Nifty IT Prediction for Monday 8 June 2026: Sector Outlook and Key Technical Levels

June 5, 2026
Posted by: Neeraj Pandey
Category: News

Nifty IT 29,010.30 (-0.99%) on 5 Jun. Wipro -2.91% (Rs 198.37, post-buyback). Support 28,700, resistance 29,400. Monday 8 Jun.

The Nifty IT prediction for Monday 8 June 2026 is cautiously bearish after the sector index closed at 29,010.30 (-0.99%) on Friday 5 June 2026, weighed by Wipro’s -2.91% post-buyback record date selling and continued Infosys weakness. Wipro fell from Rs 204.32 to Rs 198.37 on Friday, touching a session low of Rs 188.15, as arbitrageurs who had accumulated for the buyback record date exited positions. The Nifty IT prediction for Monday will be primarily driven by Nasdaq’s overnight performance following the US Non-Farm Payrolls data released on Friday evening. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, provide the full technical outlook for the Nifty IT prediction for Monday 8 June 2026.

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Table of Contents

Friday 5 June 2026 Market Close

Nifty 50: 23,366.70 (-0.21%). High 23,516.35, low 23,282.65. RBI held repo at 5.25%; market opened positive but gave back gains late session.
Bank Nifty: 54,496.25 (+0.35%). Hit +0.35% high intraday on RBI day. PSU banks outperformed; SBI high Rs 992.60.
India VIX: 15.79 (intraday low 13.46 — multi-week low). Declining VIX is constructive for Monday 8 June 2026 open.
Nifty IT: 29,010.30 (-0.99%). Wipro fell -2.91% post-buyback record date.
FII/DII (4 June): FII net Rs -4,475.76 Cr; DII net Rs +3,986.44 Cr.
Key event for Monday: US NFP data released tonight (5 June); Monday open will react to this first.

Nifty IT Levels for Monday 8 June 2026

Level	Value
Friday Close	29,010.30
Friday High	29,639.80
Friday Low	28,918.85
Support 1	28,700
Support 2	28,400
Resistance 1	29,400
Resistance 2	29,639
Trend	Cautiously Bearish

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Ankit Jaiswal observes that the Nifty IT prediction for Monday is bearish unless the sector can hold the 28,700 support zone and Infosys recovers above Rs 1,210. He notes that Wipro’s post-buyback selling may extend into the first hour of Monday trading before stabilising near Rs 193-198 support.

Kunal Singla highlights that the Nifty IT prediction for Monday has one key positive: VIX touched 13.46 intraday on Friday, a multi-week low that signals overall market fear is declining, which typically reduces the severity of sector-level selling even in weak sectors like IT. He advises monitoring Nasdaq’s close tonight for Monday direction.

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Conclusion

The Nifty IT prediction for Monday 8 June 2026 is cautiously bearish with support at 28,700 and resistance at 29,400. Wipro’s post-buyback stabilisation and Nasdaq’s overnight direction are the two key variables. Data sourced from open public platforms — verify from NSE/BSE before decisions.

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 Nifty IT prediction for Monday 8 June 2026?

Ans. The Nifty IT prediction for Monday is cautiously bearish. The index closed at 29,010.30 (-0.99%) on Friday 5 June. Wipro fell -2.91% to Rs 198.37 post-buyback record date. Support is 28,700 and resistance is 29,400. Nasdaq’s overnight performance will be the key driver for Monday.

What are Nifty IT support and resistance for Monday?

Ans. Nifty IT support 1 is 28,700, support 2 is 28,400. Resistance 1 is 29,400, resistance 2 is 29,639 (Friday’s high). A recovery above 29,400 would signal stabilisation for the Nifty IT prediction for Monday.

Why did Nifty IT fall on Friday 5 June 2026?

Ans. Nifty IT fell -0.99% on Friday. The primary drag was Wipro’s -2.91% post-buyback record date selling, as arbitrageurs who accumulated for the buyback exited positions. Infosys also declined -0.32% to Rs 1,197.50. The sector has been under pressure from US client spending concerns.

Will Nifty IT recover on Monday 8 June 2026?

Ans. The Nifty IT prediction for Monday depends on Nasdaq’s overnight performance. VIX fell to 13.46 intraday on Friday, which is constructive. A Nasdaq gain of 0.5%+ overnight would support a Nifty IT bounce toward 29,400 on Monday.

What is Wipro’s outlook for Monday after buyback?

Ans. Wipro closed at Rs 198.37 on Friday, having fallen -2.91% post-buyback record date (low Rs 188.15). The Monday prediction for Wipro is cautiously stabilising near Rs 195-200. The buyback at Rs 250 provides a fundamental anchor but near-term selling from departing arbitrageurs may continue early Monday.

Which IT stocks are key for Nifty IT prediction for Monday?

Ans. Infosys (Rs 1,197.50), Wipro (Rs 198.37), TCS and HCL Tech are the primary drivers. A recovery in Infosys above Rs 1,210 would be the first positive signal for the Nifty IT prediction for Monday 8 June 2026.

How does US NFP data affect Nifty IT prediction for Monday?

Ans. US NFP data released Friday evening directly affects Nifty IT on Monday. A weaker-than-expected jobs number would boost Nasdaq and provide a positive tailwind for Nifty IT. A hot jobs number would pressure Nasdaq and worsen the Nifty IT prediction for Monday.

What is the key risk for Nifty IT for Monday?

Ans. The key risks for the Nifty IT prediction for Monday are: Wipro selling continuing after buyback, a hot US NFP pressuring Nasdaq, and FII selling in technology stocks. A Nifty IT break below 28,700 support would signal fresh institutional selling.

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Author: Neeraj Pandey

Neeraj Pandey is a Financial Content Writer at Univest, covering Indian equity markets with a specialisation in quarterly earnings previews and analyst consensus analysis. His published work tracks Q4 FY26 results across 10+ sectors — from IT heavyweights like Infosys and TCS to PSUs like Coal India and Balmer Lawrie, and mid-caps like Neuland Laboratories, MCX, and Whirlpool of India. His writing approach is data-first: every article anchors on NSE/BSE filings, analyst consensus estimates (revenue, PAT, EBITDA margins), 52-week price context, and YoY/QoQ comparisons — giving retail investors the same structured framework institutional desks use before an earnings event. He combines SEO-optimised structure with rigorous data sourcing, ensuring each preview ranks for investor search intent while meeting SEBI editorial standards. All articles are reviewed by Univest's in-house equity research team, led by Ankit Jaiswal, Senior Equity Research Analyst, to meet SEBI editorial standards.