragging the financial sector. The top performers were Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent led by TCS +3.36 percent) and MCX Gold (+1.40 percent) and MCX Silver (+3.19 percent). The Bank Nifty is the sectoral index for this prediction for Monday. The primary catalyst for the ICICI Bank prediction for Monday is the US Non-Farm Payrolls for July 2026, released at 6 PM IST today after Indian market close, which will determine Monday’s opening gap direction. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete ICICI Bank prediction for Monday.
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Friday’s Data Behind the ICICI Bank prediction for Monday
| Indicator | Friday 7 Aug Close (Groww Confirmed) | Change |
|---|---|---|
| Nifty 50 | 24,570.65 | -65.35 pts (-0.27%) |
| Sensex | 78,499.17 | -455.59 pts (-0.58%) |
| Bank Nifty | 57,746.45 | -317.20 pts (-0.55%) |
| Nifty Auto | 29,646.95 | +1.83%; top sectoral gainer |
| Nifty IT | 31,547.70 | +1.42%; TCS +3.36%, HCL +1.62%, Infosys +0.87% |
| Nifty PSU Bank | 8,786.20 | +0.65%; SBI +1.12% on Q1 FY27 beat |
| Nifty Metal | 13,189.85 | +0.50%; Hindustan Zinc +2.20% |
| Nifty Private Bank | 27,392.35 | -1.04%; ICICI -2.50%, Axis -1.43% |
| SBI Q1 FY27 | Rs 1,097.20 (+1.12%) | PAT Rs 21,121 cr (+10.23%); NIM 3.0%; GNPA 1.47% (2-decade low). High: Rs 1,124.5 |
| Bajaj Finance | Rs 1,078 (-5.84%) | Biggest Nifty 50 loser; dragged Fin Services sector |
| MCX Gold (Aug Fut) | Rs 1,49,703/10g (+1.40%) | Strong surge; safe-haven demand |
| MCX Silver (Mini Aug) | Rs 2,34,741/kg (+3.19%) | Outperformed gold; industrial + safe-haven combined |
| MCX Crude Oil (Aug) | Rs 7,356/bbl (-0.28%) | Slight dip; Iran deal uncertainty continues |
| India VIX | 12.16 | Unchanged from previous close |
| US NFP (July 2026) | Released 6 PM IST today | Primary weekend catalyst for Monday gap direction |
SBI Q1 FY27 and Bajaj Finance: Two Opposite Forces Behind the ICICI Bank prediction for Monday
Friday’s session presented two contradictory catalysts for the ICICI Bank prediction for Monday. SBI delivered its strongest quarterly result in recent memory: PAT up 10.23 percent to Rs 21,121 crore, NIM recovered to exactly 3 percent from Q4 FY26’s 2.93 percent and GNPA fell to 1.47 percent, a two-decade low. SBI surged to Rs 1,124.5 intraday before closing at Rs 1,097.20 (+1.12 percent). Simultaneously, Bajaj Finance crashed 5.84 percent to Rs 1,078, the biggest Nifty 50 loser, dragging the financial services sector. Ankit Jaiswal notes that the ICICI Bank prediction for Monday is shaped by which of these two forces dominates on Monday: SBI’s confirmed earnings strength or Bajaj Finance’s Q1 result-related concerns spilling into the broader NBFC sector.
Technical Levels for the ICICI Bank prediction for Monday
| Level Type | Zone |
|---|---|
| Immediate Support | Rs 1,415-1,422 |
| Key Support | Rs 1,398-1,408 |
| Immediate Resistance | Rs 1,438-1,452 |
| Key Resistance | Rs 1,462-1,475 |
Kunal Singla observes that India VIX closed Friday at 12.16, unchanged from Thursday’s close. Stable VIX at 12-13 despite the broader market fall is structurally positive for the ICICI Bank prediction for Monday: it means option sellers are not panicking and the August monthly series maintains a defined range. The ICICI Bank prediction for Monday’s support at Rs 1,415-1,422 is the immediate floor heading into Monday.
US NFP: The ICICI Bank prediction for Monday Primary Weekend Variable
US Non-Farm Payrolls for July 2026 releases at 6 PM IST today. A healthy NFP (175,000-230,000 range) supports a Monday gap-up in this outlook as Dow Jones rises and FII risk-on flows return to India on Monday morning. A weak NFP below 130,000 raises US recession concerns and creates a Monday gap-down in this outlook. Ankit Jaiswal recommends checking GIFT Nifty at 9 AM Monday before making any ICICI Bank prediction for Monday position decisions.
Key Factors for the ICICI Bank prediction for Monday
- ICICI Bank’s Q1 FY27 fundamentals are the strongest in its peer group: GNPA 2.1 percent (decade-low), NIM 4.34 percent, loan growth 15.2 percent year-on-year. Friday’s 2.5 percent decline was driven by PSU-private rotation (institutional capital moving to SBI ahead of Q1 results), not fundamental deterioration, in this outlook context.
- The PSU-private rotation historically reverses 3-5 sessions after the PSU catalyst event. Friday was Day 1 post-SBI Q1. The ICICI Bank prediction for Monday represents Day 2, which is statistically the most common rotation reversal start date.
- Bajaj Finance crashing 5.84 percent simultaneously adds NBFC concern. For the ICICI Bank prediction for Monday, this is a potential negative read-across: if NBFC credit quality concerns spread, ICICI Bank’s own NBFC-related exposures could face additional selling. This is the key risk that makes ICICI Bank a Day 2 trade rather than a certainty.
- US NFP at 6 PM IST today: strong NFP supports FII inflows specifically targeting discounted large private banks. For the ICICI Bank prediction for Monday, a Dow above 54,000 Friday close would be the external catalyst confirmation.
