👉 Bias: Sell on Rise until Nifty sustains above 24,300–24,400.
• Below 24,000 → bearish momentum can increase toward 23,800.
• Above 24,300 → short covering/recovery possible toward 24,350–24,400.
• Above 24,400 → bearish setup weakens significantly.
• Banking stocks may continue to underperform unless RBI provides clarity on the incremental CRR concern.
• IT stocks may remain relatively stronger because of the Nvidia-led US tech rally.
• Keep an eye on Brent $90 and Powell's speech.
📌 QUICK SUMMARY
• 🟢 Positive: Nvidia + Nasdaq rally → IT sector support.
• 🔴 Negative: Banking liquidity + HDFC Bank CEO uncertainty.
• 🔴 Negative: Brent crude near $89, with $90 as key risk level.
• 🔴 Negative: Hawkish Fed expectations ahead of Powell speech.
• 📊 Nifty: 24,000 support | 24,300–24,400 resistance.
• 📊 Bank Nifty: 57,000 support | 58,000 resistance.
• 🎯 Overall: Mixed → Slightly Bearish, with selective strength possible in IT.
15August 28, 2026 1.8K
