Nifty IT Prediction for Tomorrow: Post-Expiry F&O Levels for 24 June 2026
- June 23, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Nifty IT closed 27,012.05 on 23 June 2026, -616.50 (-2.23%). Prev 27,628.55. Nifty 50 23,824.10 (-1.16%). VIX 14.23. BN expiry 24 June 2026. S1:26,950. R1:27,200.
The nifty it prediction for tomorrow for 24 June 2026 is shaped by today’s negative close at 27,012.05 (-616.50, -2.23%) as the Nifty 50 fell -1.16% to 23,824.10 on the weekly options expiry day. Nifty IT fell -2.23% in a second major decline following Friday’s Accenture-led selloff, resuming the IT sector correction. India VIX surged to 14.23 (+10.83%), reflecting elevated post-expiry uncertainty heading into Wednesday, which is the Bank Nifty weekly expiry day.
Ankit Jaiswal, Senior Research Analyst at Univest, and Associate Director Kunal Singla have reviewed today’s Nifty IT price action, F&O data, and broader market context to present the nifty it prediction for tomorrow. Wednesday’s Bank Nifty expiry will add a layer of intraday volatility that affects all sector indices including Nifty IT.
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Nifty IT Prediction for Tomorrow: Today’s Close Summary
- Close and Change: Nifty IT settled at 27,012.05 (-616.50, -2.23%) on 23 June 2026 from the previous close of 27,628.55. Nifty IT fell -2.23% to 27,012.05, resuming its decline after Monday’s recovery. This is the second significant sell-off in IT in three sessions after Friday’s Accenture-triggered fall.
- Market Context: Broad market selloff on Nifty 50 expiry day dragged most sectors lower. Only Nifty Pharma (+0.92%) and Nifty Healthcare (+0.54%) held positive. The nifty it prediction for tomorrow reflects this post-expiry oversold setup.
- F&O Context: No direct Nifty IT F&O expiry on Wednesday. Individual IT stock F&O positions from today’s selloff will influence Tuesday’s opening. Bank Nifty weekly expiry on 24 June 2026 will create additional intraday volatility that may temporarily amplify moves in sector indices.
Nifty IT Prediction for Tomorrow: Key Levels
Trend: Cautiously Bearish | Support 26,950 | Resistance 27,200
| Level | Nifty IT |
|---|---|
| Support 1 | 26,950 |
| Support 2 | 26,700 |
| Resistance 1 | 27,200 |
| Resistance 2 | 27,600 |
The nifty it prediction for tomorrow from Ankit Jaiswal places 26,950 as the immediate support for Wednesday. A hold above this level would keep the near-term nifty it prediction for tomorrow bias range-bound to cautious and target 27,200 as the first upside objective. A decisive break above 27,200 with volume would open 27,600. On the downside, a breach of 26,950 would expose 26,700 as the next support. The nifty it prediction for tomorrow expects cross-index volatility from Bank Nifty expiry to influence the first and final trading hours tomorrow.
Nifty IT F&O and Global Context for 24 June 2026
- Bank Nifty Expiry: Wednesday 24 June 2026 is the Bank Nifty weekly options expiry. The nifty it prediction for tomorrow is subject to sympathetic volatility from this event, especially between 2:00 PM and 3:15 PM when expiry-day action peaks.
- VIX at 14.23: Post-Nifty expiry VIX at 14.23 signals an expected intraday range wider than normal for the nifty it prediction for tomorrow. Use reduced position sizes and strict stop losses for Nifty IT trades on Wednesday.
- Iran-US Talks: Day 3 of Switzerland negotiations. A breakthrough would boost broader risk appetite and improve the nifty it prediction for tomorrow for cyclical sectors; a breakdown revives risk-off and pressures all indices.
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Trading Strategy: Nifty IT Prediction for Tomorrow
- Use 26,950 as Pivot: The nifty it prediction for tomorrow turns bullish above 26,950 and bearish below it. Confirm with volume before entering directional positions on Wednesday.
- Buy-on-Dip Setup: If Nifty IT opens near 26,950 with a positive GIFT Nifty cue, the nifty it prediction for tomorrow supports a long entry targeting 27,200. Stop at 26,700.
- Avoid Expiry Window Trades: Between 2:00 PM and 3:15 PM, Bank Nifty expiry volatility can drag all sector indices including Nifty IT. The nifty it prediction for tomorrow advises reducing positions in this window.
- Confirm with Nifty 50: The nifty it prediction for tomorrow should be validated against Nifty 50’s direction. If Nifty 50 cannot reclaim 23,950 on Wednesday, the nifty it prediction for tomorrow upside is limited even if Nifty IT holds its support.
What Sentiment Indicates for nifty it prediction for tomorrow
The nifty it prediction for tomorrow is influenced by three factors: today’s expiry-day -2.23% move, the Bank Nifty expiry tomorrow, and Iran-US talk progress. Ankit Jaiswal notes that an oversold bounce attempt in Nifty IT near 26,950 is technically plausible given the broad market selloff today, but the nifty it prediction for tomorrow upside is capped at 27,200 unless global cues improve materially overnight.
Kunal Singla observes that DII buying of Rs 66,215 crore MTD in June provides structural support across all index levels including Nifty IT. This backstop limits the downside in the nifty it prediction for tomorrow even if FII selling continues, making the nifty it prediction for tomorrow for Wednesday cautiously range-bound rather than aggressively bearish.
