Stock Market Technical Analysis | 10th to 14th Aug 2026 Weekly Wrap

Nifty slipped 0.83% last week to 24,366, while Bank Nifty declined 0.44%. Despite the weak headline performance, DII buying remained supportive, while derivatives data pointed to a volatile near-term setup.

Expert recommendation by:

• Mr. Ketan Kaushik - Derivative Analyst

Equity

• Benchmark Index traded with negative bias in the previous week before closing with 0.83% cut at 24,366 level. Banking Index performed better than the benchmark index as it closed with 0.44% cut at 57,491 level.
• Among the Nifty constituents, BEL and DRREDDY outperformed the benchmark index as they closed with 2.44% and 2.39% gains while MAXHEALTH and ULTRACEMCO underperformed as they closed with 5.74% and 4.01% cut respectively. Among the Bank Nifty constituents PNB outperformed the benchmark index as it closed with 2.78% gain while SBIN underperformed the benchmark index as it closed with 2.69% cut.
• Among sectors, NIFTYMEDIA index outperformed the benchmark index during the previous week as it closed with 2.26% gain while NIFTYMETAL index underperformed as it closed with 1.88% cut. MIDCAP index outperformed the benchmark index as it closed with 0.50% gain while SMALLCAP index performed better than the benchmark index as it closed with 0.65% cut.
• Volatility index (India VIX) closed with 7.01% cut at 11.31 level.
• Both FII and DII were net buyers as they bought stocks worth Rs 1,229 Cr and 9,286 Cr respectively during the previous week in the cash segment.
• Globally, equity markets traded with a negative bias as both US market (DJIA) and European market (STOXX 600) closed with 0.56% and 0.36% cut respectively.

Derivatives

• Derivatives data for Nifty suggest max OI addition at 24350 call and 24300 put side with max OI at 25000 call and 24000 put side (18th Aug expiry). Nifty cumulative PCR closed at 0.98 for Aug 14.
• Derivatives data for Bank-nifty suggest max OI addition at 60000 call and 56000 put side with max OI at 58000 for both call and put side (25th Aug expiry). Bank-nifty cumulative PCR closed at 0.85 for Aug 14.

💡Want to understand how derivatives drive these market swings?  
Master the basics of stock market derivatives here.

Performance:

Indices

Source: NSE

Sector Gainers/Losers

Source: NSE

FII / DII ACTIVITY (WEEKLY)

Source: NSE

SUPPORT/RESISTANCE LEVEL FOR UPCOMING WEEK

Source: NSE

DAILY EXPONENTIAL MOVING AVERAGE

Source: NSE

TECHNICAL OUTLOOK

NIFTY (WEEKLY)

• Benchmark index traded with a negative bias in the previous week before closing with bearish candlestick formation on the weekly chart
• Benchmark index is likely to trade volatile in the coming week
• Benchmark Index has support at 23,900–23,700 level and resistance at 24,800–25,000 level

BANK NIFTY (WEEKLY)

• Banking index performed better than the benchmark and closed with indecisive candlestick formation on the weekly chart
• Banking index is likely to perform in line with the Benchmark index in the coming week
• Banking index has support at 56,300-55,800 and resistance at 58,700-59,200 level

FIN NIFTY (WEEKLY)

• FINNIFTY index underperformed the banking index and closed with a bearish candlestick formation on the weekly chart
• FINNIFTY is likely to trade in line with the banking index in the coming week
• FINNIFTY has support at 25,700-25,500 level and resistance at 26,700-26,900 level.

Turn insights into action — invest in Index ETFs and Derivatives now.  
Open your MNCL Demat Account today!

Market FAQs – Weekly Summary

What happened to the Nifty 50 last week?

The Nifty 50 declined 0.83% during the week and closed at 24,366, indicating a mildly weak market tone.

How did Bank Nifty perform last week?

Bank Nifty declined 0.44% to close at 57,491, outperforming the Nifty 50 on a relative basis.

Which Nifty stocks performed best during the week?

BEL and DRREDDY were among the stronger Nifty constituents, gaining 2.44% and 2.39%, respectively.

Which sectors outperformed the market?

NIFTYMEDIA outperformed with a 2.26% gain, while the NIFTYMETAL index declined 1.88%.

What happened to India VIX?

India VIX declined 7.01% to 11.31, indicating a reduction in the market's implied volatility during the week.

What were FII and DII flows?

Both investor categories were net buyers. FIIs bought ₹1,229 crore, while DIIs bought ₹9,286 crore in the cash segment.

What does the Nifty PCR indicate?

Nifty's cumulative PCR stood at 0.98 as of August 14, suggesting a relatively balanced derivatives positioning.

What are the key Nifty options levels?

Maximum open-interest addition was observed at 24,350 Call and 24,300 Put, while major open interest was concentrated at 25,000 Call and 24,000 Put.

What are the key Bank Nifty options levels?

Maximum open-interest addition was seen at 60,000 Call and 56,000 Put, with notable open interest at 58,000 on both the Call and Put sides.

What is the near-term market outlook?

The near-term setup may remain volatile as the benchmark trades below the previous week's close and derivatives positioning indicates important option-based support and resistance zones.

Before You Trade, Strengthen Your Foundations with These Guides

• For a stronger understanding of indicators such as RSI, VWAP, and trendlines, check our 👉 Technical Analysis Fundamentals section.
• Want to refine your risk-reward planning? Explore our insights on 👉 Position Sizing & Risk Management Strategies.
• India VIX Explained
• Track weekly trends and movement using
  👉 Gift Nifty Live Dashboard
  👉 Gift Nifty Today Analysis
  👉 How to Trade Gift Nifty
  👉 Gift Nifty Trading Hours
• Learn how to interpret derivatives data for better trading decisions. 👉 Advanced Trading Strategies