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Kavan Patel

21st Aug · SEBI-Registered Analyst

Nifty, Banknifty, Finnifty analysis for 24/08/2026

1. Nifty 50 (24,252) Current Posture: Bearish bias / Hold short position. Trigger Level: 24,300 Analysis: The index is trading just below the immediate inflection point of 24,300. As long as Nifty fails to sustain above this threshold, downside pressure remains intact. Conditional Play: Shift to a long-only stance strictly if the index manages a decisive breakout and sustains above 24,300. 2. Bank Nifty (57,761) Current Posture: Bullish bias / Hold long position. Trigger Level: 57,200Analysis: Bank Nifty continues to demonstrate relative strength, comfortably trading well above the crucial support zone of 57,200. Momentum favors the buyers here. Conditional Play: Flip to a short-only strategy if prices break down and sustain below the 57,200 support floor. 3. Fin Nifty (26,261) Current Posture: Defensive bias / Hold short position. Trigger Level: 26,300Analysis: Mirroring Nifty's slightly weaker posture, Fin Nifty is capped below the 26,300 handle, favoring short continuation strategies. Conditional Play: Look to enter long-only setups if a momentum shift pushes and holds the index above 26,300. F&O top gainer was :

VEDL

#IndexStrategies#TechnicalViews#Pre-OpeningCommentary
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