Stock Market Prediction for Monday: Weekly Recovery Holds as Nifty Eyes 24,284 Resistance for 24 August 2026
- August 21, 2026
- Posted by: Kunal Singla
- Category: Predictions
Nifty 50 at 24,252.00 (+0.08%) on 21 Aug 2026. High: 24,284.05. Low: 24,206.80. Sensex: 77,540.83 (+0.00%). Bank Nifty: 57,761.95 (+0.46%). VIX: 11.20 (+4.09%). Kotak Bank +1.37%.
Quick Answer
The stock market prediction for Monday, 24 August 2026, is sideways to mildly bullish, supported by the Nifty 50’s strong two-day recovery from the 24,025 intraday low seen on Tuesday 19 August to 24,252.00 at Friday’s close. Ankit Jaiswal places immediate support for the stock market prediction for Monday at 24,200 to 24,210 (near Friday’s session low of 24,206.80) and resistance at 24,284 to 24,300 (Friday’s intraday high). Kunal Singla highlights that the stock market prediction for Monday carries an additional layer of uncertainty from two days of global cues over the weekend, making the Monday opening gap particularly important.
The stock market prediction for Monday follows a week that told a clear two-phase story. From Monday 18 August through Tuesday 19 August, Nifty fell from 24,287 to an intraday low of 24,025, losing 262 points over three sessions. From Wednesday 20 August through Friday 21 August, the index recovered from 24,166 to 24,252.00, recouping 85 points in a broad-based rally that included participation from banking, IT, and infrastructure. Ankit Jaiswal, Research Analyst at Univest, notes that this recovery pattern is constructive but incomplete: the stock market prediction for Monday requires Nifty to decisively close above the 24,284 to 24,350 resistance zone before the correction can be declared fully reversed.
Kunal Singla, Research Analyst at Univest, observes that the stock market prediction for Monday is shaped by a key structural positive: the weekly low (24,025) held above the 24,000 psychological support. This is technically meaningful — when a corrective phase respects a major psychological level, the subsequent recovery tends to be sustained rather than a one-session relief rally. With VIX at 11.20 (+4.09%), which rose slightly from Thursday’s +4.09% reading but remains well below the 12 to 13 concern zone, the stock market prediction for Monday stays constructive rather than alarmed.
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Friday’s Market Recap: 21 August 2026
- Nifty 50: Closed at 24,252.00 (+0.08%). Flat consolidation after Thursday’s 0.64% gain, suggesting the market is pausing at resistance before the next directional move. Session range: 24,206.80 to 24,284.05. The stock market prediction for Monday will confirm whether this pause was accumulation or distribution.
- Bank Nifty: Gained +266.05 points (+0.46%) to 57,761.95 — the strongest performer on Friday. Kotak Mahindra Bank gained 1.37% for its third consecutive positive session. This private banking momentum is the most important internal signal for the stock market prediction for Monday.
- VIX: Rose +4.09% to 11.20 from Thursday’s 10.76. While the uptick is notable, VIX at 11.20 is still firmly in the low-volatility zone. Ankit Jaiswal notes this is a normal Friday positioning adjustment and does not signal distress for the stock market prediction for Monday.
Weekly Summary Ahead of Stock Market Prediction for Monday
The week of 18 to 21 August 2026 was a textbook corrective-recovery cycle. Nifty fell 262 points from 24,287 to 24,025 (Tuesday low), then rebounded 227 points to close at 24,252.00 on Friday. Bank Nifty showed even stronger recovery, rising from a Tuesday low of 57,001 to Friday’s close of 57,761.95, a recovery of 760 points. Kunal Singla notes that the weekly candle, which closed near the week’s high after testing the week’s low early on, is a technically bullish pattern for the stock market prediction for Monday.
Stock Market Prediction for Monday: Technical Analysis
Ankit Jaiswal’s stock market prediction for Monday identifies 24,200 to 24,210 as the immediate support. This zone aligns with Friday’s session low of 24,206.80 and the level around which buyers were consistently active throughout Friday’s session. A hold above 24,200 in the stock market prediction for Monday confirms that Friday’s consolidation was healthy base-building and not the start of a new selling wave. A break below 24,200 on Monday morning would be a bearish signal, suggesting the recovery stalled at resistance and the stock market prediction for Monday turns cautious.
