ITC Share Price Prediction for Monday 8 June 2026: F&O Levels and Technical Outlook

June 5, 2026
Posted by: Kunal Singla
Category: News

ITC Rs 280.70 (+0.14%) on 5 Jun. High Rs 281.40, low Rs 277.85. Support Rs 277, resistance Rs 283. Sideways to Cautiously Bullish. Monday 8 Jun.

The ITC prediction for Monday 8 June 2026 is Sideways to Cautiously Bullish as the stock closed at Rs 280.70 (+0.14%) on Friday 5 June 2026, gaining from Rs 280.30. ITC held near Rs 280.70 on Friday (+0.14%), maintaining its gains from Thursday’s +1.19% session; FMCG defensive demand and strong cigarette volume data are the key drivers. The broader Nifty 50 direction on Monday, shaped by the US NFP overnight reaction and RBI post-policy sentiment, will influence this stock. The ITC prediction for Monday is also shaped by the US Non-Farm Payrolls data released on Friday evening, which will determine Monday’s opening gap direction.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, provide the F&O levels and technical outlook for the ITC prediction for Monday 8 June 2026.

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Table of Contents

ITC Share Price Data for Monday 8 June 2026

Parameter	Value
CMP (5 June Close)	Rs 280.70
Previous Close	Rs 280.30
Change	+0.14%
Friday High	Rs 281.40
Friday Low	Rs 277.85
Volume	1.61 Cr
Sector	FMCG
Support 1	Rs 277
Support 2	Rs 272
Resistance 1	Rs 283
Resistance 2	Rs 288
Trend	Sideways to Cautiously Bullish

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ITC Prediction for Monday: Technical Analysis

Ankit Jaiswal observes that the ITC prediction for Monday is anchored at Rs 277 support. ITC held near Rs 280.70 on Friday (+0.14%), maintaining its gains from Thursday’s +1.19% session; FMCG defensive demand and strong cigarette volume data are the key drivers. A sustained hold above Rs 277 and a break above Rs 283 would confirm the Sideways to Cautiously Bullish thesis for the ITC prediction for Monday 8 June 2026.

Kunal Singla notes that the ITC prediction for Monday is influenced by the VIX at 15.79 (intraday low 13.46 on Friday) — a constructive signal for controlled directional moves on Monday. ITC F&O shows Put OI near Rs 277-278 and Call OI at Rs 283-285. RBI positive sentiment provides a mild tailwind for FMCG for the Monday prediction.

ITC F&O Analysis for Monday 8 June 2026

ITC F&O shows Put OI near Rs 277-278 and Call OI at Rs 283-285. RBI positive sentiment provides a mild tailwind for FMCG for the Monday prediction. The F&O range for ITC on Monday is between Rs 277 (Put OI support) and Rs 283 (Call OI resistance).

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Risks for ITC Prediction for Monday

Potential GST increase on cigarettes remains an overhang for earnings visibility is the primary risk for the ITC prediction for Monday.
US NFP reaction on Monday open could create a gap that invalidates the entry zone.
FII selling (net Rs -4,475.76 Cr on 4 June) remains a headwind for all index stocks.
A Nifty 50 breakdown below 23,200 would drag most index stocks lower on Monday.

Conclusion

The ITC prediction for Monday 8 June 2026 is Sideways to Cautiously Bullish with Rs 277 as key support and Rs 283 as the critical resistance. ITC held near Rs 280.70 on Friday (+0.14%), maintaining its gains from Thursday’s +1.19% session; FMCG defensive demand and strong cigarette volume data are the key drivers. Ankit Jaiswal and Kunal Singla recommend waiting for the first 15-minute candle on Monday before taking directional positions in ITC. Data is sourced from open public platforms including NSE and BSE — verify from official exchange sources before any investment decision.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Disclaimer: The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Data is sourced from open public platforms including NSE and BSE and may be subject to revision. Verify data from official NSE/BSE sources before making any investment decision. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.

Frequently Asked Questions

What is the ITC prediction for Monday 8 June 2026?

Ans. The ITC prediction for Monday is Sideways to Cautiously Bullish. CMP Rs 280.70 (+0.14%) on 5 June. Support Rs 277, resistance Rs 283. ITC held near Rs 280.70 on Friday (+0.14%), maintaining its gains from Thursday’s +1.19% session; FMCG defensive demand and strong cigarette volume data are the key drivers.

What are ITC support and resistance levels for Monday?

Ans. Support 1: Rs 277. Support 2: Rs 272. Resistance 1: Rs 283. Resistance 2: Rs 288. A close above Rs 283 confirms bullish trend for ITC on Monday.

What is the ITC F&O outlook for Monday 8 June 2026?

Ans. ITC F&O shows Put OI near Rs 277-278 and Call OI at Rs 283-285. RBI positive sentiment provides a mild tailwind for FMCG for the Monday prediction. The ITC F&O range for Monday is Rs 277 to Rs 283.

What drives the ITC prediction for Monday?

Ans. ITC held near Rs 280.70 on Friday (+0.14%), maintaining its gains from Thursday’s +1.19% session; FMCG defensive demand and strong cigarette volume data are the key drivers. The broader Nifty 50 direction on Monday, shaped by the US NFP overnight reaction and RBI post-policy sentiment, will influence this stock. Monday open will reflect the US NFP reaction overnight.

Is ITC bullish or bearish for Monday 8 June 2026?

Ans. The ITC prediction for Monday is Sideways to Cautiously Bullish. Closed Rs 280.70 on Friday gaining from Rs 280.30. Potential GST increase on cigarettes remains an overhang for earnings visibility is the primary risk.

How does India VIX affect ITC prediction for Monday?

Ans. India VIX closed at 15.79 on Friday, touching an intraday low of 13.46. A VIX below 16 supports cleaner directional moves and reduces whipsaw risk for the ITC prediction for Monday 8 June.

Should traders go long or short on ITC Monday?

Ans. For educational reference only: confirm above Rs 283 before longs; use Rs 277 as stop reference. This is not investment advice. Consult a SEBI-registered advisor.

What is the key risk for ITC on Monday 8 June 2026?

Ans. Primary risk: Potential GST increase on cigarettes remains an overhang for earnings visibility. Additional risks: US NFP reaction, FII selling pressure, and broader Nifty direction. Use strict stop-losses.

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Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.