Nifty Chemicals Prediction for Monday, 10 August 2026: Index Holds as Crude Below Rs 7,500 Maintains Naphtha Feedstock Cost Improvement

Nifty Chemicals Fri: Approx. 24,100-24,300 (Near flat (crude -0.28%, broad market -0.27%)). Range: 24,050-24,350. Nifty IT +1.42%. SBI Q1 NIM 3%. Bajaj Fin -5.84%. VIX 12.16.

Updated: 7 Aug 2026 • 4:46 pm

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Nifty Chemicals Prediction for Monday, 10 August 2026: Index Holds as Crude Below Rs 7,500 Maintains Naphtha Feedstock Cost Improvement

The Nifty Chemicals prediction for Monday on Monday 10 August 2026 is shaped by Friday's session where Nifty 50 closed at 24,570.65 (down 65 points, -0.27%), Sensex fell 455 points to 78,499.17 and Bank Nifty lost 317 points to 57,746.45. The session's defining paradox: SBI Q1 FY27 beat strongly (PAT +10.23%, NIM recovered to exactly 3 percent, GNPA at a two-decade low of 1.47 percent) but Bajaj Finance crashed 5.84 percent and ICICI Bank fell 2.5 percent, dragging the financial sector. The top performers were Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent led by TCS +3.36 percent) and MCX Gold (+1.40 percent) and MCX Silver (+3.19 percent). The Nifty Chemicals is the sectoral index for this prediction for Monday. The primary catalyst for the Nifty Chemicals prediction for Monday is the US Non-Farm Payrolls for July 2026, released at 6 PM IST today after Indian market close, which will determine Monday's opening gap direction. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete Nifty Chemicals prediction for Monday.

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Table of Contents

Friday's Data Behind the Nifty Chemicals prediction for Monday

Indicator	Friday 7 Aug Close (Groww Confirmed)	Change
Nifty 50	24,570.65	-65.35 pts (-0.27%)
Sensex	78,499.17	-455.59 pts (-0.58%)
Bank Nifty	57,746.45	-317.20 pts (-0.55%)
Nifty Auto	29,646.95	+1.83%; top sectoral gainer
Nifty IT	31,547.70	+1.42%; TCS +3.36%, HCL +1.62%, Infosys +0.87%
Nifty PSU Bank	8,786.20	+0.65%; SBI +1.12% on Q1 FY27 beat
Nifty Metal	13,189.85	+0.50%; Hindustan Zinc +2.20%
Nifty Private Bank	27,392.35	-1.04%; ICICI -2.50%, Axis -1.43%
SBI Q1 FY27	Rs 1,097.20 (+1.12%)	PAT Rs 21,121 cr (+10.23%); NIM 3.0%; GNPA 1.47% (2-decade low). High: Rs 1,124.5
Bajaj Finance	Rs 1,078 (-5.84%)	Biggest Nifty 50 loser; dragged Fin Services sector
MCX Gold (Aug Fut)	Rs 1,49,703/10g (+1.40%)	Strong surge; safe-haven demand
MCX Silver (Mini Aug)	Rs 2,34,741/kg (+3.19%)	Outperformed gold; industrial + safe-haven combined
MCX Crude Oil (Aug)	Rs 7,356/bbl (-0.28%)	Slight dip; Iran deal uncertainty continues
India VIX	12.16	Unchanged from previous close
US NFP (July 2026)	Released 6 PM IST today	Primary weekend catalyst for Monday gap direction

SBI Q1 FY27 and Bajaj Finance: Two Opposite Forces Behind the Nifty Chemicals prediction for Monday

Friday's session presented two contradictory catalysts for the Nifty Chemicals prediction for Monday. SBI delivered its strongest quarterly result in recent memory: PAT up 10.23 percent to Rs 21,121 crore, NIM recovered to exactly 3 percent from Q4 FY26's 2.93 percent and GNPA fell to 1.47 percent, a two-decade low. SBI surged to Rs 1,124.5 intraday before closing at Rs 1,097.20 (+1.12 percent). Simultaneously, Bajaj Finance crashed 5.84 percent to Rs 1,078, the biggest Nifty 50 loser, dragging the financial services sector. Ankit Jaiswal notes that the Nifty Chemicals prediction for Monday is shaped by which of these two forces dominates on Monday: SBI's confirmed earnings strength or Bajaj Finance's Q1 result-related concerns spilling into the broader NBFC sector.

Technical Levels for the Nifty Chemicals prediction for Monday

Level Type	Zone
Immediate Support	24,000-24,050
Key Support	23,700-23,780
Immediate Resistance	24,450-24,550
Key Resistance	24,700-24,800

Kunal Singla observes that India VIX closed Friday at 12.16, unchanged from Thursday's close. Stable VIX at 12-13 despite the broader market fall is structurally positive for the Nifty Chemicals prediction for Monday: it means option sellers are not panicking and the August monthly series maintains a defined range. The Nifty Chemicals prediction for Monday's support at 24,000-24,050 is the immediate floor heading into Monday.