On the resistance side, the stock market prediction for Monday places the first critical hurdle at 24,284 to 24,300, which was Friday’s intraday high zone and the level that capped the early morning rally. Kunal Singla notes that this resistance is significant because it also corresponds to where the correction began on the morning of 18 August. A decisive move above 24,300 in the stock market prediction for Monday would signal that the index has fully overcome the corrective momentum, with 24,350 to 24,400 as the next target.
Trend for 24 August 2026 (Monday): Sideways to Mildly Bullish
Support: 24,200 to 24,210 | 24,100
Resistance: 24,284 to 24,300 | 24,350 to 24,400
Global Cues for Stock Market Prediction for Monday
- Weekend Global Cues: With markets closed Saturday and Sunday, the Monday opening on 24 August will be shaped by: US Friday session performance (post-India close), Asian market openings on Monday, and any geopolitical or macro developments over the weekend.
- US Markets (latest available): Dow Jones at 53,732 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak US retail sales (-0.6% in July) and soft consumer sentiment remain macro headwinds. Any US data or Fed commentary over the weekend will directly influence the Monday opening.
- FII and DII: FII net buyers Rs 508 Cr and DII Rs 356 Cr on 14 August (last confirmed). Weekly FII trend has been supportive of the recovery seen from Tuesday to Friday. Monday’s opening will reflect weekend flows.
Key Events for 24 August 2026 (Monday)
- US market performance on Friday 22 August (post-India close) is the primary overnight cue for the stock market prediction for Monday
- Asian markets (Japan Nikkei, Hong Kong Hang Seng) Monday opening will set the early directional tone for the stock market prediction for Monday
- Gift Nifty futures Monday morning will provide the pre-open gap indication for the stock market prediction for Monday; watch whether Gift Nifty holds above the 24,200 level
- FII provisional data for Friday 21 August (released Monday) will reveal weekend institutional sentiment for the stock market prediction for Monday
Sectors to Watch in Stock Market Prediction for Monday
- Private Banking (Bullish): Kotak Mahindra Bank’s 1.37% gain on Friday (its third consecutive positive session) and ICICI Bank’s 0.57% advance make private banking the strongest momentum sector heading into the stock market prediction for Monday.
- IT Sector (Cautious): Infosys declined 0.80% on Friday after two positive sessions. Ankit Jaiswal notes that IT sector consolidation on Friday is a normal profit-taking pattern and not a trend reversal, but the stock market prediction for Monday requires Infosys to hold above Rs 1,118 support.
- Infrastructure (Positive): Larsen and Toubro gained 0.29% to Rs 4,093. Kunal Singla notes that capital goods and infrastructure stocks tend to outperform when broader market momentum is positive, supporting the stock market prediction for Monday.
Stocks to Watch in Stock Market Prediction for Monday
| Stock | Close (Rs) | 21 Aug Change | Key Level for Monday |
|---|---|---|---|
| Kotak Mahindra Bank | 402.80 | +1.37% | Support: 398 | Resistance: 406 |
| ICICI Bank | 1,420.00 | +0.57% | Support: 1,411 | Resistance: 1,425 |
| Larsen and Toubro | 4,093.00 | +0.29% | Support: 4,061 | Resistance: 4,100 |
| HDFC Bank | 726.95 | +0.26% | Support: 726 | Resistance: 732 |
| Infosys | 1,121.00 | -0.80% | Support: 1,118 | Resistance: 1,133 |
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Stock Market Prediction Strategy for Monday 24 August 2026
- Wait for Gift Nifty Monday morning signal: a reading above 24,220 supports the stock market prediction for Monday being positive; below 24,180 signals caution
- Buy Nifty dips toward 24,200 with stop below 24,120 for the stock market prediction for Monday, provided global cues are neutral to positive
- A break above 24,300 in the stock market prediction for Monday targets 24,350 to 24,400; trail stop at 24,200
- Avoid large overnight or pre-market positions before Gift Nifty confirms direction in the stock market prediction for Monday
What Does Market Sentiment Indicate for Stock Market Prediction for Monday?
