Nifty 50 Prediction for Monday, 10 August 2026: Index Closes at 24,570 as Private Bank Selling Offsets SBI Q1 Beat and TCS Leads IT Recovery
- August 7, 2026
- Posted by: Kunal Singla
- Category: News
Nifty 50 Fri actual: 24,570.65 (-65.35 pts, -0.27%). Open: 24,538.9. High: 24,629.8. Low: 24,522.9. SBI +1.12% to Rs 1,097.20. TCS +3.36%. ICICI -2.5%. US NFP 6 PM IST key.
The Nifty 50 prediction for Monday for 10 August 2026 is shaped by Friday’s paradoxical session. Nifty 50 closed at 24,570.65, falling 65 points, even as SBI delivered one of its strongest quarterly results in recent memory: net profit up 10.23 percent, NIM recovered to exactly 3 percent and GNPA at 1.47 percent, a two-decade low. The result sent SBI surging to an intraday high of Rs 1,124.5 before it pared gains to close at Rs 1,097.20, up 1.12 percent. But ICICI Bank fell 2.5 percent to Rs 1,421 and HDFC Bank lost 0.45 percent to Rs 731, meaning the private banking sector’s weight in the index more than offset PSU banking gains in this outlook. TCS was Friday’s standout, surging 3.36 percent to Rs 2,452.70, confirming the IT sector recovery that Ankit Jaiswal and Kunal Singla of Univest had identified after Wednesday’s rotation-driven oversell. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete Nifty 50 prediction for Monday.
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Friday’s Confirmed Close Behind the Nifty 50 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 |
Post-Weekend Framework for the Nifty 50 Prediction for Monday
The Nifty 50 prediction for Monday entering Monday has two confirmed carry-forwards from Friday and one primary unknown. The confirmed positives are SBI Q1 FY27 beat (structural banking positive that sustains over the weekend through analyst reports) and TCS’s 3.36 percent surge (IT recovery confirmed). The confirmed negative carry-forward is ICICI Bank’s 2.5 percent decline, which signals the PSU-private rotation trade has not yet reversed and private bank selling pressure remains in this outlook. The primary unknown is US NFP at 6 PM IST today, which shapes Monday’s gap direction.
Ankit Jaiswal structures the Nifty 50 prediction for Monday around one central question for Monday: will ICICI Bank at Rs 1,421 (three-session low after starting the week above Rs 1,457) find institutional support or continue declining? ICICI Bank’s Q1 FY27 fundamentals (GNPA 2.1 percent at a decade-low, loan growth 15.2 percent) are strong. The Nifty 50 prediction for Monday bull case requires institutional buyers to step in at the Rs 1,415-1,420 support zone on Monday morning.
Nifty 50 Technical Levels for the Prediction for Monday
| Level | Zone | Significance for Nifty 50 prediction for Monday |
|---|---|---|
| Monthly support | 24,200-24,280 | Weak NFP plus private bank continuation bear case |
| Key support | 24,380-24,420 | Must hold for the Nifty 50 prediction for Monday base case to remain valid |
| Friday’s low | 24,522.90 | Break below Monday morning = momentum selling in this outlook |
| Friday’s close | 24,570.65 | Nifty 50 prediction for Monday reference point; reclaiming this is Monday’s first target |
| Friday’s high | 24,629.80 | Above this = intraday recovery confirmed in this outlook |
| Key resistance | 24,680-24,720 | Base case recovery target in this outlook on healthy NFP |
| Bull case | 24,780-24,850 | Strong NFP plus ICICI recovery needed for the Nifty 50 prediction for Monday bull case |
IT Sector: The Nifty 50 Prediction for Monday’s Cleanest Positive
TCS at Rs 2,452.70 (+3.36 percent Friday) and Infosys at Rs 1,175.10 (+0.87 percent) together constitute approximately 7-8 percent of Nifty 50. Their combined Friday gain contributed approximately 50-55 Nifty points of positive contribution that partially offset the broader financial sector drag. For the Nifty 50 prediction for Monday, IT sector sustaining these gains on Monday is the least-event-dependent positive: US enterprise technology spending (Amazon cloud +15 percent, Dow at 54,349 record last week) validates the demand pipeline independent of India’s domestic banking noise.
