Nifty 50 Prediction for Monday: Weekly Recovery Intact as 24,284 Resistance Tested for 24 August 2026

The Nifty 50 prediction for Monday reflects the outcome of a week that began with a sharp correction and ended with a solid recovery. Friday's session saw Nifty 50 open at 24,284.05, reach a high of 24,284.05, pull back to a low of 24,206.80, and settle at 24,252.00. The flat close (+0.08%) after Thursday's 0.64% gain is a textbook consolidation pattern at resistance. Ankit Jaiswal, Research Analyst at Univest, notes that this pattern — where the index "rests" near its recent high without giving back gains — is typically resolved by the next session's directional catalyst, making the Nifty 50 prediction for Monday critically dependent on Monday's opening cue from global markets.

Kunal Singla, Research Analyst at Univest, observes that the Nifty 50 prediction for Monday is supported by a positive weekly structure. The weekly candle for 18 to 21 August forms a pattern where the index tested and rejected the lows (24,025) and closed near the week's high — a "hammering" recovery that technically signals buyer dominance by week-end. This weekly structure supports the Nifty 50 prediction for Monday being bullish rather than bearish, provided the Monday opening does not create a negative gap that undermines the recovery.

Click Here – Get Free Investment Predictions

Friday Session Recap: 21 August 2026

• Nifty 50 Close: 24,252.00 (+0.08%). Flat consolidation at resistance. Session range 24,206.80 to 24,284.05. The index held all of Thursday's gains while testing the 24,284 resistance — a positive for the Nifty 50 prediction for Monday.
• Weekly Context: Nifty 50 fell from 24,287 (Monday) to 24,025 (Tuesday low) then recovered to 24,252.00 (Friday close). Net weekly change: approximately flat, but the recovery from the low is the key constructive signal for the Nifty 50 prediction for Monday.
• VIX: Rose to 11.20 (+4.09%) on Friday. This is a typical Friday positioning adjustment and not a distress signal. VIX at 11.20 is well within the comfortable zone for the Nifty 50 prediction for Monday to remain constructive.

Nifty 50 Prediction for Monday: Technical Analysis

Ankit Jaiswal's Nifty 50 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 represents the level where buyers consistently stepped in during Friday's intraday pullback. A hold above 24,200 in the Nifty 50 prediction for Monday confirms the base-building narrative. A break below 24,200 on Monday — especially if the opening is also below this level — would signal that the recovery has stalled and the Nifty 50 prediction for Monday turns cautious, with 24,100 as the next support.

On the upside, the Nifty 50 prediction for Monday places first resistance at 24,284 to 24,300. This zone, which was both Friday's intraday high and the opening level of Monday 18 August (from which the week's correction began), is now the critical breakout level. Kunal Singla notes that a decisive close above 24,300 in the Nifty 50 prediction for Monday would signal that the Nifty has fully reversed the week's corrective momentum, opening the path to 24,350 to 24,400.

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
Key Watch: Gift Nifty Monday morning above 24,220 = positive; below 24,180 = caution

Global Cues for Nifty 50 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 Friday session (post-India close): will set the primary overnight global tone for the Nifty 50 prediction for Monday
• Asian markets Monday: Japan Nikkei, Hong Kong Hang Seng early readings will confirm the global risk appetite for the Nifty 50 prediction for Monday
• Gift Nifty futures Monday morning: the single most important pre-market indicator for the Nifty 50 prediction for Monday opening
• FII Friday provisional data (released Monday): reveals whether institutions were net buyers or sellers on 21 August, a key input for the Nifty 50 prediction for Monday

Nifty 50 Stocks to Watch on 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
HDFC Bank	726.95	+0.26%	Support: 726 | Resistance: 732
TCS	2,302.00	+0.17%	Support: 2,263 | Resistance: 2,307
Infosys	1,121.00	-0.80%	Support: 1,118 | Resistance: 1,133

Screen Nifty 50 Stocks on Univest Screener

Nifty 50 Prediction Strategy for Monday 24 August 2026

• Check Gift Nifty Monday morning: above 24,220 = buy on dips toward 24,200 for the Nifty 50 prediction for Monday; below 24,180 = wait for confirmation before entering
• A break above 24,300 in the Nifty 50 prediction for Monday is a strong buy signal targeting 24,350 to 24,400; trail stop at 24,210
• Maintain stop below 24,120 for any Nifty 50 prediction for Monday long positions
• Watch Bank Nifty: if it holds above 57,480 on Monday, the Nifty 50 prediction for Monday stays bullish

What Does Sentiment Indicate for Nifty 50 Prediction for Monday?