Sentiment heading into the stock market prediction for Monday is cautiously positive. The weekly recovery from 24,025 to 24,252.00 was orderly and broad-based, and the VIX rise to 11.20 on Friday reflects normal end-of-week positioning rather than distress. Ankit Jaiswal notes that the most important sentiment signal for the stock market prediction for Monday is Bank Nifty: its 0.46% Friday gain and Kotak Mahindra Bank’s third consecutive positive session are institutional-quality signals that the correction is behind the market rather than ahead of it.
Kunal Singla observes that the two-day global cue gap over the weekend introduces a unique element of uncertainty into the stock market prediction for Monday. Historical patterns show that when Indian markets end the week in a recovery mode with VIX below 12, Monday openings tend to be neutral to positive unless a significant global macro shock occurs over the weekend. This makes the stock market prediction for Monday more reliant on Gift Nifty’s Monday morning level than on any domestic technical pattern.
Risks to Stock Market Prediction for Monday
- A sharp US market sell-off on Friday 22 August (post-India close) would create a gap-down Monday opening that reverses the stock market prediction for Monday positive bias
- Any major geopolitical development over the weekend (Iran-Hormuz escalation, global banking stress) would worsen the the 24 August market outlook outlook
- A VIX spike above 12 on Monday morning would signal that weekend risk-off sentiment has reached India and turn the Monday’s trading forecast bearish
- A break below 24,200 on Monday morning without recovery would validate the correction resuming and shift the the market outlook for 24 August to cautious
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Conclusion
The the Monday market prediction, 24 August 2026, is sideways to mildly bullish after Nifty 50 closed the week at 24,252.00 (+0.08%) on Friday 21 August. Ankit Jaiswal’s Monday’s Nifty forecast places support at 24,200 and resistance at 24,284 to 24,300. Kunal Singla notes that the weekly recovery from 24,025 and continued Bank Nifty strength make the the 24 August trading outlook constructive, subject to weekend global cues being neutral to positive.
Monitor Gift Nifty Monday morning for the opening gap direction. Download the Univest app for live updates and analyst research ahead of the the 24 August market outlook on 24 August 2026.
Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.
Frequently Asked Questions on Monday’s trading forecast
What is the the market outlook for 24 August, 24 August 2026?
Ans. The the Monday market prediction, 24 August 2026, is sideways to mildly bullish. Nifty 50 closed at 24,252.00 (+0.08%) on Friday 21 August, capping a strong two-day recovery from Tuesday’s low of 24,025. Ankit Jaiswal notes that the Monday’s Nifty forecast places support at 24,200 to 24,210 and resistance at 24,284 to 24,350. The key variable is the weekend global cue, especially how US markets perform on Friday after India’s close.
Which stocks are positive for the 24 August trading outlook?
Ans. For the the 24 August market outlook, Kotak Mahindra Bank (+1.37%), ICICI Bank (+0.57%), and Larsen and Toubro (+0.29%) were the standout performers on Friday 21 August. Kunal Singla notes that Kotak Mahindra Bank has now gained over 3.2% in two consecutive sessions, making it the primary private banking momentum stock heading into the Monday’s trading forecast.
What is the weekly market summary ahead of the market outlook for 24 August?
Ans. The week ending 21 August 2026 saw Nifty 50 fall to a low of 24,025 on Tuesday, then recover to 24,252.00 by Friday in two strong sessions. Ankit Jaiswal notes that the the Monday market prediction benefits from this recovery narrative but the index must decisively clear 24,284 to 24,300 to signal a full trend reversal rather than a corrective bounce.
How does the weekend affect Monday’s Nifty forecast?
Ans. With Indian markets closed Saturday and Sunday, the the 24 August trading outlook is uniquely shaped by two days of global cues. Kunal Singla notes that the US Friday session (post-India close), Asian Monday openings, and any geopolitical developments over the weekend collectively determine whether Monday opens with a gap-up, gap-down, or flat start in the the 24 August market outlook.
What are the key risks to Monday’s trading forecast?
Ans. The primary risk to the the market outlook for 24 August is a sharp negative development in global markets over the weekend that creates a gap-down Monday opening. Ankit Jaiswal notes that a VIX rise above 12 to 13 on Monday morning would signal that weekend risk-off sentiment has reached Indian markets and would turn the the Monday market prediction bearish.
