Share Market Prediction for Monday: Nifty & Bank Nifty Outlook
Nifty 50 Prediction for Monday (17 August 2026)
The Nifty 50 outlook for Monday remains bearish, based on the current technical structure and Fibonacci analysis.
From the 2020–2026 price structure, Nifty 50 formed a long-term rising wedge pattern. The recent price action suggests that the monthly rising-wedge retest has been completed.
Another important technical signal is the 61.8% Fibonacci retracement zone, calculated using the December 2025 high and March 2026 low. Nifty has shown a rejection candle around this key Fibonacci level, indicating the possibility of renewed selling pressure.
If the index fails to reclaim the resistance zone, the market could remain in a sell-on-rise phase.
Nifty 50 Support and Resistance Outlook
A sustained move below 24,000 could increase downside momentum, while a decisive move above 24,500 may weaken the immediate bearish setup.
Bank Nifty Prediction for Monday (17 August 2026)
The Bank Nifty outlook also remains bearish from a technical perspective.
Bank Nifty has been trading for approximately five consecutive months near the rising-wedge resistance zone. Such prolonged trading near a major resistance area increases the importance of the next decisive breakout or breakdown.
A negative market trigger or adverse news event could accelerate selling pressure and potentially push Bank Nifty toward a breakdown below the March 2026 low.
Therefore, traders should closely monitor the resistance zone before considering any bullish reversal.
Bank Nifty Support and Resistance Outlook
A sustained breakdown below 56,850 could strengthen the bearish momentum, while a decisive move above 57,850 would require reassessment of the bearish setup.