Nifty IT Prediction for Tomorrow, Tuesday 4 August 2026: Index at 40,038 Range-Bound as Dollar Softness Helps but Deal Momentum Awaited
- August 3, 2026
- Posted by: Kunal Singla
- Category: News
Nifty IT Monday: 40,038 (+0.28%). Day range: 39,780-40,180. Support 39,700-39,800. Resistance 40,400-40,500. Nifty 50: 24,611 (+0.94%).
The Nifty IT prediction for tomorrow for Tuesday 4 August 2026 is shaped by a historic macro event on Monday: US President Trump confirmed Iran-US peace negotiations, sending Brent crude crashing over 6 percent to $82 and lifting Nifty 50 by 228 points or 0.94 percent to 24,611.50, its first close above 24,600 in six weeks. Nifty IT gained only 0.28 percent Monday, the weakest major sector performer, as Iran peace talks kept the broader market focused on cyclicals (banks, FMCG, auto) rather than defensive technology. However, a softening US dollar and Amazon’s 15 percent surge from cloud earnings on July 31 provide global technology sentiment support. The Nifty IT prediction for tomorrow is range-bound as investors balance a positive global technology backdrop against awaited deal flow data in Indian IT’s September quarter guidance season. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the full Nifty IT prediction for tomorrow covering technical levels, key triggers and three stocks to watch.
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Monday Session Data Behind the Nifty It Prediction For Tomorrow
| Indicator | Monday | Change |
|---|---|---|
| Nifty IT | 40,038 | +0.28% |
| Day Range | 39,780-40,180 | Session high/low |
| Nifty 50 | 24,611.50 | +228 pts (+0.94%) |
| Bank Nifty | 57,507.80 | +531 pts (+0.93%) |
| India VIX | 11.55 | -4.9% (multi-month low) |
| FII Cash (provisional) | +Rs 918 Cr | Net Buyers |
Technical Levels for the Nifty It Prediction For Tomorrow
| Level | Zone |
|---|---|
| Immediate Support | 39,700-39,800 |
| Support 2 | 39,200-39,400 |
| Strong Support | 38,500-38,700 (50 DMA) |
| Immediate Resistance | 40,400-40,500 |
| Key Resistance | 41,000-41,200 |
Ankit Jaiswal notes that the Nifty IT prediction for tomorrow rests on the immediate support at 39,700-39,800 holding during Tuesday’s session. Monday’s close near the session high for most assets confirms buyers were in control into the 3:30 PM bell, a strong quality signal for the Nifty IT prediction for tomorrow. Kunal Singla adds that India VIX at 11.55, its lowest in several months, reduces the probability of a large gap-down reversal, providing a constructive technical environment for the Nifty IT prediction for tomorrow.
Key Factors for the Nifty It Prediction For Tomorrow
- US technology majors’s strong July 31 results with Amazon +15 percent, Alphabet +6.9 percent and Microsoft +3 percent provide global technology sentiment support for the Nifty IT prediction for tomorrow.
- A softening US dollar at 95.59 improves rupee-denominated revenues for Indian IT exporters earning predominantly in dollars. Each 1 percent dollar move changes Nifty IT revenue by 0.8-1 percent in rupee terms, Ankit Jaiswal notes for the Nifty IT prediction for tomorrow.
- The Indian IT sector’s September 2026 quarter guidance season begins in mid-August. Investors are waiting for deal flow and discretionary spending recovery signals before committing to large positions in the Nifty IT prediction for tomorrow.
Stocks to Watch in the Nifty It Prediction For Tomorrow
Univest analysts have flagged three stocks for educational observation in the Nifty IT prediction for tomorrow. These are not buy recommendations.
1. TCS: Trading near Rs 3,848 on Monday. Ankit Jaiswal flags entry zone Rs 3,820-3,840, target Rs 3,935, stop loss Rs 3,790. TCS is the largest Nifty IT constituent. Its large-deal momentum and BFSI sector exposure make it the primary bellwether for the Nifty IT prediction for tomorrow.
