PLATINUM RESEARCH | MORNING OUTLOOK | Monday, 24 August 2026
🌏 GIFT NIFTY | OPENING CUE
GIFT Nifty is indicating a positive start, trading around the 24,320 zone, suggesting a mildly higher opening for Nifty. However, the broader global setup remains mixed, with geopolitical tensions and elevated crude prices keeping risk appetite in check.
Trading Quote:
📈 NIFTY | 24,252
Nifty enters the session with a range-bound to mildly cautious structure after its recent rejection from the 24,700–24,800 zone.
The index continues to hold short-term moving-average support, but the 15-minute chart is yet to show a clear trend reversal, with lower highs still visible. The immediate focus remains on whether bulls can reclaim the 24,400 zone with strength.
Support: 24,000
Resistance: 24,400
➡️ 24,000 remains the key line in the sand, while a sustained move above 24,400 could improve momentum. Until then, expect volatility and avoid chasing the opening move.
🏦 BANK NIFTY | 57,762
Bank Nifty continues to look relatively stronger than Nifty, holding above its short-term moving averages and showing a positive recovery structure.
However, the index is consolidating around the 57,800 region on the lower timeframe. A decisive breakout above this zone would be important for the next leg higher, while failure to sustain could keep the index range-bound.
Support: 57,000
Resistance: 58,000
FNO STOCKS ON RADAR
SBI: Management sees the bank's total business potentially doubling to 200 trillion by 2030.
M&M: Focus on exports intensifies with the upcoming Lifestyler pickup.
Grasim: Management targets 2 lakh crore revenue in FY27 as newer growth platforms scale.
Indian Bank: Gold loan portfolio expected to cross 1.5 lakh crore by FY27-end.
🌐 MACRO & MARKET PULSE
FPIs have invested 23,544 crore in Indian equities during August, supported by improving earnings and relative rupee stability.
Crude remains a key risk factor, with Brent around the $93–94 zone amid continuing Middle-East tensions.
India–Japan cooperation remains focused on semiconductors, electronics and strategic manufacturing.
Realty remains under pressure, with sales bookings of major listed developers declining in Q1 FY27.
Defence and shipbuilding remain key domestic manufacturing themes.
Nifty 500 Q1 earnings grew around 13% YoY, with growth significantly stronger excluding oil marketing companies.
Global markets remain sensitive to developments around Iran, crude and upcoming Nvidia earnings.
⚠️ F&O BAN
SAIL — Steel Authority of India Ltd.
🎯 TODAY'S GAME PLAN
Respect the levels. Let the market reveal its hand.
Nifty remains in a broader consolidation phase, while Bank Nifty has a relatively better structure. For us, confirmation > prediction. Stay flexible, manage risk and allow momentum to dictate the trade.
Let's keep growing, learning & minting together.
🌏 GIFT NIFTY | OPENING CUE
GIFT Nifty is indicating a positive start, trading around the 24,320 zone, suggesting a mildly higher opening for Nifty. However, the broader global setup remains mixed, with geopolitical tensions and elevated crude prices keeping risk appetite in check.
Trading Quote:
“A gap-up is only an opening condition, not a trading signal. Let price action confirm the direction.”
📈 NIFTY | 24,252
Nifty enters the session with a range-bound to mildly cautious structure after its recent rejection from the 24,700–24,800 zone.
The index continues to hold short-term moving-average support, but the 15-minute chart is yet to show a clear trend reversal, with lower highs still visible. The immediate focus remains on whether bulls can reclaim the 24,400 zone with strength.
Support: 24,000
Resistance: 24,400
➡️ 24,000 remains the key line in the sand, while a sustained move above 24,400 could improve momentum. Until then, expect volatility and avoid chasing the opening move.
🏦 BANK NIFTY | 57,762
Bank Nifty continues to look relatively stronger than Nifty, holding above its short-term moving averages and showing a positive recovery structure.
However, the index is consolidating around the 57,800 region on the lower timeframe. A decisive breakout above this zone would be important for the next leg higher, while failure to sustain could keep the index range-bound.
Support: 57,000
Resistance: 58,000
FNO STOCKS ON RADAR
SBI: Management sees the bank's total business potentially doubling to 200 trillion by 2030.
M&M: Focus on exports intensifies with the upcoming Lifestyler pickup.
Grasim: Management targets 2 lakh crore revenue in FY27 as newer growth platforms scale.
Indian Bank: Gold loan portfolio expected to cross 1.5 lakh crore by FY27-end.
🌐 MACRO & MARKET PULSE
FPIs have invested 23,544 crore in Indian equities during August, supported by improving earnings and relative rupee stability.
Crude remains a key risk factor, with Brent around the $93–94 zone amid continuing Middle-East tensions.
India–Japan cooperation remains focused on semiconductors, electronics and strategic manufacturing.
Realty remains under pressure, with sales bookings of major listed developers declining in Q1 FY27.
Defence and shipbuilding remain key domestic manufacturing themes.
Nifty 500 Q1 earnings grew around 13% YoY, with growth significantly stronger excluding oil marketing companies.
Global markets remain sensitive to developments around Iran, crude and upcoming Nvidia earnings.
⚠️ F&O BAN
SAIL — Steel Authority of India Ltd.
🎯 TODAY'S GAME PLAN
Respect the levels. Let the market reveal its hand.
Nifty remains in a broader consolidation phase, while Bank Nifty has a relatively better structure. For us, confirmation > prediction. Stay flexible, manage risk and allow momentum to dictate the trade.
Let's keep growing, learning & minting together.