Nifty IT Prediction for Tomorrow, Wednesday 5 August 2026: Index at 39,878 Holds Above Support as Global Tech Earnings Stay Strong
- August 4, 2026
- Posted by: Kunal Singla
- Category: News
Nifty IT Tue: 39,878 (-0.34%). Day range: 39,680-40,050. Support 39,600-39,700. Resistance 40,200-40,350. RBI 5 Aug 10 AM IST.
The Nifty IT prediction for tomorrow for Wednesday 5 August 2026 comes after Tuesday’s cautious session where the Nifty 50 fell 159 points or 0.64 percent to 24,614.90 as Tehran denied US-Iran peace talks, sending Brent crude recovering from 82 US dollars to approximately 84 US dollars. Bank Nifty fell approximately 1.3 percent as banks led the decline with HDFC Bank and Axis Bank among top losers. India VIX rose to approximately 13.15, reflecting pre-RBI anxiety. The dominant event for the Nifty IT prediction for tomorrow is the Reserve Bank of India Monetary Policy Committee rate decision at 10 AM IST Wednesday, with a unanimous hold at 5.25 percent widely expected. Nifty IT fell only 0.34 percent Tuesday, outperforming the broader Nifty 50’s 0.64 percent decline, as US technology earnings from Amazon, Alphabet and Microsoft provided a positive global technology backdrop. The Nifty IT prediction for tomorrow benefits from the IT sector’s dollar-earning characteristics: a softening rupee from either crude recovery or dovish RBI would amplify rupee revenues for Indian IT exporters who earn 93 percent of revenues in foreign currencies. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete Nifty IT prediction for tomorrow outlook covering technical levels, global cues and three stocks to watch.
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Tuesday’s Session Data
| Indicator | Tuesday 4 Aug Close | Change |
|---|---|---|
| Nifty IT | 39,878 | -0.34% |
| Day Range | 39,680-40,050 | Session high/low |
| Nifty 50 | 24,614.90 | -159 pts (-0.64%) |
| Bank Nifty | ~57,485 | ~-762 pts (-1.3%) |
| India VIX | ~13.15 | +10.4% (pre-RBI anxiety) |
| Brent Crude | ~$84/bbl | +$2 (Tehran denied Iran talks) |
| Bharti Airtel Q1 FY27 | ARPU Rs 261 (+2%) | After-hours positive |
Ankit Jaiswal notes that the Nifty IT prediction for tomorrow is informed by Tuesday’s macro reversal: Tehran’s denial of US-Iran peace talks partially unwound Monday’s sharp crude oil crash, with Brent recovering from 82 US dollars to approximately 84 US dollars. The Nifty IT is the sectoral benchmark tracked for the Nifty IT prediction for tomorrow. Oil-linked stocks gained while FMCG and auto stocks gave back some of Monday’s crude-driven gains, setting the base for the Nifty IT prediction for tomorrow.
Technical Levels for the Nifty IT prediction for tomorrow
| Level Type | Zone |
|---|---|
| Immediate Support | 39,600-39,700 |
| Support 2 | 39,100-39,250 |
| Strong Support | 38,400-38,600 (50 DMA) |
| Immediate Resistance | 40,200-40,350 |
| Key Resistance | 40,700-40,900 |
Kunal Singla notes that the Nifty IT prediction for tomorrow rests on immediate support 39,600-39,700 holding through Wednesday’s pre-RBI window from 9:15 AM to 10:00 AM IST. On RBI decision days, markets range-trade for the first 45 minutes before the announcement triggers a directional move of 1 to 2 percent. Ankit Jaiswal places 40,200-40,350 as the key resistance for the Nifty IT prediction for tomorrow that must be cleared post-10 AM for the bullish case to be confirmed. Bharti Airtel’s strong Q1 FY27 results with ARPU Rs 261 and PAT growth of approximately 35 percent provide a positive pre-market bias for the Nifty IT prediction for tomorrow.
RBI MPC Impact on the Nifty IT prediction for tomorrow
The RBI Monetary Policy Committee announces its rate decision at 10 AM IST on Wednesday 5 August. All six MPC members are expected to vote for a hold at 5.25 percent. The Nifty IT prediction for tomorrow is binary: a hold with neutral guidance would produce a relief bounce; a dovish signal would be a strongly positive catalyst for the Nifty IT prediction for tomorrow; a hawkish surprise would revise the outlook bearishly within minutes. Ankit Jaiswal recommends treating the 10 AM announcement as the reset point for all intraday positions in the Nifty IT prediction for tomorrow.
Key Factors Shaping the Nifty IT prediction for tomorrow
- US technology sector earnings from Amazon (+15%), Alphabet (+6.9%) and Microsoft (+3%) on July 31 confirm enterprise technology spending recovery that directly benefits Indian IT companies’ deal pipeline in the Nifty IT prediction for tomorrow.
