*📊 INDIAN STOCK MARKET UPDATE — FRIDAY, AUGUST 21, 2026*
🚀 NIFTY SNAPS 7-DAY LOSING STREAK!
Can Bulls Extend Thursday's Relief Rally?
Dalal Street finally broke its painful 7-session losing streak on Thursday as falling U.S. bond yields, a softer dollar and aggressive short-covering triggered a broad-based recovery.
💰 ₹2.7+ LAKH CRORE added to BSE investor wealth in ONE session!
📈 THURSDAY MARKET RECAP
🟢 NIFTY 50: 24,231.85 | ▲ 153.55 (+0.64%)
🟢 SENSEX: 77,537.72 | ▲ 628.04 (+0.82%)
🟢 BANK NIFTY: 57,518.10 | ▲ 257.60 (+0.45%)
🟢 MIDCAP 150: +0.36%
🟢 SMALLCAP 250: +0.58%
📉 INDIA VIX: ~10.82–11.30
🔥 SECTORAL LEADERS
🟢 Nifty Media: +2.13%
🟢 Nifty Realty: +1.41%
🟢 Eternal: +2.5%
🟢 Shriram Finance: +2.2%
🟢 ITC: +1.8%
🟢 Bajaj Finance: +1.7%
🟢 Infosys: +0.91%
🟢 TCS: +0.39%
Breadth strongly favored the bulls with approximately 2,450 advancing stocks vs 1,875 declining stocks on the BSE.
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🎯 TODAY'S NIFTY VIEW
BIAS: 🟢 BULLISH CONTINUATION
Thursday's high-volume recovery reclaimed the 24,150 pivot and 50-day EMA, shifting the short-term setup back toward Buy on Dips.
🚀 BREAKOUT ZONE: 24,290–24,320
A sustained 30-minute close above 24,320 with strong volume could trigger another short-covering wave toward:
🎯 24,450 → 24,500
🛡️ KEY SUPPORT LEVELS
🟢 Immediate Support: 24,130–24,150
🟢 Major Demand: 23,950–24,000
⚠️ A break below 24,100 could reopen weakness toward 23,950.
🏦 BANK NIFTY
🟢 Support: 57,100
🟢 Major Demand: 56,500–56,800
🔴 Resistance: 57,800
🔴 Supply: 58,200–58,500
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🌍 MAJOR CUES TODAY
🇺🇸 U.S. 10Y Yield: 4.64%
💵 Dollar Index: ▼ 0.83%
💰 August FPI Inflows: ₹23,320 crore
🛢️ Brent Crude: ~$94/barrel
📉 India VIX: ~11
Falling U.S. yields and a weaker dollar are providing relief to emerging-market equities, while crude near $94 remains the key risk for India.
🎯 TODAY'S STRATEGY
DON'T CHASE THE OPENING SPIKE.
Watch 24,290–24,320 carefully.
✅ Above 24,320 + volume → 24,450–24,500
✅ Above 24,150 → Buy-on-dips bias remains
⚠️ Below 24,100 → Caution / weakness toward 23,950
👀 Focus on relative-strength:
🔹 Private Banks
🔹 IT Exporters
🔹 Consumer Discretionary
🔹 High-beta financials
📚 Educational purpose only. Not investment advice.
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