The Nifty 50 is expected to open between 24150 and 24200 on Monday, August 31, 2026, as Friday’s close at 24175.65 suggests a narrow range, with mixed FII/DII flows over the last three sessions indicating a cautious sentiment.
Monday Market Playbook: August 31, 2026
Traders, as we head into Monday, August 31, 2026, the immediate focus shifts to the Nifty 50’s ability to hold the 24150 support level. Friday’s closing print of 24175.65, coupled with a net FII outflow of ₹-5,040 Cr in the last session, paints a picture of potential selling pressure. However, robust DII buying, totaling ₹+5,184 Cr on the same day, provides a crucial buffer. The weekend’s global cues, particularly from the US markets and the GIFT Nifty, will be paramount in dictating the opening gap. Our analysis suggests that a breach of 24150 could trigger a swift decline towards 24050, while a sustained move above 24250 might signal a resumption of buying interest, targeting 24350.
FII/DII Flow Snapshot (Last 5 Sessions)
| Date | FII Net (Cr) | DII Net (Cr) | Nifty Close |
|---|---|---|---|
| 2026-08-28 | ₹-5,040 | ₹+5,184 | 24175.65 |
| 2026-08-27 | N/A | N/A | N/A |
| 2026-08-26 | ₹+503 | ₹+6,425 | N/A |
| 2026-08-25 | ₹+1,182 | ₹+2,493 | N/A |
| 2026-08-24 | N/A | N/A | N/A |
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Global Signals and the USD/INR Barometer
The weekend’s international market sentiment, particularly from the US, South Korea, and Taiwan, will be a critical determinant of Monday’s opening. Any significant weakness in US futures or a sharp decline in the GIFT Nifty below 24100 would signal immediate downside risk for the Indian markets. The USD/INR pair trading at 95.65 remains a key indicator of foreign capital flows; a move above 95.75 could suggest increased dollar demand, potentially pressuring equity markets.
FII Positioning: A Tale of Two Sessions
The FII trend over the last three reported sessions presents a mixed picture. While there was a substantial outflow of ₹-5,040 Cr on August 28th, the preceding two sessions (August 26th and 25th) saw net buying of ₹+503 Cr and ₹+1,182 Cr respectively. This divergence suggests that institutional selling on Friday might have been profit-taking or a reaction to specific news, rather than a complete reversal of sentiment. For Monday, sustained FII selling below Friday’s lows would confirm a bearish bias, whereas a return to net buying, especially above the 24250 mark, would indicate renewed institutional confidence.
Bank Nifty: Navigating the 57000 Mark
The Bank Nifty closed at 57496.0, hovering near a critical psychological level. The immediate support lies at 57300. A decisive break below this level, confirmed by increasing volumes, could accelerate the fall towards 57000, a level that has previously acted as a strong support. Conversely, if the index can reclaim and sustain above 57700, we could see a move towards 58000. The zone between 57000 and 57300 is likely to be a battleground, with traps for unwary traders on either side.
Trade Setup 1: Nifty Bearish Breakout Play
Reasoning: Friday’s sharp FII outflow and the potential for negative global cues suggest a risk-off scenario. If Nifty breaks below 24150 with conviction, it could trigger a cascade of selling.
Entry: Short on Nifty futures at 24130.
Target: 24050.
Stop-Loss: 24210.
Trade Setup 2: Bank Nifty Rebound from Support
Reasoning: The Bank Nifty has shown resilience around the 57000-57300 zone in the past. If global cues remain stable or turn positive, a bounce from these levels is plausible, supported by DII buying.
Entry: Long on Bank Nifty futures at 57350.
Target: 57700.
Stop-Loss: 57250.
Monday’s Risk Checklist
- Global Market Weakness: A significant sell-off in US markets overnight or a sharp drop in GIFT Nifty below 24100 would immediately invalidate any bullish thesis.
- USD/INR Surge: A rapid rise in USD/INR above 95.75 could signal foreign institutional selling pressure.
- Nifty Break of 24150: A sustained move below the 24150 support level on high volumes would confirm bearish sentiment.
- Bank Nifty Below 57300: A close below 57300 on the Bank Nifty could lead to further downside.
Key Macro Events This Week
While specific dates for the coming week are not detailed here, traders should remain aware of any major global economic data releases that could influence currency markets and FII flows, particularly those impacting the US dollar and interest rate expectations.
FAQ Section
Q: What did FII buy or sell on 2026-08-28?
A: FIIs sold equities worth ₹-5,040 Cr on August 28, 2026.
Q: What did DII buy on 2026-08-28?
A: Domestic Institutional Investors (DIIs) bought equities worth ₹+5,184 Cr on August 28, 2026.
Q: Is FII buying or selling in August 2026?
A: FII activity in August 2026 has shown a mixed trend, with significant outflows reported on August 28th, contrasting with net buying in earlier sessions of the reported period.
Key Levels to Watch
Nifty Support: 24150, 24050, 23900
Nifty Resistance: 24250, 24350, 24500
Bottom Line: Monday, August 31, 2026, presents a critical juncture for the Indian markets, with the Nifty 50 poised to test the 24150 support level. The interplay between Friday’s significant FII outflow and robust DII buying will be key, alongside global cues. Traders should monitor the 24150 and 57300 levels on Nifty and Bank Nifty respectively for immediate directional bias.
Editorial Note: This article was prepared by the MarketFreeze editorial team using live NSE provisional data, public market feeds, and proprietary institutional flow analysis. All price and flow figures are sourced directly from NSE, BSE, and CoinGecko as of 30 August 2026. This content is for informational purposes only and does not constitute investment advice. MarketFreeze is not SEBI-registered. Please consult a qualified financial advisor before making investment decisions. Data accuracy is subject to NSE provisional reporting and may be revised in final figures.