US NFP: The Nifty Chemicals prediction for Monday Primary Weekend Variable

US Non-Farm Payrolls for July 2026 releases at 6 PM IST today. A healthy NFP (175,000-230,000 range) supports a Monday gap-up in this outlook as Dow Jones rises and FII risk-on flows return to India on Monday morning. A weak NFP below 130,000 raises US recession concerns and creates a Monday gap-down in this outlook. Ankit Jaiswal recommends checking GIFT Nifty at 9 AM Monday before making any Nifty Chemicals prediction for Monday position decisions.

Key Factors for the Nifty Chemicals prediction for Monday

MCX Crude at Rs 7,356 (-0.28 percent Friday) maintains naphtha feedstock cost improvement of approximately 1.5-2 percent versus last fortnight's higher crude levels. This feedstock saving directly improves specialty chemical EBITDA in this outlook.
India's specialty chemical export growth running at 18-22 percent year-on-year through Q1 FY27 provides structural revenue growth in this outlook independent of Friday's broad market weakness.
Reliance Industries at Rs 1,334.80 (+0.74 percent Friday) confirms petchem demand is stable, providing the Nifty Chemicals prediction for Monday with a positive leading indicator from India's largest petrochemical company.
US NFP at 6 PM IST today is the Nifty Chemicals prediction for Monday's secondary catalyst: strong NFP supporting US industrial activity confirms export demand for Indian specialty chemicals in this outlook.

Stocks to Watch for the Nifty Chemicals prediction for Monday

Univest analysts flag the following stocks for educational observation in this outlook on Monday. These are not buy or sell recommendations.

Reliance Industries: CMP Rs 1,334.80 (+0.74% Fri). Ankit Jaiswal flags entry Rs 1,320-1,330, target Rs 1,360, SL Rs 1,298. Reliance is India's largest petchem company with direct naphtha feedstock sensitivity in this outlook.

ITC: CMP Rs 286.10 (+0.07% Fri). Kunal Singla flags entry Rs 283-285, target Rs 296, SL Rs 276. ITC's agro-chemicals business benefits from stable chemical input costs in this outlook.

Hindalco: CMP Rs 755 est.. Ankit Jaiswal flags entry Rs 748-753, target Rs 778, SL Rs 732. Hindalco participates in the industrial materials complex that tracks the Nifty Chemicals prediction for Monday.

Screen All Stocks for the Nifty Chemicals prediction for Monday on Univest

Trading Strategy for the Nifty Chemicals prediction for Monday

24,000-24,050 is the support for the Nifty Chemicals prediction for Monday.
24,450-24,550 is the first resistance in this outlook.
Iran deal overnight reducing feedstock costs further would extend the Nifty Chemicals prediction for Monday upside.
Track Reliance Industries opening as the petchem bellwether for the Nifty Chemicals prediction for Monday.

Risks to the Nifty Chemicals prediction for Monday

Iran talks collapse reversing feedstock cost tailwinds in this outlook.
China resuming specialty chemical exports reducing India's export market share in this outlook.
Rupee strengthening from FII inflows on strong NFP reducing export realizations in this outlook.

Conclusion

The Nifty Chemicals prediction for Monday on Monday 10 August 2026 is built on Friday's close of Approx. 24,100-24,300 (Near flat (crude -0.28%, broad market -0.27%)), from a session where Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent) and MCX precious metals (Gold +1.40 percent, Silver +3.19 percent) were the week's bright spots while Bajaj Finance (-5.84 percent) and ICICI Bank (-2.5 percent) created financial sector drag. Ankit Jaiswal of Univest identifies 24,450-24,550 as the primary resistance and 24,000-24,050 as the critical support for the Nifty Chemicals prediction for Monday. The US NFP at 6 PM IST today is the primary variable: monitor GIFT Nifty Sunday evening and at 9 AM Monday before positioning for the Nifty Chemicals prediction for Monday.

Kunal Singla of Univest notes that the Nifty Chemicals prediction for Monday has a dual structure for Monday: the recovery case (IT and Auto momentum continues, SBI Q1 beat sustains, NFP healthy) and the continuation decline case (Bajaj Finance concerns spread to NBFCs, private banks extend selling, weak NFP). The Nifty Chemicals prediction for Monday's support zone at 24,000-24,050 is the line between these two scenarios on Monday.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Download the Univest iOS App or Univest Android App to track live levels and receive NFP-driven alerts for the Nifty Chemicals prediction for Monday on Monday.

FAQs on Nifty Chemicals Prediction For Monday, 10 August 2026

What is the Nifty Chemicals prediction for Monday, 10 August 2026?

Ans. The Nifty Chemicals prediction for Monday is neutral to positive. The index held broadly stable on Friday as MCX Crude at Rs 7,356 maintains naphtha feedstock cost improvement. Support is 24,000-24,050 and resistance is 24,450-24,550 in this outlook.

Which analysts prepared the Nifty Chemicals prediction for Monday?

Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the Nifty Chemicals prediction for Monday.

How does crude affect the Nifty Chemicals prediction for Monday?

Ans. MCX Crude at Rs 7,356 reduces naphtha feedstock costs 1.5-2 percent versus recent highs, directly improving specialty chemical sector EBITDA in this outlook.