Nifty IT Prediction for Tomorrow 5 June 2026: Sector Outlook and Key Technical Levels
- June 4, 2026
- Posted by: Kunal Singla
- Category: News
Nifty IT 29,300.60 (-0.28%) on 4 Jun. High 29,382.90, low 28,971.80. Infosys Rs 1,201.30 -1.74%. Support 28,900, resistance 29,500.
The Nifty IT prediction for tomorrow 5 June 2026 is cautiously bearish after the index closed at 29,300.60 (-0.28%) on 4 June 2026, declining for the second consecutive session with a low of 28,971.80. Infosys shed 1.74% to Rs 1,201.30 and the broader IT sector continues to face headwinds from US client spending concerns, rupee near 96 per USD, and profit-booking after the prior week’s AI-momentum rally. The Nifty IT prediction for tomorrow is also shaped by Wipro’s buyback record date on 5 June, which may create post-record selling in Wipro shares.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, provide the complete technical levels and sector outlook for the Nifty IT prediction for tomorrow 5 June 2026.
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Nifty IT Technical Levels for 5 June 2026
| Level | Value |
|---|---|
| 4 June Close | 29,300.60 |
| 4 June High | 29,382.90 |
| 4 June Low | 28,971.80 |
| Support 1 | 28,900 |
| Support 2 | 28,600 |
| Resistance 1 | 29,500 |
| Resistance 2 | 29,800 |
| Trend | Cautiously Bearish |
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Ankit Jaiswal observes that the Nifty IT prediction for tomorrow is bearish unless the sector can defend the 28,900 support zone, which aligns with a key horizontal support from early May. He notes that Infosys at Rs 1,201.30 is approaching its Rs 1,196 session low today and that a break below Rs 1,190 would signal fresh institutional selling in the largest IT index constituent.
Kunal Singla highlights that Wipro’s buyback record date on 5 June may create unusual trading dynamics. While the buyback at Rs 250 per share provides a fundamental anchor, post-record date selling by arbitrageurs could create downward pressure on Wipro shares, which may weigh on the broader Nifty IT prediction for tomorrow.
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Key IT Stocks for Nifty IT Prediction Tomorrow 5 June 2026
- Infosys (Rs 1,201.30, -1.74%): Critical support at Rs 1,190. A recovery above Rs 1,215 needed to reverse bearish momentum for the Nifty IT prediction for tomorrow.
- Wipro (Rs 204.32, +0.11%): Buyback record date 5 June. Expect post-record selling; support at Rs 198 is critical for Nifty IT prediction for tomorrow.
- TCS (Rs 2,241, -0.03%): Broadly flat today. Support Rs 2,200, resistance Rs 2,265. Key Nifty IT weight driver for prediction tomorrow.
Conclusion: Nifty IT Prediction for Tomorrow 5 June 2026
The Nifty IT prediction for tomorrow 5 June 2026 is cautiously bearish with support at 28,900 and resistance at 29,500. Ankit Jaiswal identifies Infosys’s Rs 1,190 as the critical individual stock support, while Kunal Singla warns of Wipro post-record selling pressure. A Nasdaq recovery above 27,086.81 overnight would be the most positive catalyst for the Nifty IT prediction for tomorrow. Traders should use strict stop losses below 28,900 for any long positions in IT stocks heading into the 5 June session.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Disclaimer: The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.
Frequently Asked Questions
What is the Nifty IT prediction for tomorrow 5 June 2026?
Ans. The Nifty IT prediction for tomorrow 5 June 2026 is cautiously bearish. The index closed at 29,300.60 (-0.28%) on 4 June with a low of 28,971.80. Support is at 28,900 and resistance at 29,500. Infosys (-1.74%) and continued sector selling pressure are the primary headwinds.
What are Nifty IT support and resistance levels for 5 June 2026?
Ans. Nifty IT support 1 is 28,900 and support 2 is 28,600. Resistance 1 is 29,500 and resistance 2 is 29,800. The sector needs to reclaim 29,500 to signal stabilisation after recent weeks of IT-led selling.
Why did Nifty IT fall today 4 June 2026?
Ans. Nifty IT fell -0.28% on 4 June 2026 as profit-booking continued in IT heavyweights. Infosys dropped 1.74% to Rs 1,201.30. The sector has been under pressure from concerns around US client spending slowdowns and rupee near 96 per USD reducing hedging gains.
What is the Wipro buyback impact on Nifty IT prediction for tomorrow?
Ans. Wipro’s buyback record date is 5 June 2026. Post record date, Wipro shares may face selling pressure as buyback arbitrageurs exit, which could weigh on Nifty IT prediction for tomorrow. However, the buyback itself at Rs 250 provides a fundamental value anchor.
Which IT stocks are key for the Nifty IT prediction for tomorrow?
Ans. Infosys (Rs 1,201.30, -1.74%), Wipro (Rs 204.32, +0.11%, buyback record date 5 June), TCS (Rs 2,241, -0.03%) and HCL Tech are the primary Nifty IT movers. A recovery in Infosys above Rs 1,215 would be the first positive signal for the Nifty IT prediction for tomorrow.
Is Nifty IT in a downtrend for 5 June 2026?
Ans. Nifty IT has been in a short-term downtrend, closing at 29,300.60 versus a high of 29,382.90 today. The sector is trading below its 20-day moving average. A sustained break above 29,500 would be needed to reverse the near-term bearish bias for the Nifty IT prediction for tomorrow.
How does Nasdaq affect Nifty IT prediction for tomorrow?
Ans. Nasdaq closed at 27,086.81 (+0.42% on 2 June). A continued Nasdaq recovery would provide a positive overnight signal for Nifty IT prediction for tomorrow, particularly for Infosys and TCS which have significant US revenue exposure.
What is the key risk for Nifty IT prediction for tomorrow?
Ans. The key risk for the Nifty IT prediction for tomorrow is continued FII selling in technology stocks, further dollar strength reducing hedge book gains, and any negative management commentary from IT companies on deal pipeline. A breakdown below 28,900 would accelerate IT sector selling.
