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Below the Quote on Post market comment for Monday August 10 by Hitesh Tailor, Technical Research Analyst at Choice Broking

Indian equity benchmark Nifty 50 witnessed a largely flat and volatile close on 10th August 2026. The index ended at 24,583.80, gaining 13.15 points or 0.05%, while the Sensex closed at 78,542.44, up 43.27 points or 0.06%. The session remained volatile as investors maintained a cautious approach at higher levels. Despite intermittent profit booking, buying interest in select heavyweight stocks helped the benchmarks hold on to marginal gains.

On the daily timeframe, the Nifty formed a small-bodied, indecisive candlestick, reflecting a balance between buyers and sellers after the recent upmove. The index continues to trade at elevated levels, but the lack of strong directional movement indicates consolidation. The market structure remains positive as long as the index sustains above its immediate support zones, although traders may continue to witness volatility and stock-specific movements.

From a technical perspective, immediate support is placed in the 24,450–24,400 zone, while the broader support area is seen around 24,300–24,250. On the upside, 24,650–24,700 remains the immediate resistance zone, followed by the crucial 24,800–25,000 region. A sustained breakout above 24,700 could strengthen the bullish momentum and open the way for further upside, whereas a break below 24,400 may trigger short-term profit booking.

Sectorally, the market witnessed mixed performance. Nifty Realty emerged as the strongest performer, gaining 1.3%, while Consumer Durables and Private Banks also ended higher. On the downside, PSU Banks declined 1.6%, while Oil & Gas and Infrastructure stocks witnessed mild selling pressure. Among individual Nifty stocks, Titan Company, Tata Consumer Products, Bajaj Finance, Shriram Finance and Grasim were the major gainers, whereas SBI, ITC, Eternal, Dr. Reddy's Laboratories and TCS remained under pressure.

Broader market performance remained relatively encouraging, with the Nifty Midcap 100 gaining 0.6%, indicating continued interest in midcap stocks, while the Smallcap index declined 0.3%. Market breadth remained almost evenly balanced, with 2,103 shares advancing against 2,107 declining, suggesting a lack of broad-based directional conviction.

Overall, the market witnessed a consolidative trading session with a mildly positive bias. While Nifty continues to hold above key support levels, the inability to sustain strong gains at higher levels indicates some profit booking. Going forward, 24,700 will remain the key level to watch on the upside, while 24,400–24,300 will act as crucial support. A decisive breakout above resistance could resume the broader uptrend, whereas a sustained breach of support may lead to a short-term corrective phase.

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