Nifty IT Prediction for Tomorrow, Thursday 6 August 2026: Index at 39,550 Falls 0.83% as TCS -1.24% and HCLTech -2.18% Hit Sector
- August 5, 2026
- Posted by: Ankit Jaiswal
- Category: News
Nifty IT Wed: 39,550 (-0.83%). Range: 39,350-39,680. Support 39,300-39,350. Resistance 39,750-39,900. Crude $78.44. SBI Q1 Thu.
The Nifty IT prediction for tomorrow for Thursday 6 August 2026 is framed by Wednesday’s session where Brent crude extended its weekly decline to 78.44 US dollars, down 12 percent in a single week on Iran deal mediators in Qatar reporting progress, while the RBI held rates at 5.25 percent with a neutral stance. Nifty 50 closed approximately flat near 24,590 while Sensex gained 321 points to approximately 78,750 — a historic divergence driven by the new Closing Auction Session mechanism. Bank Nifty fell 187 points to approximately 57,720 as private banks (HDFC Bank -1.13 percent, ICICI Bank -1.07 percent) underperformed while PSU banks (SBI +0.86 percent) outperformed ahead of SBI Q1 FY27 results on Thursday. The Nifty IT is the sectoral benchmark for Thursday. The Nifty IT prediction for tomorrow for Thursday balances three catalysts: the weekly Nifty options expiry, SBI Q1 FY27 results and Brent crude at 78.44 US dollars. Nifty IT fell 0.83 percent Wednesday as TCS dropped 1.24 percent and HCL Technologies fell 2.18 percent — the largest individual Nifty 50 constituent declines Wednesday. The IT sector underperformed the broader market despite US mega-cap tech earnings remaining strong (S&P 500 at record 7,736). The Nifty IT prediction for tomorrow is neutral: the fundamental US tech earnings tailwind is intact but the sector faces a sector rotation headwind as capital moves to Realty, Auto and Cement crude-beneficiary sectors on Iran deal progress. The Nifty IT prediction for tomorrow may see rotation-driven pressure continue on Thursday. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete Nifty IT prediction for tomorrow.
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Wednesday’s Data Behind the Nifty IT prediction for tomorrow
| Indicator | Wednesday 5 Aug Close | Change |
|---|---|---|
| Nifty IT | 39,550 | -0.83% |
| Day Range | 39,350-39,680 | Session high/low |
| Nifty 50 | ~24,590 | ~-25 pts (-0.10%) — CAS divergence |
| Sensex | ~78,750 | +321 pts (+0.41%) — Grasim, L&T led |
| Bank Nifty | ~57,720 | -187 pts (-0.32%) — private banks lagged |
| India VIX | ~11.48 | Down from 12.19 (RBI event resolved) |
| Brent Crude | $78.44/bbl | -$0.92 (-1.2%) today; -12% weekly |
| SBI Q1 FY27 | Results due Thursday Aug 6 | SBI +0.86% Wed on pre-result positioning |
Ankit Jaiswal notes the Nifty IT prediction for tomorrow is shaped by three simultaneous forces: crude at 78.44 US dollars (the structural positive for FMCG, Realty, Cement and Auto that drove Wednesday’s outperformers up 1-2 percent), the weekly Nifty options expiry on Thursday (intraday volatility guarantee), and SBI Q1 FY27 results (the binary banking catalyst). The Nifty IT is the sectoral benchmark for Thursday. The Nifty IT prediction for tomorrow analysis below maps each catalyst to its impact on Thursday’s likely range and direction.
Technical Levels for the Nifty IT prediction for tomorrow
| Level Type | Zone |
|---|---|
| Immediate Support | 39,300-39,350 |
| Support 2 | 38,800-38,900 |
| Strong Support | 38,100-38,300 (50 DMA) |
| Immediate Resistance | 39,750-39,900 |
| Key Resistance | 40,200-40,400 |
Kunal Singla observes that the Nifty IT prediction for tomorrow enters Thursday with VIX at 11.48, the lowest since Monday August 3, confirming option writers are pricing a calmer session after Wednesday’s RBI-driven volatility resolved. The weekly expiry pin near the max pain zone for Thursday creates a gravitational force for the first 90 minutes of Thursday’s session before SBI Q1 result catalysts take over. 39,750-39,900 is the primary resistance that the Nifty IT prediction for tomorrow must clear for the bullish case to be confirmed post-SBI results.
Iran Deal and Crude at $78.44: Core Driver of the Nifty IT prediction for tomorrow
Brent crude at 78.44 US dollars is the most significant macro variable for the Nifty IT prediction for tomorrow. Qatar, Pakistan and Oman continued shuttle diplomacy between Washington and Tehran on Wednesday, with mediators reporting progress in narrowing differences. The Strait of Hormuz remains partially shut with another vessel attacked Wednesday, maintaining 1-2 US dollars of risk premium in crude. Ankit Jaiswal tracks three crude scenarios for the Nifty IT prediction for tomorrow: formal Iran deal overnight pushes Brent to 72-75 US dollars (very bullish for FMCG, Realty, Auto, Cement in this outlook); status quo at 78-80 US dollars is the base case; deal collapse pushes Brent back above 84 US dollars (bearish for FMCG and FMCG-linked sectors in this outlook).
Key Factors Shaping the Nifty IT prediction for tomorrow
- TCS -1.24 percent and HCLTech -2.18 percent Wednesday signal sector-specific selling that may be related to profit-booking after the recent run-up rather than any fundamental change. The Nifty IT prediction for tomorrow fundamental case (US tech spending recovery) remains intact.
