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

The Nifty Oil and Gas prediction for Monday follows the 21 August session where the index settled at 12,355 (+1.07%). The intraday range was 11,810 to 11,974 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 Oil and Gas 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 Oil and Gas 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 11,975 in the Nifty Oil and Gas prediction for Monday would be the first bullish signal, while a break below 11,810 would signal caution.

Click Here – Get Free Investment Predictions

Today's Market Recap: Nifty Oil and Gas on 21 August 2026

• Nifty Oil and Gas: Closed at 12,355 (+1.07%) on 21 August 2026. Intraday range 11,810 to 11,974.
• 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 Oil and Gas Prediction for Monday: Technical Analysis

Ankit Jaiswal's Nifty Oil and Gas prediction for Monday identifies 11,810-11,850 as the immediate support. A hold above 11,810 keeps the Nifty Oil and Gas prediction for Monday sideways to mildly bullish. A break below could target 11,650 in the Nifty Oil and Gas prediction for Monday.

On the upside, the Nifty Oil and Gas prediction for Monday places resistance at 11,975. Kunal Singla notes that a close above 11,975 on 24 August would extend the Nifty Oil and Gas prediction for Monday toward 12,100. RSI is consistent with the current sideways to mildly bullish bias in the Nifty Oil and Gas prediction for Monday.

Trend for 24 August 2026 (Monday): Sideways to Bullish
Support: 11,810-11,850 | 11,650
Resistance: 11,975 | 12,100

Global Cues for Nifty Oil and Gas 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
RELIANCE	1,316.00	+0.21%	Support: 1,311 | Resistance: 1,330
ONGC	238.49	+0.88%	Support: 235 | Resistance: 242
BPCL	311	+0.50%	Support: 306 | Resistance: 319
GAIL	200	-0.30%	Support: 197 | Resistance: 204
IOC	156	+0.30%	Support: 153 | Resistance: 160

Explore Sector Stocks on Univest Screener

Strategy for Nifty Oil and Gas on Monday 24 August 2026

• Buy Nifty Oil and Gas dips toward 11,810-11,850 with stop below 11,650 for the Nifty Oil and Gas prediction for Monday
• A break above 11,975 in the Nifty Oil and Gas prediction for Monday targets 12,100; trail stop at 11,810
• Watch index heavyweights at key levels as leading indicators for the Nifty Oil and Gas prediction for Monday
• Monitor VIX: a rise above 12 on 24 August calls for tighter stops in the Nifty Oil and Gas prediction for Monday

What Does Market Sentiment Indicate for Nifty Oil and Gas Prediction for Monday?

Sentiment for the Nifty Oil and Gas 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 Oil and Gas prediction for Monday. The Nifty Oil and Gas 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 Oil and Gas prediction for Monday. The 11,810-11,850 level is the key watch: a hold keeps the Nifty Oil and Gas prediction for Monday constructive heading into 24 August 2026.

Risks to the Nifty Oil and Gas Prediction for Monday

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

Download the Univest iOS App or Univest Android App to track live prices, predictions and expert research.

Conclusion

The Monday's Nifty Oil and Gas forecast is sideways to mildly bullish with the index at 12,355 (+1.07%) on 21 August 2026. Ankit Jaiswal's Wednesday's Nifty Oil and Gas outlook places support at 11,810-11,850 and resistance at 11,975. Kunal Singla notes that a break above 11,975 would confirm the index's prediction for 24 August as bullish.

Traders should use the defined levels in the sector's 21 August outlook with stop-losses. Download the Univest app for live Nifty Oil and Gas updates and expert research on the Nifty Oil and Gas's Wednesday prediction.

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 Oil and Gas outlook for 24 August?

Ans. The Monday's Nifty Oil and Gas forecast is sideways to mildly bullish. The index closed at 12,355 (+1.07%) on 21 August 2026. Support is at 11,810-11,850 and resistance at 11,975. Ankit Jaiswal notes the Wednesday's Nifty Oil and Gas outlook stays sideways to mildly bullish above 11,810.

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

Ans. the index's prediction for 24 August places immediate support at 11,810-11,850 and strong support at 11,650. Resistance is at 11,975 and 12,100. These define the sector's 21 August outlook trading range.

Which stocks should traders watch for the Nifty Oil and Gas's Wednesday prediction?

Ans. For the Nifty Oil and Gas outlook for 24 August, 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 Monday's Nifty Oil and Gas forecast?

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 Wednesday's Nifty Oil and Gas outlook.

What is the trading strategy for the index's prediction for 24 August?

Ans. For the sector's 21 August outlook, Ankit Jaiswal recommends buying dips toward 11,810-11,850 with stop below 11,650. Kunal Singla advises chasing a break above 11,975 targeting 12,100. Monitor VIX and FII flows for confirmation.