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Risks to nifty it prediction for tomorrow
- Iran Talks Breakdown: An overnight collapse in Switzerland would revive risk-off and push the nifty it prediction for tomorrow below 26,950 on a gap-down open for Wednesday.
- Bank Nifty Expiry Cascade: A cascading series of Bank Nifty expiry-day stop-losses could create sympathetic selling in Nifty IT and breach the nifty it prediction for tomorrow’s 26,950 support temporarily.
- US Tech Weakness: Any Nasdaq decline overnight would amplify the Nifty IT selling and push the nifty it prediction for tomorrow below 26,950 support toward 26,700.
- FII Sustained Selling: If today’s provisional FII data shows outflows above Rs 3,000 crore, it worsens the nifty it prediction for tomorrow opening for Wednesday.
Stocks to Watch Tomorrow, 24 June 2026
Ankit Jaiswal and Kunal Singla of Univest flag three equity stocks for Wednesday’s session. Tomorrow is Bank Nifty weekly expiry (24 June), adding volatility to banking names. These picks are based on today’s post-expiry oversold setup.
| Stock | CMP (23 June 2026) | Entry Zone | Target | Stop Loss |
|---|---|---|---|---|
| Sun Pharma | Rs 1,868.00 | Rs 1,862 to Rs 1,872 | Rs 1,900 to Rs 1,910 | Rs 1,845 |
| HDFC Bank | Rs 774.65 | Rs 772 to Rs 778 | Rs 790 to Rs 795 | Rs 763 |
| Reliance Industries | Rs 1,309.50 | Rs 1,305 to Rs 1,312 | Rs 1,330 to Rs 1,338 | Rs 1,292 |
Sun Pharma closed at Rs 1,868.00 today, the outperformer in a weak market, as Nifty Pharma (+0.92%) was among the very few positive sectors on 23 June 2026. Jaiswal flags entry at Rs 1,862 to Rs 1,872 targeting Rs 1,900. HDFC Bank at Rs 774.65 is oversold ahead of Bank Nifty expiry on Wednesday; Singla sees a pre-expiry short-covering bounce targeting Rs 790 to Rs 795 with stop at Rs 763. Reliance Industries closed at Rs 1,309.50, testing its low of Rs 1,304 today; Jaiswal sees Rs 1,305 to Rs 1,312 as a bounce entry targeting Rs 1,330 with stop at Rs 1,292.
Conclusion
The nifty it prediction for tomorrow on 24 June 2026 is cautiously bearish with support at 26,950 and resistance at 27,200. Ankit Jaiswal notes that a hold above 26,950 is the base case for the nifty it prediction for tomorrow in Wednesday’s session. The nifty it prediction for tomorrow turns decisively positive only on a sustained reclaim of 27,200 with volume, which requires both positive global cues and a smooth Bank Nifty expiry outcome.
This nifty it prediction for tomorrow is based on market data as of close of trade on 23 June 2026. Track GIFT Nifty before 9:15 AM and monitor Iran-US talk developments overnight for the latest inputs for the nifty it prediction for tomorrow direction on 24 June 2026.
Disclaimer: Data and figures are sourced from publicly available information. Please verify all data with NSE (nseindia.com), BSE (bseindia.com), and MCX (mcxindia.com) before investing. Investments are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the nifty it prediction for tomorrow, 24 June 2026?
Ans. The nifty it prediction for tomorrow is cautiously bearish for 24 June 2026 after today’s close at 27,012.05 (-2.23%). Support is at 26,950 and resistance at 27,200. Bank Nifty expiry on Wednesday adds intraday volatility. Watch GIFT Nifty and Iran-US talk outcomes before the 9:15 AM open.
What is the Nifty IT support and resistance for 24 June 2026?
Ans. Ankit Jaiswal places Nifty IT support at 26,950 and 26,700 for the nifty it prediction for tomorrow on 24 June 2026. Resistance levels are 27,200 and 27,600. A sustained move above 27,200 with volume would signal a bullish breakout from the nifty tomorrow Wednesday outlook’s current range-bound structure.
How does Bank Nifty expiry affect the nifty tomorrow Wednesday outlook?
Ans. Bank Nifty weekly expiry on Wednesday 24 June 2026 creates cross-index volatility between 2:00 PM and 3:15 PM that can temporarily break the nifty tomorrow Wednesday outlook’s support and resistance levels. Reduce position sizes in Nifty IT during the Bank Nifty expiry window and use strict stop losses for the nifty tomorrow Wednesday outlook.
What stocks should traders watch alongside the nifty tomorrow Wednesday outlook?
Ans. For Wednesday’s session alongside the nifty tomorrow Wednesday outlook, Ankit Jaiswal and Kunal Singla flag Sun Pharma (defensive outperformer, entry Rs 1,862 to Rs 1,872, target Rs 1,900), HDFC Bank (pre-expiry bounce, entry Rs 772 to Rs 778, target Rs 790), and Reliance Industries (oversold bounce, entry Rs 1,305 to Rs 1,312, target Rs 1,330).
What global cues affect the nifty tomorrow Wednesday outlook for 24 June 2026?
Ans. GIFT Nifty direction, Iran-US talks progress, and US market overnight cues are the primary global inputs for the nifty tomorrow Wednesday outlook on 24 June 2026. A positive GIFT Nifty above 23,850 overnight would signal a bounce attempt for Nifty IT near 26,950 on Wednesday opening.