- The S&P 500 at record 7,736.49 and NASDAQ +2.59 percent Tuesday reflect continued US enterprise technology spending that feeds Indian IT deal pipelines. This is the positive global backdrop for the Nifty IT prediction for tomorrow.
- A stronger rupee at 94.80 is a secondary mild negative for the Nifty IT prediction for tomorrow through reduced foreign currency revenue translation in rupee terms. Each 50-paise rupee strengthening reduces IT sector revenues by approximately 0.4-0.5 percent in this outlook.
Stocks to Watch in the Nifty IT prediction for tomorrow
Univest analysts flag the following stocks for educational observation in this outlook on Thursday. These are not buy recommendations.
TCS: CMP Rs 2,410. Ankit Jaiswal flags entry Rs 2,388-2,408, target Rs 2,468, SL Rs 2,358. TCS fell 1.24 percent Wednesday. Ankit Jaiswal flags Rs 2,380-2,395 as medium-term support and Rs 2,468 as the Nifty IT prediction for tomorrow recovery target. This is a watch in this outlook.
Infosys: CMP Rs 1,063. Kunal Singla flags entry Rs 1,050-1,062, target Rs 1,096, SL Rs 1,032. Infosys’s raised FY27 CC guidance (4.5-6.5 percent) provides fundamental support in this outlook. This is a watch in this outlook.
HCL Technologies: CMP Rs 1,342. Ankit Jaiswal flags entry Rs 1,325-1,340, target Rs 1,382, SL Rs 1,298. HCLTech fell 2.18 percent Wednesday, the largest single Nifty 50 decline. Ankit Jaiswal flags this as an overreaction and a buy-on-dip opportunity in this outlook. This is a watch in this outlook.
Use the Univest Screener to Track the Nifty IT prediction for tomorrow Live on Thursday
Trading Strategy for the Nifty IT prediction for tomorrow
- 39,300-39,350 is the support for the Nifty IT prediction for tomorrow.
- 39,750-39,900 is the first resistance in this outlook. Ankit Jaiswal recommends booking here.
- Monitor TCS and Infosys opening prices Thursday as the bellwether signals for the Nifty IT prediction for tomorrow.
- If sector rotation continues away from IT toward crude-beneficiary sectors on Thursday, the Nifty IT prediction for tomorrow could test 39,300-39,350 support before recovering.
Risks to the Nifty IT prediction for tomorrow
- Sector rotation continuing away from IT to Realty, Auto and Cement capping the Nifty IT prediction for tomorrow.
- Rupee further strengthening reducing IT revenue translation in this outlook.
- US enterprise technology budget slowdown from any Fed guidance surprise reducing Indian IT deal flow in this outlook.
Conclusion
The Nifty IT prediction for tomorrow for Thursday 6 August 2026 is shaped by -0.83% to 39,550 on Wednesday, driven by Brent crude at 78.44 US dollars on Iran deal progress. Ankit Jaiswal of Univest identifies 39,750-39,900 as the key resistance and 39,300-39,350 as the critical support for the Nifty IT prediction for tomorrow. SBI Q1 FY27 results on Thursday and the weekly Nifty options expiry are the twin catalysts that define the Nifty IT prediction for tomorrow direction for August 6. A strong SBI Q1 beat would be the most powerful positive catalyst for the Nifty IT prediction for tomorrow in Thursday’s session.
Kunal Singla of Univest notes that with India VIX at 11.48, the Nifty IT prediction for tomorrow carries lower volatility expectations than Tuesday’s pre-RBI setup. The crude-below-80-dollar structural theme (Realty +2%, Auto +1.1%, Cement +1.1% on Wednesday) provides the positive sector underpinning for the Nifty IT prediction for tomorrow even if banking remains under PSU-versus-private rotation pressure on Thursday.
Disclaimer: Data and figures in this article are sourced from publicly available information and may or may not be accurate. Verify all data with NSE (nseindia.com), BSE (bseindia.com) and MCX (mcxindia.com) before making any investment decision. Investments are subject to market risk. Educational purposes 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, Thursday 6 August 2026?
Ans. The Nifty IT prediction for tomorrow is neutral with a slight recovery bias from Wednesday’s oversold condition. Nifty IT fell 0.83 percent to 39,550. TCS -1.24% and HCLTech -2.18% were the primary drivers. Support is 39,300-39,350 and resistance 39,750-39,900 in this outlook.
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 fall despite US tech records in the Nifty IT prediction for tomorrow context?
Ans. Sector rotation away from IT toward crude-beneficiary sectors (Realty +2%, Auto +1.1%, Cement +1.1%) on Iran deal progress drove capital out of IT on Wednesday. The Nifty IT prediction for tomorrow fundamental case (US tech spending recovery) remains intact.
What is Nifty IT support and resistance for the prediction for tomorrow?
Ans. Support is 39,300-39,350 and 38,800-38,900. The 50 DMA at 38,100-38,300 is the medium-term floor. Resistance is 39,750-39,900 and 40,200-40,400 in this outlook.
What stocks are watched in the Nifty IT prediction for tomorrow?
Ans. TCS (sector bellwether, buy-on-dip above Rs 2,388), Infosys (raised FY27 guidance) and HCLTech (oversold -2.18% Wednesday, buy-on-dip) are the three stocks in this outlook.
