Nifty PSU Bank Prediction for Tomorrow: Key Levels and Outlook for Monday 24 August 2026
- August 23, 2026
- Posted by: Kunal Singla
- Category: Predictions
Nifty PSU Bank at 8,620.00 (+0.04%) on 18 Aug 2026. High: 8,637.80. Low: 8,564.80. Support: 8,617-8,620. Resistance: 8,744.
Quick Answer
The Nifty PSU Bank prediction for Monday is sideways to mildly bullish. The index closed at 8,620.00 (+0.04%) on 18 August 2026. Ankit Jaiswal notes critical support at 8,617-8,620 and resistance at 8,744 for the Nifty PSU Bank prediction for Monday. Kunal Singla observes that a sustained hold above 8,617 is essential for the Nifty PSU Bank prediction for Monday to remain constructive. Nifty PSU Bank was the weakest banking sub-index at +0.04%, continuing its underperformance relative to private sector banks.
The Nifty PSU Bank prediction for Monday follows the 18 August session where the index settled at 8,620.00 (+0.04%). The intraday range was 8,564.80 to 8,637.80 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 PSU Bank 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 PSU Bank 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 8,744 in the Nifty PSU Bank prediction for Monday would be the first bullish signal, while a break below 8,617 would signal caution.
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Today’s Market Recap: Nifty PSU Bank on 21 August 2026
- Nifty PSU Bank: Closed at 8,620.00 (+0.04%) on 18 August 2026. Intraday range 8,564.80 to 8,637.80.
- 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 PSU Bank Prediction for Monday: Technical Analysis
Ankit Jaiswal’s Nifty PSU Bank prediction for Monday identifies 8,617-8,620 as the immediate support. A hold above 8,617 keeps the Nifty PSU Bank prediction for Monday sideways to mildly bullish. A break below could target 8,500 in the Nifty PSU Bank prediction for Monday.
On the upside, the Nifty PSU Bank prediction for Monday places resistance at 8,744. Kunal Singla notes that a close above 8,744 on 21 August would extend the Nifty PSU Bank prediction for Monday toward 8,850. RSI is consistent with the current sideways to mildly bullish bias in the Nifty PSU Bank prediction for Monday.
Trend for 24 August 2026 (Monday): Sideways to Bearish
Support: 8,617-8,620 | 8,500
Resistance: 8,744 | 8,850
Global Cues for Nifty PSU Bank 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 |
|---|---|---|---|
| State Bank of India | 1,048.70 | +0.07% | Support: 1,048 | Resistance: 1,065 |
| Punjab National Bank | 109 | -0.40% | Support: 107 | Resistance: 112 |
| Canara Bank | 99 | -0.30% | Support: 97 | Resistance: 102 |
| Bank of Baroda | 228 | -0.25% | Support: 225 | Resistance: 233 |
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Strategy for Nifty PSU Bank on Monday 24 August 2026
- Buy Nifty PSU Bank dips toward 8,617-8,620 with stop below 8,500 for the Nifty PSU Bank prediction for Monday
- A break above 8,744 in the Nifty PSU Bank prediction for Monday targets 8,850; trail stop at 8,617
- Watch index heavyweights at key levels as leading indicators for the Nifty PSU Bank prediction for Monday
- Monitor VIX: a rise above 12 on 21 August calls for tighter stops in the Nifty PSU Bank prediction for Monday
What Does Market Sentiment Indicate for Nifty PSU Bank Prediction for Monday?
Sentiment for the Nifty PSU Bank 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 PSU Bank prediction for Monday. The Nifty PSU Bank prediction for Monday 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 Nifty PSU Bank prediction for Monday. The 8,617-8,620 level is the key watch: a hold keeps the Nifty PSU Bank outlook for 21 August constructive heading into Monday 24 August 2026.
Risks to the Monday’s Nifty PSU Bank forecast
- A Nifty 50 break below 24,100 would likely drag the Wednesday’s Nifty PSU Bank outlook through its support
- Weak overnight global cues could create a gap-down that tests the index’s prediction for 21 August support
- Sector-specific news could create sharp moves beyond the sector’s 21 August outlook technical levels
- A VIX spike above 12 would increase volatility in the Nifty PSU Bank’s Wednesday prediction and require wider stop-losses
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Conclusion
the Nifty PSU Bank outlook for 21 August is sideways to mildly bullish with the index at 8,620.00 (+0.04%) on 18 August 2026. Ankit Jaiswal’s Monday’s Nifty PSU Bank forecast places support at 8,617-8,620 and resistance at 8,744. Kunal Singla notes that a break above 8,744 would confirm the Wednesday’s Nifty PSU Bank outlook as bullish.
Traders should use the defined levels in the index’s prediction for 21 August with stop-losses. Download the Univest app for live Nifty PSU Bank updates and expert research on the sector’s 21 August outlook.
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 Nifty PSU Bank’s Wednesday prediction?
Ans. the Nifty PSU Bank outlook for 21 August is sideways to mildly bullish. The index closed at 8,620.00 (+0.04%) on 18 August 2026. Support is at 8,617-8,620 and resistance at 8,744. Ankit Jaiswal notes the Monday’s Nifty PSU Bank forecast stays sideways to mildly bullish above 8,617.
What are the Nifty PSU Bank support and resistance levels for Monday 24 August 2026?
Ans. The Wednesday’s Nifty PSU Bank outlook places immediate support at 8,617-8,620 and strong support at 8,500. Resistance is at 8,744 and 8,850. These define the index’s prediction for 21 August trading range.
Which stocks should traders watch for the sector’s 21 August outlook?
Ans. For the Nifty PSU Bank’s Wednesday prediction, 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 Nifty PSU Bank outlook for 21 August?
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 Monday’s Nifty PSU Bank forecast.
What is the trading strategy for the Wednesday’s Nifty PSU Bank outlook?
Ans. For the index’s prediction for 21 August, Ankit Jaiswal recommends buying dips toward 8,617-8,620 with stop below 8,500. Kunal Singla advises chasing a break above 8,744 targeting 8,850. Monitor VIX and FII flows for confirmation.
