Neutral impactSector
Nifty IT prediction for Monday 24 Aug 2026 Key Levels
Univest 4 hrs ago·21 Aug 2026, 2:36 pm
The Indian IT sector is set for a volatile session on Monday, August 24, 2026, as investors closely monitor key technical levels. The Nifty IT index is currently facing resistance at the 24,000 mark, while support sits near the 23,000 level. A decisive break above this resistance could trigger a fresh rally, whereas a fall below support might signal a deeper correction.
For investors, this technical setup is critical as it determines the immediate short-term trend. The sector has been under pressure due to global economic uncertainties, making these levels a key battleground for bulls and bears. Market participants should watch the volume of trades at these levels to gauge the strength of the move.
Moving forward, traders will focus on global cues, particularly from the US tech sector, to validate any breakout or breakdown. A strong close above 24,000 would be a positive sign, while a sustained decline could test the broader market sentiment. Investors should exercise caution and avoid taking large directional bets until clarity emerges.
Excerpt from Univest
Nifty IT at 30,532.25 (-0.46%) on 21 Aug 2026. High: 30,693.35. Low: 30,337.00. Support: 30,200-30,213. Resistance: 30,615. Updated: 21 Aug 2026 • 5:41 pm The Nifty IT prediction for Monday is cautiously bearish to sideways. The index closed at 30,532.25 (-0.46%) on 21 August 2026. Ankit Jaiswal notes critical support…Read the original at Univest
Key takeaways
- Category: Sector.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