- A dollar near 95.59 per rupee supports revenue translation for Indian IT exporters. A dovish RBI Wednesday weakening the rupee would provide an additional forex tailwind for the Nifty IT prediction for tomorrow.
- The September quarter guidance season for Indian IT begins in mid-August. Investors are building positions ahead of deal flow data, providing structural demand in the Nifty IT prediction for tomorrow independent of near-term market fluctuations.
Stocks to Watch Wednesday
Univest analysts flag these three stocks for educational observation in the Nifty IT prediction for tomorrow. These are not buy recommendations.
TCS: CMP Rs 3,832. Ankit Jaiswal flags entry Rs 3,805-3,828, target Rs 3,918, SL Rs 3,778. TCS is the largest Nifty IT constituent and the primary bellwether for enterprise technology demand in the Nifty IT prediction for tomorrow.
Infosys: CMP Rs 1,072. Kunal Singla flags entry Rs 1,058-1,068, target Rs 1,105, SL Rs 1,042. Infosys provides complementary large-deal and cloud practice data to TCS for the Nifty IT prediction for tomorrow direction.
HCL Technologies: CMP Rs 1,822. Ankit Jaiswal flags entry Rs 1,800-1,818, target Rs 1,875, SL Rs 1,772. HCL Technologies’ infrastructure services and product business provides differentiated exposure within the Nifty IT prediction for tomorrow.
Use the Univest Screener to Find Opportunities Aligned With the Nifty IT prediction for tomorrow
Strategy for the Nifty IT prediction for tomorrow
- 39,600-39,700 is the primary support for the Nifty IT prediction for tomorrow.
- 40,200-40,350 is the first resistance for the Nifty IT prediction for tomorrow. Ankit Jaiswal recommends booking here.
- Monitor NASDAQ 100 overnight for the global technology sentiment signal that feeds the Nifty IT prediction for tomorrow.
- Track TCS and Infosys open prices Wednesday as the two bellwether stocks for the Nifty IT prediction for tomorrow direction.
Risks to Monitor
- Cyclical sector outperformance Wednesday continuing to rotate capital away from IT and limit the Nifty IT prediction for tomorrow.
- US enterprise technology budget slowdown from Fed rate concerns reducing Indian IT deal flow and revising the Nifty IT prediction for tomorrow.
- Dollar recovery through RBI hawkish signal reducing rupee revenue translation in the Nifty IT prediction for tomorrow.
Conclusion
The Nifty IT prediction for tomorrow for Wednesday 5 August 2026 reflects -0.34% to 39,878 on Tuesday, as Tehran denied Iran peace talks and crude recovered to approximately 84 US dollars, raising pre-RBI caution. Ankit Jaiswal of Univest places support for the Nifty IT prediction for tomorrow at 39,600-39,700 and resistance at 40,200-40,350. The RBI MPC decision at 10 AM IST Wednesday is the single most important catalyst for the Nifty IT prediction for tomorrow. Check GIFT Nifty and Airtel pre-market at 9 AM to set the opening scenario.
Kunal Singla of Univest notes that with India VIX at approximately 13.15, the Nifty IT prediction for tomorrow carries wider intraday volatility than a typical session. A neutral RBI hold would produce a contained 150-200 point Nifty swing consistent with the this prediction base case. Traders should honour stop losses and avoid large positions before 10 AM RBI clarity in the this prediction.
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), BSE (bseindia.com) and MCX (mcxindia.com) websites before making any investment decision. Investments in securities and commodities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Download the Univest iOS App or Univest Android App to track live levels and RBI day alerts for the this prediction.
FAQs on this prediction
What is the this prediction, Wednesday 5 August 2026?
Ans. The this prediction is neutral-to-mildly-bullish. The index closed Tuesday at 39,878, down only 0.34 percent, outperforming the broader market. Support is 39,600-39,700 and resistance 40,200-40,350 in the this prediction. Strong US tech earnings provide the positive global backdrop for the this prediction.
Which analysts prepared the this prediction?
Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the this prediction.
How do US tech earnings affect the this prediction?
Ans. Amazon +15%, Alphabet +6.9% and Microsoft +3% on July 31 confirm enterprise technology spending recovery. This directly benefits Indian IT companies’ deal pipelines and is the primary positive catalyst for the this prediction.
What is Nifty IT support and resistance for the prediction for tomorrow?
Ans. Support is 39,600-39,700 and 39,100-39,250. The 50 DMA at 38,400-38,600 is the medium-term floor. Resistance is 40,200-40,350 and 40,700-40,900 in the this prediction.
What stocks are watched in the this prediction?
Ans. TCS (largest constituent, enterprise demand bellwether), Infosys (large-deal and cloud visibility) and HCL Technologies (infrastructure and product differentiation) are the three stocks in the this prediction.
