Nifty Metal Prediction for Monday, 10 August 2026: Index Gains 0.50 Percent to 13,189 Led by Hindustan Zinc 2.20 Percent Surge on Silver Bull

The Nifty Metal 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 Metal is the sectoral index for this prediction for Monday. The primary catalyst for the Nifty Metal 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 Metal prediction for Monday.

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Friday's Data Behind the Nifty Metal 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 Metal prediction for Monday

Friday's session presented two contradictory catalysts for the Nifty Metal 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 Metal 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 Metal prediction for Monday

Level Type	Zone
Immediate Support	13,100-13,125
Key Support	12,920-12,970
Immediate Resistance	13,250-13,310
Key Resistance	13,400-13,480

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 Metal prediction for Monday: it means option sellers are not panicking and the August monthly series maintains a defined range. The Nifty Metal prediction for Monday's support at 13,100-13,125 is the immediate floor heading into Monday.

US NFP: The Nifty Metal 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 Metal prediction for Monday position decisions.

Key Factors for the Nifty Metal prediction for Monday

• Hindustan Zinc at Rs 603 (+2.20 percent Friday) is the Nifty Metal prediction for Monday's standout stock. MCX Silver's 3.19 percent surge and MCX Gold's 1.40 percent rally both directly improve Hindustan Zinc's precious metals royalty income.
• The structural zinc supply deficit from Chinese smelter maintenance (Zhuzhou -1,200 tonnes monthly) is fully intact and drives MCX Zinc irrespective of Friday's domestic equity market weakness. This independence is a key Nifty Metal prediction for Monday positive.
• Strong NFP at 6 PM IST today confirming US construction and auto spending would be the Nifty Metal prediction for Monday's primary bull catalyst, supporting both zinc (galvanised steel demand) and copper (US infrastructure).
• MCX Zinc's mild 0.92 percent correction on Friday after the structural supply deficit remains at COMEX near 4-year highs creates a buy-on-dip opportunity in this outlook.

Stocks to Watch for the Nifty Metal prediction for Monday

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

Hindustan Zinc: CMP Rs 603 (+2.20% Fri). Ankit Jaiswal flags entry Rs 596-601, target Rs 622, SL Rs 584. Hindustan Zinc is the Nifty Metal prediction for Monday's highest-conviction stock, benefiting from both MCX Silver +3.19 percent and the structural zinc supply deficit.

Hindalco: CMP Rs 755 est.. Kunal Singla flags entry Rs 748-753, target Rs 778, SL Rs 732. Hindalco provides broad base metals exposure through aluminium and copper in this outlook.

Tata Steel: CMP Rs 187.55 (-0.92% Fri). Ankit Jaiswal flags entry Rs 185-187, target Rs 194, SL Rs 180. Tata Steel at Rs 187.55 (-0.92 percent Friday) provides a buy-on-dip opportunity in this outlook as China construction demand pre-positioning continues.

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

Trading Strategy for the Nifty Metal prediction for Monday

1. 13,100-13,125 is the support for the Nifty Metal prediction for Monday.
2. 13,250-13,310 is the first resistance in this outlook.
3. Hindustan Zinc above Rs 600 on Monday open confirms the Nifty Metal prediction for Monday bull case.
4. Monitor MCX Silver Sunday evening: NYMEX Silver above 80 US dollars confirms precious metals bull sustaining into Monday for the Nifty Metal prediction for Monday.

Risks to the Nifty Metal prediction for Monday

• Chinese smelter maintenance ending early reducing the zinc supply deficit in this outlook.
• Weak NFP raising US recession concerns and reducing base metals demand in this outlook.
• Tata Steel extending Friday's -0.92 percent on continued profit booking in this outlook.

Conclusion

The Nifty Metal prediction for Monday on Monday 10 August 2026 is built on Friday's close of 13,189.85 (+0.50% (+65.25 pts)), 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 13,250-13,310 as the primary resistance and 13,100-13,125 as the critical support for the Nifty Metal 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 Metal prediction for Monday.

Kunal Singla of Univest notes that the Nifty Metal 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 Metal prediction for Monday's support zone at 13,100-13,125 is the line between these two scenarios on Monday.

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FAQs on Nifty Metal Prediction For Monday, 10 August 2026

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

Ans. The Nifty Metal prediction for Monday is positive. Nifty Metal gained 0.50 percent to 13,189.85 on Friday, led by Hindustan Zinc +2.20 percent. MCX Silver +3.19 percent and structural zinc supply deficit support the Nifty Metal prediction for Monday. Support is 13,100-13,125 and resistance is 13,250-13,310.

Which analysts prepared the Nifty Metal prediction for Monday?

Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the Nifty Metal prediction for Monday using Groww-confirmed data: Nifty Metal 13,189.85 (+0.50%), Hindustan Zinc Rs 603 (+2.20%), Tata Steel Rs 187.55 (-0.92%).

Why is Hindustan Zinc the Nifty Metal prediction for Monday standout?

Ans. Hindustan Zinc benefits from two simultaneous positives: MCX Silver surging 3.19 percent (royalty income improvement) and MCX Zinc supply deficit sustaining near COMEX 4-year highs. Both drivers are independent of domestic banking sector events, making it the Nifty Metal prediction for Monday's most structurally resilient stock.

What is Nifty Metal support and resistance for the prediction for Monday?

Ans. Support is 13,100-13,125 and 12,920-12,970. Resistance is 13,250-13,310 and 13,400-13,480 in this outlook.

What stocks are watched in the Nifty Metal prediction for Monday?

Ans. Hindustan Zinc (silver and zinc dual play), Hindalco (broad base metals) and Tata Steel (China demand play) are the three stocks in this outlook.