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Conclusion
The Nifty 50 prediction for Monday for 10 August 2026 enters Monday at 24,570.65 after a session that revealed the market’s Friday priority: IT recovery (TCS +3.36 percent) mattered more than banking clarity (SBI beat failed to lift private banks). Ankit Jaiswal of Univest places the Nifty 50 prediction for Monday support at 24,380-24,420 and the recovery target at 24,680-24,720 on a healthy NFP. The Nifty 50 prediction for Monday requires ICICI Bank finding support at Rs 1,415-1,420 on Monday to confirm that private bank selling pressure has peaked.
Kunal Singla of Univest recommends the three-check approach: NFP headline at 6 PM IST today, Dow Friday close and GIFT Nifty at 9 AM Monday. Keep 24,380 as the absolute Nifty 50 prediction for Monday stop for Monday long positions.
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 Nifty 50 Prediction for Monday, 10 August 2026
What is the Nifty 50 prediction for Monday, 10 August 2026?
Ans. The Nifty 50 prediction for Monday is cautiously neutral with recovery potential. Nifty closed Friday at 24,570.65, falling 65 points as ICICI Bank dropped 2.5 percent and HDFC Bank lost 0.45 percent. TCS +3.36 percent limited the damage. For the Nifty 50 prediction for Monday, support is 24,380-24,420 and resistance is 24,680-24,720. A healthy US NFP above 175,000 is needed for Monday’s recovery to materialise in this outlook.
Why did Nifty fall on Friday despite SBI Q1 FY27 beat?
Ans. The Nifty 50 prediction for Monday context requires understanding Friday’s paradox: SBI rose 1.12 percent to Rs 1,097 (hitting Rs 1,124.5 intraday), but ICICI Bank fell 2.5 percent to Rs 1,421 and HDFC Bank fell 0.45 percent to Rs 731, meaning the broader financial sector drag outweighed the SBI gain in Nifty’s weighted calculation. Crude oil rising on Middle East uncertainty and weak Asian cues compounded the pressure in the Nifty 50 prediction for Monday.
What is Nifty 50 support and resistance for the prediction for Monday?
Ans. Nifty 50 support for Monday is 24,380-24,420 (immediate), 24,280-24,320 (key) and 24,200-24,280 (monthly). Resistance is 24,680-24,720 (first recovery target), 24,780-24,850 (bull case) and 25,000 (monthly call OI wall) in the Nifty 50 prediction for Monday.
How does TCS +3.36% affect the Nifty 50 prediction for Monday?
Ans. TCS gaining 3.36 percent to Rs 2,452.70 on Friday is the most important carry-forward positive in the Nifty 50 prediction for Monday. TCS represents approximately 4 percent of Nifty 50. IT sector recovery from Wednesday’s oversell is confirmed by both TCS +3.36 percent and Infosys +0.87 percent. For the Nifty 50 prediction for Monday, IT sector sustaining Friday’s gains would contribute 40-50 Nifty points of structural support at Monday’s open.
Which analysts prepared the Nifty 50 prediction for Monday?
Ans. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, prepared the Nifty 50 prediction for Monday using Groww-confirmed Friday closing data: Nifty 24,570.65, TCS Rs 2,452.70, ICICI Bank Rs 1,421, SBI Rs 1,097.20 and Bank Nifty 57,746.45.
What is the post-weekend gap risk for the Nifty 50 prediction for Monday?
Ans. The Nifty 50 prediction for Monday’s gap risk is asymmetric: NFP surprise above 230,000 could trigger a gap-up of 80-100 points, while NFP below 130,000 could create a gap-down of 100-150 points amplifying Friday’s decline. The base case for the Nifty 50 prediction for Monday is a flat-to-mildly-positive open (NFP in the 150,000-200,000 range) with Nifty trying to reclaim 24,620-24,640 during the session.
