Nifty IT Prediction for Tomorrow, 21 July 2026: Index Eases 0.22 Percent to 29,161.90, Holding Up Better Than Banking
- July 20, 2026
- Posted by: Kunal Singla
- Category: News
Nifty IT prediction for tomorrow 21 July 2026: index at 29,161.90, down 0.22 percent on Monday, holding up better than banking. Support 29,000. Resistance 29,325.
Nifty it prediction for tomorrow: Nifty IT closed at 29,161.90 on Monday, down just 64.70 points or 0.22 percent, a genuinely modest pullback given the scale of the day’s banking-driven selloff, as TCS and Infosys both gave back a small part of Friday’s sharp gains while other IT names, including Tech Mahindra, actually posted gains. This nifty it prediction for tomorrow is built on Friday, 10 July 2026’s closing data, the last completed session before markets reopen on Monday, 13 July 2026.
Ankit Jaiswal, Senior Research Analyst at Univest, notes that the Nifty IT prediction for tomorrow reflects the sector’s relative resilience during a session dominated entirely by banking earnings concerns, since IT’s own decline was proportionally far smaller than the sharp falls seen in private banking.
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Market Recap Behind the Nifty it prediction for tomorrow
The index opened at 29,324.45, touched a high of 29,483.15 and a low of 29,113.75 before closing at 29,161.90. TCS eased 0.79 percent to Rs 2,251.10 and Infosys slipped 0.86 percent to Rs 1,087.10, both giving back a modest part of Friday’s sharp gains, a natural pause rather than a reversal given the size of Friday’s own moves.
Nifty it prediction for tomorrow: Trend and Key Levels
Trend: Sideways Above 29,000
| Level Type | Value |
|---|---|
| Support 1 | 29,000 |
| Support 2 | 28,800 |
| Resistance 1 | 29,325 |
| Resistance 2 | 29,480 |
Ankit Jaiswal flags 29,000 as the key support, with 29,325 as the near-term hurdle, matching Monday’s open. A close above 29,480 would confirm the sector is resuming Friday’s rally, while a break under 28,800 would suggest fresh caution has set in.
IT’s Relative Resilience During a Banking-Dominated Session
Ankit Jaiswal notes this as the key theme in the Nifty IT prediction for tomorrow: on a day when the entire market narrative was dominated by HDFC Bank and Axis Bank’s earnings disappointments, IT’s own modest pullback looks more like routine profit booking after Friday’s sharp 1.75 percent rally than any genuine reassessment of the sector’s own fundamentals.
Key Triggers in the Nifty it prediction for tomorrow
These triggers dominate the outlook heading into Monday, 13 July 2026:
- Continued Q1 FY27 earnings season: Further results from IT names would be the clearest sector-specific catalyst.
- Whether Friday’s gains hold: A stabilisation here would confirm Monday’s pullback was routine consolidation.
- Broader market direction: If banking concerns ease, IT could resume its own upward momentum from Friday.
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Stocks to Watch in the IT Sector
Key IT constituents worth tracking alongside the broader sector outlook.
TCS: TCS eased 0.79 percent to Rs 2,251.10, a modest pullback after Friday’s sharp 3.09 percent surge.
Infosys: Infosys slipped 0.86 percent to Rs 1,087.10, similarly consolidating Friday’s own gains.
Risks to the Nifty it prediction for tomorrow
These factors can invalidate this outlook:
- Extended profit booking: If Monday’s modest pullback continues, it could suggest Friday’s rally is more fully unwinding.
- Continued Hormuz-driven volatility: A broad risk-off swing would affect IT alongside the wider market despite its recent strength.
- Banking concerns deepening further: Could eventually spread into broader market weakness that affects even resilient sectors like IT.
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Conclusion
The Nifty IT prediction for tomorrow, 21 July 2026, is sideways above 29,000, after the sector showed real resilience during a session entirely dominated by banking earnings concerns. Ankit Jaiswal flags 29,000 as the key support in the Nifty IT prediction for tomorrow, with Monday’s modest pullback treated as routine consolidation after Friday’s sharp rally heading into Tuesday.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on the Nifty it prediction for tomorrow
What is the Nifty IT prediction for tomorrow, 21 July 2026?
Ans. The Nifty IT prediction for tomorrow, 21 July 2026, is sideways above 29,000. The index closed at 29,161.90 on Monday, down just 0.22 percent, a modest pullback given the day’s banking-driven turmoil.
Which analyst gave the Nifty IT prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst at Univest, has shared the Nifty IT prediction for tomorrow, flagging 29,000 as the key support level.
Why did IT hold up so much better than banking on Monday?
Ans. Nifty IT fell just 0.22 percent on Monday, far less than the sharp declines seen in private banking, because Monday’s entire market narrative was dominated by HDFC Bank and Axis Bank’s own Q1 earnings disappointments, a company-specific story with limited direct read-through to IT.
Did TCS and Infosys reverse their Friday gains on Monday?
Ans. Not really. TCS eased 0.79 percent and Infosys slipped 0.86 percent, both modest pullbacks that only gave back a small part of Friday’s much sharper gains, which the Nifty IT prediction for tomorrow reads as routine consolidation rather than a genuine reversal.
