Neutral impactStocks
Nifty Oil and Gas prediction for Monday 24 Aug 2026 Key Levels
Univest 12 hrs ago·21 Aug 2026, 2:39 pm
Oil and gas stocks are set for a volatile session on Monday, August 24, 2026. The sector is likely to react sharply to the Nifty Oil and Gas index's key support and resistance levels, which will determine the day's trading range. Investors should pay close attention to global crude oil prices and domestic fuel demand, as these factors heavily influence the sector's performance.
For traders, the primary focus will be on the index's ability to hold crucial support levels. A break below these marks could trigger a broader market correction, while holding above resistance might signal a fresh rally. Market breadth and volume will also be critical indicators to gauge the strength of the sector's move. Keep a close watch on major oil marketing companies and exploration stocks for directional cues.
Excerpt from Univest
Nifty Oil and Gas at 12,355 (+1.07%) on 21 Aug 2026. High: 11,974. Low: 11,810. Support: 11,810-11,850. Resistance: 11,975. Updated: 21 Aug 2026 • 5:08 pm The Nifty Oil and Gas prediction for Monday is sideways to mildly bullish. The index closed at 12,355 (+1.07%) on 21 August 2026. Ankit Jaiswal notes critical…Read the original at Univest
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