Nifty 50, Sensex Prediction Today: Key Support and Resistance Levels for August 24

Nifty 50 and Sensex Outlook for August 24, 2026

Indian stock market benchmark indices are expected to begin the session on a flat-to-positive note on Monday, August 24, amid mixed global market cues.

Gift Nifty was trading around 24,352 in early indications, suggesting a potentially positive start compared with the previous Nifty futures close.

In the previous session, domestic benchmark indices ended largely unchanged. The Sensex closed at 77,540.83, while the Nifty 50 settled at 24,252.

Market participants may continue to closely watch global developments, crude oil prices, foreign institutional activity and important technical zones.

Previous Session Market Snapshot

Sensex Closing Level: 77,540.83

Sensex Movement: Nearly unchanged

Nifty 50 Closing Level: 24,252

Nifty 50 Movement: Down 20.15 points or 0.08%

Gift Nifty Indication: Around 24,352

The recent market structure indicates that benchmark indices remain near important support and resistance zones.

Sensex Technical Zones

The Sensex continues to trade around its 50-Day EMA while remaining below its 200-Day EMA, indicating a cautious broader technical structure.

The RSI was reported near 49, reflecting relatively subdued momentum and the absence of a strong directional trend.

Important Sensex Support Zone

77,000 – 77,380

A broader support area between 76,300 and 76,500 is also being closely monitored.

Important Sensex Resistance Zone

77,720 – 78,000

The higher resistance area remains around

78,400 – 78,600

A sustained movement beyond these zones could provide additional clarity regarding the next phase of the market structure.

Nifty 50 Technical Outlook

The Nifty 50 continues to remain within an important consolidation zone.

The 24,300 level remains an immediate resistance area, while the index has important support between 24,200 and 24,100.

The broader short-term market structure will depend on whether the Nifty can sustain above key support areas or move beyond the nearby resistance zone.

Key Nifty 50 Levels

Immediate Resistance: 24,300

Important Higher Zone: 24,400 – 24,500

Further Resistance Area: 24,500 – 24,600

Immediate Support: 24,200 – 24,100

Major Psychological Support: 24,000

Lower Support Zone: 23,750 – 23,700

The 24,000–24,040 region is also considered an important technical support cluster based on the chart structures referenced in the market analysis.

What the Nifty 50 Structure Indicates

The index has been facing selling pressure near higher levels and remains in a range-bound structure.

The key factor to watch will be the market's behaviour around the 24,300–24,400 zone.

A sustained move beyond this area may strengthen recovery momentum, while continued weakness below important support zones could increase short-term pressure.

Until a clear directional move develops, volatility around major technical levels may remain important.

Bank Nifty Outlook

Bank Nifty has recently traded within a relatively narrow range, reflecting subdued volatility and a lack of strong directional momentum.

Small-bodied candles and wicks on both sides during several recent sessions indicate indecision among market participants.

The ADX reading also reflects the absence of a strong trend.

Key Bank Nifty Resistance Zone

58,200 – 58,300

Higher areas being monitored include

58,700

59,000

Key Bank Nifty Support Zone

57,300 – 57,200

These zones may remain important for understanding the short-term price structure of the banking index.

Market Factors to Watch Today

Several factors may influence Indian market sentiment during the session.

Gift Nifty Trends: Early indications of domestic market sentiment.

Global Market Cues: Overnight developments in major international markets.

Crude Oil Prices: Continued movement in oil prices may influence domestic market sentiment.

Foreign Investor Activity: Institutional flows remain an important factor for overall market direction.

Key Technical Levels: Price behaviour around major support and resistance zones may provide additional clarity.

TrendRipperX Market View

The Indian benchmark indices are currently positioned near important technical zones.

For the Nifty 50, the 24,100–24,000 region remains a significant support area, while 24,300–24,400 remains an important resistance zone.

For the Sensex, the market is watching the 77,000–77,380 support region and the 77,720–78,000 resistance area.

Bank Nifty remains in a comparatively narrow structure, with 57,300–57,200 acting as an important support zone and 58,200–58,300 as an immediate resistance area.

Market direction may become clearer based on how the indices interact with these key zones.

Key Takeaways

• Indian benchmark indices are expected to open flat to positive on August 24.

• Gift Nifty trends indicate a potentially positive start.

• Nifty 50 has important support between 24,200 and 24,000.

• The 24,300–24,400 zone remains important on the higher side for Nifty.

• Sensex support is being monitored around 77,000–77,380.

• Bank Nifty continues to show a relatively narrow and indecisive structure.

• Global cues, crude oil prices and institutional activity may influence market sentiment.

Disclaimer

This article is published solely for educational and informational purposes.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst.

The information and technical levels mentioned in this article are based on publicly available market information and are intended for general market awareness and educational analysis only.

This article does not constitute financial, investment, trading, legal or tax advice, and should not be interpreted as a recommendation or solicitation regarding any security, index or financial instrument.

Market conditions can change rapidly. Readers should conduct their own research and consult a SEBI-registered financial professional before making any financial or investment-related decisions.