Nifty Chemicals Prediction for Tomorrow: Key Levels and Outlook for Monday 24 August 2026
- August 21, 2026
- Posted by: Kunal Singla
- Category: Predictions
Nifty Chemicals at 8,380 (+1.57%) on 18 Aug 2026. High: 8,215. Low: 8,147. Support: 8,147-8,165. Resistance: 8,215.
Quick Answer
The Nifty Chemicals prediction for Monday is sideways to mildly bullish. The index closed at 8,380 (+1.57%) on 18 August 2026. Ankit Jaiswal notes critical support at 8,147-8,165 and resistance at 8,215 for the Nifty Chemicals prediction for Monday. Kunal Singla observes that a sustained hold above 8,147 is essential for the Nifty Chemicals prediction for Monday to remain constructive.
The Nifty Chemicals prediction for Monday follows the 18 August session where the index settled at 8,380 (+1.57%). The intraday range was 8,147 to 8,215 on a day when Nifty 50 fell +0.08% to 24,252.00 and VIX settled at 11.20. Ankit Jaiswal, Research Analyst at Univest, notes that the Nifty Chemicals prediction for Monday is shaped by today’s price action and global cues for Monday 24 August 2026.
Kunal Singla, Research Analyst at Univest, observes that the Nifty Chemicals prediction for Monday will be directed by overnight Gift Nifty futures and FII flow data. India VIX settling at 11.20 (+4.09%) signals measured selling. A move above 8,215 in the Nifty Chemicals prediction for Monday would be the first bullish signal, while a break below 8,147 would signal caution.
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Today’s Market Recap: Nifty Chemicals on 21 August 2026
- Nifty Chemicals: Closed at 8,380 (+1.57%) on 18 August 2026. Intraday range 8,147 to 8,215.
- Broader Context: Nifty fell +0.08%, Sensex +0.00%. Axis Bank (+1.44%) was the day’s standout large-cap performer.
- Institutional Flows: FII net buyers Rs 508 Cr on 14 Aug. Today’s 18 Aug provisional data is a key overnight update.
Nifty Chemicals Prediction for Monday: Technical Analysis
Ankit Jaiswal’s Nifty Chemicals prediction for Monday identifies 8,147-8,165 as the immediate support. A hold above 8,147 keeps the Nifty Chemicals prediction for Monday sideways to mildly bullish. A break below could target 8,020 in the Nifty Chemicals prediction for Monday.
On the upside, the Nifty Chemicals prediction for Monday places resistance at 8,215. Kunal Singla notes that a close above 8,215 on 21 August would extend the Nifty Chemicals prediction for Monday toward 8,330. RSI is consistent with the current sideways to mildly bullish bias in the Nifty Chemicals prediction for Monday.
Trend for 24 August 2026 (Monday): Sideways
Support: 8,147-8,165 | 8,020
Resistance: 8,215 | 8,330
Global Cues for Nifty Chemicals Prediction for Monday
- US Markets (14 Aug close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
- Asian Markets: Japan’s Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
- Institutional Flows (14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.
Key Events for 24 August 2026 (Monday)
- Indian markets closed Saturday 22 and Sunday 23 August — Monday 24 August opening gap set entirely by weekend global cues
- Gift Nifty futures Monday morning is the primary pre-open directional indicator for all Nifty 50 and Bank Nifty predictions for Monday
- FII provisional data for Friday 21 August (released Monday) confirms weekly institutional direction
- VIX closed at 11.20 (+4.09%) on Friday — slight uptick from Thursday but still below 12; Watch Monday VIX opening for direction
Stocks to Watch Tomorrow
| Name | CMP (Rs) | Day Change | Key Level for Tomorrow |
|---|---|---|---|
| Pidilite Industries | 2,740 | -0.40% | Support: 2,700 | Resistance: 2,790 |
| SRF | 2,590 | -0.30% | Support: 2,550 | Resistance: 2,638 |
| Deepak Nitrite | 2,140 | -0.50% | Support: 2,100 | Resistance: 2,188 |
Explore Sector Stocks on Univest Screener
Strategy for Nifty Chemicals on Monday 24 August 2026
- Buy Nifty Chemicals dips toward 8,147-8,165 with stop below 8,020 for the Nifty Chemicals prediction for Monday
- A break above 8,215 in the Nifty Chemicals prediction for Monday targets 8,330; trail stop at 8,147
- Watch index heavyweights at key levels as leading indicators for the Nifty Chemicals prediction for Monday
- Monitor VIX: a rise above 12 on 21 August calls for tighter stops in the Nifty Chemicals prediction for Monday
What Does Market Sentiment Indicate for Nifty Chemicals Prediction for Monday?
