Nifty IT Prediction for Tomorrow 22 May 2026: Nasdaq at 26,270 After Nvidia Beat Creates Strong Gap-Up Setup
- May 21, 2026
- Posted by: Neeraj Pandey
- Category: News
The Nifty IT prediction for tomorrow on 22 May 2026 is the most clear-cut directional setup of the week: the Nasdaq surged 1.55 per cent to 26,270.36 on 21 May 2026, confirmed by Enrich Money global market data, as Nvidia’s Q1 FY27 earnings beat drove the strongest technology sector re-rating of May 2026. Despite Nifty IT being weak on Thursday’s session per ICICI Direct, Friday’s opening gap-up for IT stocks is confirmed by the Nasdaq reading. Infosys closed at Rs 1,181 and HCL Technologies at Rs 1,168 on 21 May 2026 as confirmed 21 May NSE closing prices.
Ankit Jaiswal, Senior Research Analyst at Univest, notes that the Nifty IT prediction for tomorrow is the clearest recovery setup of the current week. Thursday’s IT weakness was pre-Nvidia caution rather than fundamental deterioration, and the confirmed Nvidia beat creates a strong reversal signal for Friday. Kunal Singla, Associate Director at Univest, adds that FOMC hawkish Dollar strength adds a secondary tailwind for IT export revenues in the Nifty IT prediction for tomorrow.
Nifty IT Reference Data: 21 May 2026
| Metric | Data (21 May 2026) | Signal for 22 May |
| Infosys NSE Close | Rs 1,181 (21 May confirmed) | Watch above Rs 1,190 on gap-up |
| HCL Technologies NSE Close | Rs 1,168 (21 May confirmed) | Watch above Rs 1,180 |
| Nifty IT Sector 21 May | Weak (ICICI Direct confirmed) | Pre-Nvidia caution; reversal due |
| Nasdaq 21 May | 26,270.36 (+1.55%) | Direct IT recovery catalyst |
| Dow Jones 21 May | 50,009.35 (+1.31%) | Broad tech confidence |
| Nikkei 21 May | 61,856.77 (+3.43%) | Asia re-rating on Nvidia |
| Rupee 21 May | ~Rs 96+ (Goodreturns: weak) | USD strength = IT revenue inflation |
| Nifty 50 Close 21 May | 23,654.70 | Sideways; IT to drive Friday direction |
Nifty IT Prediction for Tomorrow: Nvidia Impact Analysis
Jaiswal’s Nifty IT prediction for tomorrow is structured around the confirmed Nvidia earnings beat that drove Nasdaq to 26,270.36. Nvidia’s Q1 FY27 guidance on AI data centre spending is the most direct signal for Indian IT companies because hyperscaler capital expenditure on AI infrastructure directly translates into outsourcing contracts, AI project pipelines and digital transformation deals for Infosys, HCL Tech, TechM and Wipro.
Singla notes that Infosys at Rs 1,181 is significantly below its analyst consensus target price, and the Nvidia-driven gap-up on Friday combined with Q4 FY26 net profit growth of 20.8 per cent year on year makes Infosys the most fundamentally supported IT name in the Nifty IT prediction for tomorrow. HCL Tech at Rs 1,168, near its post-correction lows, offers the largest percentage recovery potential on a strong Friday IT session.
Nifty IT Prediction for Tomorrow: Gap-Up Scenario Analysis
Bull Scenario: Nasdaq Gap-Up Converts to IT Rally Above Rs 1,190 Infosys
If GIFT Nifty opens positive on Nvidia beat absorption and Infosys trades above Rs 1,190 in the first 15 minutes, the Nifty IT prediction for tomorrow targets Infosys at Rs 1,215 and HCL Tech at Rs 1,195 through Friday’s session.
Bear Scenario: US Michigan Inflation Data Kills Rally
If US University of Michigan inflation expectations data shows elevated readings on Friday, Dollar spikes and Nasdaq futures reverse, creating a ‘sell-the-news’ dynamic where the Nifty IT prediction for tomorrow gap-up is sold into, pulling Infosys back toward Rs 1,165.
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Conclusion: Nifty IT Prediction for Tomorrow 22 May 2026
The Nifty IT prediction for tomorrow on 22 May 2026 is bullish on the back of Nasdaq at 26,270.36 (+1.55%) confirming Nvidia’s Q1 FY27 beat. Infosys (Rs 1,181 close) and HCL Tech (Rs 1,168 close) are the two primary watchlist names in the Nifty IT prediction for tomorrow. US Michigan inflation data Friday is the key risk.
Disclaimer: This content is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered research analyst entity (Uniresearch Global Pvt Ltd, INH000012449). Commodity, F&O and equity investments are subject to market risk. Consult a SEBI-registered advisor before investing.
FAQs
What is the Nifty IT prediction for tomorrow on 22 May 2026?
Ans. The Nifty IT prediction for tomorrow is bullish, with Nasdaq at 26,270.36 (+1.55%) confirming Nvidia’s earnings beat. Infosys closed at Rs 1,181 and HCL Tech at Rs 1,168 on 21 May. A gap-up open for IT stocks on Friday is expected.
Why was Nifty IT weak on 21 May despite Nasdaq gains?
Ans. Nifty IT was weak on 21 May because Nvidia reported after the US market close, meaning Indian markets on Thursday had not yet received the earnings result. The Nasdaq’s 1.55 per cent gain reflects post-earnings reaction overnight, which will drive Indian IT stocks higher at Friday’s open in the Nifty IT prediction for tomorrow.
What is Infosys share price and target for tomorrow?
Ans. Infosys closed at Rs 1,181 on 21 May 2026. Ankit Jaiswal’s Nifty IT prediction for tomorrow places the intraday watch level at above Rs 1,190, with a bull target of Rs 1,215 on a strong Nvidia-driven Friday session.
How does FOMC hawkish Dollar help IT stocks tomorrow?
Ans. A stronger US Dollar from hawkish FOMC directly inflates IT export revenues when reported in rupees. With Rupee at record weak levels near Rs 96 per Dollar (Goodreturns, 21 May), each 1 per cent Rupee depreciation adds approximately 0.5 per cent to IT companies’ rupee revenue in the Nifty IT prediction for tomorrow.
Which IT stocks to watch in Nifty IT prediction for tomorrow?
Ans. Ankit Jaiswal’s Nifty IT prediction for tomorrow watchlist: Infosys (Rs 1,181 close, watch above Rs 1,190), HCL Technologies (Rs 1,168 close, watch above Rs 1,180) and TechM. These are analysis levels and not buy or sell recommendations.
