Nifty Metal Prediction for Monday: Key Levels and Outlook for Monday 24 August 2026
- August 21, 2026
- Posted by: Kunal Singla
- Category: Predictions
Nifty Metal at 13,172.60 (+0.86%) on 21 Aug 2026. High: 13,210.35. Low: 13,073.10. Support: 13,024-13,025. Resistance: 13,132.
Quick Answer
The Nifty Metal prediction for Monday is sideways to mildly bullish. The index closed at 13,172.60 (+0.86%) on 21 August 2026. Ankit Jaiswal notes critical support at 13,024-13,025 and resistance at 13,132 for the Nifty Metal prediction for Monday. Kunal Singla observes that a sustained hold above 13,024 is essential for the Nifty Metal prediction for Monday to remain constructive. Nifty Metal reversed yesterday’s surge with a corrective pullback, as MCX copper and zinc prices also declined on 21 August.
The Nifty Metal prediction for Monday follows the 21 August session where the index settled at 13,172.60 (+0.86%). The intraday range was 13,073.10 to 13,210.35 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 Metal 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 Metal 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 13,132 in the Nifty Metal prediction for Monday would be the first bullish signal, while a break below 13,024 would signal caution.
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Today’s Market Recap: Nifty Metal on 21 August 2026
- Nifty Metal: Closed at 13,172.60 (+0.86%) on 21 August 2026. Intraday range 13,073.10 to 13,210.35.
- 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 21 Aug provisional data is a key overnight update.
Nifty Metal Prediction for Monday: Technical Analysis
Ankit Jaiswal’s Nifty Metal prediction for Monday identifies 13,024-13,025 as the immediate support. A hold above 13,024 keeps the Nifty Metal prediction for Monday sideways to mildly bullish. A break below could target 12,900 in the Nifty Metal prediction for Monday.
On the upside, the Nifty Metal prediction for Monday places resistance at 13,132. Kunal Singla notes that a close above 13,132 on 24 August would extend the Nifty Metal prediction for Monday toward 13,200. RSI is consistent with the current sideways to mildly bullish bias in the Nifty Metal prediction for Monday.
Trend for 24 August 2026 (Monday): Sideways
Support: 13,024-13,025 | 12,900
Resistance: 13,132 | 13,200
Global Cues for Nifty Metal 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 Monday |
|---|---|---|---|
| TATASTEEL | 938 | -0.60% | Support: 926 | Resistance: 950 |
| JSWSTEEL | 938 | -0.50% | Support: 924 | Resistance: 950 |
| HINDALCO | 666 | -0.60% | Support: 656 | Resistance: 680 |
| HINDCOPPER | 560 | Profit-taking | Support: 545 | Resistance: 575 |
| HINDZINC | 565 | -0.50% | Support: 555 | Resistance: 576 |
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Strategy for Nifty Metal on Monday 24 August 2026
- Buy Nifty Metal dips toward 13,024-13,025 with stop below 12,900 for the Nifty Metal prediction for Monday
- A break above 13,132 in the Nifty Metal prediction for Monday targets 13,200; trail stop at 13,024
- Watch index heavyweights at key levels as leading indicators for the Nifty Metal prediction for Monday
- Monitor VIX: a rise above 12 on 24 August calls for tighter stops in the Nifty Metal prediction for Monday
What Does Market Sentiment Indicate for Nifty Metal Prediction for Monday?
Sentiment for the Nifty Metal 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 Metal prediction for Monday. The Nifty Metal prediction for Monday will be guided by whether Nifty 50 holds the 24,100 to 24,150 support zone on 24 August.
Kunal Singla observes that FII buying (Rs 508 Cr on 14 Aug) provides a structural support floor. Today’s provisional 21 Aug FII data, if positive, will further underpin the Nifty Metal prediction for Monday. The 13,024-13,025 level is the key watch: a hold keeps the Nifty Metal prediction for Monday constructive heading into 24 August 2026.
Risks to the Nifty Metal Prediction for Monday
- A Nifty 50 break below 24,100 would likely drag the Nifty Metal prediction for Monday through its support
- Weak overnight global cues could create a gap-down that tests the Nifty Metal outlook for 24 August support
- Sector-specific news could create sharp moves beyond the Monday’s Nifty Metal forecast technical levels
- A VIX spike above 12 would increase volatility in the Wednesday’s Nifty Metal outlook and require wider stop-losses
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Conclusion
the index’s prediction for 24 August is sideways to mildly bullish with the index at 13,172.60 (+0.86%) on 21 August 2026. Ankit Jaiswal’s the sector’s 21 August outlook places support at 13,024-13,025 and resistance at 13,132. Kunal Singla notes that a break above 13,132 would confirm the Nifty Metal’s Wednesday prediction as bullish.
Traders should use the defined levels in the Nifty Metal outlook for 24 August with stop-losses. Download the Univest app for live Nifty Metal updates and expert research on the Monday’s Nifty Metal forecast.
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 Wednesday’s Nifty Metal outlook?
Ans. the index’s prediction for 24 August is sideways to mildly bullish. The index closed at 13,172.60 (+0.86%) on 21 August 2026. Support is at 13,024-13,025 and resistance at 13,132. Ankit Jaiswal notes the sector’s 21 August outlook stays sideways to mildly bullish above 13,024.
What are the Nifty Metal support and resistance levels for Monday 24 August 2026?
Ans. the Nifty Metal’s Wednesday prediction places immediate support at 13,024-13,025 and strong support at 12,900. Resistance is at 13,132 and 13,200. These define the Nifty Metal outlook for 24 August trading range.
Which stocks should traders watch for the Monday’s Nifty Metal forecast?
Ans. For the Wednesday’s Nifty Metal outlook, 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 index’s prediction for 24 August?
Ans. US markets fell 0.20% on 14 Aug and Nifty fell +0.08% on 21 Aug. FII buying of Rs 508 Cr provides support, while weak global macro adds mild headwinds for the sector’s 21 August outlook.
What is the trading strategy for the Nifty Metal’s Wednesday prediction?
Ans. For the Nifty Metal outlook for 24 August, Ankit Jaiswal recommends buying dips toward 13,024-13,025 with stop below 12,900. Kunal Singla advises chasing a break above 13,132 targeting 13,200. Monitor VIX and FII flows for confirmation.
