Nifty Auto Prediction for Monday: Key Levels and Outlook for Monday 24 August 2026

The Nifty Auto prediction for Monday follows the 21 August session where the index settled at 29,124.60 (-0.60%). The intraday range was 29,087.10 to 29,364.05 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 Auto 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 Auto 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 29,390 in the Nifty Auto prediction for Monday would be the first bullish signal, while a break below 29,178 would signal caution.

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Today's Market Recap: Nifty Auto on 21 August 2026

• Nifty Auto: Closed at 29,124.60 (-0.60%) on 21 August 2026. Intraday range 29,087.10 to 29,364.05.
• 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 Auto Prediction for Monday: Technical Analysis

Ankit Jaiswal's Nifty Auto prediction for Monday identifies 29,178-29,200 as the immediate support. A hold above 29,178 keeps the Nifty Auto prediction for Monday cautiously bearish to sideways. A break below could target 29,000 in the Nifty Auto prediction for Monday.

On the upside, the Nifty Auto prediction for Monday places resistance at 29,390. Kunal Singla notes that a close above 29,390 on 24 August would extend the Nifty Auto prediction for Monday toward 29,500. RSI is consistent with the current cautiously bearish to sideways bias in the Nifty Auto prediction for Monday.

Trend for 24 August 2026 (Monday): Sideways to Bullish
Support: 29,178-29,200 | 29,000
Resistance: 29,390 | 29,500

Global Cues for Nifty Auto 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
Tata Motors	330	-1.29%	Support: 325 | Resistance: 335
Maruti Suzuki	3,580	-0.30%	Support: 3,550 | Resistance: 3,620
Bajaj Auto	8,200	+0.20%	Support: 8,100 | Resistance: 8,350
Hero MotoCorp	4,200	+0.20%	Support: 4,150 | Resistance: 4,260

Explore Sector Stocks on Univest Screener

Strategy for Nifty Auto on Monday 24 August 2026

• Buy Nifty Auto dips toward 29,178-29,200 with stop below 29,000 for the Nifty Auto prediction for Monday
• A break above 29,390 in the Nifty Auto prediction for Monday targets 29,500; trail stop at 29,178
• Watch index heavyweights at key levels as leading indicators for the Nifty Auto prediction for Monday
• Monitor VIX: a rise above 12 on 24 August calls for tighter stops in the Nifty Auto prediction for Monday

What Does Market Sentiment Indicate for Nifty Auto Prediction for Monday?

Sentiment for the Nifty Auto prediction for Monday is cautiously bearish to sideways. Ankit Jaiswal notes that India VIX at 11.20 signals low volatility, supporting range-bound trading in the Nifty Auto prediction for Monday. The Nifty Auto 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 Auto prediction for Monday. The 29,178-29,200 level is the key watch: a hold keeps the Nifty Auto prediction for Monday constructive heading into 24 August 2026.

Risks to the Nifty Auto Prediction for Monday

• A Nifty 50 break below 24,100 would likely drag the Nifty Auto prediction for Monday through its support
• Weak overnight global cues could create a gap-down that tests the Nifty Auto outlook for 24 August support
• Sector-specific news could create sharp moves beyond the Monday's Nifty Auto forecast technical levels
• A VIX spike above 12 would increase volatility in the Wednesday's Nifty Auto outlook and require wider stop-losses

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Conclusion

the index's prediction for 24 August is cautiously bearish to sideways with the index at 29,124.60 (-0.60%) on 21 August 2026. Ankit Jaiswal's the sector's 21 August outlook places support at 29,178-29,200 and resistance at 29,390. Kunal Singla notes that a break above 29,390 would confirm the Nifty Auto's Wednesday prediction as bullish.

Traders should use the defined levels in the Nifty Auto outlook for 24 August with stop-losses. Download the Univest app for live Nifty Auto updates and expert research on the Monday's Nifty Auto 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 Auto outlook?

Ans. the index's prediction for 24 August is cautiously bearish to sideways. The index closed at 29,124.60 (-0.60%) on 21 August 2026. Support is at 29,178-29,200 and resistance at 29,390. Ankit Jaiswal notes the sector's 21 August outlook stays cautiously bearish to sideways above 29,178.

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

Ans. the Nifty Auto's Wednesday prediction places immediate support at 29,178-29,200 and strong support at 29,000. Resistance is at 29,390 and 29,500. These define the Nifty Auto outlook for 24 August trading range.

Which stocks should traders watch for the Monday's Nifty Auto forecast?

Ans. For the Wednesday's Nifty Auto 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 Auto's Wednesday prediction?

Ans. For the Nifty Auto outlook for 24 August, Ankit Jaiswal recommends buying dips toward 29,178-29,200 with stop below 29,000. Kunal Singla advises chasing a break above 29,390 targeting 29,500. Monitor VIX and FII flows for confirmation.