Sentiment for the Nifty 50 prediction for Monday is cautiously positive. Three constructive signals stand out: first, the weekly candle pattern (tested lows, closed near highs) is bullish; second, VIX at 11.20 is still below the 12 concern threshold; third, Bank Nifty closed at a new five-day high on Friday. Ankit Jaiswal notes that this combination — positive weekly structure, low VIX, and banking sector leadership — is the foundation of the Nifty 50 prediction for Monday's constructive outlook.

Kunal Singla observes that the Nifty 50 prediction for Monday is the only major prediction article this week where two days of global cues (Saturday and Sunday) are unobservable at the time of writing. This introduces a unique uncertainty that can only be resolved on Monday morning through Gift Nifty futures. Historical analysis shows that weeks where Nifty closes in a recovery pattern (like this week) have a 65 to 70% probability of positive Monday openings when global cues are neutral, which supports a mildly bullish base case for the Nifty 50 prediction for Monday.

Risks to Nifty 50 Prediction for Monday

• A negative US Friday session (post-India close) creating a gap-down Monday opening is the primary risk to the Nifty 50 prediction for Monday
• Geopolitical escalation over the weekend would reverse the constructive VIX and recovery pattern and turn the Nifty 50 prediction for Monday cautious
• A break below 24,200 on Monday morning without recovery would signal the correction resuming and shift the Nifty 50 prediction for Monday to bearish
• FII turning net sellers on Friday 21 August (data released Monday) would add institutional pressure to the the index's Monday outlook

Download the Univest iOS App or Univest Android App to track live Nifty 50 levels and get real-time analyst predictions.

Conclusion

The Monday's Nifty forecast, 24 August 2026, is sideways to mildly bullish. Nifty 50 closed the week at 24,252.00 after a strong intra-week recovery from 24,025. Ankit Jaiswal's the benchmark's 24 August prediction places support at 24,200 and resistance at 24,284 to 24,300. Kunal Singla notes the positive weekly structure and Bank Nifty leadership are the key constructive signals for the the index's 24 August outlook.

Monitor Gift Nifty Monday morning for the opening gap direction. Download the Univest app for live Nifty 50 tracking and expert research on the Monday's index 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 on the Nifty outlook for Monday

What is the the index's Monday outlook, 24 August 2026?

Ans. The Monday's Nifty forecast is sideways to mildly bullish. Nifty 50 closed at 24,252.00 (+0.08%) on Friday 21 August, consolidating after a strong two-session recovery from 24,025 (Tuesday low). Ankit Jaiswal's the benchmark's 24 August prediction places support at 24,200 and resistance at 24,284 to 24,300. The Monday opening gap from Gift Nifty futures is the primary directional indicator for the the index's 24 August outlook.

Why did Nifty 50 consolidate on Friday 21 August?

Ans. Nifty 50 moved just +20.15 points (+0.08%) on Friday 21 August as the index paused after two strong recovery sessions on Wednesday (+0.64%) and Thursday (+0.08%). Ankit Jaiswal notes that this consolidation at the 24,250 to 24,284 zone is consistent with a healthy pause at resistance before the next directional move in the Monday's index forecast.

What is the weekly summary for the the Nifty outlook for Monday?

Ans. Nifty 50 fell from 24,287 (Monday open) to 24,025 (Tuesday intraday low) and then recovered to 24,252.00 (Friday close). This three-down, two-up weekly pattern with a weekly range of 261 points suggests the correction found its floor at 24,025 to 24,100. Kunal Singla notes this is a constructive setup for the the index's Monday outlook.

What are Nifty 50 support and resistance levels for Monday 24 August 2026?

Ans. The Monday's Nifty forecast places immediate support at 24,200 to 24,210 (Friday's session low was 24,206.80) with strong support at 24,100. Resistance stands at 24,284 to 24,300 (Friday's session high) and stronger resistance at 24,350 to 24,400. A close above 24,300 would significantly improve the the benchmark's 24 August prediction outlook.

How does the weekend gap affect the index's 24 August outlook?

Ans. With Indian markets closed Saturday and Sunday, the Monday's index forecast depends critically on two days of global cues. Kunal Singla notes that Gift Nifty futures Monday morning will be the first real-time indicator for the the Nifty outlook for Monday. A positive Gift Nifty (above 24,220) would signal continuation; a negative reading (below 24,180) would warn of a gap-down opening.