Stocks to Watch for the ICICI Bank prediction for Monday
Univest analysts flag the following stocks for educational observation in this outlook on Monday. These are not buy or sell recommendations.
ICICI Bank: CMP Rs 1,421 (-2.50% Fri). Ankit Jaiswal flags entry Rs 1,415-1,422, target Rs 1,452, SL Rs 1,398. Primary subject. Decade-low GNPA 2.1 percent and strong fundamentals make Rs 1,415-1,422 the highest-quality private banking accumulation zone in this outlook.
HDFC Bank: CMP Rs 731 (-0.45% Fri). Kunal Singla flags entry Rs 725-730, target Rs 748, SL Rs 714. HDFC Bank co-validates the ICICI Bank prediction for Monday rotation reversal. Both recovering together is the sector confirmation signal.
Axis Bank: CMP Rs 1,238 (-1.43% Fri). Ankit Jaiswal flags entry Rs 1,228-1,236, target Rs 1,265, SL Rs 1,205. Axis Bank provides the third breadth confirmation in this outlook. All three large private banks recovering is the maximum bull case.
Screen All Stocks for the ICICI Bank prediction for Monday on Univest
Trading Strategy for the ICICI Bank prediction for Monday
- Rs 1,415-1,422 is the buy-on-dip zone for the ICICI Bank prediction for Monday. Ankit Jaiswal recommends entering 50 percent of intended position here with Rs 1,398 stop-loss.
- Confirm HDFC Bank is also stabilising above Rs 725. Both private banks stabilising simultaneously is the ICICI Bank prediction for Monday broadest confirmation signal.
- Rs 1,438-1,452 is the first target in this outlook. Kunal Singla recommends booking 60 percent at this level.
- If Bajaj Finance clarifies its Friday crash reason over the weekend and the news is positive, add the remaining 50 percent of intended ICICI Bank position at Monday open above Rs 1,430 in the ICICI Bank prediction for Monday.
Risks to the ICICI Bank prediction for Monday
- Bajaj Finance concerns spreading to ICICI Bank’s perceived NBFC sector linkage, extending Friday’s 2.5 percent decline below Rs 1,400 in the ICICI Bank prediction for Monday.
- PSU-private rotation continuing beyond Day 2 (Monday) into Day 3 (Tuesday) if SBI sustains above Rs 1,120 and institutional rebalancing is incomplete in the ICICI Bank prediction for Monday.
- Weak NFP reducing FII risk appetite for large private banking stocks in the ICICI Bank prediction for Monday.
Conclusion
The ICICI Bank prediction for Monday on Monday 10 August 2026 is built on Friday’s close of Rs 1,421 (-2.50% (Rs -36.50)), from a session where Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent) and MCX precious metals (Gold +1.40 percent, Silver +3.19 percent) were the week’s bright spots while Bajaj Finance (-5.84 percent) and ICICI Bank (-2.5 percent) created financial sector drag. Ankit Jaiswal of Univest identifies Rs 1,438-1,452 as the primary resistance and Rs 1,415-1,422 as the critical support for the ICICI Bank prediction for Monday. The US NFP at 6 PM IST today is the primary variable: monitor GIFT Nifty Sunday evening and at 9 AM Monday before positioning for the ICICI Bank prediction for Monday.
Kunal Singla of Univest notes that the ICICI Bank prediction for Monday has a dual structure for Monday: the recovery case (IT and Auto momentum continues, SBI Q1 beat sustains, NFP healthy) and the continuation decline case (Bajaj Finance concerns spread to NBFCs, private banks extend selling, weak NFP). The ICICI Bank prediction for Monday’s support zone at Rs 1,415-1,422 is the line between these two scenarios 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).
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FAQs on Icici Bank Prediction For Monday, 10 August 2026
What is the ICICI Bank prediction for Monday, 10 August 2026?
Ans. The ICICI Bank prediction for Monday is conditionally bullish on Day 2 of PSU-private rotation reversal. ICICI Bank fell 2.5 percent to Rs 1,421 on Friday, its sharpest private bank decline. Fundamentals (GNPA 2.1% decade-low, NIM 4.34%) are the strongest in peer group. Support is Rs 1,415-1,422 and resistance is Rs 1,438-1,452 in the ICICI Bank prediction for Monday.
Is Friday’s ICICI Bank decline fundamental or rotational in the ICICI Bank prediction for Monday?
Ans. It is rotational. PSU-private rotation (institutional capital moving to SBI for Q1 results) drove ICICI Bank selling. ICICI Bank’s own Q1 FY27 (GNPA 2.1% decade-low, NIM 4.34%) is fundamentally unchanged. The ICICI Bank prediction for Monday is a rotation reversal trade at Rs 1,415-1,422.
Which analysts prepared the ICICI Bank prediction for Monday?
Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the ICICI Bank prediction for Monday using Groww-confirmed Friday data: ICICI Bank Rs 1,421 (-2.50%), Bank Nifty 57,746.45 (-0.55%).
What is ICICI Bank support and resistance for the prediction for Monday?
Ans. Support is Rs 1,415-1,422 and Rs 1,398-1,408. Resistance is Rs 1,438-1,452 and Rs 1,462-1,475 in the ICICI Bank prediction for Monday.
How does Bajaj Finance affect the ICICI Bank prediction for Monday?
Ans. Bajaj Finance’s 5.84 percent crash adds NBFC sector concern that could spill into ICICI Bank’s perceived NBFC linkage. This is the primary uncertainty for the ICICI Bank prediction for Monday and requires weekend clarity before adding full position size.