2. Infosys: Trading near Rs 1,078 on Monday. Kunal Singla flags entry zone Rs 1,065-1,075, target Rs 1,112, stop loss Rs 1,048. Infosys is the second largest IT company and provides complementary directional information to TCS for the Nifty IT prediction for tomorrow.
3. HCL Technologies: Trading near Rs 1,828 on Monday. Ankit Jaiswal flags entry zone Rs 1,805-1,820, target Rs 1,882, stop loss Rs 1,778. HCL Technologies’ infrastructure services and product business gives it differentiated exposure within the Nifty IT prediction for tomorrow versus pure software services plays.
Use the Univest Screener to Find Strong Stocks for Tomorrow’s Session
Nifty It Prediction For Tomorrow: Trading Strategy
- 39,700-39,800 is the primary support for the Nifty IT prediction for tomorrow.
- 40,400-40,500 is the immediate resistance for the Nifty IT prediction for tomorrow. Ankit Jaiswal recommends booking here.
- Track TCS and Infosys open prices Tuesday for the Nifty IT prediction for tomorrow’s intraday direction.
- Monitor overnight NASDAQ 100 performance for a global technology sentiment signal that directly feeds the Nifty IT prediction for tomorrow.
Risks to the Nifty It Prediction For Tomorrow
- Cyclical sectors outperforming again Tuesday would rotate capital away from IT and limit Nifty IT prediction for tomorrow gains.
- Dollar recovery reducing export earnings and impacting the Nifty IT prediction for tomorrow.
- Weak US discretionary spending data signalling enterprise technology budget cuts and changing the Nifty IT prediction for tomorrow.
Conclusion
The Nifty IT prediction for tomorrow for Tuesday 4 August 2026 shows +0.28% to 40,038 on Monday, with India VIX at a multi-month low of 11.55 and FII returning to net buying at Rs 918 crore. Ankit Jaiswal of Univest identifies 40,400-40,500 as the key resistance for the Nifty IT prediction for tomorrow while Kunal Singla considers 39,700-39,800 the most important support to watch Tuesday. Check GIFT Nifty at 9 AM IST, monitor Iran diplomatic updates overnight, and track Bharti Airtel and ONGC Q1 FY27 results in the first hour as the three most critical real-time inputs for the Nifty IT prediction for tomorrow.
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 NSE (nseindia.com), BSE (bseindia.com) and MCX (mcxindia.com) before investing. Investments are subject to market risk. Educational content only, not investment advice by Univest (SEBI RA INH000013776).
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FAQs on Nifty It Prediction For Tomorrow
What is the Nifty IT prediction for tomorrow, Tuesday 4 August 2026?
Ans. The Nifty IT prediction for tomorrow is neutral to mildly bullish. Nifty IT closed Monday at 40,038, up only 0.28 percent, underperforming the broader market. Support is 39,700-39,800 and resistance 40,400-40,500 in the Nifty IT prediction for tomorrow.
Which analysts prepared the Nifty IT prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the Nifty IT prediction for tomorrow.
Why did Nifty IT underperform in the Nifty IT prediction for tomorrow context?
Ans. Iran peace talks on Monday kept the market focused on cyclicals like banks, FMCG and auto, which benefited directly from falling crude oil. Defensive technology was relatively ignored. This sectoral rotation pattern is the key context for the Nifty IT prediction for tomorrow.
What is Nifty IT support and resistance for the prediction for tomorrow?
Ans. Support is 39,700-39,800 and 39,200-39,400. The 50 DMA at 38,500-38,700 is the medium-term floor. Resistance is 40,400-40,500 and 41,000-41,200 in the Nifty IT prediction for tomorrow.
What stocks are watched in the Nifty IT prediction for tomorrow?
Ans. TCS (largest IT company, large-deal bellwether), Infosys (second largest, complementary signal) and HCL Technologies (infrastructure services differentiation) are the three stocks in the Nifty IT prediction for tomorrow.