Sentiment for the Nifty Chemicals prediction for Monday is sideways to mildly bullish. Ankit Jaiswal notes that India VIX at 11.20 signals low volatility, supporting range-bound trading in the Nifty Chemicals prediction for Monday. the Nifty Chemicals outlook for 21 August will be guided by whether Nifty 50 holds the 24,100 to 24,150 support zone on 21 August.
Kunal Singla observes that FII buying (Rs 508 Cr on 14 Aug) provides a structural support floor. Today’s provisional 18 Aug FII data, if positive, will further underpin the Monday’s Nifty Chemicals forecast. The 8,147-8,165 level is the key watch: a hold keeps the Wednesday’s Nifty Chemicals outlook constructive heading into Monday 24 August 2026.
Risks to the index’s prediction for 21 August
- A Nifty 50 break below 24,100 would likely drag the sector’s 21 August outlook through its support
- Weak overnight global cues could create a gap-down that tests the Nifty Chemicals’s Wednesday prediction support
- Sector-specific news could create sharp moves beyond the Nifty Chemicals outlook for 21 August technical levels
- A VIX spike above 12 would increase volatility in the Monday’s Nifty Chemicals forecast and require wider stop-losses
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Conclusion
The Wednesday’s Nifty Chemicals outlook is sideways to mildly bullish with the index at 8,380 (+1.57%) on 18 August 2026. Ankit Jaiswal’s the index’s prediction for 21 August places support at 8,147-8,165 and resistance at 8,215. Kunal Singla notes that a break above 8,215 would confirm the sector’s 21 August outlook as bullish.
Traders should use the defined levels in the Nifty Chemicals’s Wednesday prediction with stop-losses. Download the Univest app for live Nifty Chemicals updates and expert research on the Nifty Chemicals outlook for 21 August.
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
What is the Monday’s Nifty Chemicals forecast?
Ans. The Wednesday’s Nifty Chemicals outlook is sideways to mildly bullish. The index closed at 8,380 (+1.57%) on 18 August 2026. Support is at 8,147-8,165 and resistance at 8,215. Ankit Jaiswal notes the index’s prediction for 21 August stays sideways to mildly bullish above 8,147.
What are the Nifty Chemicals support and resistance levels for Monday 24 August 2026?
Ans. the sector’s 21 August outlook places immediate support at 8,147-8,165 and strong support at 8,020. Resistance is at 8,215 and 8,330. These define the Nifty Chemicals’s Wednesday prediction trading range.
Which stocks should traders watch for the Nifty Chemicals outlook for 21 August?
Ans. For the Monday’s Nifty Chemicals forecast, monitor the top index constituents by weightage at their key support and resistance levels as leading indicators for Monday 24 August 2026.
How do global cues affect the Wednesday’s Nifty Chemicals outlook?
Ans. US markets fell 0.20% on 14 Aug and Nifty fell +0.08% on 18 Aug. FII buying of Rs 508 Cr provides support, while weak global macro adds mild headwinds for the index’s prediction for 21 August.
What is the trading strategy for the sector’s 21 August outlook?
Ans. For the Nifty Chemicals’s Wednesday prediction, Ankit Jaiswal recommends buying dips toward 8,147-8,165 with stop below 8,020. Kunal Singla advises chasing a break above 8,215 targeting 8,330. Monitor VIX and FII flows for confirmation.
